Aug. 19 at 8:55 PM
$SOFI All fintech charts looking very similar.
SOFI is lagging far behind in terms of chart recovery because for some reason this one is so heavily shorted.
$BULL $CHYM $HOOD have way lower short interest.
Bears see a crap stock. But if you’re a bull who knows how momentum works it’s pretty clear the biggest play for a PPS spike is SOFI. 15% of shares are shorted and even if it moves in sympathy with other fintech tickers there will be short covering to the tune of about 100 million shares before they’re level with competitors.
The Piper Sandler coverage at
$28. As well as other analyst positivity shows that SOFI is in fundamentally great shape and the Muddy Waters FUD had no merit. Additionally the PEG ratio is 0.85. That’s crazy. HOOD IS 2.08. SOFI could double and still not outpace the HOOD valuation.
SOFI will move last, but it will move largest. Anyone who wants life changing money needs to be paying attention.
