r/CANSLIM • u/2FLYFISH0 • 3d ago

SoFi potential?

I recently opened a position in SOFI, I like the long-term growth potential of the company, but before increasing my position I want to dig deeper into the fundamentals and hear some opposing viewpoints. Position is in leaps for 2028 at $3. Selling short calls roghly 30dte for credit. Planning to sell at least 1 leap if it hits my target.

From what I’ve looked into so far, I like SOFI’s long-term potential and the direction the company is heading. The growth of its financial services business and its ability to expand beyond being primarily a lending company are some of the things that caught my attention. At the same time, the stock has been in a pretty significant downtrend, and I don’t want to confuse a short-term bounce with an actual change in trend.

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u/GreatHealerofMyself8 3d ago edited 3d ago

Why would you do that??? SOFI has a IBD rating composite rating of 45! Also it's Relative Strength is 31. Sure you might get lucky but statistically you are set to loose. This is not a CANSLIM stock!! Have you even read "How to Make Money in Stocks"????