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- Wednesday - October 12, 2022
Wednesday - October 12, 2022
Today's newsletter will take 2.47 minutes to read.
DRS UPDATE: 55.40*% (estimated percent of GME shares direct registered)
*source: Computershared.net
On tap this morning:
Tuesday recap
GameStop NFT update
Did you know?
BBBY Short Interest Increased
Ryan Says
Good Morning! This is Mother Squeezer, the newsletter that fights the short sellers with you 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.
Happy National Freethought Day! We encourage you to open your mind and break your patterns.
What do you call an alligator with a magnifying glass? An investigator. /joke
That brings us to today's clever life hack. If you're trying to view smaller print from your mobile phone, use this simple trick:
When we found out our Iphone was not waterproof... we were SHOCKED!
Tuesday Recap: BBBY traded between a low of $4.86 and a high of $5.33 before closing at $5.05. Trading volume was 8.48 million shares.
Cost to borrow: There were 1,300,000 shares available to borrow this morning and as of now, 500,000 remain. The cost to borrow has remained at 10.7%.
Pre market: Bed Bath and Beyond is trading up $0.10 to $5.15 an increase of 1.98% on over 70 thousand volume.
Max pain: The current max pain for BBBY has remained at $6.00.
Tuesday Recap: GME traded between a low of $23.95 and a high of $26.30 before closing at $25.27. Trading volume was 4.19 million shares.
Cost to borrow: There were 1,000,000 shares available earlier this morning. Currently there are 200 remaining. The cost to borrow has remained steady at 9.5%.
Pre market: GameStop is trading down $0.47 to $25.74 a decrease of 1.86% on 30 thousand volume.
Max pain: The current max pain for GME has dropped to $25.50.
GameStopNFT tweeted:
MetaBoy living the GMErica Dream! This Thursday at 3pm est. Jus' keeps gettin' better!
— GameStopNFT (@GameStopNFT)
7:30 PM • Oct 11, 2022
MetaBoy is in the top 4 GameStopNFT creators and collections.
Did you know?
One of the most fascinating facts about the crocodile species is in regard to their breeding. When a female crocodile lays eggs (of which there can be up to 60 at a time), the temperature of the nest where the eggs are laid actually determines the sex of the baby. If the temperature is less than 32 degrees Celsius, the baby crocodiles will be female and if it’s above that temperature, they will be male.
BBBY Short Interest Increased
As you can see, the newest data (9/30/2022) shows the short interest increased over the last report from two weeks ago. This really comes as no surprise. Seeing the price of BBBY tumble day after day with no news and after a positive earnings report with a positive outlook, this just gives us validation on what we suspected.
Our strategy hasn't changed. Consider this a gift and buy what you can justify. Our payday will be coming soon enough.
Side note: the January 2023 $80 call options have been rising for the last few weeks. This is a very bullish indicator. It could mean someone knows something, or the gamble is just that attractive. Either way, this is bullish to us!
Ryan Says
Ryan tweeted this yesterday:
Low interest rates may prove to be like easy sex — tempting but possibly fatal
— Ryan Cohen (@ryancohen)
11:11 PM • Oct 11, 2022
We have no idea what he's saying, just excited to hear from him!
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
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.
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