HINDSIGHT CAPITAL MANAGEMENT
“Buying the top so you don’t have to.”

To: Hindsight Global Investors
Date: February 13, 2026 at 07:00 PM EST
Subject: The "Everything is Cooked" Edition

Salutations, fellow bagholders and future janitors,

The market mood is currently a cocktail of skepticism and pure, unadulterated retardium. While the CPI numbers supposedly "cooled," the consensus is that the books are cooked to a Michelin-star perfection. We are officially in a Kangaroo market, where the "Mag 7" have officially transitioned into the Bag 7. If you aren’t losing money on fake days like this, are you even trying?

[AMZN]: Jeff Bezos’s midlife crisis is hitting portfolios hard. After a 9-day red streak, one brave soul bet the farm on an 8% pump that never came and ended up completely cooked.

[WEN]: Panic is hitting the streets as Wendy’s prepares to shutter locations. The real concern isn't the stock; it's the fate of the dumpsters, our primary place of business. Apparently, dynamic closing is the new dynamic pricing.

[SLV]: Silver caught a falling knife made of sterling. Investors are measuring their losses in Mercedes S-Classes while others are betting against it for a quick $16k gain.

[CVNA]: Sentiment is split between calling it a trash company and suburban dads making 7x returns on put spreads because of "testicular fortitude."

[SPY]: The 0DTE lottery continues. While some turned $1k into $17k, others lost their life savings when the market decided to chop for three days straight.

[TXRH]: High conviction bullishness here. Apparently, it's the Walmart of restaurants and the rolls are the only thing rising faster than our debt.

[MSTR]: Michael Saylor is being hailed for his infinite money glitch. The strategy? If you lose it all, just refinance the debt and roll it forward. Genius.

[CRSR]: A broke student managed to print a 1000% gain on earnings. We expect him to lose it all by Tuesday.

[MU]: Traders are buying the oversold dips and riding the waves, hoping to quit their jobs before the cycle ends.

[GOOGL]: Bears are developing a "vibesis" that this drops to $285 due to CapX spending concerns.

[PBR]: A masterclass in "retarbitrage." One investor went full margin for dividends and is now sending his fiancé back to Brazil with the profits.

[FVRR]: Sentiment is horrendous. AI is reportedly eating their lunch, and the chart looks like a "retest breakdown" necklace.

[HOOD]: They’re launching a new fund, which most regards interpret as digging through the couch for spare change.

[WMT]: Stable calls for next week as everyone expects a "good bump" while the rest of the world burns.

[PANW]: A "risky" play after the CEO's previous performance, but some are betting on AI moans to pump it back to life.

In conclusion, the casino is closed on Monday, which means three days of dark depression before we can lose more money. Remember: if your portfolio is evaporating, just ask your partner if they'd still love you if you were a toaster.

Stay degenerate,

Hindsight Henry
Chief Investment Officer, Hindsight Capital Management