$SOFI
Added 2023-10-25 16:05:54 +0000 UTCFinance stocks continue to be hurt and with the Yields bouncing again today, and a French payments company world cuts its FY targets.....this has damaged a lot of finance stocks today too and not just $SOFI.
We can see on the chart that $SOFI is struggling at its 200 Day MA and if it loses this at $7.23, which it is just slightly below right now, then we have it coming a lot lower.
Earnings are due next week and this could help save this decline and get the price back above the 200 Day MA....but their guidance will be a concern.
Some members hold $SOFI, some have $PYPL and $SQ. I think the best course of action is to just hold and add if there is a large decline. These are still strong companies but under enormous pressure from macro conditions right now.
Comments
Looks like 8 is coming!
Be Blessed Enterprise
2023-11-01 22:08:44 +0000 UTCSofi take me to the promise land!
Be Blessed Enterprise
2023-10-25 19:33:44 +0000 UTCAt 4$ I will triple down literally meaning this will become a 25k position
makis
2023-10-25 17:19:09 +0000 UTCDown to Wave 3
Gareth Neary
2023-10-25 17:17:50 +0000 UTC“Large decline” what do you mean cap? -5% ?
makis
2023-10-25 17:15:43 +0000 UTCHolding both is painful 🫠
G
2023-10-25 16:29:33 +0000 UTCUnless something crazy happens with macro conditions or the company I don’t see $4 and $5s…. No doubt on the chart but this one company I follow closely.
Steve Suric
2023-10-25 16:23:07 +0000 UTCThe company is guiding to be profitable as of next quarter (q4) The guidance should be strong unless something material changed in the last 60-90 days. Will get a pop and a selloff. Next ER after this one on 1-30-24 will be telling.
Steve Suric
2023-10-25 16:21:16 +0000 UTCHolding $pypl and $Sofi long term. Will add more if it dips into the 6
Frederik Dalgaard
2023-10-25 16:13:14 +0000 UTC
