Quote:
Originally Posted by jcardstore
I've been buying SOFI all the way down. The sell off doesn't make sense to me because their business prospects haven't changed.
Well it kinda does, they aren't profitable and basically everything growth has been getting smacked. The path to profitability with considerable growth is there imo so I'll keep buying.
I bought 100 shares back in September around 15. Bought 100 more a couple weeks ago around 18.
I also bought Jan 20 23 50 calls and this morning bought Mar 18 22 20 calls.
I'm still very much bullish on SOFI looking a couple years out.
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I still like it too. Considering taking the loss to offset taxes and move to my Roth. There could still be more downside but you're right. Not much has changed other than some other stocks getting smoked.