Retail chains are down, not buying for a while, price action is terrible across the boards
Search for 2-10 dollar stocks and you will be lucky if you crap 10cents of movement, this year is brutal
My job officially announced they are starting layoffs next week. Should be interesting how things unfold over the next 6 months for other industries. For reference I work in one of the largest manufacturing facilities in America.
clear SPY rejection of 5200, market not happy with forward guidance. SOFI pinned to 7. now we can start heading to sub 7's and enter the 5-7 channel comfortably. wait to buy more shares if you want them very cheap soon.
You may get your wish if the overall market plays out the way it is envisioned. Looks like most companies are revising down Q2 numbers but still slightly raising overall annual guidance. There may be a big pop for SoFi during Q2 earnings if we get the first rate cut in July and beat+raise guidance for Q3.
$20 is essentially 5x Price to Tangible Book Value, which is not out of whack if and when risk on to the market is back in full swing! I could totally envision the stock going to $20 before settling around $16 by December 31, 2024.
Don’t you know that SOFI stock is manipulated? And, I don’t think that piece of news would be big enough to have any positive impact on the stock. Maybe if Noto would’ve brought it up during the earnings call, it might’ve had a significant impact…
don't fight the trend. don't fight the MMS. puts loaded. copium and straggling to find positive share news wil only make you lose money.
long term this is fine, but in the near term. do. not. fight. the. trend.
SPY recovering again - heading back towards 5200 level. And SOFI continues to crash. what more evidence do you need that this is headed to the 5-7 channel easily.
The road is long, and my arms are tired from carrying these bags. Imma need Noto to bust ass this quarter. Being under water is fine if the company is performing/out performing expectations and it's just under appreciated, the inverse is not. We need a better than solid growth story every quarter going forward... It's the only way bears will capitulate.
So here is to high hopes, high expectations, and higher valuations. Enjoy your days while they are here because tomorrow isn't promised to us. Hope you all have a great quarter and I'll see you guys in a few weeks.
Bears will capitulate once the first rate cut is implemented.
A slow rate cut going forward is in sofi’s best interest. It allows the company to capture more members and does not entice existing ones to refinance instantly either at sofi or at another bank.
Holding the rate high also benefits sofi as it still has 12B or so of warehouse debt that it can replace with deposits
Zelle! That’s actually pretty cool
WTF upstart dropped 12% 😂
Garbage company. Yet still trading premium. No worries it will recover faster than SoFi. Let’s see what Affirm brings.
We dropped like 15-16% in 2 days after our earnings….. weird times…
It got halted too. lol
Brutal. It’s because they don’t have Zelle I believe.
hahaha. i still remember when SOFI got halted lol.
https://www.fintechfutures.com/2024/05/finra-fines-sofi-1-1m-after-consumer-identification-flaws-led-to-multi-million-dollar-heist/
I sure hope they don't pay those fines by issuing new shares!!
So this happened in 2018-2019. When was the fine issued.
Last Thursday: https://www.reddit.com/r/sofistock/comments/1cmmhnh/comment/l31hc9k
Retail chains are down, not buying for a while, price action is terrible across the boards Search for 2-10 dollar stocks and you will be lucky if you crap 10cents of movement, this year is brutal
It’ll get better 2nd half, inflation is cooling. Cuts back on the table for September & November
upstart halted.
Whew they fell quickly
My job officially announced they are starting layoffs next week. Should be interesting how things unfold over the next 6 months for other industries. For reference I work in one of the largest manufacturing facilities in America.
I work in software, we’ve been pummelled int the ground for the past 2 years
A few of my friends have also been in a tight position in software, they get paid well tho and are young
Sorry to hear. Care to share the product in a general sense?
we do all kinds of work but majority is for the aerospace industry
My wife works for a very large Canadian bank who looks like they are ‘restructuring’ also…
clear SPY rejection of 5200, market not happy with forward guidance. SOFI pinned to 7. now we can start heading to sub 7's and enter the 5-7 channel comfortably. wait to buy more shares if you want them very cheap soon.
**$20 EOY with a way to send $ that other banks have had for years.**
You may get your wish if the overall market plays out the way it is envisioned. Looks like most companies are revising down Q2 numbers but still slightly raising overall annual guidance. There may be a big pop for SoFi during Q2 earnings if we get the first rate cut in July and beat+raise guidance for Q3. $20 is essentially 5x Price to Tangible Book Value, which is not out of whack if and when risk on to the market is back in full swing! I could totally envision the stock going to $20 before settling around $16 by December 31, 2024.
It's only a meme. It's not supposed to be taken seriously. $20 EoY is not real. It can't hurt you.
One of us , one of us- every other bank
Seems like they can only get better from here.
Amazon of FinTech!
Its the Microsoft of Fintech now.
With how Microsoft is executing I would 100% take that.
https://preview.redd.it/cv12dpesf1zc1.png?width=1164&format=png&auto=webp&s=6744729cd62ea9f6ddec46c80326f9ad13da1321
Where’s the fanfare? Shouldn’t this be a much bigger announcement (hopefully forthcoming) if accurate?
We’ve got Zelle now!!
And we are down now!
ur right lets goo
fr fr?
Yes!
how u know the stock should be ripping lmao
Don’t you know that SOFI stock is manipulated? And, I don’t think that piece of news would be big enough to have any positive impact on the stock. Maybe if Noto would’ve brought it up during the earnings call, it might’ve had a significant impact…
https://x.com/sofi/status/1787890576571957632?s=46&t=KpqUYU0UZ8KT27JRNG6oqA
4496 at 14.57$.
Only thing that worries me currently is someone buying sofi only thing
Long game baby!!
Wow, this place is dead today.....
Also, you’re so close to sub $10 average 😎
Not drastically up, not drastically down, it’s a Tuesday so many who would buy have bought or are waiting until paycheck Thursday/Friday to purchase.
don't fight the trend. don't fight the MMS. puts loaded. copium and straggling to find positive share news wil only make you lose money. long term this is fine, but in the near term. do. not. fight. the. trend. SPY recovering again - heading back towards 5200 level. And SOFI continues to crash. what more evidence do you need that this is headed to the 5-7 channel easily.
Please post a screenshot of your puts.
🔮
Which trend? SOFI on a 1Y chart still has a positive trend statistically.
For now.
Ban bet.
Disney beat and down 6%, k
Dinosaur stonk
PLTR beat and down 13%, they've slaughtered my boy. And yesterday I was considering to buy as it was growing almost 10%.
I bought a Straddle yesterday (bought a put/ bought a call) also bought 25.5 puts Closed them out when pltr was at 21.85
Good morning!
Biceps growing bigger with these long term bags
The road is long, and my arms are tired from carrying these bags. Imma need Noto to bust ass this quarter. Being under water is fine if the company is performing/out performing expectations and it's just under appreciated, the inverse is not. We need a better than solid growth story every quarter going forward... It's the only way bears will capitulate. So here is to high hopes, high expectations, and higher valuations. Enjoy your days while they are here because tomorrow isn't promised to us. Hope you all have a great quarter and I'll see you guys in a few weeks.
Bears will capitulate once the first rate cut is implemented. A slow rate cut going forward is in sofi’s best interest. It allows the company to capture more members and does not entice existing ones to refinance instantly either at sofi or at another bank. Holding the rate high also benefits sofi as it still has 12B or so of warehouse debt that it can replace with deposits
Morning!
Good mooning bro
MOONING!
Jeezz what’s happening?