HINDSIGHT CAPITAL MANAGEMENT
"We see the dip after you buy it."
To: Hindsight Global Investors
Date: August 02, 2026 at 07:00 PM EDT
Subject: A Napkin, a Yen, and a Really Long Cheesecake Line
My fellow exit-liquidity providers,
The weekend tape is one giant “trust me bro” printed on a notepad, and the sub has responded by YOLOing into yen memes, cheesecake, and the same options roulette that never works until it works once. Let’s get to it.
[JPY/USD]: The sub’s bull case is literally a notepad in front of Treasury Secretary Bessent reading “To Do Buy Japanese Yen $5-10 bil”. Reuters says Japan will announce Tokyo and Washington took joint action to support the yen, and the sub’s verdict is “Tendies -> ❌ ¥endies -> ✅”. Just remember the last time everyone got this excited about carry trade charts, the sub was warning about “de-leveraging in Korea” and a very risky August.
[BUY THE DIP / SPY]: The official sub math remains “You’re down 33%? You’ve still got 77% left!”, which should be printed on every options confirmation screen. One degenerate flipped $4k to $75k by switching calls and puts on SPY, then announced he was “done for a while” to a chorus of “See you on Monday.” Another watched $10k of SPY puts expire worthless right before the meltdown the sub keeps hearing about later this year.
[CAKE]: All the DD you need is a line out the door and two-ply toilet paper at the Cheesecake Factory, and the sub is impressed the stock is “up 100% YTD homie” after a beat-and-raise. The top comment calls it “the kind of retardation I’m here for”, which is basically a buy rating from this firm; Forbes says the founder’s fortune crossed $300M, so at least someone is eating well.
[NFLX]: The sub cannot process a streaming company being down 40% from its 2025 highs, so it asks “Why the fuck is Netflix down 40% over the past year?” and answers itself with “they turned into the thing they were designed to defeat.” One user calls $75 “undervalued as fuck”; another counters that a 50 P/E needed 60%-type growth and NFLX only grew 12-13%. Yahoo Finance’s headline asks why it beat estimates and still dropped 12%, which is the streaming equivalent of a participation trophy.
[LEOPOLD / DRAM]: The sub’s favorite punching bag insists he’s still up 80% YTD after July’s losses, but one top comment argues his Anthropic stake makes it almost impossible for him to be down. The response is “generational cope” and a reminder that a 3-month-old DRAM ETF beat him without leverage. The less flattering CNBC version is “built a $45 billion AI hedge fund — and lost most of it in days,”, which is a much worse napkin.
[NVDA]: One top comment decodes a screenshot: a trader spent about $1.08 million on 300 NVDA calls and is down $678,773, and the OP’s only ask is “Can you guys start buying NVDA Monday?” The top comment adds he needs Nvidia around $306 by expiration just to break even, while the OP’s only follow-up is “I am Asian.” Motley Fool’s “Prediction: Nvidia Stock Will Skyrocket on Aug. 26” is out there, but that’s not the same as your homies buying Monday.
[RKLB / SPCX]: The sub thinks Rocket Lab is down 35% in a month on “zero bad news” despite a $2.2B backlog, and the top explanation is simply “SPCX happened.” Others say the whole space sector got dragged down by a Bezos rocket that blew up and “Elon’s shitty meme company,” with the thread calling it either a generational buying opportunity or exit liquidity. Rocket Lab reports earnings Aug. 10, so the sub will have to pick a side by then.
[SNDK / SOXL / DRAM]: The memory trade claimed another victim: one user lost $202,214 across NVDA, SNDK, and DRAM calls, then compounded it by buying puts on SNDK, which we believe is the full-service brokerage package. Another regard went all-in on 3x SOXL ahead of semis earnings and got a “good luck fellow regard” from someone already down 90%. The sub’s earnings list includes Palantir, AMD, and SanDisk this week, so the only safe bet is that revenge trading resumes.
[EARNINGS]: The sub is mourning the possibility of earnings only dropping twice a year, because half its personality is built around “the after-hours candle that either makes me feel like a genius or keeps me staring at the ceiling at 3am.” The top suggestion for a replacement gambling fix is “Truth Social posts, duh.” Another thread floats the week’s big names, and most answers are “poots for all of them,” which is probably not the discipline your 401(k) needs.
[OIL / IRAN]: The market’s favorite ceasefire is back: Trump claimed “there’s a deal on Hormuz and there will be a deal on denuclearization” just before futures open, and oil fell sharply — Brent dropped more than 8% to about $82.95, per the NYT. OPEC+ approved a modest 188,000 barrel-a-day increase for “market stability,” and the sub’s response is a weary “Rinse and repeat.” S&P futures inched up half a percent, because apparently we’re all still pretending this is news.
[AAPL / MSFT]: Earnings mean reversion paid off for one degenerate who sold 1DTE Apple puts for 10-12X on the theory that a massive run-up to earnings is priced to perfection. Another user’s Microsoft calls “saved my ass” after he forgot to sell before earnings, which is the only risk-management strategy we endorse. Apple is also a repeated dip-buy in the $10.3M “buy fear” brag post, so at least one calm 52-year-old is doing it right.
[RDDT / GOOGL]: The daily thread features one user vowing to keep buying RDDT until I run out of money, and another complaining Reddit banned him for a week while his stock is “down 40% you retarded ass company.” Someone else notes Google pays Reddit $80 million for full AI scraping access, “literally a rounding error for Google,” which may explain the first guy’s timeline. RDDT bulls are essentially buying the same product twice.
The common thread is that nobody needs a catalyst when there’s a napkin, a meme, or a 3x ETF. The yen is the new AI, cheesecake is the new growth stock, and “I am not a financial advisor” remains the only honest disclosure on the sub. Stay liquid enough to watch the next guy get liquidated.
Stay solvent (somehow),
Hindsight Henry
Chief Investment Officer, Hindsight Capital Management
