# ![@ErickQuay Avatar](https://lunarcrush.com/gi/w:26/cr:twitter::1397007894390968321.png) @ErickQuay Erick Quay

Erick Quay posts on X about $amzn, $lulu, ai, $fig the most. They currently have [---] followers and [---] posts still getting attention that total [-----] engagements in the last [--] hours.

### Engagements: [-----] [#](/creator/twitter::1397007894390968321/interactions)
![Engagements Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1397007894390968321/c:line/m:interactions.svg)

- [--] Week [-----] -75%
- [--] Month [------] +153%
- [--] Months [-------] +55,278%

### Mentions: [--] [#](/creator/twitter::1397007894390968321/posts_active)
![Mentions Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1397007894390968321/c:line/m:posts_active.svg)

- [--] Week [--] -9.60%
- [--] Month [---] +30%
- [--] Months [---] +54,300%

### Followers: [---] [#](/creator/twitter::1397007894390968321/followers)
![Followers Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1397007894390968321/c:line/m:followers.svg)

- [--] Week [---] +4%
- [--] Month [---] +31%

### CreatorRank: [---------] [#](/creator/twitter::1397007894390968321/influencer_rank)
![CreatorRank Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1397007894390968321/c:line/m:influencer_rank.svg)

### Social Influence

**Social category influence**
[stocks](/list/stocks)  82% [technology brands](/list/technology-brands)  35% [finance](/list/finance)  31% [fashion brands](/list/fashion-brands)  17% [cryptocurrencies](/list/cryptocurrencies)  6% [automotive brands](/list/automotive-brands)  5% [countries](/list/countries)  3% [currencies](/list/currencies)  3% [exchanges](/list/exchanges)  3% [vc firms](/list/vc-firms)  2%

**Social topic influence**
[$amzn](/topic/$amzn) #863, [$lulu](/topic/$lulu) #325, [ai](/topic/ai) 16%, [$fig](/topic/$fig) 12%, [$googl](/topic/$googl) 9%, [$stub](/topic/$stub) #5, [market](/topic/market) #1615, [amzn](/topic/amzn) #734, [in the](/topic/in-the) 6%, [growth](/topic/growth) #630

**Top accounts mentioned or mentioned by**
[@sixerrrrrrr](/creator/undefined) [@mattjmcclintock](/creator/undefined) [@hugocesar87](/creator/undefined) [@michaeljburry](/creator/undefined) [@stubhubs](/creator/undefined) [@jefffluhr](/creator/undefined) [@liv](/creator/undefined) [@pgatour](/creator/undefined) [@nfl](/creator/undefined) [@ryanqualtrics](/creator/undefined) [@zserafin](/creator/undefined) [@qualtrics](/creator/undefined) [@cppinvestments](/creator/undefined) [@cnbc](/creator/undefined) [@canva](/creator/undefined) [@figma](/creator/undefined) [@munstergene](/creator/undefined) [@marcelolima](/creator/undefined) [@qualityinvest5](/creator/undefined) [@stockmktnewz](/creator/undefined)

**Top assets mentioned**
[Amazon.com, Inc. (AMZN)](/topic/$amzn) [Lululemon Athletica Inc (LULU)](/topic/$lulu) [Figma, Inc. (FIG)](/topic/$fig) [Alphabet Inc Class A (GOOGL)](/topic/$googl) [StubHub Holdings, Inc. (STUB)](/topic/$stub) [NVIDIA Corp. (NVDA)](/topic/$nvda) [Walmart, Inc. (WMT)](/topic/$wmt) [Microsoft Corp. (MSFT)](/topic/$msft) [SPDR S&P [---] ETF Trust (SPY)](/topic/$spy) [Electronic Arts Inc. (EA)](/topic/$ea) [Strategy (MSTR)](/topic/$mstr) [Oracle Corporation (ORCL)](/topic/$orcl) [Metadium (META)](/topic/$meta) [Adobe, Inc. (ADBE)](/topic/$adbe) [Netflix Inc (NFLX)](/topic/$nflx) [Costco Hot Dog (COST)](/topic/$cost) [Take-Two Interactive Software, Inc. (TTWO)](/topic/$ttwo) [Unity Software Inc. (U)](/topic/$u) [Klarna Group plc (KLAR)](/topic/$klar) [American Express Company (AXP)](/topic/$axp) [Apple, Inc. (AAPL)](/topic/$aapl) [Broadcom, Inc. (AVGO)](/topic/$avgo) [Tesla, Inc. (TSLA)](/topic/$tsla)
### Top Social Posts
Top posts by engagements in the last [--] hours

"Today: Michael Burry floats $LULU as a potential acquisition target. @michaeljburry Nov [--] 2025: my LULU long report modeled a take-private scenario and cited Burrys position in the same paragraph. Sometimes the tape catches up. Highlights attached. Long #lululemon report here: https://www.eaquay.com/research/lululemon-athletica-nasdaq-lulu-undervalued-champion-poised-to-outperform https://www.eaquay.com/research/lululemon-athletica-nasdaq-lulu-undervalued-champion-poised-to-outperform"  
[X Link](https://x.com/anyuser/status/2018456905425805314)  2026-02-02T22:50Z [---] followers, [----] engagements


"1/2: Reading the tea leaves on $LULU pre-ICR comms 2025: explicit guide-up + margin improvement language. 2026: no range changejust toward the high end + U.S. action plan framing. With Street already $3.58B rev (near top of range) and $4.79 EPS (above range) the bar is higher than it looksespecially with a 7-day shorter Q4. If they execute thats real strength. Long #Lululemon https://twitter.com/i/web/status/2018554253204164913 https://twitter.com/i/web/status/2018554253204164913"  
[X Link](https://x.com/anyuser/status/2018554253204164913)  2026-02-03T05:16Z [---] followers, [----] engagements


"1/2: $STUB's own disclosures outline when it records revenue gross vs. net how ticket inventory is defined and why replacement costs can lag revenue recognition. The table below compiles select disclosures and what drives the accounting / why it matters"  
[X Link](https://x.com/ErickQuay/status/2001485572737728897)  2025-12-18T02:52Z [---] followers, [---] engagements


"It is intellectually inconsistent for the market to assign a 45x PE multiple to $WMT earnings while pricing $AMZN at 34x. If Amazons retail business were valued at parity with Walmarta reasonable assumption given Amazons superior logistics network and higher mix of third-party marketplace revenuethe implied value of the retail segment alone would support a massive portion of the current market cap. Long $AMZN; not financial advice https://twitter.com/i/web/status/2019264727784837612 https://twitter.com/i/web/status/2019264727784837612"  
[X Link](https://x.com/anyuser/status/2019264727784837612)  2026-02-05T04:20Z [---] followers, [----] engagements


"$STUB finally hit our entry target for a small short position -- opened today at $16. On a squeeze to $20 we'll add meaningful size. More to follow. Short $STUB; not financial advice"  
[X Link](https://x.com/ErickQuay/status/2012249812637229531)  2026-01-16T19:45Z [---] followers, [---] engagements


"Citi initiates $STUB at Sell with a $13 PT citing: (1) Recent share gains driven by elevated marketing spend (e.g. potentially circular Chase Reserve $150/biannual credit) (2) Rising regulatory risk (US/UK) that could cap secondary-market markups (3) FTC scrutiny of $LYV potentially constraining primary ticket access (4) Street overestimating the size of StubHubs direct issuance opportunity Were short #StubHub; not financial advice. https://twitter.com/i/web/status/2013936600208535571 https://twitter.com/i/web/status/2013936600208535571"  
[X Link](https://x.com/ErickQuay/status/2013936600208535571)  2026-01-21T11:27Z [---] followers, [---] engagements


"(REPOST): $STUB didnt just downplay governance in its S-1 it rewrote its origin story. The IPO filing repeatedly credits Eric Baker as sole founder and never mentions co-founder / former CEO Jeff Fluhr despite the broad public record describing a two-founder story. Why it matters: if management is willing to sanitize basic well-documented history at IPO investors should assume the same selective disclosure instinct shows up elsewhere. We're (finally) short STUB after months of waiting on the sidelines. Not financial advice. 3/4: StubHub $STUB didnt just downplay governance in its S-1: it"  
[X Link](https://x.com/ErickQuay/status/2014041287402406238)  2026-01-21T18:23Z [---] followers, [---] engagements


"Activist Short Report published on $STUB: growth optics vs. governance reality. Sole-founder rewrite related-party dealings (Andro) guidance pull post-IPO and a growing litigation/reg docketall under super-voting control. Full report: https://www.eaquay.com/research/stubhub-nyse-stub-growth-optics-governance-gaps-and-the-cost-of-trust https://www.eaquay.com/research/stubhub-nyse-stub-growth-optics-governance-gaps-and-the-cost-of-trust"  
[X Link](https://x.com/ErickQuay/status/2014459755738149332)  2026-01-22T22:06Z [---] followers, [----] engagements


"Another data point supporting the short $STUB thesis 👇 Employee sentiment at #StubHub is deeply negative: - 2.4★ Glassdoor rating - Only 21% would recommend to a friend - 22% CEO approval Culture leadership and morale matterespecially in marketplaces built on trust. My full short report is pinned on my profile. https://twitter.com/i/web/status/2014710684479566253 https://twitter.com/i/web/status/2014710684479566253"  
[X Link](https://x.com/ErickQuay/status/2014710684479566253)  2026-01-23T14:43Z [---] followers, [---] engagements


"Jan [--] Senate hearing puts ticketing squarely in lawmakers crosshairs. Bots opaque fees resale abuses bipartisan frustration is rising. For secondary marketplaces like $STUB this is not noise: its mounting regulatory risk to take rates growth optics and business model durability. Short remains intact even if Super Bowl resale market blowing out comps. https://twitter.com/i/web/status/2016898996640293290 https://twitter.com/i/web/status/2016898996640293290"  
[X Link](https://x.com/ErickQuay/status/2016898996640293290)  2026-01-29T15:39Z [---] followers, [---] engagements


"Our high-conviction book is doing exactly what its supposed to do today. SHORTS $STUB 4.5% $FIG 5.7% LONGS $AMZN 1.9% $LULU 3.7% All four cooperating. Intraday tape confirming the thesis. Follow for real long/short ideas"  
[X Link](https://x.com/ErickQuay/status/2018404822119059947)  2026-02-02T19:23Z [---] followers, [---] engagements


"$LULU Q4 Other Channels revenue expectations: Street mean = $272M but Street median = $311M. Last year Q4 Other Channels was $291M. This year the bucket should benefit from net new NFL + expanded NHL merch programs (league-site sales flow through Other Channels; LULU app sales are in E-comm). For our Q4 revenue build were using the median not the meanthe median better captures these tailwinds. https://twitter.com/i/web/status/2018556770428363106 https://twitter.com/i/web/status/2018556770428363106"  
[X Link](https://x.com/anyuser/status/2018556770428363106)  2026-02-03T05:26Z [---] followers, [---] engagements


"What about Rule of [--] companies at a 44x PE Look at what happened to $WMT: massive PE expansion that lines up with the Jan [--] NDX add (entered #11 at 3% weight). With $600B+ tracking NDX thats roughly $1819B of forced buying. WMT only trades $4B/day that kind of mechanical demand can keep the tape grinding higher for weeks. I think this ends Feb 19: if they print 67% rev growth and 4% op margins the math breaks. You cant pay 44x for a Rule of [--] business once the flow fades. Others like COST might follow. WMT and COST are great businesses but just not at good prices (for now)."  
[X Link](https://x.com/ErickQuay/status/2020000481880244560)  2026-02-07T05:03Z [---] followers, [---] engagements


"We did this research on $MSTR in the fall and our model indicates it should open between $110-125 Monday. Not financial advice BREAKING: MicroStrategy's $MSTR Bitcoin position worth over $54 billion is now just 3% away from turning red. BREAKING: MicroStrategy's $MSTR Bitcoin position worth over $54 billion is now just 3% away from turning red"  
[X Link](https://x.com/ErickQuay/status/2017655880859160942)  2026-01-31T17:47Z [---] followers, [----] engagements


"5yr view of 1yr fwd P/E (GBF est) for $AMZN vs $WMT vs $COST. Bottom panel: $AMZN/$WMT and $AMZN/$COST valuation ratios are at (or near) 5-year lows. Translation: $AMZN has never been cheaper vs these defensive retail comps in this window. Long $AMZN; not financial advice"  
[X Link](https://x.com/anyuser/status/2018507534861013259)  2026-02-03T02:11Z [---] followers, [---] engagements


"2/2: Reminder: after the [----] pre-ICR update (rev guide $3.56$3.58B EPS $5.81$5.85) $LULU ultimately printed $3611M revenue and $6.14 EPS i.e. they beat the pre-ICR messaging by a wide margin. Not saying it repeats but history says these pre-ICR updates can be more floor-setting than ceiling-setting. Last year's: This year's: https://corporate.lululemon.com/media/press-releases/2026/01-12-2026-113012292 https://corporate.lululemon.com/media/press-releases/2025/01-13-2025-113025520 https://corporate.lululemon.com/media/press-releases/2026/01-12-2026-113012292"  
[X Link](https://x.com/anyuser/status/2018554255179726866)  2026-02-03T05:16Z [---] followers, [---] engagements


"Putting numbers behind the traffic inflection: Im modeling $LULU Q426 E-comm revenue = $2.016B vs BBG Street mean = $1.865B (Street high = $1.95B). Method (simple + conservative): Start with last years Q4 e-comm revenue Adjust for the shorter quarter: 91/98 days Then apply +20% YoY growth (well below the +2541% YoY web-traffic signal) Net: even with a haircut for days + conversion/AOV noise I still land above the top end of Street. Long #Lululemon; conduct your own DD. https://twitter.com/i/web/status/2018555150919438642 https://twitter.com/i/web/status/2018555150919438642"  
[X Link](https://x.com/anyuser/status/2018555150919438642)  2026-02-03T05:20Z [---] followers, [----] engagements


"And last but not least: $LULU Q4 Company-Operated Stores revenue: Street consensus = $1455M vs my model = $1437M. How I get there (explicit bridge): [--]. Start w/ last year Q4 store revenue: $1511M [--]. Shorter quarter adjustment: [--] days vs [--] last year $1511M (91/98) = $1403M [--]. Store count growth: +60 net new stores YoY (vs [---] last year)  (809/749) [-----] $1515M [--]. Transactions: assume -8% YoY in in-store transactions (cold winter lower foot traffic + conversion headwinds; partially offset by mix shift as Intl/China become a larger % of stores) $1394M [--]. ATV: assume +3% YoY avg transaction"  
[X Link](https://x.com/anyuser/status/2018563503972364618)  2026-02-03T05:53Z [---] followers, [---] engagements


"Putting it all together: Im modeling $LULU Q4 FY25 total revenue = $3.765B vs Street = $3.58B. Thats also well above managements Jan [--] pre-ICR language that Q4 revenue should be toward the high end of the $3.500$3.585B range. SOTP bridge in the prior [--] tweets: E-comm / Company-operated stores / Other channels. Long $LULU; not financial advice. Putting numbers behind the traffic inflection: Im modeling $LULU Q426 E-comm revenue = $2.016B vs BBG Street mean = $1.865B (Street high = $1.95B). Method (simple + conservative): Start with last years Q4 e-comm revenue Adjust for the shorter quarter:"  
[X Link](https://x.com/anyuser/status/2018566495911977116)  2026-02-03T06:05Z [---] followers, [---] engagements


"Time discipline is a risk control not a footnote. In our high-conviction sleeve we manage exposures against a 12-month continuum price target (a time-based path not a static PT). Price progress without a time framework is incomplete: when a security moves faster or slower than our expected path we add / trim / exit accordingly to stay disciplined and avoid behavioral drift. Today we closed two shorts (charts attached): 1) $STUB (Chart 1) Initiated: Jan [--] at $15.97 avg (starter size) Covered: today at $11.09 avg Result: 31% gain in [--] days We covered because the move materially exceeded our"  
[X Link](https://x.com/anyuser/status/2018843001762820339)  2026-02-04T00:24Z [---] followers, [---] engagements


"$GOOG / $GOOGL: the quarter was strong yet the market is still reflexively punishing the hyped AI capex increasing narrative. Chart: initial reaction was violent (down 67% post-release) then it stabilized briefly flipped green and drifted back modestly negative. If theres one company that has earned the benefit of the doubt on incremental investment its Alphabet. They arguably have the best capital allocation track record in public marketsincluding the marquee capital allocators. Notably Berkshire Hathaway first disclosed an Alphabet position in its Q3 [----] 13F (holdings as of 9/30/25) i.e."  
[X Link](https://x.com/anyuser/status/2019161746032959786)  2026-02-04T21:30Z [---] followers, [---] engagements


"Okay fine it took until Wednesday not Monday to print sub-$125/share. $MSTR tagged it anyway. Reposting our $BTC fire-sale stress test here 👇 We did this research on $MSTR in the fall and our model indicates it should open between $110-125 Monday. Not financial advice https://t.co/5tb4MhJ2uR We did this research on $MSTR in the fall and our model indicates it should open between $110-125 Monday. Not financial advice https://t.co/5tb4MhJ2uR"  
[X Link](https://x.com/anyuser/status/2019227231738884178)  2026-02-05T01:51Z [---] followers, [---] engagements


"If hyperscalers are penalized for front-running AI demand and SaaS is questioned on monetization where does the market think the economics settle Hard to avoid the conclusion that value pools compress upstream into $NVDA. $GOOG $ORCL $MSFT $AMZN What does $GOOG management have to say about the software sell off. Mark Mahaney asked the question on the call. Sundar said this moment for software leaders need to deeply incorporate AI into workflows and drive efficiencies within the organization. My take: Doesn't tell us What does $GOOG management have to say about the software sell off. Mark"  
[X Link](https://x.com/anyuser/status/2019363046146339107)  2026-02-05T10:50Z [---] followers, [---] engagements


"Bloomberg: Worst January for job-cut announcements since [----] (Challenger). Job cuts +118% YoY and hiring intentions slipped. Is this finally the labor-market cooling the Fed needs to justify rate cuts or do they wait for payrolls/unemployment to confirm Market should like this setup but remains skiddish. $SPY $QQQ https://twitter.com/i/web/status/2019400602715901963 https://twitter.com/i/web/status/2019400602715901963"  
[X Link](https://x.com/anyuser/status/2019400602715901963)  2026-02-05T13:19Z [---] followers, [---] engagements


"NVDA customer mix from BBG is being missed by the market. Hyperscalers (MSFT META AMZN GOOG) are stepping up CAPEX 3050% faster than prior expectations Those green-box revenue numbers mechanically expand NVDA sells these chips at 55% net income margins Do the math: 1) Incremental hyperscaler CAPEX tens of billions in additional NVDA net income 2) Slap even a conservative 20x PE on that delta NVDA market cap should be materially higher not lower. The CAPEX risk narrative has this exactly backwards. Own $AMZN $GOOGL $NVDA; no position in $MSFT (RIP SaaS) or $META. Not financial advice"  
[X Link](https://x.com/ErickQuay/status/2019444873917571538)  2026-02-05T16:15Z [---] followers, [---] engagements


"$AMZN (white dashed) has already been de-rated with the rest of hyperscaler AI CAPEX panic since last Wednesday (when $MSFT + $META prints reframed the spend trajectory). $GOOG report yesterday further confirmed CAPEX hikes. This chart is all indexed to [---] at that point and AMZN is down 9% from there. AMZN reports after the bell today. Even if they raise AWS capex (they probably will) a meaningful chunk of capex up = multiple down looks pre-priced after MSFT/META/GOOG. Long $AMZN and $GOOG; not financial advice"  
[X Link](https://x.com/anyuser/status/2019513152040251540)  2026-02-05T20:47Z [---] followers, [---] engagements


"Green box on chart: semis are the cheapest AI proxy available. On 2Y forward $SOXX / ICE Semi is high-teens P/E below $SPY and way below $QQQ. Given the massive CAPEX hikes we just got from the hyperscalers you can expected consensus earnings to go up. Theres likely room for further multiple expansion across SOXX"  
[X Link](https://x.com/ErickQuay/status/2019891964330569909)  2026-02-06T21:52Z [---] followers, [---] engagements


"Ballpark: Top [--] best single-day returns in a normal year (S&P 500) (ordered best 10th best; typical range not a guarantee) Many of the best days tend to cluster around stressed periods (bear markets / early recoveries) which is why missing the best days analyses show big drag. $SPY $QQQ #investing"  
[X Link](https://x.com/ErickQuay/status/2020163001999908874)  2026-02-07T15:49Z [---] followers, [---] engagements


"High conviction size increase. $LULU is our largest long. One of many reasons: Amex Platinum $300/yr #lululemon perk driving [-------] sustained e-comm visitors since its launch on Sept. [--] [----]. Notes: 1) AmexXLulu launched at quarter midpoint so we expect 15% e-comm lift this quarter with further tailwinds through most of next year. 2) We expect the current quarter to be LULU's first FY 3Q release to post $1B quarterly e-comm revenue. 3) E-comm sales are worth a lot more to LULU vs. in-store sales. E-comm operating margin = 43% vs. in-store of just 14% (latest fiscal year for both). That"  
[X Link](https://x.com/ErickQuay/status/1991173100071715160)  2025-11-19T15:53Z [---] followers, [----] engagements


"Bloomberg: @LIV is still a cash furnace. And now Brooks Koepka is heading back to the PGA another pressure point for PIFs sports ambitions. If PIF becomes majority owner of $EA via take-private the @PGATOUR should freeze PGA content rights with EA until supplier ethics / conduct standards are met or enter an exclusive with $TTWO. The same applies for @NFL regarding EA's Madden game rights. Supplier ethics and conduct standards have to apply to the controlling owner of the counterparty. Policies either apply or theyre PR. We'll be reaching out to both leagues in the near term and may build a"  
[X Link](https://x.com/ErickQuay/status/2011824513038872716)  2026-01-15T15:35Z [---] followers, [---] engagements


"Chart (Indexed 100): Sequoia Capitals top [--] public holdings (past month; ex-intl) are basically a live tape of the recent software/tech unwind: $DASH $KLAR $U $CART $PDD $FIG $DDOG $BBIO ( $SPY dotted line) Worth noting: the big software/tech PE platforms almost certainly have similar underlying exposure in their private booksespecially: Tier 1: Thoma Bravo Vista Hg Insight Partners Francisco Partners Tier 2: Silver Lake Permira H&F EQT but you generally wont see it immediately in reported portfolio marks given lagged/smoothed valuation processes (quarterly cadence model-based comps"  
[X Link](https://x.com/ErickQuay/status/2011932900166443145)  2026-01-15T22:45Z [---] followers, [---] engagements


"$LULU e-comm signal staying strong: website traffic is up 40% YoY (trailing [--] days) and continues to widen vs $NKE / $UAA / $VFC (per chart). First full quarter of the Amex Platinum x LULU partnership will hit next quarterly releaseand that $75/quarter benefit should be high-conversion traffic not just clicks (given they have the "freebie"). Long LULU; not financial advice. https://twitter.com/i/web/status/2012239415272235454 https://twitter.com/i/web/status/2012239415272235454"  
[X Link](https://x.com/ErickQuay/status/2012239415272235454)  2026-01-16T19:03Z [---] followers, [----] engagements


"AMZN: Since Andy Jassy took over as CEO on July [--] [----] Amazon stock has materially lagged $QQQ $WMT and even $MAGS (which $AMZN is a major component of). This July marks [--] years. A mega-cap with Amazons assets (AWS + Ads + Retail/Logistics) should not be compounding meaningfully below peers and the mega-cap complex. If Jassy cant start driving incremental shareholder value from herevia clearer capital allocation sharper operating discipline and a more credible path to sustained FCF growththen its time for the Board to move on. Disclosure: Long AMZN."  
[X Link](https://x.com/ErickQuay/status/2014025676551082312)  2026-01-21T17:21Z [---] followers, [---] engagements


"Reposting this from Silver Lake 👇 $XM (Qualtrics) going private in [----] increasingly looks like a case study in PE SaaS + AI disruption risk. When Qualtrics was built survey platforms were multi-year enterprise-grade software efforts. In [----] that assumption no longer holds. We just walked through what it would take to vibe-code a Qualtrics / SurveyMonkey-like product product-only no enterprise GTM security or compliance: Scenario A Fast & Scrappy MVP (23 weeks) Core survey builder Logic / branching Links + response collection Basic analytics Enough to run real surveys immediately. Scenario"  
[X Link](https://x.com/ErickQuay/status/2014088837505441984)  2026-01-21T21:32Z [---] followers, [---] engagements


"Watch USD/CNY for $LULU: China is a meaningful growth engine so CNY strength = translation tailwind to reported growth/margins (partly offset by hedging + any CNY-linked costs). Long LULU; not financial advice"  
[X Link](https://x.com/ErickQuay/status/2016523469731614987)  2026-01-28T14:47Z [---] followers, [---] engagements


"$LULU alt-data check: (1) Foot traffic just spiked as the Get Low series online sale was paused suggesting demand is being pulled into stores rather than lost. (2) Web traffic remains structurally strong since the Amex Platinum partnership launched in September with no post-promo air pocket. Read-through: demand is intact channel mix is flexing not deteriorating. Remain long / adding exposure. Not financial advice https://twitter.com/i/web/status/2016896968421671018 https://twitter.com/i/web/status/2016896968421671018"  
[X Link](https://x.com/ErickQuay/status/2016896968421671018)  2026-01-29T15:31Z [---] followers, [----] engagements


"$AXP just told you whats actually driving a +53% YoY spike in Card Member Services expense: new U.S. Platinum benefits + higher usage. Screenshot below. That explicitly includes the $75/quarter #Lululemon Platinum credit. Translation: Benefits are being used AMEX is subsidizing the spend Premium cardmember traffic is real Constructive for $LULU demand. Disclosure: long LULU. https://twitter.com/i/web/status/2017239521117511881 https://twitter.com/i/web/status/2017239521117511881"  
[X Link](https://x.com/ErickQuay/status/2017239521117511881)  2026-01-30T14:12Z [---] followers, [----] engagements


"Silver Lake is very long $U and trying to increase gaming exposure with $EA take-private. PIF is long #Nintendo and already owns 10% of EA while planning to become EAs majority owner via the take private with SL. $TTWO down big too. I believe EA will lose major sports leagues over roughly the same period that LIV hemorrhages golfers back to the PGA (3-5 years). Good luck to all involved in the EA take-private. I shorted $U on open today when I saw the Google Genie demo but the stock barely moved for [--] min so I closed the short at a +1% profit because I thought Well I guess this news was"  
[X Link](https://x.com/ErickQuay/status/2017300434877075605)  2026-01-30T18:14Z [---] followers, [----] engagements


"🎤 Excellent pitch from a Columbia Business School MBA student on $LULU highlighting Lululemons China expansion opportunity a nuanced take on geography-driven growth in premium athleisure. International especially China is one of the few durable growth engines in a challenging apparel market. Yuan strength will help companys like LULU repatriating China sales to USD. Congrats on the well-executed thesis and @CNBC spotlight Disclosure: Long $LULU Link: https://www.cnbc.com/video/2026/01/30/lululemon-investment-thesis-based-on-expansion-opportunity-in-china-says-columbias-elsa-fu.html"  
[X Link](https://x.com/ErickQuay/status/2017331382129775037)  2026-01-30T20:17Z [---] followers, [---] engagements


"Another red weekly candle for $FIG and closed right on its **all-time** lowest tick of $25.92. Disclosure: Short $FIG"  
[X Link](https://x.com/ErickQuay/status/2017344393917673848)  2026-01-30T21:09Z [---] followers, [---] engagements


"$FIG topping the software meltdown chart. FIG has and continues to be one of our highest conviction shorts. In fact our first ever public short report (link below) was on #Figma. 11/4/2025 short report: https://www.eaquay.com/research/figma-nasdaq-fig-from-design-darling-to-investor-beware The Great Software Meltdown https://t.co/dYzFUOcpHr https://www.eaquay.com/research/figma-nasdaq-fig-from-design-darling-to-investor-beware The Great Software Meltdown https://t.co/dYzFUOcpHr"  
[X Link](https://x.com/ErickQuay/status/2017363473215189458)  2026-01-30T22:25Z [---] followers, [----] engagements


"$GOOG / $GOOGL reported a very strong beat this quarter yet the market is still punishing the stock on headlines around increased capex / AI buildouts. We view this as a misplaced reaction. If theres one company that has earned the benefit of the doubt on incremental investment its Alphabet. Their capital allocation track record is among the best in public marketsrepeatedly deploying capital into assets that looked expensive at the time and proved small in hindsight. Sharing an infographic below that highlights just a subset of Alphabets highest-ROI decisions (Android YouTube DeepMind"  
[X Link](https://x.com/anyuser/status/2019253349778882707)  2026-02-05T03:34Z [---] followers, [---] engagements


"Its a serious issue. Last night I had two different LLMs (ChatGPT and Gemini) make me a few infographics of GOOGs unbelievable acquisition history (to contextualize their CAPEX push). Results below. I cant imagine Canva can IPO anytime soon. Look at ADBE and FIG. Long GOOG. https://twitter.com/i/web/status/2019360628926714365 https://twitter.com/i/web/status/2019360628926714365"  
[X Link](https://x.com/ErickQuay/status/2019360628926714365)  2026-02-05T10:41Z [---] followers, [---] engagements


"AMZN has the largest fleet of robots in the world (1 million). AWS controls the largest compute capacity in the world. Rivian + Anthropic stakes. Digital advertising optimized w/ AI. AWS has moderate odds of being an agentic hub AI and automation is a tailwind for AMZN. WMT runs at a 4% operating margin with revenues growth of 6%. Effectively the same as buying a 30-year treasury w/ TIPS protection. Only downside from a 40+ PE. https://twitter.com/i/web/status/2019989355683524664 https://twitter.com/i/web/status/2019989355683524664"  
[X Link](https://x.com/ErickQuay/status/2019989355683524664)  2026-02-07T04:19Z [---] followers, [--] engagements


"Agree RE the rotation. But $AMZN does not make software. AWS is a IaaS + PaaS provider. The biggest ST driver of WMTs irrational PE expansion: WMTs NDX entry (added Jan 20th as the #11 weighting at 3%) was one of the largest dollar mechanical NDX inclusions in recent history (perhaps ever) given $600B of NDX-tracking AUM and 3% weight $1819B of required ownership. $WMT daily volume is only $4B a day. I think this inflow momentum will halt soon: WMT reports earnings Feb 19th. To justify a PE in the 40s theyll have to deliver something above a Rule of [--] and guide to something multiples better."  
[X Link](https://x.com/ErickQuay/status/2019996774794928409)  2026-02-07T04:48Z [---] followers, [--] engagements


"Haha I think you mean his fund allocates 3% to each I dont think he has enough AUM to own 3% of NVDA I rarely use P/S ass a core valuation method more of a sanity check. With markets currently so concerned over CAPEX Ive used EV/EBITDA less vs. P/E and EV/EBIT. Warren Buffet is right: the tooth fairy doesnt pay for capital expenditures https://twitter.com/i/web/status/2020240734683910300 https://twitter.com/i/web/status/2020240734683910300"  
[X Link](https://x.com/ErickQuay/status/2020240734683910300)  2026-02-07T20:58Z [---] followers, [--] engagements


"$AXP Platinum $75/quarterly $LULU credit: exercised. Last quarter socks this quarter boxers. At $158 for 7x Im basically underwriting LULUs profitability one waistband at a time. Also: ordered at 10pm last night already en route by 9am today ops machine. Long LULU; not financial advice. https://twitter.com/i/web/status/2011546125250294214 https://twitter.com/i/web/status/2011546125250294214"  
[X Link](https://x.com/ErickQuay/status/2011546125250294214)  2026-01-14T21:09Z [---] followers, [---] engagements


"Chart: $QQQ / $SPY on 1Y fwd P/E is at the lowest level in [--] years (1.15x). Meanwhile: AI capex boom is real moat-y SaaS looks safe and hyperscaler backlogs keep accelerating. Markets basically saying Nasdaq premium is gone. Im not sure I buy that. Everything points to AI boom being early innings. https://twitter.com/i/web/status/2011558891990180082 https://twitter.com/i/web/status/2011558891990180082"  
[X Link](https://x.com/ErickQuay/status/2011558891990180082)  2026-01-14T21:59Z [---] followers, [---] engagements


"$AMZN: Not overly focused on near-term antitrust headwinds (though itll be nice to have them behind us). Our SOTP work actually implies higher aggregate EV if regulators ever forced an extreme breakupAds Retail and AWS as [--] separate entities (unlikely in our view). Current odds of Amazon prevailing are pegged around 80%. Timeline from BBG below: https://twitter.com/i/web/status/2011829282872389790 https://twitter.com/i/web/status/2011829282872389790"  
[X Link](https://x.com/ErickQuay/status/2011829282872389790)  2026-01-15T15:54Z [---] followers, [---] engagements


"For anyone who thinks you cant time markets Jody Allen is allegedly about to sell the #Seahawks after a [---] season as Super Bowl favorites with talk of $6B (would be NFL's biggest deal)"  
[X Link](https://x.com/ErickQuay/status/2012196752355471386)  2026-01-16T16:14Z [---] followers, [----] engagements


"@canva continues to win the top-of-funnel: +19% YoY web traffic growth (trailing [--] days) vs $FIG +10% and $ADBE +4%. Bigger tell: ADBE has steadily tightened the growth gap vs @figma now the closest its been in [--] months. Competitive pressure showing up in the web data. We're short FIG; not financial advice. https://twitter.com/i/web/status/2012241368685379777 https://twitter.com/i/web/status/2012241368685379777"  
[X Link](https://x.com/ErickQuay/status/2012241368685379777)  2026-01-16T19:11Z [---] followers, [---] engagements


"$FIG entered its "Stockholder Extended Lock-Up" as part of its 2Q25 earnings. Per your own link @sixerrrrrrr the next unlock will come 2-days after their next quarterly earnings. This won't be Jan 26/27th but will be in mid-February. Followed by releases after the next two quarters as well. There is no lockup expiry occuring on January 26th or 27th for $FIG. This is a complete misunderstanding. No such lockup expiry is occuring. No shares will be unlocking in January. I've seen dozens of posts discussing this however the filings are clear. Shares will unlock There is no lockup expiry occuring"  
[X Link](https://x.com/ErickQuay/status/2012268347140776007)  2026-01-16T20:58Z [---] followers, [----] engagements


"@sixerrrrrrr Yeah no idea were folks are getting those Jan dates 🤣"  
[X Link](https://x.com/ErickQuay/status/2012269075443941863)  2026-01-16T21:01Z [---] followers, [--] engagements


"Appreciate it. For $FIG to turn they need to rebuild trust + clean up monetization: 1) Security/privacy + disclosure: independent 3rd-party review + hard controls so sales/CS cant view customer metadata plus a transparent disclosure posture (I havent seen a clean formal public accounting of the issues flagged in customer anecdotes / reporting). 2) End the billing/sales dark patterns: no auto-seat upgrades / surprise true-ups; explicit admin approvals spend caps real-time billing dashboards. Growth has to come from value not friction. 3) Lap the pre-IPO pull-forwards: need to fully get past"  
[X Link](https://x.com/ErickQuay/status/2012271364145655952)  2026-01-16T21:10Z [---] followers, [---] engagements


"@munster_gene Agreed Wouldnt be surprised to see a callout from Sundar on this in their next earnings call"  
[X Link](https://x.com/ErickQuay/status/2012292816425083297)  2026-01-16T22:36Z [---] followers, [---] engagements


"You see frustration/chaos in recent Figma employee reviews on Glassdoor. Common themes: (1) hyper-growth strain burnout/attrition talk (2) strategy/priority thrash and unclear direction (3) GTM growing painssales org feels overbuilt vs packaging/deal sizes heavy pipeline pressure and skepticism about offerings beyond core design. A lot was pulled forward into their IPO-window (price hikes promos upsell pressure etc.). With the stock down 70% its clear the market is seeing through the IPO story. Figmas upcoming comps only get tougher this year."  
[X Link](https://x.com/ErickQuay/status/2012582943856742490)  2026-01-17T17:49Z [---] followers, [---] engagements


"@MarceloLima Agreed the spread has only widened. $COST multiple expanding too. Were very long AMZN and may add a short in WMT on Tuesday given the one-off Nasdaq [---] inclusion flows"  
[X Link](https://x.com/ErickQuay/status/2012584479139787226)  2026-01-17T17:55Z [---] followers, [---] engagements


"Almost missed this from last week. Starting Jan [--] [----] Nasdaq ISE can list up to two additional Monday + Wednesday expirations for Qualifying Securities (mega-cap / mega-AUM names with massive options volume). Qualifying Securities for Q1 2026: $TSLA $NVDA $AAPL $AMZN $META $AVGO $GOOGL $MSFT + $IBIT. More expiry points = tighter event-risk targeting faster theta and a new cadence for dealer gamma positioning across the week. Link: https://www.nasdaqtrader.com/MicroNews.aspxid=OTA2026-2& https://www.nasdaqtrader.com/MicroNews.aspxid=OTA2026-2&"  
[X Link](https://x.com/ErickQuay/status/2013733236589936822)  2026-01-20T21:59Z [---] followers, [---] engagements


"@QualityInvest5 Both AMZN and NFLX have very attractive advertising segments Im currently long AMZN. Taking a close look at adding NFLX in near term"  
[X Link](https://x.com/ErickQuay/status/2013774498126811494)  2026-01-21T00:43Z [---] followers, [---] engagements


"@StockMKTNewz Dont love the NFLX repurchase pause but at some point it bottoms"  
[X Link](https://x.com/ErickQuay/status/2013774827765616970)  2026-01-21T00:45Z [---] followers, [---] engagements


"@phanie_delacr (3) is very important. The analyst coverage in the name has been very weak (beyond just MS). When a stock is misunderstood and coverage is weak/punting it could be a good place to allocate research time if youre looking for differentiated long/short alpha"  
[X Link](https://x.com/ErickQuay/status/2013798246997536831)  2026-01-21T02:18Z [---] followers, [--] engagements


"One of Elons [--] operational milestones tied to his $1T $TSLA pay package is getting 1M robotaxis on the road. That target often gets dismissed as aspirational. We think its not. Context matters: $AMZN went from its first warehouse robot (Kiva) to [-------] robots deployed across operations over roughly a decade now the largest robotics fleet in the world. If anyone has a track record of compressing timelines and scaling hard tech fast its @elonmusk. Teslas edge is a vertically integrated OTA learning loop: design drive data train deploy repeated across millions of vehicles in real time. Its"  
[X Link](https://x.com/ErickQuay/status/2013818037162348863)  2026-01-21T03:36Z [---] followers, [---] engagements


"OpenAI: Compute is the scarcest resource in AI. 5-ticker basket of compute bottlenecks watching these in broader market turmoil: $NVDA most direct: add frontier capability add high-end accelerators $TSM leading-edge + advanced packaging throughput $MU HBM/DRAM supply $AVGO AI networking + custom silicon $ANET data center switching (scale-out clusters) https://openai.com/index/a-business-that-scales-with-the-value-of-intelligence/ https://openai.com/index/a-business-that-scales-with-the-value-of-intelligence/"  
[X Link](https://x.com/ErickQuay/status/2013821903849295997)  2026-01-21T03:52Z [---] followers, [---] engagements


"Not short STUB because a platform founder owns a broker or because Citi sees 11% downside (my base case valuation is much lower). Those are a few signals. The thesis is about investor trust + KPI quality + incentives + disclosures. The most underappreciated risk in $STUB and a large driver of our short thesis: revenue recognition + replacement ticket mechanics + related parties. Filings describe when STUB can be principal (inventory) and that replacement costs can hit later. Off-the-record sources also allege replacement sourcing can involve founder-affiliated entities (including but not"  
[X Link](https://x.com/ErickQuay/status/2014129225696002264)  2026-01-22T00:13Z [---] followers, [---] engagements


"AMZN has lowest inventory vs other major retailers (WMT COST etc). Jassy should point out AMZN is largely a marketplace that takes a % of sales sells ads to merchants and facilitates storage/delivery the [----] inflation cycle drove AMZNs retail margins to all time highs. Its almost like he wants to hold the stock back yikes (Im long AMZN). https://twitter.com/i/web/status/2014148797547401690 https://twitter.com/i/web/status/2014148797547401690"  
[X Link](https://x.com/ErickQuay/status/2014148797547401690)  2026-01-22T01:31Z [---] followers, [--] engagements


"AWS just raised the ceiling on GPU-backed cloud compute with the launch of G7e instances powered by NVDA RTX PRO [----] Blackwell GPUs. Up to [--] GPUs per node 96GB per GPU massive memory bandwidth and step-function AI inference gains vs prior gen. This materially changes the economics for large-model inference and graphics-heavy AI workloads. Long $AMZN and $NVDA https://twitter.com/i/web/status/2014491753248645497 https://twitter.com/i/web/status/2014491753248645497"  
[X Link](https://x.com/ErickQuay/status/2014491753248645497)  2026-01-23T00:13Z [---] followers, [---] engagements


"In October the initial wave of Amazon corporate cuts was met with a positive stock response investors interpreted it as discipline cost control and a continued shift toward higher-ROIC businesses (AWS Ads logistics efficiency). If this next round is incremental and targeted (layers duplicated roles low-ROI initiatives) history suggests the market is more likely to view it as margin-accretive not a growth red flag. The signal to watch isnt the layoff number its whether operating leverage continues to improve at Amazon. (Were long and think it will)"  
[X Link](https://x.com/ErickQuay/status/2014492814441128168)  2026-01-23T00:18Z [---] followers, [----] engagements


"INTC beat + stock down weak AI demand. Its the opposite. Market is fading CPU-centric earnings even on a beat signaling compute dollars are being reallocated not cut. Thats bullish for $NVDA: AI capex is flowing to accelerated compute + full-stack platforms where NVDA remains the default. If you cant prove youre winning AI workloads the quarter doesnt matter. NVDA can and thats the difference. (Long NVDA). https://twitter.com/i/web/status/2014493916993593493 https://twitter.com/i/web/status/2014493916993593493"  
[X Link](https://x.com/ErickQuay/status/2014493916993593493)  2026-01-23T00:22Z [---] followers, [----] engagements


"@TSLAQsux Agree SOTP of retail bucket alone vs WMT or COST at their lofty PEs makes me feel very safe owning AMZN"  
[X Link](https://x.com/ErickQuay/status/2014499136339415214)  2026-01-23T00:43Z [---] followers, [--] engagements


"They have a small repurchase authorization available. I think they have to execute that plan fully (no buys in years) + re-authorize $30-50B and continue hitting the buy button. Bezos should halt his sales and use a line of credit for liquidity/cash then at $300+ resume share sales to close LOC. Jeff: this isnt financial advice https://twitter.com/i/web/status/2014501413062074444 https://twitter.com/i/web/status/2014501413062074444"  
[X Link](https://x.com/ErickQuay/status/2014501413062074444)  2026-01-23T00:52Z [---] followers, [--] engagements


"@WallStRollup OpenAI probs paying a consultant a cut to get told to take a cut of AI-aided discoveries🤣"  
[X Link](https://x.com/ErickQuay/status/2014535614956212630)  2026-01-23T03:08Z [---] followers, [----] engagements


"Math check. If your numbers (10% IRR from 2007) are meant to be actuals they're way off. Even if you entered the position at top-tick of [----] ($231B Market Cap on November [--] 2007) you'd be looking at an IRR of 16.2% to today's Market Cap of $3.43T. If you invested on the first trading day of January [----] when GOOGL had a $143B Market Cap the IRR becomes 19.3% through today. These figures do not include Alphabet's dividends so the actual IRR would be modestly higher. https://twitter.com/i/web/status/1990512674170700107 https://twitter.com/i/web/status/1990512674170700107"  
[X Link](https://x.com/ErickQuay/status/1990512674170700107)  2025-11-17T20:09Z [---] followers, [----] engagements


"DEFA14As Voting & Support Agreement schedules PIFs $EA holding at [--------] shares; the merger agreement also discloses total shares out at [---------] as of Sept [--] [----] (Measurement Date)9.95% ownership. PIF was within a couple days of $EAs repurchases putting them 10% ownership"  
[X Link](https://x.com/ErickQuay/status/1972803219190329398)  2025-09-29T23:18Z [---] followers, [----] engagements


"$GOOG $GOOGL should actually be showing operating MARGIN expansion IMO. Addback the $3.5B one-off fine and Q3 Operating Income becomes $34.728B on $102.346B of revenue. That's a 33.9% operating margin. Very impressive quarter. @alphabet #alphabet #Earnings #mag7 https://twitter.com/i/web/status/1983630905844371764 https://twitter.com/i/web/status/1983630905844371764"  
[X Link](https://x.com/ErickQuay/status/1983630905844371764)  2025-10-29T20:23Z [---] followers, [---] engagements


"$AMZN reports after the bell. Currently analyst consensus calls for $199B in FY2026 EBITDA and $237B in FY2027. I expect we'll see upgrades over the next week to push FY26 EBITDA to $205B and FY27 $250B. #AMAZON #EARNINGS #CONSENSUS"  
[X Link](https://x.com/ErickQuay/status/1983954401783140554)  2025-10-30T17:49Z [---] followers, [---] engagements


"Record-setting U.S. holiday spend may be materializing in real time. $ADBE now projects Black Friday online sales of roughly $11.711.9B with 58% coming from mobile and $760M via BNPL. Full-season (NovDec) online spend is tracking $253B up 5.3% YoY. https://www.reuters.com/business/retail-consumer/us-black-friday-online-sales-hit-86-billion-says-adobe-analytics-2025-11-28/ https://www.reuters.com/business/retail-consumer/us-black-friday-online-sales-hit-86-billion-says-adobe-analytics-2025-11-28/"  
[X Link](https://x.com/ErickQuay/status/1994807681119653894)  2025-11-29T16:36Z [---] followers, [---] engagements


"@MattJMcClintock $LULU low/mid $160s in Nov was a freebie shouldnt have needed Burrys (final) 13-F for to care about that one🤣"  
[X Link](https://x.com/ErickQuay/status/2010564182920597740)  2026-01-12T04:07Z [---] followers, [---] engagements


"Reminder: Heikin-Ashi isnt magic it just averages candles to expose the underlying trend. $FIG trend remains glaring: persistent bearish HA sequence weak bounces and fresh lows. Very bearish indication. Translation: the burden of proof is on bulls to show a sustained HA reversal (not a [--] day bounce). Remain short #Figma; not financial advice. https://twitter.com/i/web/status/2012253590945956172 https://twitter.com/i/web/status/2012253590945956172"  
[X Link](https://x.com/ErickQuay/status/2012253590945956172)  2026-01-16T20:00Z [---] followers, [----] engagements


"$FIG is now $12.2B EV (about $13.8B market cap) squarely inside and roughly mid-range of our $10$15B valuation framework published Nov [--] [----]. See blue box in both screenshots. This repricing played out faster than even we anticipated. We try to operate on valuation continuums vs. a rolling 12-month PTwhen a name moves materially through the continuum we underwrote we reduce risk and reallocate to names further from their continuum-based value. Accordingly weve covered 50% of our #Figma short and redeployed capital into larger dislocations. Disclosure: short FIG; not financial advice."  
[X Link](https://x.com/ErickQuay/status/2013729513113292912)  2026-01-20T21:45Z [---] followers, [----] engagements


"I dont have a market cap = long number for $FIG. The blocker is governance + trust: Id only consider long after pre-IPO VCs are no longer the dominant holders (majority stake sold down) and theres real leadership/board turnover plus credible cleanup on (i) security/privacy disclosure and (ii) sales/billing dark patterns so growth is value-led. Risk to remaining short position: if they announce a buyback (funded by the $1B cash ADBE termination fee) Id likely cover quickly given the low IPO float / limited liquidity. But even then not a long yet."  
[X Link](https://x.com/ErickQuay/status/2013746095134748801)  2026-01-20T22:50Z [---] followers, [---] engagements


"$AMZN: 16k corporate cuts to flatten bureaucracy. Oct layoffs = stock rallied. Today = stock sold despite clear visibility into round [--]. Message: cost cuts alone dont rerate it investors want growth + confidence. Azure numbers after the bell today will be important for AMZN to hold $240 Long $AMZN. https://twitter.com/i/web/status/2016559926244491371 https://twitter.com/i/web/status/2016559926244491371"  
[X Link](https://x.com/ErickQuay/status/2016559926244491371)  2026-01-28T17:12Z [---] followers, [---] engagements


"$MSFT earnings last night are a clean read-through for $AMZN AWS. Azures solid growth + AI backlog commentary reinforce enterprise cloud spend durability not a demand cliff. If anything Azure strength supports the idea that AWS growth pressure is mix/capacity-driven not cyclical. Positive #AWS proxy. Remain long AMZN https://twitter.com/i/web/status/2016899758728581499 https://twitter.com/i/web/status/2016899758728581499"  
[X Link](https://x.com/ErickQuay/status/2016899758728581499)  2026-01-29T15:42Z [---] followers, [---] engagements


"CNBC: $AMZN in talks on a $50bn investment in OpenAI. If confirmed reinforces AMZNs strategy of securing long-duration AI capacity and optionality alongside AWS infrastructurecapex heavy near-term potentially durable strategic control longer-term. Talks only; no deal announced. https://twitter.com/i/web/status/2016978723887534085 https://twitter.com/i/web/status/2016978723887534085"  
[X Link](https://x.com/ErickQuay/status/2016978723887534085)  2026-01-29T20:56Z [---] followers, [---] engagements


"Sentiment in LULU completely been torched That said I have trouble seeing the Get Low issue as erasing the $4B of EV it currently seems to have triggered. Its a very different product but the AAPL China #s are unbelievable and the yuan strength will help LULUs PnL repatriating China sales. @MattJMcClintock any thoughts on LULU buyback pacing Since NDX removal volumes are down but seems buybacks have slowed / halted https://twitter.com/i/web/status/2017025320012963933 https://twitter.com/i/web/status/2017025320012963933"  
[X Link](https://x.com/ErickQuay/status/2017025320012963933)  2026-01-30T00:01Z [---] followers, [---] engagements


"No - split isnt disclosed. But Meghan Frank indicated profitability was exceeding going in assumptions on last earnings call. The size of the AXP base is real though. For example: AXP pays Delta $10B in annual revenue (largely cobranded card not for purchase subsidy). For LULU the partnership has driven +2M in weekly website visitors since launching at midpoint of last reported quarter (Sept 18th launch). The ecomm revenue inflection reported last quarter was just a 50% midpoint effect so Im increasingly bullish looking ahead given its trading at $175 ish."  
[X Link](https://x.com/ErickQuay/status/2017269096216228235)  2026-01-30T16:10Z [---] followers, [--] engagements


"Simple gutcheck for $AMZN: compare buyback yield vs incremental ROIC on a $50B AI stake. If ROIC buyback yield and WACC invest; if not retire stock. Capital allocation is a hurdle race not a vibes check. $AMZN has executed just $3.9bn of cumulative share repurchases in its entire historyyet is reportedly considering a $50bn equity investment in OpenAI at an implied $830bn valuation (41x current $20bn ARR run-rate). As a shareholder Im increasingly concerned with Andy $AMZN has executed just $3.9bn of cumulative share repurchases in its entire historyyet is reportedly considering a $50bn"  
[X Link](https://x.com/ErickQuay/status/2017270285716672776)  2026-01-30T16:14Z [---] followers, [---] engagements


"Thanks for the encouragement. Humble question: what specifically do you think will drive $FIG to outperform $ADBE from here To date our $FIGMA thesis is tracking as expected. Weve been under-sized and would welcome another hype cycle whether AI PR or IPO-window dressing in fact we expect a few more air pockets that could facilitate more attractive entry points for added short exposure. Short report here: Not financial advice; conduct your own DD. https://www.eaquay.com/research/figma-nasdaq-fig-from-design-darling-to-investor-beware @ErickQuay Keep shorting FIGMA buddy. You will get humbled"  
[X Link](https://x.com/ErickQuay/status/1999342814774153363)  2025-12-12T04:57Z [---] followers, [----] engagements


"📉 Dayforce drama: T. Rowe Price its largest holder (15.7%) says it will vote against Thoma Bravos $12.3 B take-private at $70/share calling it underwhelming. Deals premium may not match AI-driven growth potential. Could the buyout be in jeopardy $QQQ up 12% since early August deal announcement. Break fee looks cheap to allow stock to reprice. Board should act in the best interest of shareholders. #MNA #PrivateEquity #Activism $DAY $TWRO https://twitter.com/i/web/status/1982895709948203262 https://twitter.com/i/web/status/1982895709948203262"  
[X Link](https://x.com/ErickQuay/status/1982895709948203262)  2025-10-27T19:42Z [---] followers, [---] engagements


"Guess the $80ks aren't premium enough for Saylor Buying [--] BTC at $88k vs [-----] BTC at $95k is the ultimate 'buy high' $MSTR"  
[X Link](https://x.com/ErickQuay/status/2016915637226918305)  2026-01-29T16:45Z [---] followers, [---] engagements


"I view this as generally bullish into $AMZN Thursdays post-close earnings: less opex more leverage. AlsoAMZN is still below ATH and has lagged QQQ / Mag7 / WMT / COST over 1Y + 5Y. Feels like mgmt is using a weak stock narrative to keep layoffs politically digestible perhaps mgmt thinks the Thursday print could re-rate the shares and remove the excuse. Disclosure: Long $AMZN. BREAKING: Amazon $AMZN to eliminate [----] more jobs per Axios BREAKING: Amazon $AMZN to eliminate [----] more jobs per Axios"  
[X Link](https://x.com/ErickQuay/status/2018459620168421887)  2026-02-02T23:00Z [---] followers, [---] engagements


"In late [----] PIF reduced Nintendo ($7974.T) below 5% ownership (ultimately 4.19%)a step that likely reduced disclosure and regulatory friction abroad just months before the $EA bid surfaced. Tokyo views 5% owners as insiders"  
[X Link](https://x.com/ErickQuay/status/1972805541782008109)  2025-09-29T23:27Z [---] followers, [---] engagements


"Yepp and $GOOG $GOOGL should actually be showing operating MARGIN expansion. Addback the $3.5B one-off fine and Q3 Operating Income becomes $34.728B on $102.346B of revenue. That's a 33.9% operating margin. Insane quarter. https://twitter.com/i/web/status/1983633587686486360 https://twitter.com/i/web/status/1983633587686486360"  
[X Link](https://x.com/ErickQuay/status/1983633587686486360)  2025-10-29T20:34Z [---] followers, [--] engagements


"Hyperscaler demand is real and outpacing supply: Microsoft Cloud RPO (proxy for Azure): $392B Google Cloud backlog: $155B AWS backlog: $195B Sum $742B. Thats roughly Irelands GDP. You dont need a $5M #McKinsey deck to say it: Price discipline please. $AMZN $GOOGL $MSFT https://twitter.com/i/web/status/1984037249176961369 https://twitter.com/i/web/status/1984037249176961369"  
[X Link](https://x.com/ErickQuay/status/1984037249176961369)  2025-10-30T23:18Z [---] followers, [--] engagements


"@CitronResearch Take a look at my activist short piece on #Figma. Pinned to my profile. The $DUOL / $FIG connections reek (Figma parades Duolingo around as customer example in S-1 and earnings; DUOL CEO is on FIG board Greylock Partner on both boards; Kleiner Perkins invested in both) No disclosed related party transactions between DUOL and FIG reported (but $KLAR payments to Figma were considered reportable Andrew Reed of Sequoia sits on both boards and Klarnas $225k payment to Figma is in the S-1 Related Party disclosures). Hoping Figma will provide consistent disclosures. Im short Figma;"  
[X Link](https://x.com/ErickQuay/status/1986787682727391539)  2025-11-07T13:27Z [---] followers, [---] engagements


"And remember that Larry / $ORCL were effectively **given** TikTok along with Silver Lake in an uncompetitive process. That same week: Silver Lake is also a winner in the $EA LBO with Saudis PIF as the majority equity stake. Now with this unusual $WBD situation emerging with $PSKY vs. $NFLX things are starting to come full circle and not in a good way for free and fair markets. 🚩 $ORCL reports Wednesday and key questions include: (1) Is Larrys equity pledge to back his kids buyout of WBD for PSKY/MiddleEast SWFs in the best interest of ORCL shareholders & (2) Why was ORCL selected as the"  
[X Link](https://x.com/ErickQuay/status/1998251582035464552)  2025-12-09T04:41Z [---] followers, [---] engagements


"AgreeAWS backlog/RPO is a strong demand signal. But dont sleep on the other flywheel: $AMZN Ads. Bloomberg notes Amazons ad ROI ranks #2 only to $GOOGL with ads rev forecast $68B [--] $142B [--] (16% CAGR). AWS + Ads vs. (low-margin) Retail mix shift is why AMZN can lead the Mag7 this year. https://twitter.com/i/web/status/2011231491464867862 https://twitter.com/i/web/status/2011231491464867862"  
[X Link](https://x.com/ErickQuay/status/2011231491464867862)  2026-01-14T00:18Z [---] followers, [---] engagements


"Two reminders that $LULU is still a turnaround story: [--]. This may be the ugliest product weve seen from the brand. [--]. Sheer / squat-failing product issues somehow continue. Fix the product. Fix the process. The brand deserves better. Long LULU; not financial advice"  
[X Link](https://x.com/ErickQuay/status/2014123508272349595)  2026-01-21T23:50Z [---] followers, [----] engagements


"Pages [--] & [--] of Elliotts Toyota Industries deck raise a real provenance/compliance question They cite a Leading Mgmt Consulting Firm and then lean on Former executive quotes describing very specific inside-baseball items: Page 15: TICODenso direct-sales initiatives that never happened + lost opportunities/irrationality Page 38: TMCTICO price negotiation authority (pass-through allowed but no authority to raise prices) + recent production focus (TNGA gas engines) Deck is public now but if this was assembled via paid expert interviews were experts properly screened for NDA/severance"  
[X Link](https://x.com/ErickQuay/status/2016582170077261890)  2026-01-28T18:40Z [---] followers, [---] engagements


"@hugocesar87 Agreed on all. I also think the AXP tailwind driving clear ecomm inflection cant be ignored. Still a solid pitch and beats many sellside analyst commentary on LULU that Ive seen CNBC highlighting (e.g. Konik / Jefferies)"  
[X Link](https://x.com/ErickQuay/status/2017422516541595662)  2026-01-31T02:19Z [---] followers, [--] engagements


"@sama Interesting delta: (1) $META = market cheers bigger AI capex (2) $ORCL = CDS down after $4550B raise plan (3) $NVDA = down still lagging $SOXX + $AMD despite taking a derisked / tranched approach to this latest OpenAI round"  
[X Link](https://x.com/ErickQuay/status/2018501956898078834)  2026-02-03T01:49Z [---] followers, [----] engagements

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