By skyforbes But here's the thing – while we were getting margin called, the people actually running this company have been not so quietly sprinting for the exits.
CEO Ernest Garcia III sells 10,000 shares EVERY. SINGLE. DAY. $3-4M daily like clockwork.
His scam daddy dumped $185M in ONE WEEK in August. 100k shares per day, five days straight.
Just the last 2 weeks of December:
- Chief Product Officer: $35M
- COO: $21M
- CFO: $4.8M
- Chief Brand Officer: $7.8M
Total insider sales last 6 months: $500M+
Insider purchases last 2 years: $0.00
"BuT tHe S&P 500 iNcLuSiOn"
Yeah, about that. Index funds MUST buy before Dec 22. That's the forced buying you've been seeing. After that? It's done. No more passive flows propping this up.
Remember Tesla's S&P add in Dec 2020? Pumped to $900 on inclusion, then bled out 70% over the next two years.
The Garcias aren't stupid. They're dumping into the last wave of forced buyers while retail thinks inclusion = bullish.
While the Garcias dump, like magic every analyst on the Street finds bullish conviction at $450+ almost like someone's paying for a liquid exit, but that would be illegal so surely not.
Position: Jan 2027 $180P/$80P spreads
Third time's the charm 🤡🐻