SOFI
SoFi Technologies, Inc. Common Stock
stock NASDAQ

I've made this mistake too many times in the last 3 years. SOFI, CNC, INTC! (Bought 3000 shares when it was at 19, sold at 25 and thought It would go down from there 😭)

What's funny is fintech isn't even specialty. I couldn't speak to the fine details of the industry. But surely people can look at companies like FISV and PYPL share price collapsing (or even companies like SOFI where the valuations get way ahead of fundamentals and eventually fall back to planet earth) and see why this industry is so volatile and unpredictable that it makes for a terrible long term buy and hold investment.
It's arguably one of the most cutthroat industries there is. And unless you're a company like Visa or MasterCard, any competitive edge has a very short shelf life. Maybe a few years or so but it's kinda like one of those areas where "you're hot until you're not."

SOFI trades like a meme stock… I always buy it when it drops 20%… sell it when it goes up 20%… wash, rinse, repeat…

Need to add SOFI too

For MSFT and NET its decently low, but for SOFI I messed up and bought at like 26. Not a lot tho luckily.

NFLX, SOFI?

I will probably start to take profits if it hits 500. Cause at this point i just think that money could be in stocks with more short term upside. SOFI and others just look like bargains which can still double. in 12 months. At 500 I don't think AMD can.
Here are my thoughts. From the peak of NOV 21' to about JAN 26' (a bit over 4 years) the stock went up from at peaks of about 150 (late 21) 200 (24) and 250 (JAN of 26). It has gone up about 67% in those 4 or so years. That isn't much better than the NASDAQ or SP500 on a stock that should have been a growth stock. you had to pay a premium for. We are now seeing the gains of the foundation of those years. I don't believe we stay on that steady trend. This is the adjustment to the investments AMD has made. So i don't think we ever see 300 again on this stock. So IMO to take value before 500 is a bit early as i'm not convinced the momentum has stopped. A lot of people have already taken value at 400, 425 and now 450. And that has not stopped the rise. To me the momentum and value here long term is too strong. Some people probably just plan to hold for 10 years.

NU INTR and SOFI are all great longs. NU and INTR are both down because of the Brazil default problems, but they are not overly exposed to bad loans so should do quite well longterm

SOFI is rough. at least you have a better thesis for recovery than i do with INTC. how far underwater and what strikes are you running?

Don’t follow the euphoria. Think and prepare for the next one. I think SOFI could have an amazing bounce back later this year

SOFI stinks, I have been hurt by it more times than I can count.

My concern is that SOFI hasn't been through any recessions before.

AI stocks have gone parabolic in the past couple of months. It seems everything remotely is related (such as ai infrastructure, construction related, cooling systems) has been going straight up. Meanwhile other stocks that are posting great results are doing nothing (eg. MELI, SOFI).
Memory seems crowded now, everyone piling on smaller stocks that have been flat for ages, and now gone up 300% in the last couple of months because they're memory related. Reminds me of the shitco/spac/EV bubble of 2021.

SOFI was on my list until they hit the earnings, I have not yet invested in SOFI but it definitely deserves the attention.

I too got assigned on SOFI. lol

MSFT & SOFI

MSFT & SOFI

The SOFI/ Anthony Noto cult is totally bewildering to me at this point. In one of my accounts I bought shortly after the IPO (FIVE frickin’ years ago) and I’m down about 25%.

ALL IN MSFT & SOFI

ASTS is a better deal, better know and it is working with other companies in the space industry too. but hang onto your SOFI too...better safe than sorry it might go up in the long run.