$SoFi Technologies (SOFI.US)$ I really don't think there's a...
$SoFi Technologies(SOFI.US$ I really don't think there's a rush to buy if you pull a chart and you look at the volume Spike today it's mostly sells obviously there are buys but predominantly sells and it's the largest going back many many months that means people are dumping that also means that there's going to be a lot of overhead on any uptick there's going to be a lot of limit orders to sell so unless you have a very call it a year outlook I think it's very limited in terms of The upside and all you have to do is pull it to your chart on the stock and you can see how it's been flat line right around the $7 range for quite a period of time so what's going to be the catalyst to make it move you need interest rates to be cut that's what needs to happen
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35+ yrs in the trenches, raised tens of millions for start ups, syndicate ipo's, yrs on trading desk mkt maker.
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70130849 : it's renowned company to be down after even good earnings.
Stonks33 : Yeah, they paid a lot of money to manipulate the stock so just go ahead and capitulate already.
10baggerbammOP 70130849: well you have to decide if you stare at a stock waiting for it to go up it's like watching paint dry or grass grow it's not going to happen and it's quite evident that smart money is leaving in droves today and closing out positions. so if you buy it you better plan on holding it until rates come down because that's when banks that are you know call it small cap because that's what this is they will benefit from lower interest rates. it really doesn't seem that anything they do gets rewarded they retired 12 and a half percent debt in a convertible note that does dilute shareholders but only when the stocks in a much higher price and they save from paying a very high interest rate so strategically it was very smart but yet the stock gets smacked so that's why I'm saying there's not a rush to buy. and that's why I proposed to people rather than just going by it to sell a put collect the premium and you can do it every week and you'll make money every single week on the stock by collecting the put premium and if it does fall well then you get put the stock at a lower preset price then the current market and in the interim you're making a premium once a week you can do it