Jun. 28 at 2:42 AM
$SOFI: There are certain play I love such as betting against short reports and overreaction plays. This is an overreaction play. You can see about a position tonight or wait till Monday as it may splash a bit more. It is sitting at over 40% short float. It dropped big last week because the insider lockup period expires on Monday. This lock-up does not apply t0 the
$PIPE investors. If you look at
$UPST and the overreaction that brought it down to 116, it then ripped back up to 135.
$SOFI just crossed the 50SMA and has the lowest oversold on the RSI and has the potential to gap up to 20.8