SOFI

aioliravioli

\^mf with 9.5 SOFI shares

DiscePati44

SOFI about to fly again after the news tonight

Radicaled1223

I spend like $10 on SOFI calls because that’s all that was left in my account and it’s close to ITM lol

VisualMod

If you're not buying SOFI at this level, you don't like free money.

Xerxes_Da_God1989

If you aren't buying SOFI at this level you don't like free money.

SlayZomb1

Up on $SOFI? Don't believe it.

chavingia

SOFI AFRM FUBO puts. 100% guarantee win.

Sufficient_Cry2346

SOFI going to fly! one of the worst beat up growth stocks on the path to profitability in next 12 months.

Sufficient_Cry2346

I have officially bottom fished SOFI...wish me luck for a big push into December and next year.

Sufficient_Cry2346

SOFI going to fly until Christmas, so beaten down and catching the shorts

Inside_Sleep_6497

Phew, Cramer dissed SOFI last night, such a relief

Lurk-Prowl

Pls also let SOFI fly

asphaltguy303030

I thought I would be long on SOFI but didn’t realize they have crypto offered in their investment accounts. Between that and student loans, idk how their stock hasn’t fallen to another 50%

Sweet_Sharist

Ya, good luck. 👍🍀 in SOFI, too, right? 😅 😂😛

alanpugh

Absolutely bonkers that SOFI beat earnings, raised guidance, then lost 30% of its value in four weeks because of politics. These 12/9 calls are *not* coming back. Time to reheat leftovers.

FRICK_CCIV

Anyone eyeing CANO? I might slap some calls. I sold SOFI this morning.

Rach1943

I think there is litearlly something to the affect of "if it seems to obvious, its the wrong play". been burned nearly EVERYTIME on that. the more obvious the play, the more likely it will do the opposite. SOFI beats earnings? obvious play is to buy calls. NOPE - puts was the right play. another example was intel - bounced off 40 like 9 times over 5 years. obvious call was to buy calls when it it 40 again. NOPE - crashed below 40.

sure11111

I noticed last week that I was restricted from buying more CEMI and then kinda forgot about it. Went back to look today and SOFI still has buying blocked for CEMI. Anyone experiencing this as well? I have money in the account and own some CEMI already, selling is the only option available for it.

houghtonstreets

Once China reopens, SOFI will moon

Familiar-Hovercraft7

SOFI letsg o

10CrackCommandments-

Daily reminder that i hate SOFI

tallpaulpaultall

Is SOFI a buy yet? I'm getting pretty antsy to buy in here.

eldowns

The market will pass you by? What? Are you suggesting that when SOFI finally turns a profit, the stock will cease to go up? Man, that’s just when it’ll get started. You’re betting on a drag race based off how loud the car is before it even pulls up to the line. At least wait until the light turns green.

FRICK_CCIV

ARQQ at 7.50 & SOFI at 4.50. Make it make sense

10CrackCommandments-

Daily reminder that I hate SOFI

AdMinute7925

I am going to ride SOFI until I die

SlayZomb1

I made a deal with myself last year to never go back to $SOFI ever again. Only lost a few hundred but fuck 'em.

Tfarecnim

Bought some 4.5c on SOFI for next month

FRICK_CCIV

Hmm already down massive on SOFI calls........... nice nice

FRICK_CCIV

Anyone like SOFI here? Might grab some 12/16 4.5c's

Sudden_Neat_5400

SOFI $4.50. I'm buying all of it.

10CrackCommandments-

SOFI is the biggest POS stock ever. Jesus. This trash just goes down with very minimal bounces.

ElvnElvn

anyone in SOFI?

Surge-SoCal

SOFI joined the chat

Miserable-Visual-766

$SOFI will be in $4.50 to $6 trading range for the next 6 months

novacyt

A bit of both honestly. I was thinking of putting 75% in big companies with a name in other sectors for security and 25% in riskier companies but with potentially higher reward. I am thinking of starting to research JPMorgan and SOFI. Used to invest in bio-tech companies also like Novacyt and Biophytis which I earned a nice amount with, but these type of stocks and specifically this sector is performing really bad lately.

eldowns

Totally agree. However, I would argue that those two (great) examples were still better pre-profit investments than SOFI, as they had much larger moats and much slimmer competition. I’m not saying SOFI doesn’t have an edge, but it has a shit load of competition.

eldowns

You’re not wrong - it’s normal for companies to be unprofitable when they start out. But once they become profitable, that is far far from the end of their stock price going up. Again, I’d refer you to major holdings of Berkshire like AAPL, KO, WMT, COST or other heavy hitters like AZO and PGR. If you put your Roth IRA in AZO over literally any timeframe, you’d be absolute crushing it, but at much less risk than SOFI. Think about it - would you rather give your money to a kid whose lemonade stand has a line around the block or one who just started up who claims to have a new incredible recipe? Sure, the second kid might be right, but the first kid has a proven record that money invested into his/her lemonade stand turns into more money. Want to make a small bet on the second kid (SOFI)? Go for it. If you’re right, the reward is great. But the risk is significantly higher.

brownqk

What is SOFI's market? Who is their target demographic? Who is SOFI for? High income individuals who don't already have bank accounts?

slinkymello

Your interpretation of the situation is way too simplistic and I would recommend you not invest in SOFI since I get the sense you’re more of a trader than investor. I would recommend blue chips or Vanguard ETFs; in the meantime, if you want to make some $, I would buy puts if/when this is over $6.00. Current price is great for a starting position if you believe in what they’re doing and their ability to achieve profitability

LaborSurplus

SOFI/CCL two companies that will eventually be bankrupt

Raythecatass

I dumped my SOFI. Too risky. I decided to stay away from banks. Especially now that inflation is so bad. Interest rates are far to high in this environment.

eldowns

I don’t claim to be a stock oracle, I’ve just been investing/trading for about 15 years. Just because a few dozen strangers on the internet unanimously agree means nothing. Remember, we are the dumb money. We are post-IPO. We don’t see the inside. We don’t move the market. Seriously - our opinions don’t matter. Regardless of where the price is, it’s been out there for a reason by people more powerful and knowledgeable than us. Does SOFI have a bright future? Quite possibly - but is your money at greater risk with it than somewhere else right now? I think the answer is yes. Secondly, look at what the people on this thread are praising about it. It’s got lower overhead than banks. It offers higher interest rates. It has the best app. It’s got cool tech that other banks use. It’s beating earnings. Guess what. None of that makes the stock go up. You know what does? Profitability. And SOFI, despite beating earnings (which is great), is still losing money. The day they have an ER report where they’re net positive, the stock will explode. But personally, I don’t feel like risking my hard earned money waiting for that day to come. When they turn that corner, there will be plenty of lower-risk gains to be made.

Zealous_Zucchini

The sheer fact that you got downvoted for providing a legitimate anecdotal story shows how deep this sub is in with the stock. You're not mindlessly bashing, just giving your story and experience. All in all SOFI doesn't look that palatable. Irregardless of the modern banking features they advertise it's nothing functionally new (whether you hold bags or not). It's a very competitive market and the largest players are too entrenched to be disrupted by a run of the mill startup. I'd prefer the binary outcome of a biotech stock over SOFI because the risk-reward ratio just seems to make sense over this bet.

avi6274

So is SOFI not a good stock? Because almost everyone here is praising the company.

Mental-Version2890

Do you use SOFI? I don’t know anyone that does. Understand the product first.

LOLatVirgins

Part of me wants to do this too but SOFI just keeps dropping and dropping even with good earnings. It’s a meme stock prone to heavy shorting so I dunno if I have the appetite for that shit anymore.

Woahgold

I think I’m gonna throw 1k at SOFI tomorrow. They’re still losing money BUT they keep flirting with being profitable and they keep gaining users.

Axolotis

I didn’t say I think crypto is going away. I’m Also SOFI no longer offers any advantage over many other banks in terms of interest rates. 3%+ rates are easy to come by right now.

HesitantInvestor0

[https://money.cnn.com/quote/shareholders/shareholders.html?symb=SOFI&subView=institutional](https://money.cnn.com/quote/shareholders/shareholders.html?symb=SOFI&subView=institutional) You can check it out there. After their latest earnings there's been a lot of buying. Also some hedging with puts.

DragonEra_

Also with their acquisitions - they own the tech infrastructure to turn any other bank/payment processor into a fintech too. As the world becomes digitized and more people use online payment methods SOFI wins by getting more B2B customers on top of their SOFI app customers. It will be a winner, just a matter of when.

No_Cow_8702

Before buying 20 shares of SOFI on the 23rd, I nearly went two months without buying anything. Ready for the inevitable drop to come.

Cathetergravy

SOFI will get bought out

SpiderPiggies

Regardless of their long term prospects, I think there was an over-reaction to the Crypto + student loan news in the short term. Crypto is like 1% of their revenue and extending the moratorium on student loans wasn't exactly a surprise. Certainly not enough to justify it's 20+% drop since beating on earnings. Nothing fundamentally changed about their operations so I doubled down (added at $4.90 and $4.64 bringing my cost basis to somewhere around $5.45). The most worrying thing to me is that SOFI gets a lot of support here on reddit. That alone made me skeptical for quite a while before buying in.

TMWWTMH

I think SOFI is a good investment long term.

bridebreh

I just went long on SOFI. Their popularity is increasing a lot and their market cap seems reasonable. If it goes a lower I might buy more, given that there aren’t any unsolvable problems that arise.

AP9384629344432

The companies that make Android and iPhones are worth trillions while SOFI is a 5B company, which is why I am less familiar with its operations. Moreover, the stock is down 70% YTD so clearly the market might have similar questions about its moat.

albertez

Most of those positives are also true for, e.g., Ally, but Ally is consistently profitable and still trades way below tangible book. It takes a lot of faith and imagination to come up with a bull case for SOFI.

sf_warriors

Yeah consequently they beat 10 quarters and their are trading at their projected 2025 revenue, easily a 4-5x bagger by 2025 https://www.tradingview.com/symbols/NASDAQ-SOFI/forecast/

Future_Ad_2632_

SOFI

SmartEntityOriginal

I mean the business that's getting into auto and real estate. Yea they took a lose past quarter like SOFI. The difference is they were very profitable before this non-stop rate hike. Now that Inflation have peaked they should be going back into profitability soon.

AP9384629344432

Can someone explain to me what SOFI does that differentiates them from a typical bank? Can't JPM/BAC just offer the same products as SOFI?

FuturesAreNow

SOFI. Best robot advisor I've used yet. Been using it for almost 3 years now.

good-times-

SOFI went up 15% last time but the IV crush made calls lose money.

Gay_Black_Atheist

SOFI options coming Monday!

TopBuyer777

SOFI getting hammered today. Ouch 52 week low . Loading more puts

TopBuyer777

Support SOFI everyone here should apply for a student loan

TopBuyer777

SOFI sellers piling on. Here’s sweep under 4.50 . Puts rocking

dvdmovie1

"Fintech Stock --> SOFI and possibly SQ" Hard pass. The continued wanting of fintech to be a thing after the last year is some Cathie-esque (continuing to proclaim something exciting and "disruptive" even though evidence points to the contrary and the market has basically offered a neon sign proclaiming it isn't the case) stuff.

TopBuyer777

SOFI 4.50 puts .02 easy 4-5 bagger on sweep under 4.50

TopBuyer777

SOFI getting hammered again . Another new 52 week low today coming . Loading 4.50 puts

10CrackCommandments-

Absolutley hate SOFI. That stock only exists to steal money from retail.

TheUnbannableFreak

Is there a stock you take great pleasure in watching die? For me its SOFI. No particular reason.

alanpugh

Two weeks left for SOFI to bounce back to the high 5s from the political blows so I can stop regretting my $6c contracts.

qwerty12345qazwsx

Sell calls on DKNG/SOFI/NIO

slinkymello

Puts on SOFI, 100% success rate not even kidding

Stoneteer

No, most is in SOFI. It was all I got from inheritance so there won't be any more allocating.

VisualMod

>You're right, people are idiots if they think SOFI is a good investment. I would never touch that stock with a ten foot pole.

aioliravioli

people think we bottomed because their SOFI is a penny stock yet XOM and MCD is at ATH. Nope your SOFI will become more of a penny stock

aioliravioli

a whole lot of le redditors in this bitch let me guess he "DiDnT fOuNd tEsLa" or "hIs PaReNtS oWnEd a DiAmOnD MiNe" STFU and keep averaging down on your SOFI

SignalIssues

What would make you buy SOFI?

cbusoh66

SOFI is junk, they will run out of money before they can make it to profitability. I still stand by my prediction they will not survive in 5-6% rate environment.

10CrackCommandments-

SOFI has raped me bad this year. The stock only exists to take money from retail.

Jamber_Jamber

SOFI ain't being so fly. Are people actually spooked about this legislature letter about corn fears? More like needed to get their puts ITM

newbie2022rbk

SOFI is worth $0.

Here4ThaMunz

Loaded up on some SOFI 01/23 5c right before the drop. It surely can't continue to go lower can it? 

Lordsaxon73

I’m in SOFI for a while now with a $16 average, probably leverage down with Christmas bonus pay. I use the app I think it’s great 🤷‍♂️

my_trout_is_killgore

I literally cannot give SOFI away,lol

10CrackCommandments-

Got distracted by shitty SOFI tanking this morning and missed out on getting some cheap calls. Stupid fucking stock just finds new ways to cost me money.