SoFi Technologies Inc (SOFI)

[EnchantedTitan62]

According to Fintel, 18 percent of float is shorted.

[JJ8]

Sofi share price Long Tail up on 16-July-2024.
An alert for price likely adjustment. GLTA

[MightyX]

Closer to $12

[JJ8]

SOFI share price had a Double Top Breakout on 10-July-2024.

It's time for SOFI to make an up move.

It's been the disappointing laggard in my Port.

Hopefully, it will finally make a move to the $9 level for a start.

We shall see.

Cheers & GLTA

[MightyX]

Nice premarket $7+

[DRJ69]

You are correct, believe they have had two or three quarters of positive earnings, would love to see a nice boast in earnings for this 2nd qtr.

[MightyX]

May have grabbed the last of the $6.50’s

[BigHeis]

Agree, sure hurts to see other stocks go up so much quicker… we will be rewarded in the end. Patience. Maybe some BIG surprises on 7/30 earnings report!

[DRJ69]

Good for you. I got involved in the IPO, did not have alot of shares but pocketed about $6-7K and after it dropped, I started buying in, my cost basis is around $11-13 bucks but have been buying more to get it lower. Long term, this will be a big winner but need to be patient.

[BigHeis]

Yes, you and I have the exact same thoughts. I did already pocket 50k on this stock last year when it went from below 5 to above 11, but of course I started buying again when it dropped below 7. I am hoping for another double and for it to keep going as the rates start dropping by the fed

[DRJ69]

Yes and by reducing debt, they decrease their interest expense substantially which obviously will help them increase their earnings. I like the CEO, and they are a different type of bank, not the normal brick and mortar bank, kind of like a hybrid bank and fin technology company. Young people are leaving brick and mortar banks for companies like this. I have been disappointed by the stock price action so far but believe this could be a big winner down the road, the question is when? a year, two years, three years, etc? They are growing their revenues, just need to grow their earnings now.

[BigHeis]

That was the intent of the last public offering. According to Anthony Noto, CEO, they did the offering to reduce debt. Looks like it is working so far.

[MightyX]

Back @ $6.59

[DRJ69]

Total debt is $2,895 Billion as of 3/31/24. Just looked at the financials on Morgan Stanley, good improvement from the previous quarter. Will be interesting to see if it keeps decreasing with this next quarter's financials.

[infamous]

i can see SOFI EASILY going back to 5.00 IMO. 5 bil in debt? huh?

[infamous]

SOFI STILL has like 5.8 billion dollars in debt. wth??? crazy. how are they still in business????

[MightyX]

When the sophisticated traders return

[girlfriend]

What's up dude? When this POS getting to 8.50?

[$Pistol Pete$]

Got it

[UpTickMeA$AP]

They thought it would create favorable optics for institutional players, and lure some in...

Unfortunately, that didn't work...

Noto clown is all about optics, and feels... I think he's a bit to woke. He once announced that sofi would fight against sexist Artificial intelligence. While in the world of reality, he should have been addressing the huge debt load, and lack of profitability.

They need a new CEO.

[$Pistol Pete$]

What is the reason for the reverse split in 2022? I am reading this one

[Monksdream]

SOFI new 52 week low

[girlfriend]

Yeah miserable chart.

[UpTickMeA$AP]

Sofi is a giant turd, wrapped in a turd. I'm thinking bankruptcy will eventually come.

As of 2024-05-30, the Fair Value of SoFi Technologies Inc (SOFI) is -0.84 USD. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 6.85 USD, the upside of SoFi Technologies Inc is -112.3%.

https://valueinvesting.io/SOFI/valuation/fair-value#:~:text=As%20of%202024%2D05%2D30,Technologies%20Inc%20is%20%2D112.3%25.

[girlfriend]

6.44. your troops are headed in the wrong direction.

[BigHeis]

I am buying…

[girlfriend]

Poster MightyX here says stock marching to $8…!

[BigHeis]

Would be nice, someone needs to rescue this thing. No news and dropping like a rock…

[EquityMonster83]

Starting a position. Should start to move higher soon I would guess.

[infamous]

lol youre funny

[girlfriend]

Nope.

[Porterhouse10]

Those were 5/31/24 calls, already cashed them out $SOFI

[Lokotony]

So I had this when it was much more, sold for a loss and would have NEVER thought that buying in at $7 was going to lose me money AGAIN. What a targeted stock!

[ks7777]

How far out are you going?

[bwrbad]

like the banking platform

[UpTickMeA$AP]

Nonsense. Sofi is a giant turd, wrapped in a turd. I'm thinking bankruptcy will eventually come.

As of 2024-05-30, the Fair Value of SoFi Technologies Inc (SOFI) is -0.84 USD. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 6.85 USD, the upside of SoFi Technologies Inc is -112.3%.

https://valueinvesting.io/SOFI/valuation/fair-value#:~:text=As%20of%202024%2D05%2D30,Technologies%20Inc%20is%20%2D112.3%25.

[Lokotony]

The price on this is such BS!!!!!!! Worth way more, but definitely being manipulated!

[MightyX]

Or the algo codes are designed to trace his trades.

[Porterhouse10]

52 week lows Cometh, LESKO BRANDON!

[Porterhouse10]

Puts at the resistance and Calls at Support best way to place bets with options, otherwise NOTO is scamming his shareholders, He sells high and buys back lower to cover his criminal activities $SOFI

[JJ8]

Keep looking. It's a boundless Universe.

[MightyX]

Looking like break over $8 this week

[Porterhouse10]

The Calls and Puts are inspiring free beer and hooker money $SOFI

[JJ8]

I need a latte, too!

[MightyX]

You stick to your narrative…I’ll do the same

[girlfriend]

Logic? Logic don't work in the market. LOL.

But I hope SOFI goes to $100 for you!

Have a great weekend!

[MightyX]

Logic

[JJ8]

What are you basing on your optimistic projection? Tell us.

The Fundamentals are not too good. The technicals are uninspiring.

Cheers & GLTY

[MightyX]

Watching for break over $8 into $10-$15

[Porterhouse10]

Watching resistance for $PUT orders $ SOFI