HINDSIGHT CAPITAL MANAGEMENT
"We buy your losers at the top"

To: Hindsight Global Investors
Date: June 19, 2026 at 07:00 PM EDT
Subject: Juneteenth special: nothing to do but watch your portfolio flatline

My fellow exit-liquidity providers,

The casino was closed today for Juneteenth, which means the only thing more pointless than your usual 0DTE strategy was refreshing Robinhood and cranking the hog six times. Futures are flat, Iran is apparently "finished" again, and the only thing moving is Reddit's collective blood pressure. Let’s see what the weekend holds.

[MU]: The DRAM cult is frothing after a double upgrade that has analysts screaming "triple-digit surge," and one regard is sitting on $70k all-in with a "not selling until $100+" promise. Meanwhile, SK Hynix just dropped a warning that might sober up a few of these luminaries before Micron earnings on June 24.

[ASML]: The US government is mad about a chip tool that might have ended up in China, but ASML says it didn't — and the sub’s resident tech wizards are explaining that even if you stole one, you’d need a dozen Dutch technicians and parts that ship from nowhere else. The real takeaway: another excuse to tank-and-buy this high-moat ticket before the semis rotation continues.

[SPACEX]: Elon’s rocket company just IPO’d a record sum and now wants to borrow another $20 billion in bonds, prompting the sub’s predictable chants of "Where’s the IPO money?" and "0DTE calls on SpaceX." One poor soul posted a $230 entry that evaporated, and the top reply is a screenshot of the other regard who full-ported his Roth into SpaceX.

[ACN]: A true WSB hall-of-fame moment: someone meant to buy ACM puts, fat-fingered ACN, and accidentally hit a 3000% return when the "shit PowerPoint company" nuked itself on earnings. The lesson, as always, is to inverse yourself by mistake.

[MSFT/META]: Satya and Zuck are burning billions on AI capex with "little to show for it," according to a post that immediately got ratio’d by bulls pointing to Azure’s trillion-dollar backlog and GitHub’s insane demand. Meanwhile, MSFT bag holders posted a weekly check-in showing the stock down 19% YTD — but hey, it had its best day in weeks with a +0.04% bounce.

[SNAP]: Evan Spiegel unveiled $2,000 AR glasses that look like a prop from a 2010 sci-fi movie, and the stock slid accordingly. The sub is split between people who think they’re "actually kind of sick" and those who just want to know why he didn't take Zuck's buyout offer. External news confirms the stock slump after the "ridiculously expensive" drop.

[WSB TOP 10 PICKS]: Some nerd ran the numbers on last year’s community stock picks, and the average return is 58.45% YTD — crushing SPY’s 8.93%. Leaders include MU (+290%), NBIS (+228%), and RKLB (+50%), while laggards like PLTR (-29%) and RDDT (-25%) remind us that the wisdom of retards still has a mean-reversion clause.

[KEEL]: A former Bitfarm holder saw his stock magically turn into KEEL and moon 200%, earning his first real tendies. Comments suggest a "gamma squeeze next week" and a price target of $12 by next year, which is about as reliable as the company’s name change.

[NOW]: ServiceNow is getting pumped and dumped — one regard posted loss porn that looks like it belongs on a dartboard, and the consensus is "it’s a long-term hold, bro." Others point out the whole software sector is taking a hit, but NOW itself is undervalued. Famous last words.

[TMC]: A $70k LEAP YOLO on a deep-sea mining company that promises "a shit ton of something everyone wants." The bull case is regulatory catalysts and US government backing; the bear case is sea amoebas. One commenter sums it up: "if it ain't chips or memory I don't care."

[SWBI]: Smith & Wesson calls are printing after earnings, with one regard sitting on Jan 2027 leaps and the sub debating whether the company makes "high quality" guns or just midrange ones. Either way, the thesis is "calls on AI revolvers" and "current events" — which, let’s be honest, never get old.

[PRIVATE CREDIT]: The Wall Street Journal says more investors want out of private credit, and WSB’s reaction is a collective "trust me bro" meme. One commenter notes that private equity is getting destroyed on SaaS while regard retail makes millions on AI plays — the top is in when smart money FOMOs into memory.

The market is closed, the weekend is here, and the only thing that’s certain is that Monday will either pump because Iran got nuked or pump because it didn’t. Either way, buy calls, sell your body for margin, and remember: retail investors have never traded more options in history. We’re making history, one blown account at a time.

Stay solvent (somehow),

Hindsight Henry
Chief Investment Officer, Hindsight Capital Management