We uncover Big Shorts & track Meme Stocks. Impressum: https://nitter.cf/t.co/dfZeLDCtvL Posts are not investment advice.
Joined March 2018
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Our H1 activist shorts report is out:
- Targets -12% on avg
- Congrats to:
@FugaziResearch @Pelicanwayre @WhiteResearch
breakoutpoint.com/blog/2026/…
$BMM now down ~30% since Aug report by Viceroy
At fresh multi-month lows today
𝗕𝗹𝘂𝗲 𝗠𝗼𝗼𝗻 𝗠𝗲𝘁𝗮𝗹𝘀 - 𝗙𝗹𝗮𝗴𝘀𝗵𝗶𝗽 𝘁𝗼 𝗙𝗶𝗿𝗲𝘀𝗮𝗹𝗲
$BMM announces it is selling Blue Moon Norway to ACG for $220m shares. BMM spent months bragging to shareholders that Nussir was the company's flagship...
Now, they're throwing it overboard in exchange for confetti 1/
$ZENA new all-time low today
Down ~55% since August report by @WhiteResearch
$SGML down ~65% since @blueorcainvest report in Feb
Sigma Lithium Previews 3Q 26 Earnings: Executed Turnaround Extending Debt Maturity, Robust 32% Gross Margins, Low CIF Costs of US$518/t $SGML tinyurl.com/2dg5selq
$SVRN about -40% currently
"SVRN Receives Expected Nasdaq Delisting Determination"
$SVRN's headline is "NEAR treasury." It's a former shipping company (OceanPal) reverse split 100,000 to 1 since 2022, now wrapped around one token.
It "raised" $120M in October, but only $13.7M was cash. The NEAR Foundation paid $100M in its own tokens, and $10.5M in cash plus $4.5M in stock went to the old controllers for handing over control.
Before that, an $18M offering turned into 149M new shares in 20 days... ZERO cash received.
The FY2025 audit is still unfinished, and Nasdaq's deadline to file is October 27... a reverse split can't fix that one.
Fugazi Research considers $SVRN uninvestable at any price above ZERO.
Click for our full report ⬇️
fugaziresearch.com/p/svrn-10…
Breakout Point retweeted
$XMAX falls off a cliff...
We are short $XMAX (which changed its ticker from $XWIN on Monday). We believe it's a Malaysian hustle peddling a furniture-to-AI fantasy to fund one of the most dilutive setups we have ever seen, including a $1 billion shelf (made effective May 12th 2026) for this ~$520m mkt cap. Our on-the-ground due diligence indicates $XMAX fabricated purchase orders of stone slabs to avoid delisting in October ’24. Our investigation reveals the suppliers' listed addresses include a preschool, a residential apartment complex, and a luxury condo building.
We also discovered numerous other red flags: a history of allegations of fraud (settled), glaring contradictions in its filings (unresolved), an (unrequited) AI deal with $SUPX, and a CEO whose bio does not appear to be accurate.
Amazing year for activist short-sellers
The top 20 short calls are down >70%
Here are the top 10:
(a lot of @FugaziResearch)
Post-Citron era, spotted in a new short report:
"The disclaimer below is the most important part of this post - read it."
Disclosed short interest at ATHs highs in two French names:
Aéroports de Paris, and Gecina, a REIT that owns central Paris
If you want out of Paris, those are the two ways out?
$ARLO down as much as 7% after the open
We are short $ARLO. We believe its 20% SaaS growth is illusory, built on bundle accounting games, a bogus churn rate and a $50m acquisition it barely disclosed. Its CFO ran an almost identical playbook at his previous company which later collapsed. Insiders are selling at pace.
A great year for Fugazi, with six of its short calls ranking among the ten best-performing shorts of 2026.
@FugaziResearch has only ~1500 followers
From breakoutpoint.com database:
(Past performance is not indicative of future results)
