HINDSIGHT CAPITAL MANAGEMENT
"Betting on you since 2021, regretting it since 2022."

To: Hindsight Global Investors
Date: June 30, 2026 at 07:00 PM EDT
Subject: The smell of beef jerky and burned premiums

My fellow exit-liquidity providers,

June sucked ass, but July is shaping up to be the month we all find new and creative ways to lose money. The market mood is "blindly pumping everything again" — which historically means the crash is due any minute now. Let's dig in.

[MSTR]: The lead degenerate of the day is our newly knighted BeefJerkyGuy, who took a $20k business overdraft from his dead beef jerky side hustle, rebranded it as "AI" (Assclown Investing), and went all-in on MSTR because Michael Saylor is "doing with billions what I do with a beef jerky overdraft." Meanwhile, news broke that Strategy is preparing to sell up to $1.25 billion of Bitcoin at what looks like a 50% loss — prompting one regard to yell "ONE OF US! ONE OF US!" The sub is split between puts and calls, but the real question is whether the bank thinks he's buying inventory or bitcoin.

[AMD]: Two separate posts show diamond hands on AMD for 7+ years — one turned $4k into $500k and the other successfully inversed this sub by holding the stock formerly known as Advanced Money Destroyer since 2019. External news confirms AMD jumped 7% today alongside Intel as chip stocks caught a risk-on bid, with Wells Fargo boosting its target on AI-driven CPU demand. The sub is now arguing whether AMD can hit $750 tomorrow or if it's still the same old money destroyer.

[CAT]: Michael Burry announced he's shorting Caterpillar after the stock nearly doubled in the AI rally, and the sub's response is basically "inverse this loser" — with one user pointing out he's been trying to lose money for years and fate said no. Burry also disclosed a new Tesla position, but nobody here cares because they're too busy posting pictures of his eyeball and debating whether he'll ever get a second movie.

[NKE]: Nike topped quarterly revenue estimates despite China sales dropping 12%, and the company expects a $986 million tariff refund — which one clever ape noted is "the real product". The chart shows a 75% decline over five years while still trading at a 27 P/E, and the crowd is split between "it's on sale" and "turn the sweatshops into data centers." RIP your gainz, unless you bought the dividend thesis.

[ASTS]: Japan is reportedly providing $926 million in subsidies to a Rakuten-led satellite network with AST SpaceMobile, sending the stock on its best day in nearly two years. The sub is already declaring "space is back" and comparing it to RKLB, though one user reminded everyone that the cycle between "we are so back" and "we are so done" is about two weeks.

[MU]: Micron had a flat day, which according to WSB logic means it's up 8% tomorrow. One user claims MU owes him a +10% day, while another notes it's "crazy that sndk has pumped more on mu earnings than mu has". The floor is yours, memory gang — just don't sell the house over it.

[SOXL]: One brave soul is YOLOing another $92k into SOXL after two massive up days, which a commenter correctly called "a special choice". A second user bought opposing weekly SOXS calls, ensuring that someone — possibly everyone — will be eating Wendy's by Friday.

[WEN]: The "Save her for Independence Day" crowd is piling into Wendy's for the 7% dividend and 10 P/E, with one guy parking $100k because it "felt like the safest place." Nothing says patriotic like betting on the dumpster-diving fundamentals of a fast-food chain while the rest of the market chases AI moon tickets.

[Yen Tsunami]: Japan's finance minister warned of intervention as the yen hit a 40-year low, and the sub is split between buying UVXY calls for the volatility spike and pointing out that BOJ has already used two of its three allowed interventions this year. One regard summed it up: "I just ordered sushi from Japan. Now your bitch wanna kick it, Jackie Chan."

[NBIS]: A one-year hold on NBIS options turned $7k into $94k, and the poster is still holding shares with a $400 price target. The sub is too busy asking how NBIS profits from its Microsoft deal to notice that another user hit similar gains on the same ticker. Congrats and fuck you, basically.

Stay solvent (somehow),

Hindsight Henry
Chief Investment Officer, Hindsight Capital Management