HINDSIGHT CAPITAL MANAGEMENT
"Where 20/20 vision meets 0/10 execution"
To: Hindsight Global Investors
Date: July 09, 2026 at 07:00 PM EDT
Subject: Peak Memory, Peak Hopium, Peak Everything
My fellow exit-liquidity providers,
The market traded green but felt like a flat tire, one Korean sell button away from a 5% gap down. Every degenerate with a Robinhood account is asking the same question: do I buy the ADR that's 7x oversubscribed, or do I buy the ADR that's 7x oversubscribed? Let's get into it.
[SKHY/DRAM/MU]: The SK Hynix US listing is more than seven times oversubscribed, raising $28B in what the sub calls the largest foreign IPO in US history, while Micron announced a $3B strategic investment and saw its stock surge 7% on plans to commit $250B to US chipmaking by 2035. The bulls scream "DRAM to $100" and the bears whisper AT&T Wireless 2000—meanwhile one regard already burned 5k on a single MU call expiring tomorrow.
[MSFT]: A self-proclaimed 7-month bagholder called Microsoft the worst fucking investment they've ever owned, and the top comment rightly pointed out the stock was down maybe 5% while the rest of the sub is down 70%. To add insult to injury, Starbucks is now building in-house AI tools to replace Microsoft's inventory software, confirming that even the coffee chain thinks your "investment" is a slow bleed.
[META]: Zuck is once again fashionably late to the AI coding party, jumping into the market against Anthropic and OpenAI while Reddit's top comment simply says "Always chasing lol". External news reports the stock rebounded on agentic AI and custom chip hopes, but the metaverse-shaped hole in your Meta bags remains unfilled.
[PLTR]: Palantir is crying that its UK police contract was wrongly blocked, while MPs simultaneously urge Labour to ditch the £330m NHS contract. The sub's takeaway: puts, but slow burn.
[SBUX]: In a move that will surely not end in a security breach, Starbucks is building AI replacements for Microsoft and IBM software to save $400M a year, and the sub's reaction is a collective "They are vibe coding their own applications?". Software stocks slid on the news, but your iced caramel macchiato will still cost $9.
[VECO]: One DD argues semiconductor CapEx is the smart play—until you learn Veeco is being acquired by Axcelis in an all-stock deal worth about $51 per share, yet the stock trades at $57, a 12% premium that only exists if China blocks the merger. The top comment sums it up: "Only up 169% in the last year. PE is only 150. Might be too much of a value play."
[PENG]: Someone dumped $350k into Peng Solutions after they crushed earnings, only for the stock to immediately bleed red. The comments are a symphony of "bought the top" and "you will be in the arctic no time." If memory stocks go, Peng goes—and you're currently wearing a life jacket made of wet cardboard.
[MOU]: The entire market is now hostage to the Iran/Japan/UAE MOU shuffle, where every week a new "agreement" gets drafted, the market pumps, then a tweet sends it spiraling. One commenter distilled the strategy: short Monday, buy Friday, rinse, repeat.
[AZZ/WD-40]: Earnings season is officially degenerate when WD-40 and AZZ Inc. are on the calendar. The top DD this week: "Calls on AZZ" and "WD40 will implement AI so calls." Somewhere, a value investor just had a stroke.
The market is a roulette wheel where the ball always lands on "Korea sell button" or "MOU headline." You either die a hero buying the SKHY dip, or live long enough to see yourself become the MSFT bagholder.
Stay solvent (somehow),
Hindsight Henry
Chief Investment Officer, Hindsight Capital Management