$SOFI $SoFi Technologies Inc.(SOFI)$ One thing that you should be confident in is the fact that on every ER the stock spikes up big. It then falls because there's no follow through 'investment' from large firms that buy and hold. Only traders. The point is it shows how many are following SOFI and know its potential by not wanting to miss out - FOMO. FOMO is far more important to people than the risk of losing money. Everyone instinctively knows SOFI is worth at least $15 in this market on pure valuation - which I define as 2-3x book based on that 50%+ consistent growth put up against typical money-center banks with negative growth only able to attract investment due to stable profitability paying dividends. They are basically rental income for large investors. SOFI has yet to turn a profit, but the trajectory is there - possibly next year. A 50% grower turning net GAAP+ stealing money center bank's clients? Trading below book? Seriously? Watch how this turns out.
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