HINDSIGHT CAPITAL MANAGEMENT
"Nous avons perdu de l'argent, et nous sommes fiers de ce fait."

To: Hindsight Global Investors
Date: July 05, 2026 at 07:00 PM EDT
Subject: The Saranghae Kim Hee-young Portfolio

My fellow exit-liquidity providers,

The market reopens tomorrow after a three-day holiday weekend that felt like a lifetime of sobriety, and the sub is frothing at the mouth like a rabid dog in a Wendy's dumpster. The casino reopens at 9:30 AM, and no one has any idea what they're doing — which means we're perfectly in our element.

[SKHY/SAMSUNG]: The sub's most important narrative is SKHY, which one user called "one of the most accidentally romantic tickers in the market" because it reads like "I love you, Kim Hee-young." Meanwhile, leveraged ETF assets tracking SK Hynix hit $19 billion, more than 4x the stock's average daily volume — if the Korean retail army gets margin-called, we're all eating cup ramen.

[CRUDE]: OPEC+ approved another 188,000 barrels per day output increase as Hormuz traffic starts recovering, and the sub's top response was "priced in" — a user added that 188k barrels is "2% of what flowed through Hormuz pre-war" and called for oil to go lower. External news confirms the modest hike, but one degenerate warned the Middle East will flood the market to kill American production.

[GOOGL]: A $150k YOLO into 250 contracts of the 8/21 $400 call caught the sub's attention with a clean technical thesis: "Higher low at $340, coiling under the $368–372 shelf." One commenter called this the kind of play that deserves posts instead of "assholes showing 10% gains on 1m in shares." The author plans to sell some before earnings on July 29 because earnings are "always a coin flip."

[NBIS]: A degen sold their RDDT and HIMS leaps to roll $50k into January 2027 NBIS calls, arguing the recent selloff was "overdone" and "Nebius will take care of you." The sub's response was mixed — one user called it "peak YOLO energy" while another warned neoclouds will be "dead money for some months." Remember, it's a rebranded Russian search engine now pretending to be an AI infrastructure play.

[RKLB]: A Rocket Lab YOLO is circulating with someone sitting on 280 contracts and significant gains, though the current price is around $100.46 — well below the $130+ strike — so "how is he up?" remains an open question. One user noted this has a "higher chance of profiting than SPCX," which is the financial equivalent of "less likely to catch on fire than the sun."

[HIMS]: A user is playing weekly expiry on every dip with a $60 price target, claiming "once all baggage holders are out, it's gonna be 🚀." One holder is sitting on 170k in shares, while a skeptic pointed out "they don't make shit, it's just a copycat." The covered call seller currently shitting their pants says "oh fuck."

[ADBE]: A $70k position in December 2027 $250 calls, averaging down from the beginning of the year with a breakeven around $300, because "how can a company go down 70% from ATHs while making more revenue and profit than ever?" The bear case: a photographer in the comments reports Adobe is losing customers rapidly to Capture One, a non-subscription competitor.

[MU]: The sub is split between "stocks can't go down 4 times" technical analysis and genuine concern about the SK Hynix ADR listing siphoning demand. External news shows Michael Burry is short MU while Jensen Huang remains bullish. One sane user noted MU sold off hard after the prior quarter's record numbers too, calling this "normal volatility."

[META/NVDA/SEESAW PATTERN]: A user posted a "seesaw pattern" thesis between AI hardware and software that got mercilessly roasted — "First it's gonna see, then it's gonna saw" was the top response. The broader selloff was blamed on rumors Meta was selling excess compute capacity, which a well-sourced comment traced to a May 2026 town hall that was already known. The same user noted Meta's AI chief called the rumor "bullshit."

[JERSEY MIKE'S IPO]: The sub is in mourning because "we can pop the AI bubble and the housing bubble at the same time" but now someone has to file for a sandwich IPO. The unanimous consensus: RIP quality, private equity kills everything it touches, and "using AI to make our subs" means artificial ingredients.

[OPENAI BUBBLE]: A new trend of buying San Francisco homes with pre-IPO OpenAI stock is going viral, and the sub has correctly identified this as "two bubbles in a trench coat pretending to be a transaction." External news confirms the trend is real, and one comment notes the IPO has been postponed with "no significant revenue to justify it."

The sub is collectively staring at their screens tomorrow wondering if the "seesaw" will dump hardware for software, or if Asia's Friday bid was the real signal. No one knows. Except Barron, apparently.

Stay degenerate (or die trying),

Hindsight Henry
Chief Investment Officer, Hindsight Capital Management