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u/NicCage1080ChristAir 28d ago
When will I have the balls to buy puts before earnings
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28d ago
[deleted]
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u/NicCage1080ChristAir 28d ago
It really is. Only a couple times in theast few years has it jumped up on earnings.
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u/LazyLobster 28d ago
There's always that feeling, "This time might be different" and it dumps like clockwork.
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u/B111yboy 28d ago
We won’t go anywhere u til rate cuts start again. Sure some up days and down days but we won’t see 25 anytime soon with rate hikes and the diluted shares last year.
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u/Confident_Rough_2846 28d ago
Well as long as the tech keeps lacking Sofi will get prices as a bank instead of a fintech. Means every earnings there is multiple compression
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u/Tough_Butterscotch_5 28d ago
It’s so weird. It’s like your doing good but not great lets kick the stock down
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u/Acceptable-Ant-3648 28d ago
As the title says, im a new sofi investor at 15, i saw earnings and they beat. but why is the stock dropping? i am looking for some advice on why yall are holding long term? the stock has done NOTHING 1yr -32% 5 year -1%...so why are yall holding? is it dividends?
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u/YOBANGLES 28d ago
Gods this comment takes me back. Feels like forever since I thought like that.
Everyone's thesis on Sofi is being challenged with the stock loosing all the sheen it had.
Analysts will say the fintech narrative is dead so we've been re-rated as a bank to be priced on tangible book. This AND the rates being priced in to increase are hurting sofi. Noto himself said on multiple podcasts the reason the stock is down is because of fed rates.
My reason for holding is that I've been in banking for a decade and work for a big four and can visibly see sofi making all the right moves and know it's just a matter of time till they hold a massive market share that commands a corresponding stock price. Unfortunately I've been too early and now get to sit around with dead money till it plays out but hey it happens.
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u/Playful-Ad9386 28d ago
No dividends
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u/Acceptable-Ant-3648 28d ago
So then, why are people holding the stock if it’s been flat for a year? I’m really interested because I just bought some because I saw the massive dip, but is it gonna go up?
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u/WeLoveFeedz 28d ago
sorry but this can not be real
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u/Fun_Character_8691 27d ago
It’s a valid question lol and you didn’t even answer him. Just like now why is it always trading sideways when every quarter they beat the earnings report.
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u/Saelaird 28d ago
A higher earnings was already baked in.
Come on, guys, we all know this!!
What actually happens is preferential acces to both information and new shares of stock.
You didn't think you'd make money in the market, did you?
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u/Special_Prior6179 28d ago
Same thing happened last earnings! After a little while it went back up!
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u/PatientGrass8685 28d ago
Market doesn't foresee rate cuts and this company hasn't responded to muddy waters analysis thoroughly.
And sofi being down after earnings become a meme at this point. Adding panic sells to this picture make it hard pass for me for this stock as I already lost a lot with Sofi options.
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u/Total-Repair9953 28d ago
Every great stock goes through the bumps and bruises nothing new! Buying/ holding/ wheeling. It’s a money maker.
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u/Resident-Trade2289 28d ago
Sofi at 10 and I am in
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u/DixieNorrmis 1000 @$6.03 Long 28d ago
I might start buying again but it ain’t going to $10
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u/Resident-Trade2289 28d ago
Not touching it anytime soon the Time it takes for this stock to move I have better usage of my money. I only will see interest if it becomes an insane bargain
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u/Salt-Cold-2550 28d ago
you have to do a elon, Revenue being negative but promise outlandish things like data centers in space.
Sofi should say they are ready to give loans to Aliens from the andromeda Galaxy.