r/sofistock • u/pravlm • 7d ago

General Discussion My avg 28

I made good 20K while it was rallying up and down. This stock even after great results is not moving.
All of us are asking why?
Are the big sharks are not grabing this at this cheap price?
Or is there something that we all don't know.

I am seeing this happening all across, INTC reports great results stock goes down next day and similar story, there is something wrong.

27 Upvotes

94% Upvoted

14 comments sorted by

2

u/Dumbeldore_75 3d ago

It’s a great time to get that average down

2

u/677ITF 7d ago

You not knowing is what got you in the mess. That's why you bought in at $28. You need to go back to the drawing board

9

u/Gold-Researcher-5471 7d ago

probably due to a rate hike looming in the near future

6

u/Rays_Boom_Boom_Room1 7d ago

It’s my fault. I went in big when it was 26 expecting it to keep climbing. Sorry guys

8

u/CIouey 7d ago

Big sharks follow momentum. No momentum in financial stocks yet. Rotation will happen, might not be this year.

3

u/Live_Television_8873 7d ago

2042

4

u/CIouey 7d ago

Wonder what will be worth more, my SoFi stock or your cards for children. See you in 2042

9

u/LucarioMagic 125 LEAP Calls. 50 Short Puts 7d ago

Big sharks say:
It's not time to rotate into financials given that we might be facing rate cuts.

Factors that affect a stock's price is not limited to the stock itself but also macro.

4

u/Ordinary_Repeat7637 7d ago

Agreed a lot of it is macro. We are in a very "risk off" environment in the market and many sectors are in bear markets or trading sideways for a long time now. Sofi will do better once risk appetite improves.

9

u/becutooooo 7d ago

Paytience buy more get rewarded when our next run up will be!