Aug. 9 at 7:19 PM
$SOFI Can you not read?
I said barely anyone would have bought at
$17 and then not bought BELOW
$17 when the stock was trading at a discount.
Obviously people bought at
$17. People would also obviously have bought at
$26.
The part you're misunderstanding is that most people buying the stock at
$17 thinking they were getting a good price will have bought more BELOW
$17 to lower their average.
That's how SOFI investors in favourable macro last year found themselves comfortably beating the S&P over the term of their investment.
Even after this YTD drawdown in FinTech stocks, the average investors have been able to capture on SOFI through consistent DCA since IPO trumps the returns they'd have got investing the same way into S&P. And that's with the price at these depleted levels after broader multiple compression in Crypto AND lending... let alone when macro is again favourable with how the business has been improving.
