CACC maintains its fair value at $714. Critics have been asking if Credit Acceptance will become the next goeasy. Their thinking is completely backwards. Goeasy has just given us the best evidence yet of why CACC is the only non-prime lender worth holding. Awaiting the 8-K filing to reveal Goeasy's settlement: $330 million in quarterly write-offs, emergency restructuring, and a collapsed merchant pipeline—this is what a non-prime lender looks like without CACC's dealer-first structure, 30-year-old collection system, and pooled loss pricing mechanism built from the beginning. CACC doesn't chase volume, nor does it need to. While goeasy was busy expanding into the power sports dealer space, CACC quietly did what it had been doing in every credit cycle since 1972: collecting loans and buying back inventory.

Yesterday, Citron released a full report on its website, valuing $CACC at $714. But who likes reading reports like that these days? Citrini publishes speculative reports, while Citron publishes facts. Consider this: Short positions in $CACC represent approximately 19% of the outstanding shares. But if you exclude investors who have held them for a decade without ever selling, and the impact of events like the New York Attorney General's Office (NYAG), the Consumer Financial Protection Bureau (CFPB), and the COVID-19 pandemic, the actual short positions in the tradable shares exceed 30%. Security spreads are at their lowest in history. Price-to-earnings ratios are at their lowest in years. Same business. One of these markets is definitely in trouble. But it's certainly not the bond market! February 13, 2026—The cases involving the New York Attorney General's Office and the CFPB are resolved simultaneously. The three-year-long discount that suppressed price-to-earnings ratios is gone. But the market hasn't noticed yet. Since 2011, 61% of the outstanding shares have been delisted. In 2025 alone, 12.6% were delisted. At this rate of buybacks, the returns are almost staggering. The new CEO focuses on technology and possesses 30 years of loan-grade data. Deployment speed has increased by 70%. Dealer approval time is less than 2 seconds. The market's current pricing of lending institutions should be priced towards the platform. Loans maturing in 2021 dragged down profitability. These loans are disappearing from the books in real time. Profit recovery is not a prediction, but rather published data. The P/E ratio is 13. Historical data shows that P/E ratios are typically between 18 and 20. This difference is the core of the entire investment logic.

$CACC Recognizes the Changing Landscape! Citron has changed its view on $CACC. Based on historical price-to-earnings ratios, its fair value is $714. Citron has decades of publishing experience. Its first major turnaround dates back over 20 years to MySpace, followed by similar successes with Tesla and Nvidia. After re-evaluating its credit acceptance, and with key regulatory issues gradually being resolved, this company, once considered a short-term play, now demonstrates strong long-term growth potential. The data doesn't lie. The full report is below. Please read it.

Citron Shorts $SNDK—They Won't Ring the Bell at the Peak We don't need Anthropic to announce they're producing NAND flash memory. Samsung is already an industry giant, and they've been in this space for 30 years. While TV commentators were banging their fists on the table and shoving retail investors into trucks, long-term investor Western Digital sold off a significant portion of its holdings days earlier, with a 25% drop. Think about why. Because they know the cycle is about to peak, and they won't sit idly by and wait for the bell to ring. The market is pricing SanDisk like it is priced for $NVDA. But the problem is: Nvidia has a moat. SanDisk is selling a commodity. We've seen similar situations in 2008, 2012, and 2018. This time won't be any different. Memory is a cycle, and cycles eventually peak. Samsung has chosen market share over profit margins for 30 years. They were waiting for pure SSD companies like SanDisk to settle for 50% gross margins before making their move. But this time, things are worse. All investors bullish on $SNDK should read this: Samsung just announced they won't sell any products with gross margins below 50% and are pushing their best chips into the high-end SSD market that SanDisk relies on. They're no longer just a capacity giant. They're stealing SanDisk's premium customers with cheaper, newer technology. And what's the only reason for the current supply shortage? Temporary yield issues on another Samsung product line. This bottleneck will eventually pass. With production capacity already double that of 2018 peaks, this so-called "shortage" is nothing but a supply mirage, likely to vanish in a single earnings call. To put it another way: shorting $SNDK is like skating towards the finish line of a hockey game. When the market cycle returns to normal, the stock price will fall even lower.

$1 #cryinghorse #MEME

$APP went up in price just six weeks ago!!! Excellent short positions made up for its radio-friendly appearance.

What changes will occur after Infleqtion ($CCCX $RGTI $IONQ $QBTS) is renamed, merged, and its analyst coverage is increased? Today, Claude was asked: "If you knew nothing about the current market capitalization and stock price of these four quantum computing companies, and could only evaluate them based on their technology, contracts, teams, revenue, and competitive position, how would you rank them from most valuable to least valuable: Rigetti, IonQ, D-Wave, and Infleqtion?" Answer: 1. Infleqtion—DARPA-verified, supports multimodal quantum computing, has real defense revenue, collaborates with NVIDIA, holds over 230 patents, and has the strongest competitive advantage. 2. IonQ—possesses legitimate ion trap technology, collaborates with cloud platforms, has the highest quantum gate fidelity, and a clear and reliable roadmap. 3. D-Wave—a pioneer in quantum annealing, with annual revenue of approximately $24 million, but its approach is relatively niche and difficult to scale to general-purpose quantum computing. 4. Rigetti—superconducting qubit technology, competing with Google and IBM with far fewer resources, and has the weakest market position among the four companies. However, their current market capitalization is as follows:

Predicting the peak of the software industry is no easy feat, but each cycle yields some readily available results. Eight months ago, analysts who encouraged investors to buy $DUOL and gave it a $500 price target are now accusing me of aggressively attacking short selling and even using the government lawsuit against me to attack me, instead of seriously analyzing the data. Don't blame it on "AI disruption" or terminal value resets. This isn't bad luck; it's lazy analysis and a complete lack of responsibility…you know who I'm talking about.

Today is redemption day. The redemption deadline for $CCCX is 5:00 PM ET. Any redeemer will be giving up what is arguably the most fundamentally sound quantum company on the public market. The merger vote will be held on February 12th. The transaction is expected to close shortly thereafter, followed by a listing on the New York Stock Exchange in mid-to-late February under the ticker symbol $INFQ. Neutral atoms, real government contracts, sensing technology, and actual revenue—not just qubits on a PowerPoint presentation. Volatility is expected. SPACs always fluctuate before and after redemption/transaction completion. That's the game. I will hold the stock and warrants until the transaction is complete.

Which software platform has a market value of $300 billion, has been in development for ten years, has no major clients, has active transactions, but has lower revenue than a mid-sized SaaS company?