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Treasurethe Moment [Racing Photos]

Treasurethe Moment [Racing Photos]

Blue Diamond Day Review: Treasurethe Moment at the crossroads?

Which performances stack up out of the Blue Diamond Stakes meeting and which runners may have been flattered by race shape? Matt Welsh breaks down the key takeaways from Caulfield.

Matt Welsh by Matt Welsh
February 23, 2026
in News
Reading Time: 5 mins read
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Blue Diamond Day always carries weight. It is not just about the two-year-olds chasing Group 1 glory, it is a genuine form reference point for the autumn ahead. With deep fields, genuine tempo in key races and several horses stepping sharply in trip or class, Saturday at Caulfield gave us more than just headlines.

Some performances were better than they looked on paper. Others were flattered by circumstance. And a few raised genuine red flags.

Here is what I am buying, holding and selling out of Blue Diamond Day.

 

BUY

Saganti (Race 3)
This may have looked only moderate to the eye, but they went out around +4.5L above standard to the 800m, which is well above average for the track and trip. Saganti did all the work on speed while Magnaspin and Sun Gift had soft runs in behind.

Victoria Gold Cup | Magnaspin

The 6YO gelding’s strong run of form continues as he takes over late to win strongly for @benallen44 & @MaluaRacing who combine again for a double ✌️

📺 Ch. 78/68, Foxtel 529, Kayo or via our app
REPLAYS: https://t.co/ZIa4a02wC0 pic.twitter.com/bGiqiXyJMs

— Racing.com (@Racing) February 21, 2026

He has had three runs this prep and six in Australia since arriving from France. Up to 2400m next start, he will be awfully hard to beat.

 

Arcora (Race 4)
This bloke had just one trial leading into his first-up run behind Observer at 1400m. He then went straight to 1800m in the Autumn Classic and rode a hot speed, as is evidence by the other leaders dropping right out. Thought his effort to hang on and run third was super and his Derby run when second to Observer underlines his staying credentials.

Autumn Classic | Single Choice

The 3YO gelding powers home down the outside to nail his maiden metro victory for @LaneDamian & @CumaniRacing 🙌

🥇 Tipped by @HKhutchi on the Tipping Hub
📺 Ch. 78/68, Foxtel 529, Kayo or via our app
REPLAYS: https://t.co/ZIa4a02wC0 pic.twitter.com/sgbuQdgpJY

— Racing.com (@Racing) February 21, 2026

Would have a little concern with him racing inside three weeks off a tough run, but 2000m next time out he will prove hard to beat.

Good race for Matt Cumani with Single Choice super, albeit tempo assisted. Whilst Deal Done Fast was fabulous from the tail, like Arcora he is going to be hard to beat in whatever Derby he is aimed at.

 

Sheza Alibi (Race 5)
No need to go into detail nor superlatives. The replay tells the story. Everyone saw her. Time was nearly identical to the Futurity Stakes, albeit stronger early tempo here aided that. She is every bit a Group 1 filly. Scary thing is, Moody-Coleman runners generally have a good deal of improvement to come first-up.

Armanasco Stakes | Sheza Alibi

Wow! 🤯 The 3YO filly bolts in down the inside rail for a dominant victory for @lil_spaino96 & @moodyracingpgm 💪

🥇 Tipped by @HKhutchi on the Tipping Hub
📺 Ch. 78/68, Foxtel 529, Kayo or via our app
REPLAYS: https://t.co/ZIa4a02wC0 pic.twitter.com/GoSQLfdzop

— Racing.com (@Racing) February 21, 2026

Hard Rock (from his stall at home)
Liked this bloke prior to his debut. Loved him after he bolted in down the straight. Now, he has to rise up the 2yo standings further, despite not racing on the weekend. He belted Zambales down the straight on debut, further underlining how talented this bloke might be.

 

HOLD

Eternal Warrior (Race 8)
It did not look a strong Diamond going in and that may well prove the case coming out.

The leaders controlled proceedings off even early fractions on a day where on-speed runners were not disadvantaged. The race completely collapsed late. Streisand ranked just 64th for last 200m splits on the program.

Two horses caught the eye.

  • Zambales charged through the line and profiles as a natural Sires’ Produce and Champagne Stakes type.
  • Eternal Warrior might yet develop into a Golden Slipper horse.

He got a mile back, was knocked off balance rounding the home bend and only saw daylight for the final 180m. Still, he picked up and sprinted, which is not easy for a two-year-old under pressure.

His two runs this campaign have been excellent. On what he has shown so far, his constitution should hold up in a truly run Golden Slipper.

 

SELL

Rosberg (Race 2)
Pretty obvious this bloke was disappointing. Suggest we may see him come back a gelding. There is clearly ability there on the evidence of his debut win in Stakes company, but he is just not putting in. Revisit once he has the ultimate gear change or starts to turn his form around.

Pallaton dominant in the G3 Zeditave 🏆@cwilliamsjockey @mfreedmanracing pic.twitter.com/xSI5QBOdxm

— 7HorseRacing 🐎 (@7horseracing) February 21, 2026

Treasurethe Moment and Watch Me Rock (Race 7)
She may have led, but she went much slower than she has in several previous races, including the Memsie Stakes she won first-up in the spring. I do not think it is reasonable to say she was not advantaged leading, she has won sitting outside the leader on several occasions. Her trials also suggested she was ready to rock first-up and to use fitness as an excuse is folly when she was beaten by two horses that were also first-up. Another first-up horse in Evaporate nabs her in another stride.

If it was a gut-busting, fast tempo 1400m I can buy the excuse she was not suited leading. But this was a sedately run affair, in fact she would have been 3L off Chateau Eze (who led the Armanasco Stakes) at the 800m mark. I thought Damian Lane rode her well.

It has been a while since the top shelf Perth form has consistently stood up over east and it seems that might be the case again with Watch Me Rock. He was bog average after enjoying a soft trail behind the leader.

 

Also selling myself to having a stinker on Saturday. Be better, Matt.

Tags: Blue Diamond Stakes analysisBuy Hold Sell racingCaulfield race reviewGolden Slipper form guideVictorian racing analysis
Matt Welsh

Matt Welsh

Matt Welsh is the founder of Betsy and one of Australia’s most respected form analysts. A former executive at Racing.com and Racing Victoria, Matt has built a reputation for market-leading analysis, clear communication, and a deep understanding of both racing and wagering. With Betsy, he has assembled a team of trusted, high-quality form analysts dedicated to delivering expert analysis that will arm Betsy punters for a winning day at the races.

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