Reddit Posts
Urgent message for anyone who bought any of these tickers: CLOV SOFI WISH SPCE PSFE BB AMC CRSR or any SPAC
SOFI yolo. It’s not going well…might bail on it.
SOFI and upcoming student loans decision
Unsolicited Testicle Reads June 18, 2022 edition
Anyone still bullish on SOFI?
Li Auto is now with nearly HALF of what Netflix is worth. Fuckery afoot in China.
Li Auto - The single most overvalued stock in the stock market is now worth as much as SNAP, ROKU and SOFI…COMBINED
GME, AMC, SOFI, RH, BBIG, MULN? These are just the Medium Caps. 📈 ChatterQuant searched over 800k comments and 500m tweets on Reddit and Twitter to bring you the sentiment data for 6/6. Here is what people are talking about today.
GME, AMC, SOFI, RH, UPST, AFFRM? These are just the Medium Caps. 📈 ChatterQuant searched over 800k comments and 500m tweets on Reddit and Twitter to bring you the sentiment data for 6/3. Here is what people are talking about today.
TASK, SOFI, UPST, OC, AMC, VSCO, DKNG ? These are just the Medium Caps. RDBX and others are in the small caps today. 📈 ChatterQuant searched over 800k comments and 500m tweets on Reddit and Twitter to bring you the sentiment data for 6/2. Here is what people are talking about today.
SOFI, HOOD UPST, TLRY, BYND, BB, GFI? These are just the Medium Caps. RDBX and others are in the small caps today. 📈 ChatterQuant searched over 800k comments and 500m tweets on Reddit and Twitter to bring you the sentiment data for 6/1. Here is what people are talking about today.
SOFI TECHNOLOGIES IS A GREAT BUY
I can't believe my portfolio is underperforming compared to $SOFI
Market made a new low ??🌈 🐻Next target 🎯 $350 SPY
I like TSLA but bulls will be rekt short term
Saw this on the internet today. DEEP down I know SOFI will moon after this sighting.
Anyone can explain latest market actions (last week or so)?
SNOW is about to melt. PUTS before earnings
Older Investors of /r/stocks, what were the 'meme' stocks from the past that turned out to be extremely successful? What were the critiques?
Jimmy Shill: Cheap Hookers, Expensive Divorces and That Thing He Likes - The SOFI Play, Part 4… A Preview
Jimmy Shill: Cheap Hookers, Expensive Divorces and That Thing He Likes - The SOFI Play, Part 4… A Preview
Anyone else feel the same way I do?
Does anyone feel the same way I feel?
Worcestershire sauce, clementines and buzzz: The SOFI play, Part Tres
Going full Baby Bop: The SOFI play, Part Deux
How do you determine a good candidate for a short squeeze ? (Is SoFi such a candidate.
Option Plays, Good or am I aping it?
Bullshit "tech" stuff is getting rekt, how should we approach the weakest links in a bear market?
SOFI down bad after earnings, but is the 80% crash a huge overreaction?
After Hours Gainers $AXON +5.9% $CELH +4.3% $ELY +4.3% $ABCL +4.1% $BOOT +2.7% $SOFI +2.3% $FSR +1.5% $GTLB +1.4% $SQM +1.2% $Z +1.2%
When a trading halt fucks your $SOFI earnings puts (2 pictures)
SOFI Stock Halt - my options have 20x'd and I can't sell
SOFI earnings leaked, beat most of not all metrics
Lemoyne Sleeper to Tempur Pedic: YOLO’ing Golden Corral money - the SOFI play
$BMTX is Profitable with an upcoming Bank Charter in 2H2022 | The Next $SOFI
SOFI 125k YOLO. No 50k student debt reduction makes this a good bet IMO..
And In This Episode Of Who Will Become A Penny Stock Next? $FUBO (new), $SOFI $DKNG $TTCF $HOOD
How to make money in this shit storm
If there is a single stock ready to do a big squeeze is $SOFI, check stats.
$SOFI earnings on 10/5. Is this our next play after ATER?
$SOFI now with more than 20% short interest. Squeeze time?
SoFi company analysis and valuation - Big story and many risks ($SOFI)
Can't think of a SOFI pun that isn't over used.....BULLISH
Here is a Market Recap for today Thursday, April 7, 2022
Lump sum invest $130K or DCA or hold cash?
How the Market Maker/Darkpool killed the 3/29 $AMC Rally
By the time I got back to the Marina I had already missed the $GMC boat...
I know it’s all about MULN, but SOFI short interest is creeping up and was trading 13.xx prior to this Russian nonsense.
Potential inflation/stag-flation plays
What is your highest conviction long term fintech hold at the moment?
$MGLD - The New Money Dance..... Can You Dance?
Are there any high growth/high valuation stocks that have fallen a lot from their highs that you have started buying?
SOFI 35K bought in Jan. Hopefully I will break even after this amazing earnings and guidance
Mentions
SOFI added to Russel 3000 index! 💴💰💴💰🤞
Why I took my profit and dipped out...... ​ I'll be back come December after the PIPE lock-up date. I have enough PTSD from bagholding SOFI.
SOFI added to Russel 3000 index. Massive volumes today. Squeeze next week? 💰💴💰💴🤞
Aborting my bags via covered calls 😎 Byebye FSR, RSI and SOFI 👋
SOFI had a single 40M candle at the end WTF is that a glitch
Good times for SOFI ahead?
excellent time to buy SOFI calls
I really love that I sold over 1k of my SOFI calls yesterday, because apparently that's always how it fucking works. God damn
Wtf even mega tech stocks going up higher than SOFI
Watching SOFI is like watching the Challenger explosion every day.
Well I grabbed SOFI calls just after open which helped ease the pain of the puts I grabbed yesterday afternoon. Definitely a rough time to have went 🌈🐻 though
What I’d give for a huge day from SOFI. It’ll never happen though
I’m holding some SOFI bags. Thanks a lot Brandon.
Individual Account: VTI 28% GOOGL 20% MSFT 16% AAPL 10% BX 10% BAM 8% TGT 4% TMO 3% SOFI 1% Been just VTI and chill to get to 50%. Just been adding to it each month. Keep doing so or should think about adding anything additionally separately?
Need to unload my SOFI bags so damn badly this isn't funny anymore. Cost avg of 20$
Anyone extremely bearish on SOFI? [thinking about loading up](https://www.makingamillennialmillionaire.com/post/could-sofi-fund-your-portfolio-s-growth)
Everyone see the unusual IPOF volume lately? Cowen and Company, a NYC investment bank, is a Miax Pearl Equities member for equities order entry and clearing. They are responsible for the majority of the volume surges on Miax we have seen for IPOF. There is at least one more, unknown at this time, player involved as well, as evidenced most notably in early June and again last Friday when total Miax volume was substantially higher then Cowen volume alone. The trading styles of large R6 Intermarket Sweep Orders in rapid succession, usually occurring in a brief window during each day, is consistent. Cowen traded 55 million shares between May 26 and June 13, another exactly 3 million last Friday and a couple million more this week, and has traded 111 million since the unusual Miax volume began on March 18. Cowen sold 4.8 million shares of their reported IPOF holdings during Q1 2022. This can be seen by the spike in trading in Cowen volume for IPOF in January. However, it wasn't on Miax. Their obsession with trading on Miax started on March 18. Cowen is advising Akili on their merger with Chamath's DNAA SPAC that was announced in January. Cowen and Chamath/Social Capital presumably have a positive working relationship together. Shortly after March 18, Chamath bragged about his SPAC abilities and how he'd be one of the last SPAC sponsor standing. Cowen is not a Market Maker and there is no clear and obvious reason why they'd have this kind of IPOF volume. They have not reported holdings in excess of what would trigger a reporting requirement. There is also no obvious reason why the trading would need to happen on Miax. Social Capital does have a connection to Miax via Syndica, a Social Capital Investment, helping build the infrastructure to allow Miax data reporting on the Pyth Network. On these unusual trading days, IPOF is by far the most heavily traded US common stock by volume on Miax. I do not know with certainty what is happening. But it is not beyond the realm of possibility that Cowen and Social Capital are working together, possibly to fundamentally alter the structure of IPOF to either reduce or eliminate the dilutive effect of either or both warrants or sponsor shares, or to help the accumulation of shares to otherwise aid in a merger. Social Capital and Chamath, via a web of entities like SCH Sponsor, ChaChaCha, and others, are already beneficial owners of a significant amount of Class A shares through derivative agreements on their Class B shares. Chamath likes to use these entities to trade in his companies, and has done so, post-merger, with CLOV, OPEN, and SOFI. Again, I do not know what is actually happening. It is equally possible this good for IPOF holders, bad for IPOF holders, or meaningless. But it is interesting. Anyone want to help fill in the blanks?
Cowen and Company, a NYC investment bank, is a Miax Pearl Equities member for equities order entry and clearing. They are responsible for the majority of the volume surges on Miax we have seen for IPOF. There is at least one more, unknown at this time, player involved as well, as evidenced most notably in early June and again last Friday when total Miax volume was substantially higher then Cowen volume alone. The trading styles of large R6 Intermarket Sweep Orders in rapid succession, usually occurring in a brief window during each day, is consistent. Cowen traded 55 million shares between May 26 and June 13, another exactly 3 million last Friday, and has traded 105 million since the unusual Miax volume began on March 18. Cowen sold 4.8 million shares of their reported IPOF holdings during Q1 2022. This can be seen by the spike in trading in Cowen volume for IPOF in January. Notice how it wasn't on Miax? Their obsession with trading on Miax started on March 18. Cowen is advising Akili on their merger with Chamath's DNAA SPAC that was announced in January. Cowen and Chamath/Social Capital presumably have a positive working relationship together. Shortly after March 18, Chamath bragged about his SPAC abilities and how he'd be one of the last SPAC sponsor standing. Cowen is not a Market Maker and there is no clear and obvious reason why they'd have this kind of IPOF volume. They have not reported holdings in excess of what would trigger a reporting requirement. There is also no obvious reason why the trading would need to happen on Miax. Social Capital does have a connection to Miax via Syndica, a Social Capital Investment, helping build the infrastructure to allow Miax data reporting on the Pyth Network. On these unusual trading days, IPOF is by far the most heavily traded US common stock by volume on Miax. I do not know with certainty what is happening. But it is not beyond the realm of possibility that Cowen and Social Capital are working together, possibly to fundamentally alter the structure of IPOF to either reduce or eliminate the dilutive effect of either or both warrants or sponsor shares, or to help the accumulation of shares to otherwise aid in a merger. Social Capital and Chamath, via a web of entities like SCH Sponsor, ChaChaCha, and others, are already beneficial owners of a significant amount of Class A shares through derivative agreements on their Class B shares. Chamath likes to use these entities to trade in his companies, and has done so, post-merger, with CLOV, OPEN, and SOFI. Again, I do not know what is actually happening. It is equally possible this good for IPOF holders, bad for IPOF holders, or meaningless. But it is interesting. Anyone want to help fill in the blanks?
Cowen and Company, a NYC investment bank, is a Miax Pearl Equities member for equities order entry and clearing. They are responsible for the majority of the volume surges on Miax we have seen for IPOF. There is at least one more, unknown at this time, player involved as well, as evidenced most notably in early June and again on Friday when total Miax volume was substantially higher then Cowen volume alone. The trading styles of large R6 Intermarket Sweep Orders in rapid succession, usually occurring in a brief window during each day, is consistent. Cowen traded 55 million shares between May 26 and June 13, another exactly 3 million on Friday, and has traded 105 million since the unusual Miax volume began on March 18. Cowen sold 4.8 million shares of their reported IPOF holdings during Q1 2022. This can be seen by the spike in trading in Cowen volume for IPOF in January. Notice how it wasn't on Miax? Their obsession with trading on Miax started on March 18. Cowen is advising Akili on their merger with Chamath's DNAA SPAC that was announced in January. Cowen and Chamath/Social Capital presumably have a positive working relationship together. Shortly after March 18, Chamath bragged about his SPAC abilities and how he'd be one of the last SPAC sponsor standing. Cowen is not a Market Maker and there is no clear and obvious reason why they'd have this kind of IPOF volume. They have not reported holdings in excess of what would trigger a reporting requirement. There is also no obvious reason why the trading would need to happen on Miax. Social Capital does have a connection to Miax via Syndica, a Social Capital Investment, helping build the infrastructure to allow Miax data reporting on the Pyth Network. On these unusual trading days, IPOF is by far the most heavily traded US common stock by volume on Miax. I do not know with certainty what is happening. But it is not beyond the realm of possibility that Cowen and Social Capital are working together, possibly to fundamentally alter the structure of IPOF to either reduce or eliminate the dilutive effect of either or both warrants or sponsor shares, or to help the accumulation of shares to otherwise aid in a merger. Social Capital and Chamath, via a web of entities like SCH Sponsor, ChaChaCha, and others, are already beneficial owners of a significant amount of Class A shares through derivative agreements on their Class B shares. Chamath likes to use these entities to trade in his companies, and has done so, post-merger, with CLOV, OPEN, and SOFI. Again, I do not know what is actually happening. It is equally possible this good for IPOF holders, bad for IPOF holders, or meaningless. But it is interesting. Anyone want to help fill in the blanks?
SOFI, a bank for poor people. Sounds like a great business model going into a recession.
You have 6 months and your contracts are pretty close to ITM. I don’t watch SOFI so I can’t say whether or not it’s a good investment. But personally I’d keep a few of those just in case. You’re only down 14%, and you entered the position because you had conviction at these levels. Maybe cash most of your position and keep a couple dozen contracts?
FUBO/SOFI puts. These 2 are gonna get DRILLED the rest of the week.
Sup with SOFI. CEO has lots of confidence
I feel attacked but the SOFI are Jan 2024 and HOOD is Jul 15
I’ve decided to load up on absolute dogshit: NIO 24c 7/1 HOOD 7.5c 7/1 SOFI 5.5c 7/1 You have been warned
Picked up SOFI 5c 7/1s DD? Idk maybe it’ll move or something 
I have added SOFI to my list. It will show up next time. Sorry, but the list of stocks I have is mostly a Russell 3000 list with several dozen other stocks. According to a few sites, SOFI is projected to have 40%+ annual earnings growth over the next 5 yrs, so overall there's a bullish sentiment.
SOFI is straight garbage I swear
SOFI. You can add a little more over time to get to 100 shares and then sell OTM covered calls to make a little money too.
What do you guys think? Sell 10 2024 5p and buy 10 2024 7.5c synthetic long with $5000 collateral. SOFI Yay or nay?
SOFI is a long Hold, not a good environment for calls with this stock, Holdding around 5000 in stock.
What’s the bull case on SOFI?
Anyone else have SOFI? It’s such dog shit. These Jan 2023 $6 calls are just stuck.
SOFI will not exist 5 years from now, maybe earlier. It’s easy to burn through money when Fed rate is 0.12% and the idea that they can use cheap money to expand and grow until they’re profitable, well, Mr. Powell put a wrench into that plan. I would not be surprised if they declare bankruptcy in a year or two.
SPY Calls: ITM VIX Puts: ITM SOFI shares: Green This won't last but I'm enjoying it for now.
Sold to Open CCs: RSI SOFI FSR Already open CCs: IONQ BODY Attempting to sell more RIDE 😠
If you like this HOOD squeeze the you can jump on SOFI before it's their turn!
It's a favorite of shady big Youtubers because it brings views and of the portion of retail that spent a lot of time in memestocks and the GMEmania. Many of which migrated to r/stocks. Personally, I'd stay out of it. I see NOTHING that would make SOFI a worthwhile investment for me. Some general advice: Please don't consider opening a position in any company just because some guy you know believes in it. Do your own work as much as possible, and at the very least try to gage WHY other people like the company, and if there's any substance to it or if it's just hype, propaganda and speculation.
I have been shorting SOFI since it was 20$ so can’t really give you answer but the company is terrible and reverse split actually have made me to add even more dry power shorting it. Closing my short position at 1b market value
ahh SOFI and PLTR...the youtuber favorites. let me guess "Amazon of fintech" and "bank charter" were two phrases he used.
Meme stocks bout to moon in July. RIVN SPCE SOFI CLOV all boutta go up 50% minimum 🚀🚀🚀
Introduction of Options will help SOFI along with Interest rate hikes from the feds always helps banks...
I love SOFI only for the simple fact they're a bank now and have extended hours on trading g and are going to OFFER OPTIONS !!! Retail loves to throw money at options...
SOFI is popular here but there are other online banks that are publicly traded, aren’t SPACs, and actually make money for investors.
Research it. I bought SOFI stock because of the superbowl. It did get some visibility during the game. All Fin and Fintech stocks are getting flatten. Look at Paypal getting bbqed and prices are still falling like a rock.
Down over 50 on SOFI and PLTR.
Demand will be diminishing in traditional mortal and brick stores where they fail to accomodate the needs of aging population. For instance if AMZN can offer free delivery with drones within 2hrs of grocery orders, why would anyone bother to go to WMT? Same goes for JPM/BAC as compared to SOFI/PYPL/UPST (btw when's your last time you actually needed cash? I haven't touched any cash since late 2019) The demand will soar into those companies who can provide the services while the demand will die for those who can't provide the service. This is all deflationary forces that requires QE and unlimited money printing.
okay man you win SOFI to the moooon, fundamentals don't matter bro, such technology wow. When will retail understand burning money is not a good thing, dillution is not a good thing! But cash on hand bro, book value bro. It's sad cause i actually like the stock and company but people are not comprehending that sofi just like robinhood can go bankrupt even though they both have ALOT of money on hand Ty for re -affirming to me the market is no where near bottom yet, don't bother with ur 3 word reply ignoring all my points, i'm done here, I was honestly thinking of selling off my LEAP PUTS for a hefty profit but it seems like there's plenty of room to go down with all the "geniuses" around still
I have only 9 stocks that I am in but my 5 favorite are - SOFI, O, INTC, AMZN, MSFT
TSLA, DM, SOFI, NVDA, GOOG All leaders in their fields (in one way or another, best tech, fastest growth, etc.). The smaller, the more “on sale” they are at the moment. DM is going to help me retire early.
$SOFI trading at book value and only showing signs of huge growth.
You need to read my comment again. I never said anything about SOFI's future profitability prospects. I said they are not currently profitable, therefore it makes no sense to say they are killing it on earnings when they have no earnings. Save the snark for when you've read the comment correctly.
When did I say one shouldn't buy companies that don't have earnings? I didn't say one shouldn't buy SOFI. I simply said they don't make money right now, and that's what "earnings" means. This is indisputable. It's finance terminology 101.
Don’t do anything just hold them, you have plenty of time, and you’re not that far out of the money. Don’t worry about the interest, it’s not that big of a deal. It wouldn’t surprise if SOFI works it’s way back up to 8 by then. The CEO has been a big buyer and the bear market will be over sooner than people think, we’re getting close to a bottom.
$6 calls? I think you will be able to sell the contracts at a profit before that. Just don’t diamond hand it when it does. But a few things that might screw you are 1 SOFI is holding a vote for a reverse split. No bueno if that vote goes through 2 Biden extends pause on student loan payments. This is what really got the SP to tank. 3. Margin- not sure how much margin you used but if there is a sharp drop in SP, worst scenario is a margin call and an account deficit you cannot fund back to margin maintenance. The things you can be more comfortable about is a better than expected Q1 earnings. It wasn’t great, but better than expected. The other thing you have is simple. Time. Your calls don’t expire tomorrow. You are ok with the investment, meaning you knew the risk, so you should be able to stomach the extreme volatility in this crazy market. I would be more stressed if I had $9 calls. Give it some time
$6 calls? I think will be able to sell the contracts at a profit before that. Just don’t diamond hand it when it does. But one of the things that might screw you is 1 SOFI is holding a vote for a reverse split. No bueno if that vote goes through 2 Biden extends pause on student loan payments. This is what really got the SP to tank. The things you can be more comfortable about is a better than expected Q1 earnings. It wasn’t great, but better than expected. The other thing you have is simple. Time. Your calls don’t expire tomorrow. You are ok with the investment, meaning you knew the risk, so you should be able to stomach the extreme volatility in this crazy market. I would be more stressed if I had $9 calls. Give it some time
Man this great info, thank you! I used to sell puts last year on WSB favorites PLTR & SOFI haha tried doing the wheel with them. Now I’m just playing long calls or puts since I don’t have the temperament to handle short term options. Thanks again for all this advice, Maestro!
I might give it a few more weeks. SOFI ipo'd just over a year ago, and like many ipo's, the process of "stabilization" during the initial part of the ipo often generates a ton of short positions, which get bundled into swaps with other shorted stocks. These swaps cause the stocks in them to spike up occasionally, often on a pretty consistent schedule. We’re entering one of these phases next week which should cause upward price movement on these stocks over the next few weeks. Compare the dates of the spikes: https://www.tradingview.com/x/BLwnD5Ye How far apart between spikes? When is the next one? Before Jan I’d wager.
META and GOOG will obviously go back up. I think SOFI will too.
What makes you so sure the future is bright? With the rise of interest rates, SOFI, like many small companies, find it harder to borrow money and will ultimately hurt their profits. Apart from that, most people will think twice about taking out loans with these rises in interest rates. Personally I think any company that makes money off loans is a red flag in these environments.
Your question basically is asking, will SOFI go up beyond $6+$1.45+$TimeCost within the next 7 months. If anyone knows for sure, they will jump in. but no one knows. so when you worry, go back to the beginning and ask yourself, what reason did you build this position in the first place? why do you doubt it now? If you are just like everyone else, once the direction didn't go in your favor, then you start to panic and doubt yourself, you were really just betting. since you are just gambling, act like a gambler, do your time, leave the rest to God. stop asking questions regarding investing and financial analysis. Good luck. that's all you need.
Lol seriously. My Jan SOFI calls are down 82%. But selling calls and buying shorter dated puts this whole way down has me close to even. No reason to sell them now.
Yes. Of course that means SOFI will immediately thank afterward.
SOFI has high volatility so twonweeks out is 0.25$ which is pretty good honestly. The real risk is the real possibility of a further decline.
SOFI, AMD, and PYPL. Oversold with great management and R&D and financials check out. Would not recommend Block atm. Lots of red flags in their earnings much like Twitter in days past.
Don't forget to watch SOFI rocket to the moon the instant he sells.
I've built up 200 shares of SOFI. Glad to hear another manic is Bullish.
Well META and GOOG are a good answer. But I think your looking for more pre-earnings type companies which is a much more of guessing game without earnings to support a thesis. That said, TDOC, PLTR, SOFI, ABNB, RKT, SHOP, TTD, MTTR are all interesting for one reason or another. Many of them still overvalued!
BABA, PYPL and SOFI all definitely could in the next 5 years
PayPal is clearly decelerating. They still have nice FCF, but what is their plan for growth? The era of stimulus and zero rates is over. There many payment options to choose from now other than PayPal Venmo. At the moment they are still on a decent position given how entrenched they are, but competition is heating up and the macro environment is deteriorating at the same time. That’s not good spot to be in. Your right buying SOFI isn’t their only option but imo it’s a good one. You say SOFI isn’t that special, well their growth rate would suggest otherwise. They are greatly increasing members and have multiple diversified revenue streams/business. Their deposits are growing big time on the banking side. “it took us three years to get to a $1 billion of deposits. And it took us three months to add another $1 billion and they're high quality coming from direct deposit customers.” - ceo Anthony noto So if PayPal were to add this it puts them back into a dominant growth position but this time it won’t be a temporary one like it was during stimulus pandemic response
Heavily shorted, and the market is due for a bounce. So it could definitely run. At the same time, bad news just keeps piling on. I could see garbage like SOFI and many others doing reverse splits and falling thru the floor. Then the $6 strike no longer is reasonable. It would be like banking on a $20 strike today. Risk considered, I would sell at loss.
Look into the weeds of a business, typically good quality early stage growth companies have solid gross margins with pricing power but negative net margins due to aggressive reinvestment to the business. Once scale overcomes the fixed costs, you’ll see massive p/e compression as the company matures. Tesla and Amazon are prime examples of this. Companies like NET or SOFI have good gross margins, pricing power, and strong customer retention. They’re focused on growth so they reinvest the “earnings” into different vectors of the business which is why you see a negative EPS. Don’t mix that up with companies that are actually struggling to make money. It’s all in the details.
I would agree with that. I could see maybe end of 2023 there would be more interest, but doubt SOFI would want to consider a take over at this point given they are executing and based on the Sp they’d be selling low so to speak. That said I still think the big dogs are keeping an eye on it. PayPal looks to be in dire straights to me which is why I could see them trying to make a move sooner, but like you said maybe SOFI wouldn’t even be interested. I doubt apple. They want the whole world for themselves and they want to be the masters of their own design rather than take over someone else’s
I don’t understand why you keep saying that. SOFI literally started as a student loan business…. Do you not think people refinance their federal student loans?
Pretty much nobody is refi hence the reason SOFI has had suspend that business/guidance for the most part. Biden is not restarting the payments therefore existing loan holders aren’t refinancing their loans. The pause was done on the basis of covid and the economy shut down. Both of which are no longer viable excuses. The only reason for extending them is political points with voter base. On top of covid/economy no longer being an issue, these extensions are also inflationary as well. That being said student loans are not a big deal for SOFI other than the fact it’s one more excuse for shorts to hit the stock. frankly I could care less what Biden does, just think he should have the guts to make a decision on it one way or the other. If he wants to forgive 50k just do it already….
Mine too. I’m just looking at the sector as a whole. There’s to much competition. PayPal specifically I singled out because of their situation. They were uniquely bloated by the pandemic response and now are deflating. It’s clear they see it too and are worried about it because what they tried to do with PINS. So just makes sense to me at least for them integrate SOFI
Except that has nothing to do with SOFI.
The proposed forgiveness only applies to federal student loans, people! You're talking about an issue that has absolutely nothing to do with SOFI. The government isn't considering forgiving privately-held debt!
The forgiveness only applies to federal student loans. What does that have to do with SOFI?
Agreed. But this goes to what I was saying. the basis for SOFI being dragged down is not based on the companies performance but rather elements they have no control over. Like being dragged down by sector, lumped in with spacs/fintech, and this obsession with student loans. They can’t seem to rid themselves of this fallacy that they are a student loan company even after consistently proving they can succeed without the business. This is why I feel like it’s a good buyout candidate. They are succeeding as a company but failing as a stock.