SoFi Technologies Inc. Common Stock
$0.19 (1.51%) Today
52 Week High
52 Week Low
7 Days Mentions
$SOFI is a really really good example of that. $IPOE didn’t ever ever ever trade sub-$15. SoFi just received their bank charter, Galileo has been an unstoppable force. The minutiae of how well poised for success this umbrella is incredible. I literally am cashing in my sock drawer to buy at this point. Disclosure: 35% of my (21M) portfolio is $SOFI
I can’t be the only thinking the next 2.5 months should be the time used to load up on shares in preparation for recovery curve that takes you into spring and fall. Unless you are buying leaps of course. I have SOFI short term. Ford long term. TLRY to be say I belong here. Yeah sure it’s not 10,000% profits but at least I wouldn’t be fighting the markets and time. Worst case scenario I have rather loooong term portfolio that can be unloaded as needed
Now that the smooth brained moron crowd has cleared out, take a look at $CHPT. They have a similar setup to SOFI last week where they’re hitting lows off of a 52 week high back in the fall (28 -> 12). The short interest is around 14%, so there’s a good chance to ride a similar wave to SOFI last week as shorties start to take big profit.
I think I've got my portfolio pretty stable and ready to weather the incoming storm. Dumped all my tech. Holding mostly value stocks in the shipping/materials sector. Only growth position is 50 shares of SOFI. Have a few calls, but they're dated for APR/JUL. Hopefully I can stop obsessively checking my phone every 10 minutes now
SOFI and PSTH killing me. I hear you. But I do think that the environment is good to start carefully putting money in. I like to protect myself by using spreads, but really need to start learning how to hedge with more discipline
Right. I was talking about other tech firms like OLO, TOST, SOFI, SQ, SHOP etc All of these seem to have close to no debt. All of the ones that you described are platform companies and I think platforms generally have a ton of costs from being a middleman and having to spend on s&m. So I guess we are agreed that platform tech is overleveraged and overhyped. Time for them to die. Also, sorry for sounding a little rude. Just reread my message and I defn did not mean to come across condescending!
SHOP & SOFI are reasonable to cheap imo. I've not looked into TDOC or FVRR recently. At this point most growth stocks I look into are reasonably valued to undervalued. UPST is very cheap, although it's bounced quite a bit the last couple of days. That said I tend to only buy growth stocks which are top-in-class businesses in large growing sectors. While I might think something like FVRR & TDOC is cheap I would be nervous about the sectors they operate in. I don't think it's clear how big their TAM is yet which means you have to believe both in the company and the growth potential of the sector overall. I will buy into these kinds of stocks from time to time as short-term plays with UPST being an example of that, but I would view these stocks are more risky.
They are both fintechs. Both do stock and crypto trading. Sure $SOFI does student loans and and more banking shit but I wouldn't say they are "completely different things". I think $SOFI just has a lot of worthless low margin sectors it is involved in. Student loans are probably the worst over-regulated loan sector you can be involved in.
As a holder of SOFI shares, I only felt it was right that I open an account. I'm quite impressed with their services, website design and ease of opening the account. They also offer a bunch of rewards for various things you do with them. The only thing I'm not liking so far is that they don't accept Zelle payment yet.
So I was feeling Bullish this afternoon and instead of buying SPY calls like usual I went all in on SOFI July calls instead... Its chilling at rock bottom after the charter news and upcoming Superbowl exposure. I think it's charter rally got cut short and reversed right when it was starting. Any other SOFI bulls in here?
It’ll probably be like SOFI when they got the bank charter. Propped up for a day or two and then continue to follow the broader market weakness. This is probably the worst time for any stock to have any good news. Once the market finds a bottom though be ready to load up on these stocks.
You have to target very specific stocks. Good companies that have already been crushed. I just bought SOFI yesterday because it's such a low risk entry point at this level. But Apple, Amazon, Meta, and Microsoft haven't been hit yet, and NVDA isn't done. Earnings are coming up so be very careful (look what happened to NFLX).
Consolidated my positions into: **NOK**: 1200 - holding 1k, selling 2 calls \~monthly **PLTR**: 300 - hold 100, selling 2 calls \~monthly **SOFI**: 300 - hold 100, selling 2 calls \~monthly **HUT**: 200 - hold 100, selling 1 call \~monthly **BBKCF**: 1000 - cheap gambling **TSLA**: 5 - sold most of mine last year, just keeping 5 in case it ever splits again, may sell to buy more of something above