Jun. 17 at 2:57 AM
$SOFI I've said countless times that
$SOFI as of the last few years doesn't trade on itself. It's tied to a basket. It used to be almost 1 for 1 with
$AFRM and
$UPST in the
$FINX. Now it's more with the
$KRE. When the 'Street' decides to move money around into this sector, it gets spread out over all these things. It will take a rate cut I think to have the $ pile into the sector and thus
$SOFI. But your time to get in is now just strictly on valuation.
$SOFI didn't sell off do to the Qatari thing. Look at the charts of most of the
$KRE. They all have the last same 3 or 4 trading days charts. The point is to STOP looking at reasons for the weakness as anything to do with
$SOFI. It's all out of their hands. If this was a 'normal' market
$SOFI would be trading in the mid teens. Right now the money is focused on QQQ stocks. That's about to change. But remember also - this next run is your exit. Don't think like a long term investor here. There's a monster decline coming that will kill all
