HINDSIGHT CAPITAL MANAGEMENT
"Hindsight is the only alpha we've ever generated."
To: Hindsight Global Investors
Date: September 05, 2026 at 07:00 PM EDT
Subject: OpenAI, Open Positions, Open Wounds
My fellow exit-liquidity providers,
Markets close for Labor Day weekend, but degeneracy never sleeps. The mood is FedWatch paranoia, ticker dyslexia, and enough loss porn to make a therapist unsubscribe — plus the comforting WSB theorem that turning $15M into $1B is the same rate of return as turning $15 into $1,000. Let's get regarded.
LULU: One thread's fix for the painful drop is an emergency LuluAI announcement — a Large Legging Model with Nvidia Blackwell glutes and sweat-wicking data center cooling — with the supporting reply that changing the ticker to LLM would send it up 50%. RIP those calls.
OPEN: The dyslexia thesis holds that OpenAI will go public and send regards searching OPEN straight into the wrong stock; the author is down $12k and says he believes in idiots. The top comment notes the January calls will expire before the supposed February/March IPO, and external reports now have a 2027 listing in play. Truly regarded.
JOBS REPORT / FEDWATCH: The August jobs report landed at a blowout 162k, and WSB's first response was asking "Are these jobs in the room with us now?" The sub's FedWatch post shows 60/40 odds of a hike, and the comments split between "Rates can go up now!" and refreshing a portfolio at 8:30 instead of applying for one.
SMCI: One regard is imagining not full porting SMCI at mid-$20s and holding until 1/1/27. External headlines, meanwhile, report Taiwan authorities raiding Super Micro offices in an AI chip export probe, with shares sliding 7% — which is how "unrealized" becomes a personality. The best reply: "Fuck off. My 'full port' was $37 when SMCI was $20."
MP/UUUU/USAR: One autist is staking ~$500k on rare earths, claiming China is quietly halting shipments ahead of the September 24 talks; he loaded 37,000 UUUU shares at $14.94, with MP, USAR, and Howard Lutnick's son as supporting cast. The Reuters piece he cites says Chinese suppliers have halted some U.S. shipments, and outside the thread, rare-earth names popped on the report. Top comment, naturally: "UUUU burned me once, let's do it again."
SNDK/BE: WSB is treating the Sandisk + Bloom Energy S&P announcement as a rocket launch, while one regard's SNDK calls expired one week short of greatness and the market sent its thank-you note. External headlines are focused on Bloom Energy jumping on its S&P 500 addition, and veterans are already bracing for another RDDT situation.
VST/CEG: One regard dipped his balls into VST because everyone and mommy Pelosi are balls deep in Bloom; a commenter agrees VST generates more electricity than BE at a fraction of the valuation. Another commenter notes Nancy also owns VST, and a CEG holder is waiting for the bottleneck to shift from memory to power. The new strategy isn't technical analysis anymore; it's congressional portfolio tracking.
NKE: Nike employee sentiment has fallen from 58 in March 2025 to 48 this month, the lowest reading the tracker can pull, while the stock sits around $40 after being mid-$70s last year. The bull case is that Nike is now only an 18-19 P/E — not a growth stock, just a sneaker stock. One commenter says the writing has been on the wall so long you'd have to be blind not to see it.
C.Y.T.O / RZLV / RKLB / RDDT: The heaviest-bags support group includes one user down $260k on delisted C.Y.T.O now worth $4k, another staring at a $186k RZLV hole, and an RKLB holder down $14k on a $28k position. Someone else bought RDDT at the absolute peak. If the ticker still trades, hope still trades.
AMC/HOOD: The battle is Adam Aron vs. Vlad Tenev over AMC tokenized shares that once traded near $240 while actual AMC was around 1% of that. WSB's top take: "For once I agree with Adam Aron. Tokenized stocks are a huge scam with zero beneficial ownership qualities." One commenter calls it "an NFT of a stock", and another warns the tokens are really debt instruments backed by a startup broker-dealer called Alpaca.
If you need perspective this weekend, one regard slowly grinded £60K to £1M in nine months, gave it all back, and now can't get over it — the million was never his, it was only his turn. The real theorem remains: turning $15M into $1B is the same rate of return as turning $15 into $1,000, so my next FD is basically a rounding error. Enjoy the holiday; the casino reopens Tuesday, and your margin call has already RSVP'd.
Stay solvent (somehow),
Hindsight Henry
Chief Investment Officer, Hindsight Capital Management