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- Wednesday - September 7, 2022
Wednesday - September 7, 2022
Today's newsletter will take 2.97 minutes to read.
DRS UPDATE: 50.430*% (estimated percent of GME shares direct registered)
*source: Computershared.net
On tap this morning:
Tuesday recap
GameStop NFT update
Did you know?
Are You Tired of the FUD?
Ryan Says
Good Morning! This is Mother Squeezer, the newsletter that wakes up at the quack of dawn to bring 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.
We believe investing in GME and BBBY isn't about price, it's about exposure. We say this because having exposure is more important than having the best price due to the fact that we never know when these stocks are going to unexpectedly surge.
The hedge funds seem to be colluding with the media to paint this atrocious narrative about Ryan Cohen. It's been said that there are 2 types of people in this world: those who love ice cream and liars. We know which the media are. /joke
That brings us to today's clever life hack. If you're splitting ice cream and don't have enough bowls, try this simple trick:
Now this is an efficient and re-purposeful method of sharing.
Tuesday Recap: BBBY traded between a low of $6.87 and a high of $7.75 before closing at $7.04. Trading volume was 32.3 million shares.
Cost to borrow: There were 250,000 shares available to borrow this morning and as of now, 250,000 remain. The cost to borrow has climbed to 16.6%.
Pre market: Bed Bath and Beyond is trading down $0.27 to $6.77 a decrease of 3.84% on over 300 thousand volume.
Max pain: The current max pain for BBBY has remained at $10.
Tuesday Recap: GME traded between a low of $24.67 and a high of $26.72 before closing at $25.14. Trading volume was 6.9 million shares.
Cost to borrow: There were 350,000 shares available earlier this morning. Currently there are 350,000 remaining. The cost to borrow has remained steady at 11.2%.
Pre market: GameStop is trading down $0.43 to $24.71 a decrease of 1.71% on over 40 thousand volume.
Max pain: The current max pain for GME has remained at $30.
GameStopNFT tweeted:
Kick-Ass, Hit-Girl and the crew are ready to slash their way into your collection. Find them on now @GameStopNFT.
John Romita JR @JrRomita
— GameStopNFT (@GameStopNFT)
4:55 PM • Sep 2, 2022
GameStopNFT is adding quite an array of art from various artists around the world.
Did you know?
Chewy's first official board meeting included two slides, a lot of laughter, and a trip to McDonald's for soft serve.
Ryan was so disciplined about using his time wisely that he only took 4 business trips during his entire time leading Chewy as CEO.
Larry Cheng, the first VC to invest in Ryan Cohen is still friends with Ryan and sits on the GameStop board of directors.
Are You Tired of the FUD?
The attempts are getting more desperate. We won't go into too many details but an all out smear campaign has been waged against Ryan Cohen. Here is a taste of what the media is telling uninformed investors:
This makes so little sense, it's difficult to even address it. It does, however, provide more confirmation bias that we're in the right and the end is near.
A little about Ryan Cohen for those who may not know, he's a multi-billionaire from creating a company from the ground up where he delighted customers. He has a squeaky clean record and lives a very private life. He has spoken numerous times about the ethics his father instilled in him and has made no secret that he despises the naked short sellers.
When all of this passes and the short sellers have to come correct, it's going to be epic!
Ryan Says
Ryan tweeted this back in February of 2021:
When you read the "Did you know" above, this gets very interesting. What deal might he have closed?
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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