Wednesday - November 30, 2022

Today's newsletter will take 3.27 minutes to read.

DRS UPDATE: 59.49*% (estimated percent of GME shares direct registered)

*source: Computershared.net

On tap this morning:

• Tuesday recap

• GameStop NFT update

• Did you know?

• We're Wrong Until We're Right

• Ryan Says

Good Morning! This is Mother Squeezer, the newsletter that is waiting for big things to happen and brings you clever life hacks, updates and insights, along with timely information about our favorite Activist Investor, Ryan Cohen, and our favorite stocks - GME and BBBY.

It's true. We believe big things are on the way. Both for GME and BBBY. We don't know when but we think it'll be soon. For BBBY, the bond deal deadline is scheduled to end on December 5, unless it gets extended again. Then, Ryan Cohen's standstill agreement with the company ends on January 2, 2023. There's a lot of speculation about how GME and BBBY are tied together through Ryan Cohen and Carl Icahn, and much of it is just that - speculation. However, that's all we have to go on for now.

Investing during a bear market can be tough. Which reminds us, what kind of socks do bears wear? They don't, they go bear foot. /joke

Speaking of socks, it's been cold and socks don't just work to keep your feet warm. Try today's clever life hack to keep your...other parts warm this winter:

If your sock didn't have a hole in it you couldn't wrap it around the lid...ba-da-ba.

Tuesday Recap: BBBY traded between a low of $2.99 and a high of $3.47 before closing at $3.18. Trading volume was 14.81 million shares.

Cost to borrow: There were 500,000 shares available to borrow this morning and as of now, 100,000 remain. The cost to borrow has remained at 7.9%. 

Pre market: Bed Bath and Beyond is trading up $0.06 to $3.24 an increase of 1.89% on over 90 thousand volume.

Max pain: The current max pain for BBBY has remained to $3.50.

Tuesday Recap: GME traded between a low of $25.32 and a high of $26.35 before closing at $25.60. Trading volume was 2.02 million shares.

Cost to borrow: There were 850,000 shares available earlier this morning. Currently there are 100,000 remaining. The cost to borrow has risen to 7.7%.

Pre market: GameStop is trading up $0.17 to $25.77 an increase of 0.66% on 9 thousand volume.

Max pain: The current max pain for GME has remained at $26.00.

GameStopNFT tweeted:

Bit Heroes, another GameStopNFT & Immutable collaboration.

Did you know?

Prehistoric socks may have been made from animal skins and the first discovered socks from a familiar construction of woven wool, but other materials have gone into the production of socks.

Eighth-century Greeks wore socks made from matted animal hair. They were called piloi. References to them appear in the writings of the Greek poet Hesiod from that era.

From these non-breathable beginnings, socks have expanded their repertoire to be made from materials like cotton, cashmere, bamboo, polyester, acrylic, spandex, nylon, and silk.

We're Wrong Until We're Right

Most investors in BBBY are down. That's because the stock price has taken a hit over the year from a high of $30.06 back on March 7 to a low of $2.96 two days ago. We believe this is the turn-around story of the year. The previous management and executive team were making decisions that were running the company into the ground.

Ryan Cohen stepped in and replaced the CEO and several board members with those he appointed. He issued a strategy to the company that they have been following. He saw value in the company at $16 a share and made a large purchase.

Sure, he has since sold his position but he still has his board members in place. He is still in a stand-still agreement that expires on January 2, 2023. That's when we expect big things to happen.

We're wrong until we're right because the price is down from when we and nearly everyone else bought in. However, nothing has changed. We believe this is going to be a story that books and movies are made about. Until then, we hodl.

We don't believe RC can come right out and tell others what to do due to SEC regulations and such. We choose to read between the lines.

Ryan Says

Ryan tweeted this over a year ago:

We hold both GME and BBBY and believe Ryan is one to follow his lead.

Spread the Word

We love Ryan Cohen and think he's the greatest Activist Investor of our generation. We are passionate followers of his moves and words and would love for others to know more about this great leader. We feel strongly that life is all about learning who to follow. If you have someone that needs more RC in their life, share Mother Squeezer with them!

Some of our Favorite Resources

Start Here

BBBY: Ben - Mr. Business

GME: Richard Newton

Computershared.net

For errors, omissions or if you have something to share? Let us know!

Financial Disclaimer: None of this is meant to be financial advice. We love Ryan Cohen, RC Ventures, GameStop and Bed Bath and Beyond, and like learning and sharing these insights and commentary.