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- Wednesday - September 28, 2022
Wednesday - September 28, 2022
Today's newsletter will take 2.87 minutes to read.
DRS UPDATE: 54.19*% (estimated percent of GME shares direct registered)
*source: Computershared.net
On tap this morning:
Tuesday recap
GameStop NFT update
Did you know?
DRS of BBBY Picking UP Momentum
Ryan Says
Good Morning Neighbor! This is Mother Squeezer, the newsletter that does good with you and also 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 Good Neighbor Day! We would like to challenge you to do something out of your norm to demonstrate being a good neighbor today. As for us, we plan to bake some chocolate chip cookies and take them to our neighbor. Let us know what you end up doing!
What do you get when you eat a bunch of uranium? Atomic ache. /joke
Since we're baking today, we wanted to share this handy guide as today's clever life hack to test the freshness of your eggs:
2 eggs, a sausage patty, a piece of toast and an avocado walk into a bar. The bartender says "Sorry, we don't serve breakfast".
Tuesday Recap: BBBY traded between a low of $6.26 and a high of $6.76 before closing at $6.38. Trading volume was 7.90 million shares.
Cost to borrow: There were 85,000 shares available to borrow this morning and as of now, 25,000 remain. The cost to borrow has dropped slightly to 13.0%.
Pre market: Bed Bath and Beyond is trading down $0.18 to $6.20 a decrease of 2.82% on over 100 thousand volume.
Max pain: The current max pain for BBBY has remained at $7.50.
Tuesday Recap: GME traded between a low of $25.13 and a high of $26.39 before closing at $26.13. Trading volume was 4.48 million shares.
Cost to borrow: There were 500,000 shares available earlier this morning. Currently there are 7,000 remaining. The cost to borrow has remained steady at 10.0%.
Pre market: GameStop is trading down $0.14 to $25.99 a decrease of 0.54% on 20 thousand volume.
Max pain: The current max pain for GME has dropped to $26.00.
GameStopNFT tweeted:
Game Informer cover NFTs are here! Community artists @CYBERCREWNFT, @MaxxMarshallArt, @torfxnft are all creating for us! Collect all 3… or 4. 😉
— GameStopNFT (@GameStopNFT)
7:00 PM • Sep 27, 2022
The crypto market may have cooled off, but the GameStopNFT collections have remained hot 🔥🔥🔥!
Did you know?
Chocolate Chip Cookies Were Created by Accident. Ruth Wakefield, the owner of the Toll House Inn, added chocolate bar pieces into her cookie batter thinking that they would melt. Instead, the classic chocolate chip cookie was born.
Decades later it remains one of the most loved treats around the world. Here is Mrs. Wakefield’s Original Cookie Recipe:
· 2 1/4 cups all-purpose flour· 1 teaspoon baking soda· 1 teaspoon salt· 1 cup (2 sticks) butter or margarine, softened· 3/4 cup granulated sugar· 3/4 cup packed brown sugar· 1 teaspoon vanilla extract· 2 large eggs· 1 2/3 cups (11-oz. pkg.) semi-sweet chocolate morsels· 1 cup chopped nuts
It’s safe to say that cookies have come a long way since the 1930s!
DRS of BBBY Picking UP Momentum
BBBY has 83% of the float owned by institutions. Insiders hold 2.64%. One source shows the stock is over 100% shorted:
This makes BBBY a ticking time bomb. What will set it off? When will it explode? These are the questions that we'll have to wait to see how they become answered. Until then, DRS your shares!
The transfer agent for BBBY is American Stock Transfer. To direct register your shares, call or chat with your broker (ie Fidelity) and let them know you'd like to direct register your BBBY. Currently, we don't have a tracking mechanism to monitor the DRS progress but one is in development.
Ryan Says
Ryan tweeted this last month:
if we print a few trillion more, it should bring inflation down #taxtherich#wealthtax
— Ryan Cohen (@ryancohen)
1:37 AM • Aug 11, 2022
With more talk of printing more dollars, expect more tweets like this in the future.
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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