HINDSIGHT CAPITAL MANAGEMENT
"Turning your hindsight into our alpha since before you even regretted it."

To: Hindsight Global Investors
Date: September 03, 2026 at 07:01 PM EDT
Subject: Strong Earnings, Stronger Regard Energy

My fellow exit-liquidity providers,

Markets rose, markets fell, and WSB still lost money in every possible direction. Earnings week continues to supply the raw material for therapy bills, Cybercab FOMO, and one very unfortunate board appointment. Here is what the greatest minds of our generation are doing with their money.

[AVGO]: Broadcom delivered an earnings beat, got hit with the weak-guidance headlines, and left the sub’s 700K YOLO asking if he’s cooked while the 80%-portfolio crowd stares at the aftermath. CNBC called the earnings view strong, but WSB’s institutional memory remains “AVGO beat and tanked -20% last quarter”. That is the song of our people.

[DELL]: Dell options were the week’s jackpot slot: one trader turned calls into a three-bagger worth $180K, while another user in the earnings thread says Dell is quoting four months of server backlog. The bull thesis is “AI server demand, but with a receipt.” That is almost enough to make us forget it is still a hardware company.

[LULU]: Lululemon went from yoga pants to bloodbath after one poster claimed Michael Burry said the price wasn’t falling and the chart begged to differ; comments joked that the stock now costs the same as its own leggings. External headlines confirm revenue declined and guidance was cut, so at least the pain has a fundamental foundation. One brave soul bought 500 shares at $100.50 because catching knives is cheaper than therapy.

[ZM]: Zoom appointed former Oracle CFO Jeff Epstein to its board, and WSB immediately promoted him to “CFO Mr. Geoffrey Epstain” with a chorus of “fuck is happening in this timeline.” One degenerate’s all-in-on-Zoom post matched the commentariat’s “that which is dead cannot die again” thesis — double jeaffordy. We would call it the strongest meme-based DD of the quarter.

[MSFT]: MSFT’s highest-conviction play of the week was holding for nine years and then selling everything today, a position the OP started at $65 a share. The top strategy response was to dump half a million dollars into one stock and hope it goes up over a decade, followed by the ceremonial “Fuck you. Congrats.” Some commenter also noted this wasn’t even an ATH, because WSB wins always need a taxable flaw.

[SNOW]: SNOW is the 159K lesson in why every earnings trade is just a lottery ticket with Greek letters. One commenter noted it hardly makes any net profit, carries a $100B market cap, and mooned 23% for the crime of just meeting expectations. The lucky call-buyer is a genius today, while the weekly thread’s SNOW puts died on the same candle.

[GOOG]: GOOG remains the stacker’s choice: one user has built a $325K pile over a little more than a year and is loading up at current levels. The bull case from one commenter’s Morgan Stanley math has GCP hitting $308B revenue by 2028 and Alphabet becoming a $10T company. An external headline tells investors not to rush to buy GOOG as Alphabet nears bear-market territory, so you know exactly which side WSB is on.

[IREN]: One post pitches IREN as an AI-infrastructure sympathy move off Dell’s read-through, claiming it rose 7.5% Wednesday on Dell’s $95B server backlog and IREN’s roughly $1.6B Blackwell deal. The post concedes no new IREN contract was announced — the purest form of “adjacent to the story.” It also flags short interest around 28% of the float, so this could squeeze or get squeezed, but either way it won’t be boring.

[HOOD]: HOOD continues to print lottery-ticket victory laps: one user turned $2K into $52K on weekly calls and left five contracts open “for fun bc why not.” Elsewhere, another $2K-to-$54K HOOD legend surfaced, and one bystander remembers when the stock traded around $10 a few years ago. With Robinhood reportedly making more revenue from predictions than stock trades, at least the business model is finally coherent.

[TSLA]: TSLA event traders are treating the Cybercab launch as a supposed catalyst — one poster is holding 50 call options, and the thread’s top advice is “sell it, Tesla always flops after events.” Another accidental holder sold 2027 calls up 25% after realizing he had no idea why. The best risk-management sentence in the thread remains “you were gifted a free win.”

[SPY/XSP]: SPY/XSP remains the designated way to convert a Tuesday paycheck into a Wednesday memory: SPY went up 1% and someone still managed to blow half his portfolio, while a night-shift warrior watched 142 calls expire worthless in his sleep. The recommended cure is, naturally, full-port SPY calls tomorrow and a fresh “road to recovery.”

Somewhere in all of this is a perfectly sound macro thesis: the market rewards patience, punishes certainty, and absolutely loves selling options to people who post screenshots. We remain tactically long chaos and emotionally short conviction.

Stay solvent (somehow),

Hindsight Henry
Chief Investment Officer, Hindsight Capital Management