3 Reasons to Steer Clear of SoFi’s Sinking Ship

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3 Reasons to Steer Clear of SoFi’s Sinking Ship

investorplace2022-03-16

The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks since, it’s tumbled to $8 for a roughly -40% thrashing. Such a move in a year would be terrible. We ...

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koolgal
·2022-03-20
The author is of the opinion that SoFi is not a good buy. In fact he says to stay clear. Do you agree? After all SoFi did receive a banking charter recently and some financial gurus say it is a BUY! 🤔
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23
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D.Billions
·2022-03-17
Bias and unsubstantial articles, the author trying very hard to justify SoFi is a bad investment but did not care to explain why but he says based on teribble chart? For day traders yes, but not for long term investors.Try harder next time, what you want is if this company pay you fees to shut your mouth.
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5
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jocelync
·2022-03-16
"Second, SoFi Technologies is the type of company that is entirely out of favor right now" . This reason not explained. Pls do..thanks
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May168
·2022-03-16
I just entered before it crashed! Argghh
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May168
·2022-03-16
I
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May168
·2022-03-16
Me and my poor timing..mo entered before it crashed to 1 digit!
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LuckyPiggie
·2022-03-16
Dont quite agree with the article. Which tech stock is not in red. Not any co can obtain a bank lic. If no good biz proposal then mind as well dont steup. It is good to have positive competition and evolve business.
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Jerrya
·2022-03-16
Hmmm time to reconsider.
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1
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Ignis
·2022-03-16
Lol
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1
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Samuellow88
·2022-03-16
[Cry]
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2
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WJ77
·2022-03-16
😓😓
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2
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Willll99
·2022-03-16
No mentioning of fundamentals and growth performance, rubbish article.
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6
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badumdum
·2022-03-16
This is interesting. I like overbearish signals. It is becoming more and more attractive as it makes its way down. If SoFi wants to act like a bank, the market will start using metrics to value it against other banks. Yes it has tech and growth components but ultimately when you enter into the banking space, the costs of operating it as a bank will come in and weigh down on margins. So what SoFi needs to do is to show how the margins can be dealt with, and how it intends to use its platform to pull things together to realise not just cost synergies but also ramp up growth. What investors interested in this should do is to sell puts to pick up the stock at a lower price. Take the average P/S of existing top banks, then give it an additional small growth multiple to land at a target price, a
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苗派
·2022-03-16
Sinking ship ??
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Stv59
·2022-03-16
[Thinking]
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Jtjy
·2022-03-16
Rubbish article with no concrete evidence of company's performance.
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7
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Ah Deck
·2022-03-16
[Facepalm] ⋯⋯like pls
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3
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Joe wang
·2022-03-16
Good luck
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ACCY
·2022-03-16
What do you all think? 🤔
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In the two weeks since, it’s tumbled to $8 for a roughly -40% thrashing. Such a move in a year would be terrible. We ...</p>\n\n<a href=\"https://investorplace.com/2022/03/steer-clear-of-sofi-stock-sinking-ship/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SOFI","symbol_name":"SoFi Technologies Inc.","start_time":0,"source_url":"https://investorplace.com/2022/03/steer-clear-of-sofi-stock-sinking-ship/","article_id":"1148387409","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1148387409","pubTimestamp":1647396013,"columns":[],"sourceInfo":{"source_id":"lsy1606302653667","name":"InvestorPlace"},"weMediaInfo":null,"summary":"The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks sin","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SOFI":"SoFi Technologies Inc."},"translate_title":"避开索菲沉船的3个理由","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SOFI":0.9},"content_text":"The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks since, it’s tumbled to $8 for a roughly -40% thrashing. Such a move in a year would be terrible. We just saw it in nine trading days. And now, SOFI stock is in the single digits for the first time since going public following its merger with a special purpose acquisition company (SPAC) in 2020. Until we see signs of a turnaround, this is a stock to avoid for a few reasons.First, we’re in a bear market, and that’s a terrible backdrop for bullish trades in general.Second, SoFi Technologies is the type of company that is entirely out of favor right now.Third, even if we ignore those other reasons, the chart looks terrible.Let’s take a brief look at each of these critical considerations.The Market TideSoFi stock has staged some stellar rallies over the past year, but none have come in the past five months. This is not a coincidence. The Nasdaq peaked in November and has been pretty much sinking ever since. With this week’s whack, the index officially entered bear country by falling 20% from its highs. But if you look underneath the surface at the more speculative names, it’s way worse.Think of market indexes like the S&P 500, Nasdaq, and Dow Jones Industrial Average as the tide. Individual companies like SoFi are the boats. A rising tide lifts all boats, and a falling tide lowers them. Until the Nasdaq reverses its downtrend, bullish trades on SOFI stock have low odds of sustained follow-through.Money Losers are ShunnedIf you survey the stocks that have been beaten down the most in recent months, you’ll discover they have common characteristics. They are recent initial public offerings (IPOs) or SPACs, and mostly growth-oriented momentum stocks. They were trading at lofty valuation at their peaks, leaving plenty of room for them to pull back. Many were losing money and trading off the hopes of future profitability.Essentially every one of these descriptions applies to SoFi.In a zero-interest-rate world where inflation concerns are minimal, these types of companies can thrive. But that’s not the world we live in anymore.With inflation running at multi-decade highs and over half a dozen rate hikes already priced in, money today is worth more than money tomorrow. Investors have adapted by shunning the companies they just recently loved. Every characteristic above is now a liability. And that hasn’t bode well for SoFi Technologies.As a newer public company still in its infant stage, it lacks the institutional backing and history that larger companies can fall back on. That makes it an easier ticker to abandon when investors de-risk their portfolios.SoFi Stock Chart is TerribleIf we cut to the heart of the matter, SoFi’s stock chart broadcasts a bearish message loud and clear. Allow me to break it down. The price trend is down on every time frame. The 200-day, 50-day, and 20-day simple moving averages are sinking fast. Distribution days have multiplied, and sellers are quick to snuff out the rally any time we get signs of accumulation.The stock is bumping along at all-time lows, bringing all sorts of bearish implications. At one point yesterday, not a single soul on the planet who purchased after the IPO sat in a winning position. Not one. The urge to stop the pain or exit at less of a loss creates a mountain of overhead pressure that threatens to thwart any recovery attempt.Even if you love everything that SoFi Technologies represents about the future of fintech, there’s no real evidence that backs a decision to buy here. 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In fact he says to stay clear. Do you agree? After all SoFi did receive a banking charter recently and some financial gurus say it is a BUY! 🤔","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":23,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9034965349","repostId":1148387409,"repostType":2,"repost":{"id":"1148387409","kind":"news","pubTimestamp":1647396013,"share":"https://ttm.financial/m/news/1148387409?lang=&edition=fundamental","pubTime":"2022-03-16 10:00","market":"us","language":"en","title":"3 Reasons to Steer Clear of SoFi’s Sinking Ship","url":"https://stock-news.laohu8.com/highlight/detail?id=1148387409","media":"investorplace","summary":"The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks sin","content":"<html><head></head><body><p>The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks since, it’s tumbled to $8 for a roughly -40% thrashing. Such a move in a year would be terrible. We just saw it in nine trading days. And now, SOFI stock is in the single digits for the first time since going public following its merger with a special purpose acquisition company (SPAC) in 2020. Until we see signs of a turnaround, this is a stock to avoid for a few reasons.</p><p>First, we’re in a bear market, and that’s a terrible backdrop for bullish trades in general.</p><p>Second, SoFi Technologies is the type of company that is entirely out of favor right now.</p><p>Third, even if we ignore those other reasons, the chart looks terrible.</p><p>Let’s take a brief look at each of these critical considerations.</p><h2>The Market Tide</h2><p>SoFi stock has staged some stellar rallies over the past year, but none have come in the past five months. This is not a coincidence. The Nasdaq peaked in November and has been pretty much sinking ever since. With this week’s whack, the index officially entered bear country by falling 20% from its highs. But if you look underneath the surface at the more speculative names, it’s way worse.</p><p>Think of market indexes like the S&amp;P 500, Nasdaq, and Dow Jones Industrial Average as the tide. Individual companies like SoFi are the boats. A rising tide lifts all boats, and a falling tide lowers them. Until the Nasdaq reverses its downtrend, bullish trades on SOFI stock have low odds of sustained follow-through.</p><h2>Money Losers are Shunned</h2><p>If you survey the stocks that have been beaten down the most in recent months, you’ll discover they have common characteristics. They are recent initial public offerings (IPOs) or SPACs, and mostly growth-oriented momentum stocks. They were trading at lofty valuation at their peaks, leaving plenty of room for them to pull back. Many were losing money and trading off the hopes of future profitability.</p><p>Essentially every one of these descriptions applies to SoFi.</p><p>In a zero-interest-rate world where inflation concerns are minimal, these types of companies can thrive. But that’s not the world we live in anymore.</p><p>With inflation running at multi-decade highs and over half a dozen rate hikes already priced in, money today is worth more than money tomorrow. Investors have adapted by shunning the companies they just recently loved. Every characteristic above is now a liability. And that hasn’t bode well for SoFi Technologies.</p><p>As a newer public company still in its infant stage, it lacks the institutional backing and history that larger companies can fall back on. That makes it an easier ticker to abandon when investors de-risk their portfolios.</p><h2>SoFi Stock Chart is Terrible</h2><h2><img src=\"https://static.tigerbbs.com/bbed7a6ca991b4576916bc816224563b\" tg-width=\"1851\" tg-height=\"868\" width=\"100%\" height=\"auto\"/></h2><p>If we cut to the heart of the matter, SoFi’s stock chart broadcasts a bearish message loud and clear. Allow me to break it down. The price trend is down on every time frame. The 200-day, 50-day, and 20-day simple moving averages are sinking fast. Distribution days have multiplied, and sellers are quick to snuff out the rally any time we get signs of accumulation.</p><p>The stock is bumping along at all-time lows, bringing all sorts of bearish implications. At one point yesterday, not a single soul on the planet who purchased after the IPO sat in a winning position. Not one. The urge to stop the pain or exit at less of a loss creates a mountain of overhead pressure that threatens to thwart any recovery attempt.</p><p>Even if you love everything that SoFi Technologies represents about the future of fintech, there’s no real evidence that backs a decision to buy here. If there’s anything this bear market has taught and re-taught us, it’s that prices can go a lot lower than you think before hitting the bottom.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Reasons to Steer Clear of SoFi’s Sinking Ship</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Reasons to Steer Clear of SoFi’s Sinking Ship\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-16 10:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/03/steer-clear-of-sofi-stock-sinking-ship/><strong>investorplace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks since, it’s tumbled to $8 for a roughly -40% thrashing. Such a move in a year would be terrible. We ...</p>\n\n<a href=\"https://investorplace.com/2022/03/steer-clear-of-sofi-stock-sinking-ship/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SOFI":"SoFi Technologies Inc."},"source_url":"https://investorplace.com/2022/03/steer-clear-of-sofi-stock-sinking-ship/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148387409","content_text":"The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks since, it’s tumbled to $8 for a roughly -40% thrashing. Such a move in a year would be terrible. We just saw it in nine trading days. And now, SOFI stock is in the single digits for the first time since going public following its merger with a special purpose acquisition company (SPAC) in 2020. Until we see signs of a turnaround, this is a stock to avoid for a few reasons.First, we’re in a bear market, and that’s a terrible backdrop for bullish trades in general.Second, SoFi Technologies is the type of company that is entirely out of favor right now.Third, even if we ignore those other reasons, the chart looks terrible.Let’s take a brief look at each of these critical considerations.The Market TideSoFi stock has staged some stellar rallies over the past year, but none have come in the past five months. This is not a coincidence. The Nasdaq peaked in November and has been pretty much sinking ever since. With this week’s whack, the index officially entered bear country by falling 20% from its highs. But if you look underneath the surface at the more speculative names, it’s way worse.Think of market indexes like the S&P 500, Nasdaq, and Dow Jones Industrial Average as the tide. Individual companies like SoFi are the boats. A rising tide lifts all boats, and a falling tide lowers them. Until the Nasdaq reverses its downtrend, bullish trades on SOFI stock have low odds of sustained follow-through.Money Losers are ShunnedIf you survey the stocks that have been beaten down the most in recent months, you’ll discover they have common characteristics. They are recent initial public offerings (IPOs) or SPACs, and mostly growth-oriented momentum stocks. They were trading at lofty valuation at their peaks, leaving plenty of room for them to pull back. Many were losing money and trading off the hopes of future profitability.Essentially every one of these descriptions applies to SoFi.In a zero-interest-rate world where inflation concerns are minimal, these types of companies can thrive. But that’s not the world we live in anymore.With inflation running at multi-decade highs and over half a dozen rate hikes already priced in, money today is worth more than money tomorrow. Investors have adapted by shunning the companies they just recently loved. Every characteristic above is now a liability. And that hasn’t bode well for SoFi Technologies.As a newer public company still in its infant stage, it lacks the institutional backing and history that larger companies can fall back on. That makes it an easier ticker to abandon when investors de-risk their portfolios.SoFi Stock Chart is TerribleIf we cut to the heart of the matter, SoFi’s stock chart broadcasts a bearish message loud and clear. Allow me to break it down. The price trend is down on every time frame. The 200-day, 50-day, and 20-day simple moving averages are sinking fast. Distribution days have multiplied, and sellers are quick to snuff out the rally any time we get signs of accumulation.The stock is bumping along at all-time lows, bringing all sorts of bearish implications. At one point yesterday, not a single soul on the planet who purchased after the IPO sat in a winning position. Not one. The urge to stop the pain or exit at less of a loss creates a mountain of overhead pressure that threatens to thwart any recovery attempt.Even if you love everything that SoFi Technologies represents about the future of fintech, there’s no real evidence that backs a decision to buy here. If there’s anything this bear market has taught and re-taught us, it’s that prices can go a lot lower than you think before hitting the bottom.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9032751228,"gmtCreate":1647450027015,"gmtModify":1676534231644,"author":{"id":"4091284840222960","authorId":"4091284840222960","name":"D.Billions","avatar":"https://static.tigerbbs.com/29001ed73c58d3156d6a33fa7525ca72","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"4091284840222960","idStr":"4091284840222960"},"htmlText":"Bias and unsubstantial articles, the author trying very hard to justify SoFi is a bad investment but did not care to explain why but he says based on teribble chart? For day traders yes, but not for long term investors.Try harder next time, what you want is if this company pay you&nbsp;fees to&nbsp;shut your mouth.","listText":"Bias and unsubstantial articles, the author trying very hard to justify SoFi is a bad investment but did not care to explain why but he says based on teribble chart? For day traders yes, but not for long term investors.Try harder next time, what you want is if this company pay you&nbsp;fees to&nbsp;shut your mouth.","text":"Bias and unsubstantial articles, the author trying very hard to justify SoFi is a bad investment but did not care to explain why but he says based on teribble chart? For day traders yes, but not for long term investors.Try harder next time, what you want is if this company pay you fees to shut your mouth.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9032751228","repostId":1148387409,"repostType":2,"repost":{"id":"1148387409","kind":"news","pubTimestamp":1647396013,"share":"https://ttm.financial/m/news/1148387409?lang=&edition=fundamental","pubTime":"2022-03-16 10:00","market":"us","language":"en","title":"3 Reasons to Steer Clear of SoFi’s Sinking Ship","url":"https://stock-news.laohu8.com/highlight/detail?id=1148387409","media":"investorplace","summary":"The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks sin","content":"<html><head></head><body><p>The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks since, it’s tumbled to $8 for a roughly -40% thrashing. Such a move in a year would be terrible. We just saw it in nine trading days. And now, SOFI stock is in the single digits for the first time since going public following its merger with a special purpose acquisition company (SPAC) in 2020. Until we see signs of a turnaround, this is a stock to avoid for a few reasons.</p><p>First, we’re in a bear market, and that’s a terrible backdrop for bullish trades in general.</p><p>Second, SoFi Technologies is the type of company that is entirely out of favor right now.</p><p>Third, even if we ignore those other reasons, the chart looks terrible.</p><p>Let’s take a brief look at each of these critical considerations.</p><h2>The Market Tide</h2><p>SoFi stock has staged some stellar rallies over the past year, but none have come in the past five months. This is not a coincidence. The Nasdaq peaked in November and has been pretty much sinking ever since. With this week’s whack, the index officially entered bear country by falling 20% from its highs. But if you look underneath the surface at the more speculative names, it’s way worse.</p><p>Think of market indexes like the S&amp;P 500, Nasdaq, and Dow Jones Industrial Average as the tide. Individual companies like SoFi are the boats. A rising tide lifts all boats, and a falling tide lowers them. Until the Nasdaq reverses its downtrend, bullish trades on SOFI stock have low odds of sustained follow-through.</p><h2>Money Losers are Shunned</h2><p>If you survey the stocks that have been beaten down the most in recent months, you’ll discover they have common characteristics. They are recent initial public offerings (IPOs) or SPACs, and mostly growth-oriented momentum stocks. They were trading at lofty valuation at their peaks, leaving plenty of room for them to pull back. Many were losing money and trading off the hopes of future profitability.</p><p>Essentially every one of these descriptions applies to SoFi.</p><p>In a zero-interest-rate world where inflation concerns are minimal, these types of companies can thrive. But that’s not the world we live in anymore.</p><p>With inflation running at multi-decade highs and over half a dozen rate hikes already priced in, money today is worth more than money tomorrow. Investors have adapted by shunning the companies they just recently loved. Every characteristic above is now a liability. And that hasn’t bode well for SoFi Technologies.</p><p>As a newer public company still in its infant stage, it lacks the institutional backing and history that larger companies can fall back on. That makes it an easier ticker to abandon when investors de-risk their portfolios.</p><h2>SoFi Stock Chart is Terrible</h2><h2><img src=\"https://static.tigerbbs.com/bbed7a6ca991b4576916bc816224563b\" tg-width=\"1851\" tg-height=\"868\" width=\"100%\" height=\"auto\"/></h2><p>If we cut to the heart of the matter, SoFi’s stock chart broadcasts a bearish message loud and clear. Allow me to break it down. The price trend is down on every time frame. The 200-day, 50-day, and 20-day simple moving averages are sinking fast. Distribution days have multiplied, and sellers are quick to snuff out the rally any time we get signs of accumulation.</p><p>The stock is bumping along at all-time lows, bringing all sorts of bearish implications. At one point yesterday, not a single soul on the planet who purchased after the IPO sat in a winning position. Not one. The urge to stop the pain or exit at less of a loss creates a mountain of overhead pressure that threatens to thwart any recovery attempt.</p><p>Even if you love everything that SoFi Technologies represents about the future of fintech, there’s no real evidence that backs a decision to buy here. If there’s anything this bear market has taught and re-taught us, it’s that prices can go a lot lower than you think before hitting the bottom.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Reasons to Steer Clear of SoFi’s Sinking Ship</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Reasons to Steer Clear of SoFi’s Sinking Ship\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-16 10:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/03/steer-clear-of-sofi-stock-sinking-ship/><strong>investorplace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks since, it’s tumbled to $8 for a roughly -40% thrashing. Such a move in a year would be terrible. We ...</p>\n\n<a href=\"https://investorplace.com/2022/03/steer-clear-of-sofi-stock-sinking-ship/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SOFI":"SoFi Technologies Inc."},"source_url":"https://investorplace.com/2022/03/steer-clear-of-sofi-stock-sinking-ship/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148387409","content_text":"The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks since, it’s tumbled to $8 for a roughly -40% thrashing. Such a move in a year would be terrible. We just saw it in nine trading days. And now, SOFI stock is in the single digits for the first time since going public following its merger with a special purpose acquisition company (SPAC) in 2020. Until we see signs of a turnaround, this is a stock to avoid for a few reasons.First, we’re in a bear market, and that’s a terrible backdrop for bullish trades in general.Second, SoFi Technologies is the type of company that is entirely out of favor right now.Third, even if we ignore those other reasons, the chart looks terrible.Let’s take a brief look at each of these critical considerations.The Market TideSoFi stock has staged some stellar rallies over the past year, but none have come in the past five months. This is not a coincidence. The Nasdaq peaked in November and has been pretty much sinking ever since. With this week’s whack, the index officially entered bear country by falling 20% from its highs. But if you look underneath the surface at the more speculative names, it’s way worse.Think of market indexes like the S&P 500, Nasdaq, and Dow Jones Industrial Average as the tide. Individual companies like SoFi are the boats. A rising tide lifts all boats, and a falling tide lowers them. Until the Nasdaq reverses its downtrend, bullish trades on SOFI stock have low odds of sustained follow-through.Money Losers are ShunnedIf you survey the stocks that have been beaten down the most in recent months, you’ll discover they have common characteristics. They are recent initial public offerings (IPOs) or SPACs, and mostly growth-oriented momentum stocks. They were trading at lofty valuation at their peaks, leaving plenty of room for them to pull back. Many were losing money and trading off the hopes of future profitability.Essentially every one of these descriptions applies to SoFi.In a zero-interest-rate world where inflation concerns are minimal, these types of companies can thrive. But that’s not the world we live in anymore.With inflation running at multi-decade highs and over half a dozen rate hikes already priced in, money today is worth more than money tomorrow. Investors have adapted by shunning the companies they just recently loved. Every characteristic above is now a liability. And that hasn’t bode well for SoFi Technologies.As a newer public company still in its infant stage, it lacks the institutional backing and history that larger companies can fall back on. That makes it an easier ticker to abandon when investors de-risk their portfolios.SoFi Stock Chart is TerribleIf we cut to the heart of the matter, SoFi’s stock chart broadcasts a bearish message loud and clear. Allow me to break it down. The price trend is down on every time frame. The 200-day, 50-day, and 20-day simple moving averages are sinking fast. Distribution days have multiplied, and sellers are quick to snuff out the rally any time we get signs of accumulation.The stock is bumping along at all-time lows, bringing all sorts of bearish implications. At one point yesterday, not a single soul on the planet who purchased after the IPO sat in a winning position. Not one. The urge to stop the pain or exit at less of a loss creates a mountain of overhead pressure that threatens to thwart any recovery attempt.Even if you love everything that SoFi Technologies represents about the future of fintech, there’s no real evidence that backs a decision to buy here. If there’s anything this bear market has taught and re-taught us, it’s that prices can go a lot lower than you think before hitting the bottom.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9032704261,"gmtCreate":1647438331349,"gmtModify":1676534229871,"author":{"id":"3583473188219933","authorId":"3583473188219933","name":"jocelync","avatar":"https://static.tigerbbs.com/0c6ca5660ecdf906bddd708c2900a456","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3583473188219933","idStr":"3583473188219933"},"htmlText":"\"Second, SoFi Technologies is the type of company that is entirely out of favor right now\" . This reason not explained. Pls do..thanks","listText":"\"Second, SoFi Technologies is the type of company that is entirely out of favor right now\" . This reason not explained. Pls do..thanks","text":"\"Second, SoFi Technologies is the type of company that is entirely out of favor right now\" . This reason not explained. Pls do..thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9032704261","repostId":1148387409,"repostType":2,"repost":{"id":"1148387409","kind":"news","pubTimestamp":1647396013,"share":"https://ttm.financial/m/news/1148387409?lang=&edition=fundamental","pubTime":"2022-03-16 10:00","market":"us","language":"en","title":"3 Reasons to Steer Clear of SoFi’s Sinking Ship","url":"https://stock-news.laohu8.com/highlight/detail?id=1148387409","media":"investorplace","summary":"The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks sin","content":"<html><head></head><body><p>The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks since, it’s tumbled to $8 for a roughly -40% thrashing. Such a move in a year would be terrible. We just saw it in nine trading days. And now, SOFI stock is in the single digits for the first time since going public following its merger with a special purpose acquisition company (SPAC) in 2020. Until we see signs of a turnaround, this is a stock to avoid for a few reasons.</p><p>First, we’re in a bear market, and that’s a terrible backdrop for bullish trades in general.</p><p>Second, SoFi Technologies is the type of company that is entirely out of favor right now.</p><p>Third, even if we ignore those other reasons, the chart looks terrible.</p><p>Let’s take a brief look at each of these critical considerations.</p><h2>The Market Tide</h2><p>SoFi stock has staged some stellar rallies over the past year, but none have come in the past five months. This is not a coincidence. The Nasdaq peaked in November and has been pretty much sinking ever since. With this week’s whack, the index officially entered bear country by falling 20% from its highs. But if you look underneath the surface at the more speculative names, it’s way worse.</p><p>Think of market indexes like the S&amp;P 500, Nasdaq, and Dow Jones Industrial Average as the tide. Individual companies like SoFi are the boats. A rising tide lifts all boats, and a falling tide lowers them. Until the Nasdaq reverses its downtrend, bullish trades on SOFI stock have low odds of sustained follow-through.</p><h2>Money Losers are Shunned</h2><p>If you survey the stocks that have been beaten down the most in recent months, you’ll discover they have common characteristics. They are recent initial public offerings (IPOs) or SPACs, and mostly growth-oriented momentum stocks. They were trading at lofty valuation at their peaks, leaving plenty of room for them to pull back. Many were losing money and trading off the hopes of future profitability.</p><p>Essentially every one of these descriptions applies to SoFi.</p><p>In a zero-interest-rate world where inflation concerns are minimal, these types of companies can thrive. But that’s not the world we live in anymore.</p><p>With inflation running at multi-decade highs and over half a dozen rate hikes already priced in, money today is worth more than money tomorrow. Investors have adapted by shunning the companies they just recently loved. Every characteristic above is now a liability. And that hasn’t bode well for SoFi Technologies.</p><p>As a newer public company still in its infant stage, it lacks the institutional backing and history that larger companies can fall back on. That makes it an easier ticker to abandon when investors de-risk their portfolios.</p><h2>SoFi Stock Chart is Terrible</h2><h2><img src=\"https://static.tigerbbs.com/bbed7a6ca991b4576916bc816224563b\" tg-width=\"1851\" tg-height=\"868\" width=\"100%\" height=\"auto\"/></h2><p>If we cut to the heart of the matter, SoFi’s stock chart broadcasts a bearish message loud and clear. Allow me to break it down. The price trend is down on every time frame. The 200-day, 50-day, and 20-day simple moving averages are sinking fast. Distribution days have multiplied, and sellers are quick to snuff out the rally any time we get signs of accumulation.</p><p>The stock is bumping along at all-time lows, bringing all sorts of bearish implications. At one point yesterday, not a single soul on the planet who purchased after the IPO sat in a winning position. Not one. The urge to stop the pain or exit at less of a loss creates a mountain of overhead pressure that threatens to thwart any recovery attempt.</p><p>Even if you love everything that SoFi Technologies represents about the future of fintech, there’s no real evidence that backs a decision to buy here. If there’s anything this bear market has taught and re-taught us, it’s that prices can go a lot lower than you think before hitting the bottom.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Reasons to Steer Clear of SoFi’s Sinking Ship</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Reasons to Steer Clear of SoFi’s Sinking Ship\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-16 10:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/03/steer-clear-of-sofi-stock-sinking-ship/><strong>investorplace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks since, it’s tumbled to $8 for a roughly -40% thrashing. Such a move in a year would be terrible. We ...</p>\n\n<a href=\"https://investorplace.com/2022/03/steer-clear-of-sofi-stock-sinking-ship/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SOFI":"SoFi Technologies Inc."},"source_url":"https://investorplace.com/2022/03/steer-clear-of-sofi-stock-sinking-ship/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148387409","content_text":"The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks since, it’s tumbled to $8 for a roughly -40% thrashing. Such a move in a year would be terrible. We just saw it in nine trading days. And now, SOFI stock is in the single digits for the first time since going public following its merger with a special purpose acquisition company (SPAC) in 2020. Until we see signs of a turnaround, this is a stock to avoid for a few reasons.First, we’re in a bear market, and that’s a terrible backdrop for bullish trades in general.Second, SoFi Technologies is the type of company that is entirely out of favor right now.Third, even if we ignore those other reasons, the chart looks terrible.Let’s take a brief look at each of these critical considerations.The Market TideSoFi stock has staged some stellar rallies over the past year, but none have come in the past five months. This is not a coincidence. The Nasdaq peaked in November and has been pretty much sinking ever since. With this week’s whack, the index officially entered bear country by falling 20% from its highs. But if you look underneath the surface at the more speculative names, it’s way worse.Think of market indexes like the S&P 500, Nasdaq, and Dow Jones Industrial Average as the tide. Individual companies like SoFi are the boats. A rising tide lifts all boats, and a falling tide lowers them. Until the Nasdaq reverses its downtrend, bullish trades on SOFI stock have low odds of sustained follow-through.Money Losers are ShunnedIf you survey the stocks that have been beaten down the most in recent months, you’ll discover they have common characteristics. They are recent initial public offerings (IPOs) or SPACs, and mostly growth-oriented momentum stocks. They were trading at lofty valuation at their peaks, leaving plenty of room for them to pull back. Many were losing money and trading off the hopes of future profitability.Essentially every one of these descriptions applies to SoFi.In a zero-interest-rate world where inflation concerns are minimal, these types of companies can thrive. But that’s not the world we live in anymore.With inflation running at multi-decade highs and over half a dozen rate hikes already priced in, money today is worth more than money tomorrow. Investors have adapted by shunning the companies they just recently loved. Every characteristic above is now a liability. And that hasn’t bode well for SoFi Technologies.As a newer public company still in its infant stage, it lacks the institutional backing and history that larger companies can fall back on. That makes it an easier ticker to abandon when investors de-risk their portfolios.SoFi Stock Chart is TerribleIf we cut to the heart of the matter, SoFi’s stock chart broadcasts a bearish message loud and clear. Allow me to break it down. The price trend is down on every time frame. The 200-day, 50-day, and 20-day simple moving averages are sinking fast. Distribution days have multiplied, and sellers are quick to snuff out the rally any time we get signs of accumulation.The stock is bumping along at all-time lows, bringing all sorts of bearish implications. At one point yesterday, not a single soul on the planet who purchased after the IPO sat in a winning position. Not one. The urge to stop the pain or exit at less of a loss creates a mountain of overhead pressure that threatens to thwart any recovery attempt.Even if you love everything that SoFi Technologies represents about the future of fintech, there’s no real evidence that backs a decision to buy here. If there’s anything this bear market has taught and re-taught us, it’s that prices can go a lot lower than you think before hitting the bottom.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9032429755,"gmtCreate":1647428793417,"gmtModify":1676534228513,"author":{"id":"4091627897322240","authorId":"4091627897322240","name":"May168","avatar":"https://static.tigerbbs.com/e7814d9dbbebfd7d55db30062d9856e7","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4091627897322240","idStr":"4091627897322240"},"htmlText":"I just entered before it crashed! Argghh","listText":"I just entered before it crashed! Argghh","text":"I just entered before it crashed! Argghh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9032429755","repostId":1148387409,"repostType":2,"repost":{"id":"1148387409","kind":"news","pubTimestamp":1647396013,"share":"https://ttm.financial/m/news/1148387409?lang=&edition=fundamental","pubTime":"2022-03-16 10:00","market":"us","language":"en","title":"3 Reasons to Steer Clear of SoFi’s Sinking Ship","url":"https://stock-news.laohu8.com/highlight/detail?id=1148387409","media":"investorplace","summary":"The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks sin","content":"<html><head></head><body><p>The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks since, it’s tumbled to $8 for a roughly -40% thrashing. Such a move in a year would be terrible. We just saw it in nine trading days. And now, SOFI stock is in the single digits for the first time since going public following its merger with a special purpose acquisition company (SPAC) in 2020. Until we see signs of a turnaround, this is a stock to avoid for a few reasons.</p><p>First, we’re in a bear market, and that’s a terrible backdrop for bullish trades in general.</p><p>Second, SoFi Technologies is the type of company that is entirely out of favor right now.</p><p>Third, even if we ignore those other reasons, the chart looks terrible.</p><p>Let’s take a brief look at each of these critical considerations.</p><h2>The Market Tide</h2><p>SoFi stock has staged some stellar rallies over the past year, but none have come in the past five months. This is not a coincidence. The Nasdaq peaked in November and has been pretty much sinking ever since. With this week’s whack, the index officially entered bear country by falling 20% from its highs. But if you look underneath the surface at the more speculative names, it’s way worse.</p><p>Think of market indexes like the S&amp;P 500, Nasdaq, and Dow Jones Industrial Average as the tide. Individual companies like SoFi are the boats. A rising tide lifts all boats, and a falling tide lowers them. Until the Nasdaq reverses its downtrend, bullish trades on SOFI stock have low odds of sustained follow-through.</p><h2>Money Losers are Shunned</h2><p>If you survey the stocks that have been beaten down the most in recent months, you’ll discover they have common characteristics. They are recent initial public offerings (IPOs) or SPACs, and mostly growth-oriented momentum stocks. They were trading at lofty valuation at their peaks, leaving plenty of room for them to pull back. Many were losing money and trading off the hopes of future profitability.</p><p>Essentially every one of these descriptions applies to SoFi.</p><p>In a zero-interest-rate world where inflation concerns are minimal, these types of companies can thrive. But that’s not the world we live in anymore.</p><p>With inflation running at multi-decade highs and over half a dozen rate hikes already priced in, money today is worth more than money tomorrow. Investors have adapted by shunning the companies they just recently loved. Every characteristic above is now a liability. And that hasn’t bode well for SoFi Technologies.</p><p>As a newer public company still in its infant stage, it lacks the institutional backing and history that larger companies can fall back on. That makes it an easier ticker to abandon when investors de-risk their portfolios.</p><h2>SoFi Stock Chart is Terrible</h2><h2><img src=\"https://static.tigerbbs.com/bbed7a6ca991b4576916bc816224563b\" tg-width=\"1851\" tg-height=\"868\" width=\"100%\" height=\"auto\"/></h2><p>If we cut to the heart of the matter, SoFi’s stock chart broadcasts a bearish message loud and clear. Allow me to break it down. The price trend is down on every time frame. The 200-day, 50-day, and 20-day simple moving averages are sinking fast. Distribution days have multiplied, and sellers are quick to snuff out the rally any time we get signs of accumulation.</p><p>The stock is bumping along at all-time lows, bringing all sorts of bearish implications. At one point yesterday, not a single soul on the planet who purchased after the IPO sat in a winning position. Not one. The urge to stop the pain or exit at less of a loss creates a mountain of overhead pressure that threatens to thwart any recovery attempt.</p><p>Even if you love everything that SoFi Technologies represents about the future of fintech, there’s no real evidence that backs a decision to buy here. If there’s anything this bear market has taught and re-taught us, it’s that prices can go a lot lower than you think before hitting the bottom.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Reasons to Steer Clear of SoFi’s Sinking Ship</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Reasons to Steer Clear of SoFi’s Sinking Ship\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-16 10:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/03/steer-clear-of-sofi-stock-sinking-ship/><strong>investorplace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks since, it’s tumbled to $8 for a roughly -40% thrashing. Such a move in a year would be terrible. We ...</p>\n\n<a href=\"https://investorplace.com/2022/03/steer-clear-of-sofi-stock-sinking-ship/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SOFI":"SoFi Technologies Inc."},"source_url":"https://investorplace.com/2022/03/steer-clear-of-sofi-stock-sinking-ship/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148387409","content_text":"The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks since, it’s tumbled to $8 for a roughly -40% thrashing. Such a move in a year would be terrible. We just saw it in nine trading days. And now, SOFI stock is in the single digits for the first time since going public following its merger with a special purpose acquisition company (SPAC) in 2020. Until we see signs of a turnaround, this is a stock to avoid for a few reasons.First, we’re in a bear market, and that’s a terrible backdrop for bullish trades in general.Second, SoFi Technologies is the type of company that is entirely out of favor right now.Third, even if we ignore those other reasons, the chart looks terrible.Let’s take a brief look at each of these critical considerations.The Market TideSoFi stock has staged some stellar rallies over the past year, but none have come in the past five months. This is not a coincidence. The Nasdaq peaked in November and has been pretty much sinking ever since. With this week’s whack, the index officially entered bear country by falling 20% from its highs. But if you look underneath the surface at the more speculative names, it’s way worse.Think of market indexes like the S&P 500, Nasdaq, and Dow Jones Industrial Average as the tide. Individual companies like SoFi are the boats. A rising tide lifts all boats, and a falling tide lowers them. Until the Nasdaq reverses its downtrend, bullish trades on SOFI stock have low odds of sustained follow-through.Money Losers are ShunnedIf you survey the stocks that have been beaten down the most in recent months, you’ll discover they have common characteristics. They are recent initial public offerings (IPOs) or SPACs, and mostly growth-oriented momentum stocks. They were trading at lofty valuation at their peaks, leaving plenty of room for them to pull back. Many were losing money and trading off the hopes of future profitability.Essentially every one of these descriptions applies to SoFi.In a zero-interest-rate world where inflation concerns are minimal, these types of companies can thrive. But that’s not the world we live in anymore.With inflation running at multi-decade highs and over half a dozen rate hikes already priced in, money today is worth more than money tomorrow. Investors have adapted by shunning the companies they just recently loved. Every characteristic above is now a liability. And that hasn’t bode well for SoFi Technologies.As a newer public company still in its infant stage, it lacks the institutional backing and history that larger companies can fall back on. That makes it an easier ticker to abandon when investors de-risk their portfolios.SoFi Stock Chart is TerribleIf we cut to the heart of the matter, SoFi’s stock chart broadcasts a bearish message loud and clear. Allow me to break it down. The price trend is down on every time frame. The 200-day, 50-day, and 20-day simple moving averages are sinking fast. Distribution days have multiplied, and sellers are quick to snuff out the rally any time we get signs of accumulation.The stock is bumping along at all-time lows, bringing all sorts of bearish implications. At one point yesterday, not a single soul on the planet who purchased after the IPO sat in a winning position. Not one. The urge to stop the pain or exit at less of a loss creates a mountain of overhead pressure that threatens to thwart any recovery attempt.Even if you love everything that SoFi Technologies represents about the future of fintech, there’s no real evidence that backs a decision to buy here. If there’s anything this bear market has taught and re-taught us, it’s that prices can go a lot lower than you think before hitting the bottom.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9032429435,"gmtCreate":1647428764480,"gmtModify":1676534228504,"author":{"id":"4091627897322240","authorId":"4091627897322240","name":"May168","avatar":"https://static.tigerbbs.com/e7814d9dbbebfd7d55db30062d9856e7","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4091627897322240","idStr":"4091627897322240"},"htmlText":"I","listText":"I","text":"I","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9032429435","repostId":1148387409,"repostType":2,"repost":{"id":"1148387409","kind":"news","pubTimestamp":1647396013,"share":"https://ttm.financial/m/news/1148387409?lang=&edition=fundamental","pubTime":"2022-03-16 10:00","market":"us","language":"en","title":"3 Reasons to Steer Clear of SoFi’s Sinking Ship","url":"https://stock-news.laohu8.com/highlight/detail?id=1148387409","media":"investorplace","summary":"The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks sin","content":"<html><head></head><body><p>The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks since, it’s tumbled to $8 for a roughly -40% thrashing. Such a move in a year would be terrible. We just saw it in nine trading days. And now, SOFI stock is in the single digits for the first time since going public following its merger with a special purpose acquisition company (SPAC) in 2020. Until we see signs of a turnaround, this is a stock to avoid for a few reasons.</p><p>First, we’re in a bear market, and that’s a terrible backdrop for bullish trades in general.</p><p>Second, SoFi Technologies is the type of company that is entirely out of favor right now.</p><p>Third, even if we ignore those other reasons, the chart looks terrible.</p><p>Let’s take a brief look at each of these critical considerations.</p><h2>The Market Tide</h2><p>SoFi stock has staged some stellar rallies over the past year, but none have come in the past five months. This is not a coincidence. The Nasdaq peaked in November and has been pretty much sinking ever since. With this week’s whack, the index officially entered bear country by falling 20% from its highs. But if you look underneath the surface at the more speculative names, it’s way worse.</p><p>Think of market indexes like the S&amp;P 500, Nasdaq, and Dow Jones Industrial Average as the tide. Individual companies like SoFi are the boats. A rising tide lifts all boats, and a falling tide lowers them. Until the Nasdaq reverses its downtrend, bullish trades on SOFI stock have low odds of sustained follow-through.</p><h2>Money Losers are Shunned</h2><p>If you survey the stocks that have been beaten down the most in recent months, you’ll discover they have common characteristics. They are recent initial public offerings (IPOs) or SPACs, and mostly growth-oriented momentum stocks. They were trading at lofty valuation at their peaks, leaving plenty of room for them to pull back. Many were losing money and trading off the hopes of future profitability.</p><p>Essentially every one of these descriptions applies to SoFi.</p><p>In a zero-interest-rate world where inflation concerns are minimal, these types of companies can thrive. But that’s not the world we live in anymore.</p><p>With inflation running at multi-decade highs and over half a dozen rate hikes already priced in, money today is worth more than money tomorrow. Investors have adapted by shunning the companies they just recently loved. Every characteristic above is now a liability. And that hasn’t bode well for SoFi Technologies.</p><p>As a newer public company still in its infant stage, it lacks the institutional backing and history that larger companies can fall back on. That makes it an easier ticker to abandon when investors de-risk their portfolios.</p><h2>SoFi Stock Chart is Terrible</h2><h2><img src=\"https://static.tigerbbs.com/bbed7a6ca991b4576916bc816224563b\" tg-width=\"1851\" tg-height=\"868\" width=\"100%\" height=\"auto\"/></h2><p>If we cut to the heart of the matter, SoFi’s stock chart broadcasts a bearish message loud and clear. Allow me to break it down. The price trend is down on every time frame. The 200-day, 50-day, and 20-day simple moving averages are sinking fast. Distribution days have multiplied, and sellers are quick to snuff out the rally any time we get signs of accumulation.</p><p>The stock is bumping along at all-time lows, bringing all sorts of bearish implications. At one point yesterday, not a single soul on the planet who purchased after the IPO sat in a winning position. Not one. The urge to stop the pain or exit at less of a loss creates a mountain of overhead pressure that threatens to thwart any recovery attempt.</p><p>Even if you love everything that SoFi Technologies represents about the future of fintech, there’s no real evidence that backs a decision to buy here. If there’s anything this bear market has taught and re-taught us, it’s that prices can go a lot lower than you think before hitting the bottom.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Reasons to Steer Clear of SoFi’s Sinking Ship</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Reasons to Steer Clear of SoFi’s Sinking Ship\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-16 10:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/03/steer-clear-of-sofi-stock-sinking-ship/><strong>investorplace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks since, it’s tumbled to $8 for a roughly -40% thrashing. Such a move in a year would be terrible. We ...</p>\n\n<a href=\"https://investorplace.com/2022/03/steer-clear-of-sofi-stock-sinking-ship/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SOFI":"SoFi Technologies Inc."},"source_url":"https://investorplace.com/2022/03/steer-clear-of-sofi-stock-sinking-ship/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148387409","content_text":"The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks since, it’s tumbled to $8 for a roughly -40% thrashing. Such a move in a year would be terrible. We just saw it in nine trading days. And now, SOFI stock is in the single digits for the first time since going public following its merger with a special purpose acquisition company (SPAC) in 2020. Until we see signs of a turnaround, this is a stock to avoid for a few reasons.First, we’re in a bear market, and that’s a terrible backdrop for bullish trades in general.Second, SoFi Technologies is the type of company that is entirely out of favor right now.Third, even if we ignore those other reasons, the chart looks terrible.Let’s take a brief look at each of these critical considerations.The Market TideSoFi stock has staged some stellar rallies over the past year, but none have come in the past five months. This is not a coincidence. The Nasdaq peaked in November and has been pretty much sinking ever since. With this week’s whack, the index officially entered bear country by falling 20% from its highs. But if you look underneath the surface at the more speculative names, it’s way worse.Think of market indexes like the S&P 500, Nasdaq, and Dow Jones Industrial Average as the tide. Individual companies like SoFi are the boats. A rising tide lifts all boats, and a falling tide lowers them. Until the Nasdaq reverses its downtrend, bullish trades on SOFI stock have low odds of sustained follow-through.Money Losers are ShunnedIf you survey the stocks that have been beaten down the most in recent months, you’ll discover they have common characteristics. They are recent initial public offerings (IPOs) or SPACs, and mostly growth-oriented momentum stocks. They were trading at lofty valuation at their peaks, leaving plenty of room for them to pull back. Many were losing money and trading off the hopes of future profitability.Essentially every one of these descriptions applies to SoFi.In a zero-interest-rate world where inflation concerns are minimal, these types of companies can thrive. But that’s not the world we live in anymore.With inflation running at multi-decade highs and over half a dozen rate hikes already priced in, money today is worth more than money tomorrow. Investors have adapted by shunning the companies they just recently loved. Every characteristic above is now a liability. And that hasn’t bode well for SoFi Technologies.As a newer public company still in its infant stage, it lacks the institutional backing and history that larger companies can fall back on. That makes it an easier ticker to abandon when investors de-risk their portfolios.SoFi Stock Chart is TerribleIf we cut to the heart of the matter, SoFi’s stock chart broadcasts a bearish message loud and clear. Allow me to break it down. The price trend is down on every time frame. The 200-day, 50-day, and 20-day simple moving averages are sinking fast. Distribution days have multiplied, and sellers are quick to snuff out the rally any time we get signs of accumulation.The stock is bumping along at all-time lows, bringing all sorts of bearish implications. At one point yesterday, not a single soul on the planet who purchased after the IPO sat in a winning position. Not one. The urge to stop the pain or exit at less of a loss creates a mountain of overhead pressure that threatens to thwart any recovery attempt.Even if you love everything that SoFi Technologies represents about the future of fintech, there’s no real evidence that backs a decision to buy here. If there’s anything this bear market has taught and re-taught us, it’s that prices can go a lot lower than you think before hitting the bottom.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9032429291,"gmtCreate":1647428752478,"gmtModify":1676534228495,"author":{"id":"4091627897322240","authorId":"4091627897322240","name":"May168","avatar":"https://static.tigerbbs.com/e7814d9dbbebfd7d55db30062d9856e7","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4091627897322240","idStr":"4091627897322240"},"htmlText":"Me and my poor timing..mo entered before it crashed to 1 digit!","listText":"Me and my poor timing..mo entered before it crashed to 1 digit!","text":"Me and my poor timing..mo entered before it crashed to 1 digit!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9032429291","repostId":1148387409,"repostType":2,"repost":{"id":"1148387409","kind":"news","pubTimestamp":1647396013,"share":"https://ttm.financial/m/news/1148387409?lang=&edition=fundamental","pubTime":"2022-03-16 10:00","market":"us","language":"en","title":"3 Reasons to Steer Clear of SoFi’s Sinking Ship","url":"https://stock-news.laohu8.com/highlight/detail?id=1148387409","media":"investorplace","summary":"The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks sin","content":"<html><head></head><body><p>The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks since, it’s tumbled to $8 for a roughly -40% thrashing. Such a move in a year would be terrible. We just saw it in nine trading days. And now, SOFI stock is in the single digits for the first time since going public following its merger with a special purpose acquisition company (SPAC) in 2020. Until we see signs of a turnaround, this is a stock to avoid for a few reasons.</p><p>First, we’re in a bear market, and that’s a terrible backdrop for bullish trades in general.</p><p>Second, SoFi Technologies is the type of company that is entirely out of favor right now.</p><p>Third, even if we ignore those other reasons, the chart looks terrible.</p><p>Let’s take a brief look at each of these critical considerations.</p><h2>The Market Tide</h2><p>SoFi stock has staged some stellar rallies over the past year, but none have come in the past five months. This is not a coincidence. The Nasdaq peaked in November and has been pretty much sinking ever since. With this week’s whack, the index officially entered bear country by falling 20% from its highs. But if you look underneath the surface at the more speculative names, it’s way worse.</p><p>Think of market indexes like the S&amp;P 500, Nasdaq, and Dow Jones Industrial Average as the tide. Individual companies like SoFi are the boats. A rising tide lifts all boats, and a falling tide lowers them. Until the Nasdaq reverses its downtrend, bullish trades on SOFI stock have low odds of sustained follow-through.</p><h2>Money Losers are Shunned</h2><p>If you survey the stocks that have been beaten down the most in recent months, you’ll discover they have common characteristics. They are recent initial public offerings (IPOs) or SPACs, and mostly growth-oriented momentum stocks. They were trading at lofty valuation at their peaks, leaving plenty of room for them to pull back. Many were losing money and trading off the hopes of future profitability.</p><p>Essentially every one of these descriptions applies to SoFi.</p><p>In a zero-interest-rate world where inflation concerns are minimal, these types of companies can thrive. But that’s not the world we live in anymore.</p><p>With inflation running at multi-decade highs and over half a dozen rate hikes already priced in, money today is worth more than money tomorrow. Investors have adapted by shunning the companies they just recently loved. Every characteristic above is now a liability. And that hasn’t bode well for SoFi Technologies.</p><p>As a newer public company still in its infant stage, it lacks the institutional backing and history that larger companies can fall back on. That makes it an easier ticker to abandon when investors de-risk their portfolios.</p><h2>SoFi Stock Chart is Terrible</h2><h2><img src=\"https://static.tigerbbs.com/bbed7a6ca991b4576916bc816224563b\" tg-width=\"1851\" tg-height=\"868\" width=\"100%\" height=\"auto\"/></h2><p>If we cut to the heart of the matter, SoFi’s stock chart broadcasts a bearish message loud and clear. Allow me to break it down. The price trend is down on every time frame. The 200-day, 50-day, and 20-day simple moving averages are sinking fast. Distribution days have multiplied, and sellers are quick to snuff out the rally any time we get signs of accumulation.</p><p>The stock is bumping along at all-time lows, bringing all sorts of bearish implications. At one point yesterday, not a single soul on the planet who purchased after the IPO sat in a winning position. Not one. The urge to stop the pain or exit at less of a loss creates a mountain of overhead pressure that threatens to thwart any recovery attempt.</p><p>Even if you love everything that SoFi Technologies represents about the future of fintech, there’s no real evidence that backs a decision to buy here. If there’s anything this bear market has taught and re-taught us, it’s that prices can go a lot lower than you think before hitting the bottom.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Reasons to Steer Clear of SoFi’s Sinking Ship</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Reasons to Steer Clear of SoFi’s Sinking Ship\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-16 10:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/03/steer-clear-of-sofi-stock-sinking-ship/><strong>investorplace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks since, it’s tumbled to $8 for a roughly -40% thrashing. Such a move in a year would be terrible. We ...</p>\n\n<a href=\"https://investorplace.com/2022/03/steer-clear-of-sofi-stock-sinking-ship/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SOFI":"SoFi Technologies Inc."},"source_url":"https://investorplace.com/2022/03/steer-clear-of-sofi-stock-sinking-ship/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148387409","content_text":"The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks since, it’s tumbled to $8 for a roughly -40% thrashing. Such a move in a year would be terrible. We just saw it in nine trading days. And now, SOFI stock is in the single digits for the first time since going public following its merger with a special purpose acquisition company (SPAC) in 2020. Until we see signs of a turnaround, this is a stock to avoid for a few reasons.First, we’re in a bear market, and that’s a terrible backdrop for bullish trades in general.Second, SoFi Technologies is the type of company that is entirely out of favor right now.Third, even if we ignore those other reasons, the chart looks terrible.Let’s take a brief look at each of these critical considerations.The Market TideSoFi stock has staged some stellar rallies over the past year, but none have come in the past five months. This is not a coincidence. The Nasdaq peaked in November and has been pretty much sinking ever since. With this week’s whack, the index officially entered bear country by falling 20% from its highs. But if you look underneath the surface at the more speculative names, it’s way worse.Think of market indexes like the S&P 500, Nasdaq, and Dow Jones Industrial Average as the tide. Individual companies like SoFi are the boats. A rising tide lifts all boats, and a falling tide lowers them. Until the Nasdaq reverses its downtrend, bullish trades on SOFI stock have low odds of sustained follow-through.Money Losers are ShunnedIf you survey the stocks that have been beaten down the most in recent months, you’ll discover they have common characteristics. They are recent initial public offerings (IPOs) or SPACs, and mostly growth-oriented momentum stocks. They were trading at lofty valuation at their peaks, leaving plenty of room for them to pull back. Many were losing money and trading off the hopes of future profitability.Essentially every one of these descriptions applies to SoFi.In a zero-interest-rate world where inflation concerns are minimal, these types of companies can thrive. But that’s not the world we live in anymore.With inflation running at multi-decade highs and over half a dozen rate hikes already priced in, money today is worth more than money tomorrow. Investors have adapted by shunning the companies they just recently loved. Every characteristic above is now a liability. And that hasn’t bode well for SoFi Technologies.As a newer public company still in its infant stage, it lacks the institutional backing and history that larger companies can fall back on. That makes it an easier ticker to abandon when investors de-risk their portfolios.SoFi Stock Chart is TerribleIf we cut to the heart of the matter, SoFi’s stock chart broadcasts a bearish message loud and clear. Allow me to break it down. The price trend is down on every time frame. The 200-day, 50-day, and 20-day simple moving averages are sinking fast. Distribution days have multiplied, and sellers are quick to snuff out the rally any time we get signs of accumulation.The stock is bumping along at all-time lows, bringing all sorts of bearish implications. At one point yesterday, not a single soul on the planet who purchased after the IPO sat in a winning position. Not one. The urge to stop the pain or exit at less of a loss creates a mountain of overhead pressure that threatens to thwart any recovery attempt.Even if you love everything that SoFi Technologies represents about the future of fintech, there’s no real evidence that backs a decision to buy here. If there’s anything this bear market has taught and re-taught us, it’s that prices can go a lot lower than you think before hitting the bottom.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9032529446,"gmtCreate":1647403219386,"gmtModify":1676534225802,"author":{"id":"4107063207857540","authorId":"4107063207857540","name":"LuckyPiggie","avatar":"https://community-static.tradeup.com/news/33330ac1fe6d6c956e10045c870d6f46","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":6,"crmLevelSwitch":1,"authorIdStr":"4107063207857540","idStr":"4107063207857540"},"htmlText":"Dont quite agree with the article. Which tech stock is not in red. Not any co can obtain a bank lic. If no good biz proposal then mind as well dont steup.&nbsp;It is good to have positive competition and evolve business.&nbsp;","listText":"Dont quite agree with the article. Which tech stock is not in red. Not any co can obtain a bank lic. If no good biz proposal then mind as well dont steup.&nbsp;It is good to have positive competition and evolve business.&nbsp;","text":"Dont quite agree with the article. Which tech stock is not in red. Not any co can obtain a bank lic. If no good biz proposal then mind as well dont steup. It is good to have positive competition and evolve business.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9032529446","repostId":1148387409,"repostType":4,"repost":{"id":"1148387409","kind":"news","pubTimestamp":1647396013,"share":"https://ttm.financial/m/news/1148387409?lang=&edition=fundamental","pubTime":"2022-03-16 10:00","market":"us","language":"en","title":"3 Reasons to Steer Clear of SoFi’s Sinking Ship","url":"https://stock-news.laohu8.com/highlight/detail?id=1148387409","media":"investorplace","summary":"The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks sin","content":"<html><head></head><body><p>The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks since, it’s tumbled to $8 for a roughly -40% thrashing. Such a move in a year would be terrible. We just saw it in nine trading days. And now, SOFI stock is in the single digits for the first time since going public following its merger with a special purpose acquisition company (SPAC) in 2020. Until we see signs of a turnaround, this is a stock to avoid for a few reasons.</p><p>First, we’re in a bear market, and that’s a terrible backdrop for bullish trades in general.</p><p>Second, SoFi Technologies is the type of company that is entirely out of favor right now.</p><p>Third, even if we ignore those other reasons, the chart looks terrible.</p><p>Let’s take a brief look at each of these critical considerations.</p><h2>The Market Tide</h2><p>SoFi stock has staged some stellar rallies over the past year, but none have come in the past five months. This is not a coincidence. The Nasdaq peaked in November and has been pretty much sinking ever since. With this week’s whack, the index officially entered bear country by falling 20% from its highs. But if you look underneath the surface at the more speculative names, it’s way worse.</p><p>Think of market indexes like the S&amp;P 500, Nasdaq, and Dow Jones Industrial Average as the tide. Individual companies like SoFi are the boats. A rising tide lifts all boats, and a falling tide lowers them. Until the Nasdaq reverses its downtrend, bullish trades on SOFI stock have low odds of sustained follow-through.</p><h2>Money Losers are Shunned</h2><p>If you survey the stocks that have been beaten down the most in recent months, you’ll discover they have common characteristics. They are recent initial public offerings (IPOs) or SPACs, and mostly growth-oriented momentum stocks. They were trading at lofty valuation at their peaks, leaving plenty of room for them to pull back. Many were losing money and trading off the hopes of future profitability.</p><p>Essentially every one of these descriptions applies to SoFi.</p><p>In a zero-interest-rate world where inflation concerns are minimal, these types of companies can thrive. But that’s not the world we live in anymore.</p><p>With inflation running at multi-decade highs and over half a dozen rate hikes already priced in, money today is worth more than money tomorrow. Investors have adapted by shunning the companies they just recently loved. Every characteristic above is now a liability. And that hasn’t bode well for SoFi Technologies.</p><p>As a newer public company still in its infant stage, it lacks the institutional backing and history that larger companies can fall back on. That makes it an easier ticker to abandon when investors de-risk their portfolios.</p><h2>SoFi Stock Chart is Terrible</h2><h2><img src=\"https://static.tigerbbs.com/bbed7a6ca991b4576916bc816224563b\" tg-width=\"1851\" tg-height=\"868\" width=\"100%\" height=\"auto\"/></h2><p>If we cut to the heart of the matter, SoFi’s stock chart broadcasts a bearish message loud and clear. Allow me to break it down. The price trend is down on every time frame. The 200-day, 50-day, and 20-day simple moving averages are sinking fast. Distribution days have multiplied, and sellers are quick to snuff out the rally any time we get signs of accumulation.</p><p>The stock is bumping along at all-time lows, bringing all sorts of bearish implications. At one point yesterday, not a single soul on the planet who purchased after the IPO sat in a winning position. Not one. The urge to stop the pain or exit at less of a loss creates a mountain of overhead pressure that threatens to thwart any recovery attempt.</p><p>Even if you love everything that SoFi Technologies represents about the future of fintech, there’s no real evidence that backs a decision to buy here. If there’s anything this bear market has taught and re-taught us, it’s that prices can go a lot lower than you think before hitting the bottom.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Reasons to Steer Clear of SoFi’s Sinking Ship</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Reasons to Steer Clear of SoFi’s Sinking Ship\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-16 10:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/03/steer-clear-of-sofi-stock-sinking-ship/><strong>investorplace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks since, it’s tumbled to $8 for a roughly -40% thrashing. Such a move in a year would be terrible. We ...</p>\n\n<a href=\"https://investorplace.com/2022/03/steer-clear-of-sofi-stock-sinking-ship/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SOFI":"SoFi Technologies Inc."},"source_url":"https://investorplace.com/2022/03/steer-clear-of-sofi-stock-sinking-ship/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148387409","content_text":"The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks since, it’s tumbled to $8 for a roughly -40% thrashing. Such a move in a year would be terrible. We just saw it in nine trading days. And now, SOFI stock is in the single digits for the first time since going public following its merger with a special purpose acquisition company (SPAC) in 2020. Until we see signs of a turnaround, this is a stock to avoid for a few reasons.First, we’re in a bear market, and that’s a terrible backdrop for bullish trades in general.Second, SoFi Technologies is the type of company that is entirely out of favor right now.Third, even if we ignore those other reasons, the chart looks terrible.Let’s take a brief look at each of these critical considerations.The Market TideSoFi stock has staged some stellar rallies over the past year, but none have come in the past five months. This is not a coincidence. The Nasdaq peaked in November and has been pretty much sinking ever since. With this week’s whack, the index officially entered bear country by falling 20% from its highs. But if you look underneath the surface at the more speculative names, it’s way worse.Think of market indexes like the S&P 500, Nasdaq, and Dow Jones Industrial Average as the tide. Individual companies like SoFi are the boats. A rising tide lifts all boats, and a falling tide lowers them. Until the Nasdaq reverses its downtrend, bullish trades on SOFI stock have low odds of sustained follow-through.Money Losers are ShunnedIf you survey the stocks that have been beaten down the most in recent months, you’ll discover they have common characteristics. They are recent initial public offerings (IPOs) or SPACs, and mostly growth-oriented momentum stocks. They were trading at lofty valuation at their peaks, leaving plenty of room for them to pull back. Many were losing money and trading off the hopes of future profitability.Essentially every one of these descriptions applies to SoFi.In a zero-interest-rate world where inflation concerns are minimal, these types of companies can thrive. But that’s not the world we live in anymore.With inflation running at multi-decade highs and over half a dozen rate hikes already priced in, money today is worth more than money tomorrow. Investors have adapted by shunning the companies they just recently loved. Every characteristic above is now a liability. And that hasn’t bode well for SoFi Technologies.As a newer public company still in its infant stage, it lacks the institutional backing and history that larger companies can fall back on. That makes it an easier ticker to abandon when investors de-risk their portfolios.SoFi Stock Chart is TerribleIf we cut to the heart of the matter, SoFi’s stock chart broadcasts a bearish message loud and clear. Allow me to break it down. The price trend is down on every time frame. The 200-day, 50-day, and 20-day simple moving averages are sinking fast. Distribution days have multiplied, and sellers are quick to snuff out the rally any time we get signs of accumulation.The stock is bumping along at all-time lows, bringing all sorts of bearish implications. At one point yesterday, not a single soul on the planet who purchased after the IPO sat in a winning position. Not one. The urge to stop the pain or exit at less of a loss creates a mountain of overhead pressure that threatens to thwart any recovery attempt.Even if you love everything that SoFi Technologies represents about the future of fintech, there’s no real evidence that backs a decision to buy here. If there’s anything this bear market has taught and re-taught us, it’s that prices can go a lot lower than you think before hitting the bottom.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9032585487,"gmtCreate":1647399912273,"gmtModify":1676534225455,"author":{"id":"4096283186816230","authorId":"4096283186816230","name":"Jerrya","avatar":"https://community-static.tradeup.com/news/87d09c22b7fc1288834c4ee500be2aac","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4096283186816230","idStr":"4096283186816230"},"htmlText":"Hmmm time to reconsider.","listText":"Hmmm time to reconsider.","text":"Hmmm time to reconsider.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9032585487","repostId":1148387409,"repostType":2,"repost":{"id":"1148387409","kind":"news","pubTimestamp":1647396013,"share":"https://ttm.financial/m/news/1148387409?lang=&edition=fundamental","pubTime":"2022-03-16 10:00","market":"us","language":"en","title":"3 Reasons to Steer Clear of SoFi’s Sinking Ship","url":"https://stock-news.laohu8.com/highlight/detail?id=1148387409","media":"investorplace","summary":"The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks sin","content":"<html><head></head><body><p>The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks since, it’s tumbled to $8 for a roughly -40% thrashing. Such a move in a year would be terrible. We just saw it in nine trading days. And now, SOFI stock is in the single digits for the first time since going public following its merger with a special purpose acquisition company (SPAC) in 2020. Until we see signs of a turnaround, this is a stock to avoid for a few reasons.</p><p>First, we’re in a bear market, and that’s a terrible backdrop for bullish trades in general.</p><p>Second, SoFi Technologies is the type of company that is entirely out of favor right now.</p><p>Third, even if we ignore those other reasons, the chart looks terrible.</p><p>Let’s take a brief look at each of these critical considerations.</p><h2>The Market Tide</h2><p>SoFi stock has staged some stellar rallies over the past year, but none have come in the past five months. This is not a coincidence. The Nasdaq peaked in November and has been pretty much sinking ever since. With this week’s whack, the index officially entered bear country by falling 20% from its highs. But if you look underneath the surface at the more speculative names, it’s way worse.</p><p>Think of market indexes like the S&amp;P 500, Nasdaq, and Dow Jones Industrial Average as the tide. Individual companies like SoFi are the boats. A rising tide lifts all boats, and a falling tide lowers them. Until the Nasdaq reverses its downtrend, bullish trades on SOFI stock have low odds of sustained follow-through.</p><h2>Money Losers are Shunned</h2><p>If you survey the stocks that have been beaten down the most in recent months, you’ll discover they have common characteristics. They are recent initial public offerings (IPOs) or SPACs, and mostly growth-oriented momentum stocks. They were trading at lofty valuation at their peaks, leaving plenty of room for them to pull back. Many were losing money and trading off the hopes of future profitability.</p><p>Essentially every one of these descriptions applies to SoFi.</p><p>In a zero-interest-rate world where inflation concerns are minimal, these types of companies can thrive. But that’s not the world we live in anymore.</p><p>With inflation running at multi-decade highs and over half a dozen rate hikes already priced in, money today is worth more than money tomorrow. Investors have adapted by shunning the companies they just recently loved. Every characteristic above is now a liability. And that hasn’t bode well for SoFi Technologies.</p><p>As a newer public company still in its infant stage, it lacks the institutional backing and history that larger companies can fall back on. That makes it an easier ticker to abandon when investors de-risk their portfolios.</p><h2>SoFi Stock Chart is Terrible</h2><h2><img src=\"https://static.tigerbbs.com/bbed7a6ca991b4576916bc816224563b\" tg-width=\"1851\" tg-height=\"868\" width=\"100%\" height=\"auto\"/></h2><p>If we cut to the heart of the matter, SoFi’s stock chart broadcasts a bearish message loud and clear. Allow me to break it down. The price trend is down on every time frame. The 200-day, 50-day, and 20-day simple moving averages are sinking fast. Distribution days have multiplied, and sellers are quick to snuff out the rally any time we get signs of accumulation.</p><p>The stock is bumping along at all-time lows, bringing all sorts of bearish implications. At one point yesterday, not a single soul on the planet who purchased after the IPO sat in a winning position. Not one. The urge to stop the pain or exit at less of a loss creates a mountain of overhead pressure that threatens to thwart any recovery attempt.</p><p>Even if you love everything that SoFi Technologies represents about the future of fintech, there’s no real evidence that backs a decision to buy here. If there’s anything this bear market has taught and re-taught us, it’s that prices can go a lot lower than you think before hitting the bottom.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Reasons to Steer Clear of SoFi’s Sinking Ship</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Reasons to Steer Clear of SoFi’s Sinking Ship\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-16 10:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/03/steer-clear-of-sofi-stock-sinking-ship/><strong>investorplace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks since, it’s tumbled to $8 for a roughly -40% thrashing. Such a move in a year would be terrible. We ...</p>\n\n<a href=\"https://investorplace.com/2022/03/steer-clear-of-sofi-stock-sinking-ship/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SOFI":"SoFi Technologies Inc."},"source_url":"https://investorplace.com/2022/03/steer-clear-of-sofi-stock-sinking-ship/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148387409","content_text":"The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks since, it’s tumbled to $8 for a roughly -40% thrashing. Such a move in a year would be terrible. We just saw it in nine trading days. And now, SOFI stock is in the single digits for the first time since going public following its merger with a special purpose acquisition company (SPAC) in 2020. Until we see signs of a turnaround, this is a stock to avoid for a few reasons.First, we’re in a bear market, and that’s a terrible backdrop for bullish trades in general.Second, SoFi Technologies is the type of company that is entirely out of favor right now.Third, even if we ignore those other reasons, the chart looks terrible.Let’s take a brief look at each of these critical considerations.The Market TideSoFi stock has staged some stellar rallies over the past year, but none have come in the past five months. This is not a coincidence. The Nasdaq peaked in November and has been pretty much sinking ever since. With this week’s whack, the index officially entered bear country by falling 20% from its highs. But if you look underneath the surface at the more speculative names, it’s way worse.Think of market indexes like the S&P 500, Nasdaq, and Dow Jones Industrial Average as the tide. Individual companies like SoFi are the boats. A rising tide lifts all boats, and a falling tide lowers them. Until the Nasdaq reverses its downtrend, bullish trades on SOFI stock have low odds of sustained follow-through.Money Losers are ShunnedIf you survey the stocks that have been beaten down the most in recent months, you’ll discover they have common characteristics. They are recent initial public offerings (IPOs) or SPACs, and mostly growth-oriented momentum stocks. They were trading at lofty valuation at their peaks, leaving plenty of room for them to pull back. Many were losing money and trading off the hopes of future profitability.Essentially every one of these descriptions applies to SoFi.In a zero-interest-rate world where inflation concerns are minimal, these types of companies can thrive. But that’s not the world we live in anymore.With inflation running at multi-decade highs and over half a dozen rate hikes already priced in, money today is worth more than money tomorrow. Investors have adapted by shunning the companies they just recently loved. Every characteristic above is now a liability. And that hasn’t bode well for SoFi Technologies.As a newer public company still in its infant stage, it lacks the institutional backing and history that larger companies can fall back on. That makes it an easier ticker to abandon when investors de-risk their portfolios.SoFi Stock Chart is TerribleIf we cut to the heart of the matter, SoFi’s stock chart broadcasts a bearish message loud and clear. Allow me to break it down. The price trend is down on every time frame. The 200-day, 50-day, and 20-day simple moving averages are sinking fast. Distribution days have multiplied, and sellers are quick to snuff out the rally any time we get signs of accumulation.The stock is bumping along at all-time lows, bringing all sorts of bearish implications. At one point yesterday, not a single soul on the planet who purchased after the IPO sat in a winning position. Not one. The urge to stop the pain or exit at less of a loss creates a mountain of overhead pressure that threatens to thwart any recovery attempt.Even if you love everything that SoFi Technologies represents about the future of fintech, there’s no real evidence that backs a decision to buy here. If there’s anything this bear market has taught and re-taught us, it’s that prices can go a lot lower than you think before hitting the bottom.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9032586126,"gmtCreate":1647399412970,"gmtModify":1676534225382,"author":{"id":"3574686466924712","authorId":"3574686466924712","name":"Ignis","avatar":"https://static.tigerbbs.com/543d1f3e8b4901fba226eb61e5713bc4","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3574686466924712","idStr":"3574686466924712"},"htmlText":"Lol","listText":"Lol","text":"Lol","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9032586126","repostId":1148387409,"repostType":4,"repost":{"id":"1148387409","kind":"news","pubTimestamp":1647396013,"share":"https://ttm.financial/m/news/1148387409?lang=&edition=fundamental","pubTime":"2022-03-16 10:00","market":"us","language":"en","title":"3 Reasons to Steer Clear of SoFi’s Sinking Ship","url":"https://stock-news.laohu8.com/highlight/detail?id=1148387409","media":"investorplace","summary":"The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks sin","content":"<html><head></head><body><p>The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks since, it’s tumbled to $8 for a roughly -40% thrashing. Such a move in a year would be terrible. We just saw it in nine trading days. And now, SOFI stock is in the single digits for the first time since going public following its merger with a special purpose acquisition company (SPAC) in 2020. Until we see signs of a turnaround, this is a stock to avoid for a few reasons.</p><p>First, we’re in a bear market, and that’s a terrible backdrop for bullish trades in general.</p><p>Second, SoFi Technologies is the type of company that is entirely out of favor right now.</p><p>Third, even if we ignore those other reasons, the chart looks terrible.</p><p>Let’s take a brief look at each of these critical considerations.</p><h2>The Market Tide</h2><p>SoFi stock has staged some stellar rallies over the past year, but none have come in the past five months. This is not a coincidence. The Nasdaq peaked in November and has been pretty much sinking ever since. With this week’s whack, the index officially entered bear country by falling 20% from its highs. But if you look underneath the surface at the more speculative names, it’s way worse.</p><p>Think of market indexes like the S&amp;P 500, Nasdaq, and Dow Jones Industrial Average as the tide. Individual companies like SoFi are the boats. A rising tide lifts all boats, and a falling tide lowers them. Until the Nasdaq reverses its downtrend, bullish trades on SOFI stock have low odds of sustained follow-through.</p><h2>Money Losers are Shunned</h2><p>If you survey the stocks that have been beaten down the most in recent months, you’ll discover they have common characteristics. They are recent initial public offerings (IPOs) or SPACs, and mostly growth-oriented momentum stocks. They were trading at lofty valuation at their peaks, leaving plenty of room for them to pull back. Many were losing money and trading off the hopes of future profitability.</p><p>Essentially every one of these descriptions applies to SoFi.</p><p>In a zero-interest-rate world where inflation concerns are minimal, these types of companies can thrive. But that’s not the world we live in anymore.</p><p>With inflation running at multi-decade highs and over half a dozen rate hikes already priced in, money today is worth more than money tomorrow. Investors have adapted by shunning the companies they just recently loved. Every characteristic above is now a liability. And that hasn’t bode well for SoFi Technologies.</p><p>As a newer public company still in its infant stage, it lacks the institutional backing and history that larger companies can fall back on. That makes it an easier ticker to abandon when investors de-risk their portfolios.</p><h2>SoFi Stock Chart is Terrible</h2><h2><img src=\"https://static.tigerbbs.com/bbed7a6ca991b4576916bc816224563b\" tg-width=\"1851\" tg-height=\"868\" width=\"100%\" height=\"auto\"/></h2><p>If we cut to the heart of the matter, SoFi’s stock chart broadcasts a bearish message loud and clear. Allow me to break it down. The price trend is down on every time frame. The 200-day, 50-day, and 20-day simple moving averages are sinking fast. Distribution days have multiplied, and sellers are quick to snuff out the rally any time we get signs of accumulation.</p><p>The stock is bumping along at all-time lows, bringing all sorts of bearish implications. At one point yesterday, not a single soul on the planet who purchased after the IPO sat in a winning position. Not one. The urge to stop the pain or exit at less of a loss creates a mountain of overhead pressure that threatens to thwart any recovery attempt.</p><p>Even if you love everything that SoFi Technologies represents about the future of fintech, there’s no real evidence that backs a decision to buy here. If there’s anything this bear market has taught and re-taught us, it’s that prices can go a lot lower than you think before hitting the bottom.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Reasons to Steer Clear of SoFi’s Sinking Ship</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Reasons to Steer Clear of SoFi’s Sinking Ship\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-16 10:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/03/steer-clear-of-sofi-stock-sinking-ship/><strong>investorplace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks since, it’s tumbled to $8 for a roughly -40% thrashing. Such a move in a year would be terrible. We ...</p>\n\n<a href=\"https://investorplace.com/2022/03/steer-clear-of-sofi-stock-sinking-ship/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SOFI":"SoFi Technologies Inc."},"source_url":"https://investorplace.com/2022/03/steer-clear-of-sofi-stock-sinking-ship/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148387409","content_text":"The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks since, it’s tumbled to $8 for a roughly -40% thrashing. Such a move in a year would be terrible. We just saw it in nine trading days. And now, SOFI stock is in the single digits for the first time since going public following its merger with a special purpose acquisition company (SPAC) in 2020. Until we see signs of a turnaround, this is a stock to avoid for a few reasons.First, we’re in a bear market, and that’s a terrible backdrop for bullish trades in general.Second, SoFi Technologies is the type of company that is entirely out of favor right now.Third, even if we ignore those other reasons, the chart looks terrible.Let’s take a brief look at each of these critical considerations.The Market TideSoFi stock has staged some stellar rallies over the past year, but none have come in the past five months. This is not a coincidence. The Nasdaq peaked in November and has been pretty much sinking ever since. With this week’s whack, the index officially entered bear country by falling 20% from its highs. But if you look underneath the surface at the more speculative names, it’s way worse.Think of market indexes like the S&P 500, Nasdaq, and Dow Jones Industrial Average as the tide. Individual companies like SoFi are the boats. A rising tide lifts all boats, and a falling tide lowers them. Until the Nasdaq reverses its downtrend, bullish trades on SOFI stock have low odds of sustained follow-through.Money Losers are ShunnedIf you survey the stocks that have been beaten down the most in recent months, you’ll discover they have common characteristics. They are recent initial public offerings (IPOs) or SPACs, and mostly growth-oriented momentum stocks. They were trading at lofty valuation at their peaks, leaving plenty of room for them to pull back. Many were losing money and trading off the hopes of future profitability.Essentially every one of these descriptions applies to SoFi.In a zero-interest-rate world where inflation concerns are minimal, these types of companies can thrive. But that’s not the world we live in anymore.With inflation running at multi-decade highs and over half a dozen rate hikes already priced in, money today is worth more than money tomorrow. Investors have adapted by shunning the companies they just recently loved. Every characteristic above is now a liability. And that hasn’t bode well for SoFi Technologies.As a newer public company still in its infant stage, it lacks the institutional backing and history that larger companies can fall back on. That makes it an easier ticker to abandon when investors de-risk their portfolios.SoFi Stock Chart is TerribleIf we cut to the heart of the matter, SoFi’s stock chart broadcasts a bearish message loud and clear. Allow me to break it down. The price trend is down on every time frame. The 200-day, 50-day, and 20-day simple moving averages are sinking fast. Distribution days have multiplied, and sellers are quick to snuff out the rally any time we get signs of accumulation.The stock is bumping along at all-time lows, bringing all sorts of bearish implications. At one point yesterday, not a single soul on the planet who purchased after the IPO sat in a winning position. Not one. The urge to stop the pain or exit at less of a loss creates a mountain of overhead pressure that threatens to thwart any recovery attempt.Even if you love everything that SoFi Technologies represents about the future of fintech, there’s no real evidence that backs a decision to buy here. If there’s anything this bear market has taught and re-taught us, it’s that prices can go a lot lower than you think before hitting the bottom.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9032589815,"gmtCreate":1647398536522,"gmtModify":1676534225276,"author":{"id":"4099741810897890","authorId":"4099741810897890","name":"Samuellow88","avatar":"https://static.tigerbbs.com/db6e43b10a270f77cdbfc3bf0bca2dd6","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4099741810897890","idStr":"4099741810897890"},"htmlText":"[Cry]&nbsp;","listText":"[Cry]&nbsp;","text":"[Cry]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9032589815","repostId":1148387409,"repostType":2,"repost":{"id":"1148387409","kind":"news","pubTimestamp":1647396013,"share":"https://ttm.financial/m/news/1148387409?lang=&edition=fundamental","pubTime":"2022-03-16 10:00","market":"us","language":"en","title":"3 Reasons to Steer Clear of SoFi’s Sinking Ship","url":"https://stock-news.laohu8.com/highlight/detail?id=1148387409","media":"investorplace","summary":"The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks sin","content":"<html><head></head><body><p>The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks since, it’s tumbled to $8 for a roughly -40% thrashing. Such a move in a year would be terrible. We just saw it in nine trading days. And now, SOFI stock is in the single digits for the first time since going public following its merger with a special purpose acquisition company (SPAC) in 2020. Until we see signs of a turnaround, this is a stock to avoid for a few reasons.</p><p>First, we’re in a bear market, and that’s a terrible backdrop for bullish trades in general.</p><p>Second, SoFi Technologies is the type of company that is entirely out of favor right now.</p><p>Third, even if we ignore those other reasons, the chart looks terrible.</p><p>Let’s take a brief look at each of these critical considerations.</p><h2>The Market Tide</h2><p>SoFi stock has staged some stellar rallies over the past year, but none have come in the past five months. This is not a coincidence. The Nasdaq peaked in November and has been pretty much sinking ever since. With this week’s whack, the index officially entered bear country by falling 20% from its highs. But if you look underneath the surface at the more speculative names, it’s way worse.</p><p>Think of market indexes like the S&amp;P 500, Nasdaq, and Dow Jones Industrial Average as the tide. Individual companies like SoFi are the boats. A rising tide lifts all boats, and a falling tide lowers them. Until the Nasdaq reverses its downtrend, bullish trades on SOFI stock have low odds of sustained follow-through.</p><h2>Money Losers are Shunned</h2><p>If you survey the stocks that have been beaten down the most in recent months, you’ll discover they have common characteristics. They are recent initial public offerings (IPOs) or SPACs, and mostly growth-oriented momentum stocks. They were trading at lofty valuation at their peaks, leaving plenty of room for them to pull back. Many were losing money and trading off the hopes of future profitability.</p><p>Essentially every one of these descriptions applies to SoFi.</p><p>In a zero-interest-rate world where inflation concerns are minimal, these types of companies can thrive. But that’s not the world we live in anymore.</p><p>With inflation running at multi-decade highs and over half a dozen rate hikes already priced in, money today is worth more than money tomorrow. Investors have adapted by shunning the companies they just recently loved. Every characteristic above is now a liability. And that hasn’t bode well for SoFi Technologies.</p><p>As a newer public company still in its infant stage, it lacks the institutional backing and history that larger companies can fall back on. That makes it an easier ticker to abandon when investors de-risk their portfolios.</p><h2>SoFi Stock Chart is Terrible</h2><h2><img src=\"https://static.tigerbbs.com/bbed7a6ca991b4576916bc816224563b\" tg-width=\"1851\" tg-height=\"868\" width=\"100%\" height=\"auto\"/></h2><p>If we cut to the heart of the matter, SoFi’s stock chart broadcasts a bearish message loud and clear. Allow me to break it down. The price trend is down on every time frame. The 200-day, 50-day, and 20-day simple moving averages are sinking fast. Distribution days have multiplied, and sellers are quick to snuff out the rally any time we get signs of accumulation.</p><p>The stock is bumping along at all-time lows, bringing all sorts of bearish implications. At one point yesterday, not a single soul on the planet who purchased after the IPO sat in a winning position. Not one. The urge to stop the pain or exit at less of a loss creates a mountain of overhead pressure that threatens to thwart any recovery attempt.</p><p>Even if you love everything that SoFi Technologies represents about the future of fintech, there’s no real evidence that backs a decision to buy here. If there’s anything this bear market has taught and re-taught us, it’s that prices can go a lot lower than you think before hitting the bottom.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Reasons to Steer Clear of SoFi’s Sinking Ship</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Reasons to Steer Clear of SoFi’s Sinking Ship\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-16 10:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/03/steer-clear-of-sofi-stock-sinking-ship/><strong>investorplace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks since, it’s tumbled to $8 for a roughly -40% thrashing. Such a move in a year would be terrible. We ...</p>\n\n<a href=\"https://investorplace.com/2022/03/steer-clear-of-sofi-stock-sinking-ship/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SOFI":"SoFi Technologies Inc."},"source_url":"https://investorplace.com/2022/03/steer-clear-of-sofi-stock-sinking-ship/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148387409","content_text":"The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks since, it’s tumbled to $8 for a roughly -40% thrashing. Such a move in a year would be terrible. We just saw it in nine trading days. And now, SOFI stock is in the single digits for the first time since going public following its merger with a special purpose acquisition company (SPAC) in 2020. Until we see signs of a turnaround, this is a stock to avoid for a few reasons.First, we’re in a bear market, and that’s a terrible backdrop for bullish trades in general.Second, SoFi Technologies is the type of company that is entirely out of favor right now.Third, even if we ignore those other reasons, the chart looks terrible.Let’s take a brief look at each of these critical considerations.The Market TideSoFi stock has staged some stellar rallies over the past year, but none have come in the past five months. This is not a coincidence. The Nasdaq peaked in November and has been pretty much sinking ever since. With this week’s whack, the index officially entered bear country by falling 20% from its highs. But if you look underneath the surface at the more speculative names, it’s way worse.Think of market indexes like the S&P 500, Nasdaq, and Dow Jones Industrial Average as the tide. Individual companies like SoFi are the boats. A rising tide lifts all boats, and a falling tide lowers them. Until the Nasdaq reverses its downtrend, bullish trades on SOFI stock have low odds of sustained follow-through.Money Losers are ShunnedIf you survey the stocks that have been beaten down the most in recent months, you’ll discover they have common characteristics. They are recent initial public offerings (IPOs) or SPACs, and mostly growth-oriented momentum stocks. They were trading at lofty valuation at their peaks, leaving plenty of room for them to pull back. Many were losing money and trading off the hopes of future profitability.Essentially every one of these descriptions applies to SoFi.In a zero-interest-rate world where inflation concerns are minimal, these types of companies can thrive. But that’s not the world we live in anymore.With inflation running at multi-decade highs and over half a dozen rate hikes already priced in, money today is worth more than money tomorrow. Investors have adapted by shunning the companies they just recently loved. Every characteristic above is now a liability. And that hasn’t bode well for SoFi Technologies.As a newer public company still in its infant stage, it lacks the institutional backing and history that larger companies can fall back on. That makes it an easier ticker to abandon when investors de-risk their portfolios.SoFi Stock Chart is TerribleIf we cut to the heart of the matter, SoFi’s stock chart broadcasts a bearish message loud and clear. Allow me to break it down. The price trend is down on every time frame. The 200-day, 50-day, and 20-day simple moving averages are sinking fast. Distribution days have multiplied, and sellers are quick to snuff out the rally any time we get signs of accumulation.The stock is bumping along at all-time lows, bringing all sorts of bearish implications. At one point yesterday, not a single soul on the planet who purchased after the IPO sat in a winning position. Not one. The urge to stop the pain or exit at less of a loss creates a mountain of overhead pressure that threatens to thwart any recovery attempt.Even if you love everything that SoFi Technologies represents about the future of fintech, there’s no real evidence that backs a decision to buy here. If there’s anything this bear market has taught and re-taught us, it’s that prices can go a lot lower than you think before hitting the bottom.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9032580878,"gmtCreate":1647398451550,"gmtModify":1676534225250,"author":{"id":"3573616695330925","authorId":"3573616695330925","name":"WJ77","avatar":"https://static.tigerbbs.com/56bf6bd5b462948ac1028ecaabdba952","vip":1,"crmLevel":9,"crmLevelSwitch":1,"authorIdStr":"3573616695330925","idStr":"3573616695330925"},"htmlText":"😓😓","listText":"😓😓","text":"😓😓","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9032580878","repostId":1148387409,"repostType":2,"repost":{"id":"1148387409","kind":"news","pubTimestamp":1647396013,"share":"https://ttm.financial/m/news/1148387409?lang=&edition=fundamental","pubTime":"2022-03-16 10:00","market":"us","language":"en","title":"3 Reasons to Steer Clear of SoFi’s Sinking Ship","url":"https://stock-news.laohu8.com/highlight/detail?id=1148387409","media":"investorplace","summary":"The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks sin","content":"<html><head></head><body><p>The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks since, it’s tumbled to $8 for a roughly -40% thrashing. Such a move in a year would be terrible. We just saw it in nine trading days. And now, SOFI stock is in the single digits for the first time since going public following its merger with a special purpose acquisition company (SPAC) in 2020. Until we see signs of a turnaround, this is a stock to avoid for a few reasons.</p><p>First, we’re in a bear market, and that’s a terrible backdrop for bullish trades in general.</p><p>Second, SoFi Technologies is the type of company that is entirely out of favor right now.</p><p>Third, even if we ignore those other reasons, the chart looks terrible.</p><p>Let’s take a brief look at each of these critical considerations.</p><h2>The Market Tide</h2><p>SoFi stock has staged some stellar rallies over the past year, but none have come in the past five months. This is not a coincidence. The Nasdaq peaked in November and has been pretty much sinking ever since. With this week’s whack, the index officially entered bear country by falling 20% from its highs. But if you look underneath the surface at the more speculative names, it’s way worse.</p><p>Think of market indexes like the S&amp;P 500, Nasdaq, and Dow Jones Industrial Average as the tide. Individual companies like SoFi are the boats. A rising tide lifts all boats, and a falling tide lowers them. Until the Nasdaq reverses its downtrend, bullish trades on SOFI stock have low odds of sustained follow-through.</p><h2>Money Losers are Shunned</h2><p>If you survey the stocks that have been beaten down the most in recent months, you’ll discover they have common characteristics. They are recent initial public offerings (IPOs) or SPACs, and mostly growth-oriented momentum stocks. They were trading at lofty valuation at their peaks, leaving plenty of room for them to pull back. Many were losing money and trading off the hopes of future profitability.</p><p>Essentially every one of these descriptions applies to SoFi.</p><p>In a zero-interest-rate world where inflation concerns are minimal, these types of companies can thrive. But that’s not the world we live in anymore.</p><p>With inflation running at multi-decade highs and over half a dozen rate hikes already priced in, money today is worth more than money tomorrow. Investors have adapted by shunning the companies they just recently loved. Every characteristic above is now a liability. And that hasn’t bode well for SoFi Technologies.</p><p>As a newer public company still in its infant stage, it lacks the institutional backing and history that larger companies can fall back on. That makes it an easier ticker to abandon when investors de-risk their portfolios.</p><h2>SoFi Stock Chart is Terrible</h2><h2><img src=\"https://static.tigerbbs.com/bbed7a6ca991b4576916bc816224563b\" tg-width=\"1851\" tg-height=\"868\" width=\"100%\" height=\"auto\"/></h2><p>If we cut to the heart of the matter, SoFi’s stock chart broadcasts a bearish message loud and clear. Allow me to break it down. The price trend is down on every time frame. The 200-day, 50-day, and 20-day simple moving averages are sinking fast. Distribution days have multiplied, and sellers are quick to snuff out the rally any time we get signs of accumulation.</p><p>The stock is bumping along at all-time lows, bringing all sorts of bearish implications. At one point yesterday, not a single soul on the planet who purchased after the IPO sat in a winning position. Not one. The urge to stop the pain or exit at less of a loss creates a mountain of overhead pressure that threatens to thwart any recovery attempt.</p><p>Even if you love everything that SoFi Technologies represents about the future of fintech, there’s no real evidence that backs a decision to buy here. If there’s anything this bear market has taught and re-taught us, it’s that prices can go a lot lower than you think before hitting the bottom.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Reasons to Steer Clear of SoFi’s Sinking Ship</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Reasons to Steer Clear of SoFi’s Sinking Ship\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-16 10:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/03/steer-clear-of-sofi-stock-sinking-ship/><strong>investorplace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks since, it’s tumbled to $8 for a roughly -40% thrashing. Such a move in a year would be terrible. We ...</p>\n\n<a href=\"https://investorplace.com/2022/03/steer-clear-of-sofi-stock-sinking-ship/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SOFI":"SoFi Technologies Inc."},"source_url":"https://investorplace.com/2022/03/steer-clear-of-sofi-stock-sinking-ship/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148387409","content_text":"The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks since, it’s tumbled to $8 for a roughly -40% thrashing. Such a move in a year would be terrible. We just saw it in nine trading days. And now, SOFI stock is in the single digits for the first time since going public following its merger with a special purpose acquisition company (SPAC) in 2020. Until we see signs of a turnaround, this is a stock to avoid for a few reasons.First, we’re in a bear market, and that’s a terrible backdrop for bullish trades in general.Second, SoFi Technologies is the type of company that is entirely out of favor right now.Third, even if we ignore those other reasons, the chart looks terrible.Let’s take a brief look at each of these critical considerations.The Market TideSoFi stock has staged some stellar rallies over the past year, but none have come in the past five months. This is not a coincidence. The Nasdaq peaked in November and has been pretty much sinking ever since. With this week’s whack, the index officially entered bear country by falling 20% from its highs. But if you look underneath the surface at the more speculative names, it’s way worse.Think of market indexes like the S&P 500, Nasdaq, and Dow Jones Industrial Average as the tide. Individual companies like SoFi are the boats. A rising tide lifts all boats, and a falling tide lowers them. Until the Nasdaq reverses its downtrend, bullish trades on SOFI stock have low odds of sustained follow-through.Money Losers are ShunnedIf you survey the stocks that have been beaten down the most in recent months, you’ll discover they have common characteristics. They are recent initial public offerings (IPOs) or SPACs, and mostly growth-oriented momentum stocks. They were trading at lofty valuation at their peaks, leaving plenty of room for them to pull back. Many were losing money and trading off the hopes of future profitability.Essentially every one of these descriptions applies to SoFi.In a zero-interest-rate world where inflation concerns are minimal, these types of companies can thrive. But that’s not the world we live in anymore.With inflation running at multi-decade highs and over half a dozen rate hikes already priced in, money today is worth more than money tomorrow. Investors have adapted by shunning the companies they just recently loved. Every characteristic above is now a liability. And that hasn’t bode well for SoFi Technologies.As a newer public company still in its infant stage, it lacks the institutional backing and history that larger companies can fall back on. That makes it an easier ticker to abandon when investors de-risk their portfolios.SoFi Stock Chart is TerribleIf we cut to the heart of the matter, SoFi’s stock chart broadcasts a bearish message loud and clear. Allow me to break it down. The price trend is down on every time frame. The 200-day, 50-day, and 20-day simple moving averages are sinking fast. Distribution days have multiplied, and sellers are quick to snuff out the rally any time we get signs of accumulation.The stock is bumping along at all-time lows, bringing all sorts of bearish implications. At one point yesterday, not a single soul on the planet who purchased after the IPO sat in a winning position. Not one. The urge to stop the pain or exit at less of a loss creates a mountain of overhead pressure that threatens to thwart any recovery attempt.Even if you love everything that SoFi Technologies represents about the future of fintech, there’s no real evidence that backs a decision to buy here. If there’s anything this bear market has taught and re-taught us, it’s that prices can go a lot lower than you think before hitting the bottom.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9032512895,"gmtCreate":1647397618224,"gmtModify":1676534225099,"author":{"id":"3574998462702549","authorId":"3574998462702549","name":"Willll99","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3574998462702549","idStr":"3574998462702549"},"htmlText":"No mentioning of fundamentals and growth performance, rubbish article.","listText":"No mentioning of fundamentals and growth performance, rubbish article.","text":"No mentioning of fundamentals and growth performance, rubbish article.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9032512895","repostId":1148387409,"repostType":2,"repost":{"id":"1148387409","kind":"news","pubTimestamp":1647396013,"share":"https://ttm.financial/m/news/1148387409?lang=&edition=fundamental","pubTime":"2022-03-16 10:00","market":"us","language":"en","title":"3 Reasons to Steer Clear of SoFi’s Sinking Ship","url":"https://stock-news.laohu8.com/highlight/detail?id=1148387409","media":"investorplace","summary":"The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks sin","content":"<html><head></head><body><p>The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks since, it’s tumbled to $8 for a roughly -40% thrashing. Such a move in a year would be terrible. We just saw it in nine trading days. And now, SOFI stock is in the single digits for the first time since going public following its merger with a special purpose acquisition company (SPAC) in 2020. Until we see signs of a turnaround, this is a stock to avoid for a few reasons.</p><p>First, we’re in a bear market, and that’s a terrible backdrop for bullish trades in general.</p><p>Second, SoFi Technologies is the type of company that is entirely out of favor right now.</p><p>Third, even if we ignore those other reasons, the chart looks terrible.</p><p>Let’s take a brief look at each of these critical considerations.</p><h2>The Market Tide</h2><p>SoFi stock has staged some stellar rallies over the past year, but none have come in the past five months. This is not a coincidence. The Nasdaq peaked in November and has been pretty much sinking ever since. With this week’s whack, the index officially entered bear country by falling 20% from its highs. But if you look underneath the surface at the more speculative names, it’s way worse.</p><p>Think of market indexes like the S&amp;P 500, Nasdaq, and Dow Jones Industrial Average as the tide. Individual companies like SoFi are the boats. A rising tide lifts all boats, and a falling tide lowers them. Until the Nasdaq reverses its downtrend, bullish trades on SOFI stock have low odds of sustained follow-through.</p><h2>Money Losers are Shunned</h2><p>If you survey the stocks that have been beaten down the most in recent months, you’ll discover they have common characteristics. They are recent initial public offerings (IPOs) or SPACs, and mostly growth-oriented momentum stocks. They were trading at lofty valuation at their peaks, leaving plenty of room for them to pull back. Many were losing money and trading off the hopes of future profitability.</p><p>Essentially every one of these descriptions applies to SoFi.</p><p>In a zero-interest-rate world where inflation concerns are minimal, these types of companies can thrive. But that’s not the world we live in anymore.</p><p>With inflation running at multi-decade highs and over half a dozen rate hikes already priced in, money today is worth more than money tomorrow. Investors have adapted by shunning the companies they just recently loved. Every characteristic above is now a liability. And that hasn’t bode well for SoFi Technologies.</p><p>As a newer public company still in its infant stage, it lacks the institutional backing and history that larger companies can fall back on. That makes it an easier ticker to abandon when investors de-risk their portfolios.</p><h2>SoFi Stock Chart is Terrible</h2><h2><img src=\"https://static.tigerbbs.com/bbed7a6ca991b4576916bc816224563b\" tg-width=\"1851\" tg-height=\"868\" width=\"100%\" height=\"auto\"/></h2><p>If we cut to the heart of the matter, SoFi’s stock chart broadcasts a bearish message loud and clear. Allow me to break it down. The price trend is down on every time frame. The 200-day, 50-day, and 20-day simple moving averages are sinking fast. Distribution days have multiplied, and sellers are quick to snuff out the rally any time we get signs of accumulation.</p><p>The stock is bumping along at all-time lows, bringing all sorts of bearish implications. At one point yesterday, not a single soul on the planet who purchased after the IPO sat in a winning position. Not one. The urge to stop the pain or exit at less of a loss creates a mountain of overhead pressure that threatens to thwart any recovery attempt.</p><p>Even if you love everything that SoFi Technologies represents about the future of fintech, there’s no real evidence that backs a decision to buy here. If there’s anything this bear market has taught and re-taught us, it’s that prices can go a lot lower than you think before hitting the bottom.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Reasons to Steer Clear of SoFi’s Sinking Ship</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Reasons to Steer Clear of SoFi’s Sinking Ship\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-16 10:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/03/steer-clear-of-sofi-stock-sinking-ship/><strong>investorplace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks since, it’s tumbled to $8 for a roughly -40% thrashing. Such a move in a year would be terrible. We ...</p>\n\n<a href=\"https://investorplace.com/2022/03/steer-clear-of-sofi-stock-sinking-ship/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SOFI":"SoFi Technologies Inc."},"source_url":"https://investorplace.com/2022/03/steer-clear-of-sofi-stock-sinking-ship/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148387409","content_text":"The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks since, it’s tumbled to $8 for a roughly -40% thrashing. Such a move in a year would be terrible. We just saw it in nine trading days. And now, SOFI stock is in the single digits for the first time since going public following its merger with a special purpose acquisition company (SPAC) in 2020. Until we see signs of a turnaround, this is a stock to avoid for a few reasons.First, we’re in a bear market, and that’s a terrible backdrop for bullish trades in general.Second, SoFi Technologies is the type of company that is entirely out of favor right now.Third, even if we ignore those other reasons, the chart looks terrible.Let’s take a brief look at each of these critical considerations.The Market TideSoFi stock has staged some stellar rallies over the past year, but none have come in the past five months. This is not a coincidence. The Nasdaq peaked in November and has been pretty much sinking ever since. With this week’s whack, the index officially entered bear country by falling 20% from its highs. But if you look underneath the surface at the more speculative names, it’s way worse.Think of market indexes like the S&P 500, Nasdaq, and Dow Jones Industrial Average as the tide. Individual companies like SoFi are the boats. A rising tide lifts all boats, and a falling tide lowers them. Until the Nasdaq reverses its downtrend, bullish trades on SOFI stock have low odds of sustained follow-through.Money Losers are ShunnedIf you survey the stocks that have been beaten down the most in recent months, you’ll discover they have common characteristics. They are recent initial public offerings (IPOs) or SPACs, and mostly growth-oriented momentum stocks. They were trading at lofty valuation at their peaks, leaving plenty of room for them to pull back. Many were losing money and trading off the hopes of future profitability.Essentially every one of these descriptions applies to SoFi.In a zero-interest-rate world where inflation concerns are minimal, these types of companies can thrive. But that’s not the world we live in anymore.With inflation running at multi-decade highs and over half a dozen rate hikes already priced in, money today is worth more than money tomorrow. Investors have adapted by shunning the companies they just recently loved. Every characteristic above is now a liability. And that hasn’t bode well for SoFi Technologies.As a newer public company still in its infant stage, it lacks the institutional backing and history that larger companies can fall back on. That makes it an easier ticker to abandon when investors de-risk their portfolios.SoFi Stock Chart is TerribleIf we cut to the heart of the matter, SoFi’s stock chart broadcasts a bearish message loud and clear. Allow me to break it down. The price trend is down on every time frame. The 200-day, 50-day, and 20-day simple moving averages are sinking fast. Distribution days have multiplied, and sellers are quick to snuff out the rally any time we get signs of accumulation.The stock is bumping along at all-time lows, bringing all sorts of bearish implications. At one point yesterday, not a single soul on the planet who purchased after the IPO sat in a winning position. Not one. The urge to stop the pain or exit at less of a loss creates a mountain of overhead pressure that threatens to thwart any recovery attempt.Even if you love everything that SoFi Technologies represents about the future of fintech, there’s no real evidence that backs a decision to buy here. If there’s anything this bear market has taught and re-taught us, it’s that prices can go a lot lower than you think before hitting the bottom.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9032512379,"gmtCreate":1647397586626,"gmtModify":1676534225091,"author":{"id":"3582072879359907","authorId":"3582072879359907","name":"badumdum","avatar":"https://static.tigerbbs.com/858c953c6d746cceced02c5851bce220","vip":1,"crmLevel":9,"crmLevelSwitch":0,"authorIdStr":"3582072879359907","idStr":"3582072879359907"},"htmlText":"This is interesting. I like overbearish signals. It is becoming more and more attractive as it makes its way down. If SoFi wants to act like a bank, the market will start using metrics to value it against other banks. Yes it has tech and growth components but ultimately when you enter into the banking space, the costs of operating it as a bank will come in and weigh down on margins. So what SoFi needs to do is to show how the margins can be dealt with, and how it intends to use its platform to pull things together to realise not just cost synergies but also ramp up growth. What investors interested in this should do is to sell puts to pick up the stock at a lower price. Take the average P/S of existing top banks, then give it an additional small growth multiple to land at a target price, a","listText":"This is interesting. I like overbearish signals. It is becoming more and more attractive as it makes its way down. If SoFi wants to act like a bank, the market will start using metrics to value it against other banks. Yes it has tech and growth components but ultimately when you enter into the banking space, the costs of operating it as a bank will come in and weigh down on margins. So what SoFi needs to do is to show how the margins can be dealt with, and how it intends to use its platform to pull things together to realise not just cost synergies but also ramp up growth. What investors interested in this should do is to sell puts to pick up the stock at a lower price. Take the average P/S of existing top banks, then give it an additional small growth multiple to land at a target price, a","text":"This is interesting. I like overbearish signals. It is becoming more and more attractive as it makes its way down. If SoFi wants to act like a bank, the market will start using metrics to value it against other banks. Yes it has tech and growth components but ultimately when you enter into the banking space, the costs of operating it as a bank will come in and weigh down on margins. So what SoFi needs to do is to show how the margins can be dealt with, and how it intends to use its platform to pull things together to realise not just cost synergies but also ramp up growth. What investors interested in this should do is to sell puts to pick up the stock at a lower price. Take the average P/S of existing top banks, then give it an additional small growth multiple to land at a target price, a","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9032512379","repostId":1148387409,"repostType":2,"repost":{"id":"1148387409","kind":"news","pubTimestamp":1647396013,"share":"https://ttm.financial/m/news/1148387409?lang=&edition=fundamental","pubTime":"2022-03-16 10:00","market":"us","language":"en","title":"3 Reasons to Steer Clear of SoFi’s Sinking Ship","url":"https://stock-news.laohu8.com/highlight/detail?id=1148387409","media":"investorplace","summary":"The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks sin","content":"<html><head></head><body><p>The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks since, it’s tumbled to $8 for a roughly -40% thrashing. Such a move in a year would be terrible. We just saw it in nine trading days. And now, SOFI stock is in the single digits for the first time since going public following its merger with a special purpose acquisition company (SPAC) in 2020. Until we see signs of a turnaround, this is a stock to avoid for a few reasons.</p><p>First, we’re in a bear market, and that’s a terrible backdrop for bullish trades in general.</p><p>Second, SoFi Technologies is the type of company that is entirely out of favor right now.</p><p>Third, even if we ignore those other reasons, the chart looks terrible.</p><p>Let’s take a brief look at each of these critical considerations.</p><h2>The Market Tide</h2><p>SoFi stock has staged some stellar rallies over the past year, but none have come in the past five months. This is not a coincidence. The Nasdaq peaked in November and has been pretty much sinking ever since. With this week’s whack, the index officially entered bear country by falling 20% from its highs. But if you look underneath the surface at the more speculative names, it’s way worse.</p><p>Think of market indexes like the S&amp;P 500, Nasdaq, and Dow Jones Industrial Average as the tide. Individual companies like SoFi are the boats. A rising tide lifts all boats, and a falling tide lowers them. Until the Nasdaq reverses its downtrend, bullish trades on SOFI stock have low odds of sustained follow-through.</p><h2>Money Losers are Shunned</h2><p>If you survey the stocks that have been beaten down the most in recent months, you’ll discover they have common characteristics. They are recent initial public offerings (IPOs) or SPACs, and mostly growth-oriented momentum stocks. They were trading at lofty valuation at their peaks, leaving plenty of room for them to pull back. Many were losing money and trading off the hopes of future profitability.</p><p>Essentially every one of these descriptions applies to SoFi.</p><p>In a zero-interest-rate world where inflation concerns are minimal, these types of companies can thrive. But that’s not the world we live in anymore.</p><p>With inflation running at multi-decade highs and over half a dozen rate hikes already priced in, money today is worth more than money tomorrow. Investors have adapted by shunning the companies they just recently loved. Every characteristic above is now a liability. And that hasn’t bode well for SoFi Technologies.</p><p>As a newer public company still in its infant stage, it lacks the institutional backing and history that larger companies can fall back on. That makes it an easier ticker to abandon when investors de-risk their portfolios.</p><h2>SoFi Stock Chart is Terrible</h2><h2><img src=\"https://static.tigerbbs.com/bbed7a6ca991b4576916bc816224563b\" tg-width=\"1851\" tg-height=\"868\" width=\"100%\" height=\"auto\"/></h2><p>If we cut to the heart of the matter, SoFi’s stock chart broadcasts a bearish message loud and clear. Allow me to break it down. The price trend is down on every time frame. The 200-day, 50-day, and 20-day simple moving averages are sinking fast. Distribution days have multiplied, and sellers are quick to snuff out the rally any time we get signs of accumulation.</p><p>The stock is bumping along at all-time lows, bringing all sorts of bearish implications. At one point yesterday, not a single soul on the planet who purchased after the IPO sat in a winning position. Not one. The urge to stop the pain or exit at less of a loss creates a mountain of overhead pressure that threatens to thwart any recovery attempt.</p><p>Even if you love everything that SoFi Technologies represents about the future of fintech, there’s no real evidence that backs a decision to buy here. If there’s anything this bear market has taught and re-taught us, it’s that prices can go a lot lower than you think before hitting the bottom.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Reasons to Steer Clear of SoFi’s Sinking Ship</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Reasons to Steer Clear of SoFi’s Sinking Ship\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-16 10:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/03/steer-clear-of-sofi-stock-sinking-ship/><strong>investorplace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks since, it’s tumbled to $8 for a roughly -40% thrashing. Such a move in a year would be terrible. We ...</p>\n\n<a href=\"https://investorplace.com/2022/03/steer-clear-of-sofi-stock-sinking-ship/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SOFI":"SoFi Technologies Inc."},"source_url":"https://investorplace.com/2022/03/steer-clear-of-sofi-stock-sinking-ship/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148387409","content_text":"The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks since, it’s tumbled to $8 for a roughly -40% thrashing. Such a move in a year would be terrible. We just saw it in nine trading days. And now, SOFI stock is in the single digits for the first time since going public following its merger with a special purpose acquisition company (SPAC) in 2020. Until we see signs of a turnaround, this is a stock to avoid for a few reasons.First, we’re in a bear market, and that’s a terrible backdrop for bullish trades in general.Second, SoFi Technologies is the type of company that is entirely out of favor right now.Third, even if we ignore those other reasons, the chart looks terrible.Let’s take a brief look at each of these critical considerations.The Market TideSoFi stock has staged some stellar rallies over the past year, but none have come in the past five months. This is not a coincidence. The Nasdaq peaked in November and has been pretty much sinking ever since. With this week’s whack, the index officially entered bear country by falling 20% from its highs. But if you look underneath the surface at the more speculative names, it’s way worse.Think of market indexes like the S&P 500, Nasdaq, and Dow Jones Industrial Average as the tide. Individual companies like SoFi are the boats. A rising tide lifts all boats, and a falling tide lowers them. Until the Nasdaq reverses its downtrend, bullish trades on SOFI stock have low odds of sustained follow-through.Money Losers are ShunnedIf you survey the stocks that have been beaten down the most in recent months, you’ll discover they have common characteristics. They are recent initial public offerings (IPOs) or SPACs, and mostly growth-oriented momentum stocks. They were trading at lofty valuation at their peaks, leaving plenty of room for them to pull back. Many were losing money and trading off the hopes of future profitability.Essentially every one of these descriptions applies to SoFi.In a zero-interest-rate world where inflation concerns are minimal, these types of companies can thrive. But that’s not the world we live in anymore.With inflation running at multi-decade highs and over half a dozen rate hikes already priced in, money today is worth more than money tomorrow. Investors have adapted by shunning the companies they just recently loved. Every characteristic above is now a liability. And that hasn’t bode well for SoFi Technologies.As a newer public company still in its infant stage, it lacks the institutional backing and history that larger companies can fall back on. That makes it an easier ticker to abandon when investors de-risk their portfolios.SoFi Stock Chart is TerribleIf we cut to the heart of the matter, SoFi’s stock chart broadcasts a bearish message loud and clear. Allow me to break it down. The price trend is down on every time frame. The 200-day, 50-day, and 20-day simple moving averages are sinking fast. Distribution days have multiplied, and sellers are quick to snuff out the rally any time we get signs of accumulation.The stock is bumping along at all-time lows, bringing all sorts of bearish implications. At one point yesterday, not a single soul on the planet who purchased after the IPO sat in a winning position. Not one. The urge to stop the pain or exit at less of a loss creates a mountain of overhead pressure that threatens to thwart any recovery attempt.Even if you love everything that SoFi Technologies represents about the future of fintech, there’s no real evidence that backs a decision to buy here. If there’s anything this bear market has taught and re-taught us, it’s that prices can go a lot lower than you think before hitting the bottom.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9032516585,"gmtCreate":1647397489253,"gmtModify":1676534225083,"author":{"id":"3579215816370312","authorId":"3579215816370312","name":"苗派","avatar":"https://static.itradeup.com/news/3e240c0ff43f51cf950707d226f79472","vip":1,"crmLevel":4,"crmLevelSwitch":1,"authorIdStr":"3579215816370312","idStr":"3579215816370312"},"htmlText":"Sinking ship ??&nbsp;","listText":"Sinking ship ??&nbsp;","text":"Sinking ship ??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9032516585","repostId":1148387409,"repostType":4,"repost":{"id":"1148387409","kind":"news","pubTimestamp":1647396013,"share":"https://ttm.financial/m/news/1148387409?lang=&edition=fundamental","pubTime":"2022-03-16 10:00","market":"us","language":"en","title":"3 Reasons to Steer Clear of SoFi’s Sinking Ship","url":"https://stock-news.laohu8.com/highlight/detail?id=1148387409","media":"investorplace","summary":"The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks sin","content":"<html><head></head><body><p>The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks since, it’s tumbled to $8 for a roughly -40% thrashing. Such a move in a year would be terrible. We just saw it in nine trading days. And now, SOFI stock is in the single digits for the first time since going public following its merger with a special purpose acquisition company (SPAC) in 2020. Until we see signs of a turnaround, this is a stock to avoid for a few reasons.</p><p>First, we’re in a bear market, and that’s a terrible backdrop for bullish trades in general.</p><p>Second, SoFi Technologies is the type of company that is entirely out of favor right now.</p><p>Third, even if we ignore those other reasons, the chart looks terrible.</p><p>Let’s take a brief look at each of these critical considerations.</p><h2>The Market Tide</h2><p>SoFi stock has staged some stellar rallies over the past year, but none have come in the past five months. This is not a coincidence. The Nasdaq peaked in November and has been pretty much sinking ever since. With this week’s whack, the index officially entered bear country by falling 20% from its highs. But if you look underneath the surface at the more speculative names, it’s way worse.</p><p>Think of market indexes like the S&amp;P 500, Nasdaq, and Dow Jones Industrial Average as the tide. Individual companies like SoFi are the boats. A rising tide lifts all boats, and a falling tide lowers them. Until the Nasdaq reverses its downtrend, bullish trades on SOFI stock have low odds of sustained follow-through.</p><h2>Money Losers are Shunned</h2><p>If you survey the stocks that have been beaten down the most in recent months, you’ll discover they have common characteristics. They are recent initial public offerings (IPOs) or SPACs, and mostly growth-oriented momentum stocks. They were trading at lofty valuation at their peaks, leaving plenty of room for them to pull back. Many were losing money and trading off the hopes of future profitability.</p><p>Essentially every one of these descriptions applies to SoFi.</p><p>In a zero-interest-rate world where inflation concerns are minimal, these types of companies can thrive. But that’s not the world we live in anymore.</p><p>With inflation running at multi-decade highs and over half a dozen rate hikes already priced in, money today is worth more than money tomorrow. Investors have adapted by shunning the companies they just recently loved. Every characteristic above is now a liability. And that hasn’t bode well for SoFi Technologies.</p><p>As a newer public company still in its infant stage, it lacks the institutional backing and history that larger companies can fall back on. That makes it an easier ticker to abandon when investors de-risk their portfolios.</p><h2>SoFi Stock Chart is Terrible</h2><h2><img src=\"https://static.tigerbbs.com/bbed7a6ca991b4576916bc816224563b\" tg-width=\"1851\" tg-height=\"868\" width=\"100%\" height=\"auto\"/></h2><p>If we cut to the heart of the matter, SoFi’s stock chart broadcasts a bearish message loud and clear. Allow me to break it down. The price trend is down on every time frame. The 200-day, 50-day, and 20-day simple moving averages are sinking fast. Distribution days have multiplied, and sellers are quick to snuff out the rally any time we get signs of accumulation.</p><p>The stock is bumping along at all-time lows, bringing all sorts of bearish implications. At one point yesterday, not a single soul on the planet who purchased after the IPO sat in a winning position. Not one. The urge to stop the pain or exit at less of a loss creates a mountain of overhead pressure that threatens to thwart any recovery attempt.</p><p>Even if you love everything that SoFi Technologies represents about the future of fintech, there’s no real evidence that backs a decision to buy here. If there’s anything this bear market has taught and re-taught us, it’s that prices can go a lot lower than you think before hitting the bottom.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Reasons to Steer Clear of SoFi’s Sinking Ship</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Reasons to Steer Clear of SoFi’s Sinking Ship\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-16 10:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/03/steer-clear-of-sofi-stock-sinking-ship/><strong>investorplace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks since, it’s tumbled to $8 for a roughly -40% thrashing. Such a move in a year would be terrible. We ...</p>\n\n<a href=\"https://investorplace.com/2022/03/steer-clear-of-sofi-stock-sinking-ship/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SOFI":"SoFi Technologies Inc."},"source_url":"https://investorplace.com/2022/03/steer-clear-of-sofi-stock-sinking-ship/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148387409","content_text":"The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks since, it’s tumbled to $8 for a roughly -40% thrashing. Such a move in a year would be terrible. We just saw it in nine trading days. And now, SOFI stock is in the single digits for the first time since going public following its merger with a special purpose acquisition company (SPAC) in 2020. Until we see signs of a turnaround, this is a stock to avoid for a few reasons.First, we’re in a bear market, and that’s a terrible backdrop for bullish trades in general.Second, SoFi Technologies is the type of company that is entirely out of favor right now.Third, even if we ignore those other reasons, the chart looks terrible.Let’s take a brief look at each of these critical considerations.The Market TideSoFi stock has staged some stellar rallies over the past year, but none have come in the past five months. This is not a coincidence. The Nasdaq peaked in November and has been pretty much sinking ever since. With this week’s whack, the index officially entered bear country by falling 20% from its highs. But if you look underneath the surface at the more speculative names, it’s way worse.Think of market indexes like the S&P 500, Nasdaq, and Dow Jones Industrial Average as the tide. Individual companies like SoFi are the boats. A rising tide lifts all boats, and a falling tide lowers them. Until the Nasdaq reverses its downtrend, bullish trades on SOFI stock have low odds of sustained follow-through.Money Losers are ShunnedIf you survey the stocks that have been beaten down the most in recent months, you’ll discover they have common characteristics. They are recent initial public offerings (IPOs) or SPACs, and mostly growth-oriented momentum stocks. They were trading at lofty valuation at their peaks, leaving plenty of room for them to pull back. Many were losing money and trading off the hopes of future profitability.Essentially every one of these descriptions applies to SoFi.In a zero-interest-rate world where inflation concerns are minimal, these types of companies can thrive. But that’s not the world we live in anymore.With inflation running at multi-decade highs and over half a dozen rate hikes already priced in, money today is worth more than money tomorrow. Investors have adapted by shunning the companies they just recently loved. Every characteristic above is now a liability. And that hasn’t bode well for SoFi Technologies.As a newer public company still in its infant stage, it lacks the institutional backing and history that larger companies can fall back on. That makes it an easier ticker to abandon when investors de-risk their portfolios.SoFi Stock Chart is TerribleIf we cut to the heart of the matter, SoFi’s stock chart broadcasts a bearish message loud and clear. Allow me to break it down. The price trend is down on every time frame. The 200-day, 50-day, and 20-day simple moving averages are sinking fast. Distribution days have multiplied, and sellers are quick to snuff out the rally any time we get signs of accumulation.The stock is bumping along at all-time lows, bringing all sorts of bearish implications. At one point yesterday, not a single soul on the planet who purchased after the IPO sat in a winning position. Not one. The urge to stop the pain or exit at less of a loss creates a mountain of overhead pressure that threatens to thwart any recovery attempt.Even if you love everything that SoFi Technologies represents about the future of fintech, there’s no real evidence that backs a decision to buy here. If there’s anything this bear market has taught and re-taught us, it’s that prices can go a lot lower than you think before hitting the bottom.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9032516678,"gmtCreate":1647397413446,"gmtModify":1676534225075,"author":{"id":"4108210557092670","authorId":"4108210557092670","name":"Stv59","avatar":"https://community-static.tradeup.com/news/38f3e680cd69f8fbdaa4ef1bff4f5405","vip":1,"crmLevel":2,"crmLevelSwitch":1,"authorIdStr":"4108210557092670","idStr":"4108210557092670"},"htmlText":"[Thinking]&nbsp;","listText":"[Thinking]&nbsp;","text":"[Thinking]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9032516678","repostId":1148387409,"repostType":2,"repost":{"id":"1148387409","kind":"news","pubTimestamp":1647396013,"share":"https://ttm.financial/m/news/1148387409?lang=&edition=fundamental","pubTime":"2022-03-16 10:00","market":"us","language":"en","title":"3 Reasons to Steer Clear of SoFi’s Sinking Ship","url":"https://stock-news.laohu8.com/highlight/detail?id=1148387409","media":"investorplace","summary":"The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks sin","content":"<html><head></head><body><p>The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks since, it’s tumbled to $8 for a roughly -40% thrashing. Such a move in a year would be terrible. We just saw it in nine trading days. And now, SOFI stock is in the single digits for the first time since going public following its merger with a special purpose acquisition company (SPAC) in 2020. Until we see signs of a turnaround, this is a stock to avoid for a few reasons.</p><p>First, we’re in a bear market, and that’s a terrible backdrop for bullish trades in general.</p><p>Second, SoFi Technologies is the type of company that is entirely out of favor right now.</p><p>Third, even if we ignore those other reasons, the chart looks terrible.</p><p>Let’s take a brief look at each of these critical considerations.</p><h2>The Market Tide</h2><p>SoFi stock has staged some stellar rallies over the past year, but none have come in the past five months. This is not a coincidence. The Nasdaq peaked in November and has been pretty much sinking ever since. With this week’s whack, the index officially entered bear country by falling 20% from its highs. But if you look underneath the surface at the more speculative names, it’s way worse.</p><p>Think of market indexes like the S&amp;P 500, Nasdaq, and Dow Jones Industrial Average as the tide. Individual companies like SoFi are the boats. A rising tide lifts all boats, and a falling tide lowers them. Until the Nasdaq reverses its downtrend, bullish trades on SOFI stock have low odds of sustained follow-through.</p><h2>Money Losers are Shunned</h2><p>If you survey the stocks that have been beaten down the most in recent months, you’ll discover they have common characteristics. They are recent initial public offerings (IPOs) or SPACs, and mostly growth-oriented momentum stocks. They were trading at lofty valuation at their peaks, leaving plenty of room for them to pull back. Many were losing money and trading off the hopes of future profitability.</p><p>Essentially every one of these descriptions applies to SoFi.</p><p>In a zero-interest-rate world where inflation concerns are minimal, these types of companies can thrive. But that’s not the world we live in anymore.</p><p>With inflation running at multi-decade highs and over half a dozen rate hikes already priced in, money today is worth more than money tomorrow. Investors have adapted by shunning the companies they just recently loved. Every characteristic above is now a liability. And that hasn’t bode well for SoFi Technologies.</p><p>As a newer public company still in its infant stage, it lacks the institutional backing and history that larger companies can fall back on. That makes it an easier ticker to abandon when investors de-risk their portfolios.</p><h2>SoFi Stock Chart is Terrible</h2><h2><img src=\"https://static.tigerbbs.com/bbed7a6ca991b4576916bc816224563b\" tg-width=\"1851\" tg-height=\"868\" width=\"100%\" height=\"auto\"/></h2><p>If we cut to the heart of the matter, SoFi’s stock chart broadcasts a bearish message loud and clear. Allow me to break it down. The price trend is down on every time frame. The 200-day, 50-day, and 20-day simple moving averages are sinking fast. Distribution days have multiplied, and sellers are quick to snuff out the rally any time we get signs of accumulation.</p><p>The stock is bumping along at all-time lows, bringing all sorts of bearish implications. At one point yesterday, not a single soul on the planet who purchased after the IPO sat in a winning position. Not one. The urge to stop the pain or exit at less of a loss creates a mountain of overhead pressure that threatens to thwart any recovery attempt.</p><p>Even if you love everything that SoFi Technologies represents about the future of fintech, there’s no real evidence that backs a decision to buy here. If there’s anything this bear market has taught and re-taught us, it’s that prices can go a lot lower than you think before hitting the bottom.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Reasons to Steer Clear of SoFi’s Sinking Ship</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Reasons to Steer Clear of SoFi’s Sinking Ship\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-16 10:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/03/steer-clear-of-sofi-stock-sinking-ship/><strong>investorplace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks since, it’s tumbled to $8 for a roughly -40% thrashing. Such a move in a year would be terrible. We ...</p>\n\n<a href=\"https://investorplace.com/2022/03/steer-clear-of-sofi-stock-sinking-ship/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SOFI":"SoFi Technologies Inc."},"source_url":"https://investorplace.com/2022/03/steer-clear-of-sofi-stock-sinking-ship/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148387409","content_text":"The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks since, it’s tumbled to $8 for a roughly -40% thrashing. Such a move in a year would be terrible. We just saw it in nine trading days. And now, SOFI stock is in the single digits for the first time since going public following its merger with a special purpose acquisition company (SPAC) in 2020. Until we see signs of a turnaround, this is a stock to avoid for a few reasons.First, we’re in a bear market, and that’s a terrible backdrop for bullish trades in general.Second, SoFi Technologies is the type of company that is entirely out of favor right now.Third, even if we ignore those other reasons, the chart looks terrible.Let’s take a brief look at each of these critical considerations.The Market TideSoFi stock has staged some stellar rallies over the past year, but none have come in the past five months. This is not a coincidence. The Nasdaq peaked in November and has been pretty much sinking ever since. With this week’s whack, the index officially entered bear country by falling 20% from its highs. But if you look underneath the surface at the more speculative names, it’s way worse.Think of market indexes like the S&P 500, Nasdaq, and Dow Jones Industrial Average as the tide. Individual companies like SoFi are the boats. A rising tide lifts all boats, and a falling tide lowers them. Until the Nasdaq reverses its downtrend, bullish trades on SOFI stock have low odds of sustained follow-through.Money Losers are ShunnedIf you survey the stocks that have been beaten down the most in recent months, you’ll discover they have common characteristics. They are recent initial public offerings (IPOs) or SPACs, and mostly growth-oriented momentum stocks. They were trading at lofty valuation at their peaks, leaving plenty of room for them to pull back. Many were losing money and trading off the hopes of future profitability.Essentially every one of these descriptions applies to SoFi.In a zero-interest-rate world where inflation concerns are minimal, these types of companies can thrive. But that’s not the world we live in anymore.With inflation running at multi-decade highs and over half a dozen rate hikes already priced in, money today is worth more than money tomorrow. Investors have adapted by shunning the companies they just recently loved. Every characteristic above is now a liability. And that hasn’t bode well for SoFi Technologies.As a newer public company still in its infant stage, it lacks the institutional backing and history that larger companies can fall back on. That makes it an easier ticker to abandon when investors de-risk their portfolios.SoFi Stock Chart is TerribleIf we cut to the heart of the matter, SoFi’s stock chart broadcasts a bearish message loud and clear. Allow me to break it down. The price trend is down on every time frame. The 200-day, 50-day, and 20-day simple moving averages are sinking fast. Distribution days have multiplied, and sellers are quick to snuff out the rally any time we get signs of accumulation.The stock is bumping along at all-time lows, bringing all sorts of bearish implications. At one point yesterday, not a single soul on the planet who purchased after the IPO sat in a winning position. Not one. The urge to stop the pain or exit at less of a loss creates a mountain of overhead pressure that threatens to thwart any recovery attempt.Even if you love everything that SoFi Technologies represents about the future of fintech, there’s no real evidence that backs a decision to buy here. If there’s anything this bear market has taught and re-taught us, it’s that prices can go a lot lower than you think before hitting the bottom.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9032513657,"gmtCreate":1647397051301,"gmtModify":1676534225010,"author":{"id":"3563320259392103","authorId":"3563320259392103","name":"Jtjy","avatar":"https://static.tigerbbs.com/1c081789be367c3f6d8f9f1495e74177","vip":1,"crmLevel":9,"crmLevelSwitch":1,"authorIdStr":"3563320259392103","idStr":"3563320259392103"},"htmlText":"Rubbish article with no concrete evidence of company's performance.","listText":"Rubbish article with no concrete evidence of company's performance.","text":"Rubbish article with no concrete evidence of company's performance.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9032513657","repostId":1148387409,"repostType":2,"repost":{"id":"1148387409","kind":"news","pubTimestamp":1647396013,"share":"https://ttm.financial/m/news/1148387409?lang=&edition=fundamental","pubTime":"2022-03-16 10:00","market":"us","language":"en","title":"3 Reasons to Steer Clear of SoFi’s Sinking Ship","url":"https://stock-news.laohu8.com/highlight/detail?id=1148387409","media":"investorplace","summary":"The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks sin","content":"<html><head></head><body><p>The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks since, it’s tumbled to $8 for a roughly -40% thrashing. Such a move in a year would be terrible. We just saw it in nine trading days. And now, SOFI stock is in the single digits for the first time since going public following its merger with a special purpose acquisition company (SPAC) in 2020. Until we see signs of a turnaround, this is a stock to avoid for a few reasons.</p><p>First, we’re in a bear market, and that’s a terrible backdrop for bullish trades in general.</p><p>Second, SoFi Technologies is the type of company that is entirely out of favor right now.</p><p>Third, even if we ignore those other reasons, the chart looks terrible.</p><p>Let’s take a brief look at each of these critical considerations.</p><h2>The Market Tide</h2><p>SoFi stock has staged some stellar rallies over the past year, but none have come in the past five months. This is not a coincidence. The Nasdaq peaked in November and has been pretty much sinking ever since. With this week’s whack, the index officially entered bear country by falling 20% from its highs. But if you look underneath the surface at the more speculative names, it’s way worse.</p><p>Think of market indexes like the S&amp;P 500, Nasdaq, and Dow Jones Industrial Average as the tide. Individual companies like SoFi are the boats. A rising tide lifts all boats, and a falling tide lowers them. Until the Nasdaq reverses its downtrend, bullish trades on SOFI stock have low odds of sustained follow-through.</p><h2>Money Losers are Shunned</h2><p>If you survey the stocks that have been beaten down the most in recent months, you’ll discover they have common characteristics. They are recent initial public offerings (IPOs) or SPACs, and mostly growth-oriented momentum stocks. They were trading at lofty valuation at their peaks, leaving plenty of room for them to pull back. Many were losing money and trading off the hopes of future profitability.</p><p>Essentially every one of these descriptions applies to SoFi.</p><p>In a zero-interest-rate world where inflation concerns are minimal, these types of companies can thrive. But that’s not the world we live in anymore.</p><p>With inflation running at multi-decade highs and over half a dozen rate hikes already priced in, money today is worth more than money tomorrow. Investors have adapted by shunning the companies they just recently loved. Every characteristic above is now a liability. And that hasn’t bode well for SoFi Technologies.</p><p>As a newer public company still in its infant stage, it lacks the institutional backing and history that larger companies can fall back on. That makes it an easier ticker to abandon when investors de-risk their portfolios.</p><h2>SoFi Stock Chart is Terrible</h2><h2><img src=\"https://static.tigerbbs.com/bbed7a6ca991b4576916bc816224563b\" tg-width=\"1851\" tg-height=\"868\" width=\"100%\" height=\"auto\"/></h2><p>If we cut to the heart of the matter, SoFi’s stock chart broadcasts a bearish message loud and clear. Allow me to break it down. The price trend is down on every time frame. The 200-day, 50-day, and 20-day simple moving averages are sinking fast. Distribution days have multiplied, and sellers are quick to snuff out the rally any time we get signs of accumulation.</p><p>The stock is bumping along at all-time lows, bringing all sorts of bearish implications. At one point yesterday, not a single soul on the planet who purchased after the IPO sat in a winning position. Not one. The urge to stop the pain or exit at less of a loss creates a mountain of overhead pressure that threatens to thwart any recovery attempt.</p><p>Even if you love everything that SoFi Technologies represents about the future of fintech, there’s no real evidence that backs a decision to buy here. If there’s anything this bear market has taught and re-taught us, it’s that prices can go a lot lower than you think before hitting the bottom.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Reasons to Steer Clear of SoFi’s Sinking Ship</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Reasons to Steer Clear of SoFi’s Sinking Ship\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-16 10:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/03/steer-clear-of-sofi-stock-sinking-ship/><strong>investorplace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks since, it’s tumbled to $8 for a roughly -40% thrashing. Such a move in a year would be terrible. We ...</p>\n\n<a href=\"https://investorplace.com/2022/03/steer-clear-of-sofi-stock-sinking-ship/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SOFI":"SoFi Technologies Inc."},"source_url":"https://investorplace.com/2022/03/steer-clear-of-sofi-stock-sinking-ship/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148387409","content_text":"The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks since, it’s tumbled to $8 for a roughly -40% thrashing. Such a move in a year would be terrible. We just saw it in nine trading days. And now, SOFI stock is in the single digits for the first time since going public following its merger with a special purpose acquisition company (SPAC) in 2020. Until we see signs of a turnaround, this is a stock to avoid for a few reasons.First, we’re in a bear market, and that’s a terrible backdrop for bullish trades in general.Second, SoFi Technologies is the type of company that is entirely out of favor right now.Third, even if we ignore those other reasons, the chart looks terrible.Let’s take a brief look at each of these critical considerations.The Market TideSoFi stock has staged some stellar rallies over the past year, but none have come in the past five months. This is not a coincidence. The Nasdaq peaked in November and has been pretty much sinking ever since. With this week’s whack, the index officially entered bear country by falling 20% from its highs. But if you look underneath the surface at the more speculative names, it’s way worse.Think of market indexes like the S&P 500, Nasdaq, and Dow Jones Industrial Average as the tide. Individual companies like SoFi are the boats. A rising tide lifts all boats, and a falling tide lowers them. Until the Nasdaq reverses its downtrend, bullish trades on SOFI stock have low odds of sustained follow-through.Money Losers are ShunnedIf you survey the stocks that have been beaten down the most in recent months, you’ll discover they have common characteristics. They are recent initial public offerings (IPOs) or SPACs, and mostly growth-oriented momentum stocks. They were trading at lofty valuation at their peaks, leaving plenty of room for them to pull back. Many were losing money and trading off the hopes of future profitability.Essentially every one of these descriptions applies to SoFi.In a zero-interest-rate world where inflation concerns are minimal, these types of companies can thrive. But that’s not the world we live in anymore.With inflation running at multi-decade highs and over half a dozen rate hikes already priced in, money today is worth more than money tomorrow. Investors have adapted by shunning the companies they just recently loved. Every characteristic above is now a liability. And that hasn’t bode well for SoFi Technologies.As a newer public company still in its infant stage, it lacks the institutional backing and history that larger companies can fall back on. That makes it an easier ticker to abandon when investors de-risk their portfolios.SoFi Stock Chart is TerribleIf we cut to the heart of the matter, SoFi’s stock chart broadcasts a bearish message loud and clear. Allow me to break it down. The price trend is down on every time frame. The 200-day, 50-day, and 20-day simple moving averages are sinking fast. Distribution days have multiplied, and sellers are quick to snuff out the rally any time we get signs of accumulation.The stock is bumping along at all-time lows, bringing all sorts of bearish implications. At one point yesterday, not a single soul on the planet who purchased after the IPO sat in a winning position. Not one. The urge to stop the pain or exit at less of a loss creates a mountain of overhead pressure that threatens to thwart any recovery attempt.Even if you love everything that SoFi Technologies represents about the future of fintech, there’s no real evidence that backs a decision to buy here. If there’s anything this bear market has taught and re-taught us, it’s that prices can go a lot lower than you think before hitting the bottom.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9032510176,"gmtCreate":1647396806952,"gmtModify":1676534224953,"author":{"id":"4098445225447010","authorId":"4098445225447010","name":"Ah Deck","avatar":"https://static.tigerbbs.com/0e52eb1e14e0f630d24f1687ea546cd8","vip":1,"crmLevel":2,"crmLevelSwitch":1,"authorIdStr":"4098445225447010","idStr":"4098445225447010"},"htmlText":"[Facepalm]&nbsp;⋯⋯like pls&nbsp;","listText":"[Facepalm]&nbsp;⋯⋯like pls&nbsp;","text":"[Facepalm] ⋯⋯like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9032510176","repostId":1148387409,"repostType":2,"repost":{"id":"1148387409","kind":"news","pubTimestamp":1647396013,"share":"https://ttm.financial/m/news/1148387409?lang=&edition=fundamental","pubTime":"2022-03-16 10:00","market":"us","language":"en","title":"3 Reasons to Steer Clear of SoFi’s Sinking Ship","url":"https://stock-news.laohu8.com/highlight/detail?id=1148387409","media":"investorplace","summary":"The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks sin","content":"<html><head></head><body><p>The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks since, it’s tumbled to $8 for a roughly -40% thrashing. Such a move in a year would be terrible. We just saw it in nine trading days. And now, SOFI stock is in the single digits for the first time since going public following its merger with a special purpose acquisition company (SPAC) in 2020. Until we see signs of a turnaround, this is a stock to avoid for a few reasons.</p><p>First, we’re in a bear market, and that’s a terrible backdrop for bullish trades in general.</p><p>Second, SoFi Technologies is the type of company that is entirely out of favor right now.</p><p>Third, even if we ignore those other reasons, the chart looks terrible.</p><p>Let’s take a brief look at each of these critical considerations.</p><h2>The Market Tide</h2><p>SoFi stock has staged some stellar rallies over the past year, but none have come in the past five months. This is not a coincidence. The Nasdaq peaked in November and has been pretty much sinking ever since. With this week’s whack, the index officially entered bear country by falling 20% from its highs. But if you look underneath the surface at the more speculative names, it’s way worse.</p><p>Think of market indexes like the S&amp;P 500, Nasdaq, and Dow Jones Industrial Average as the tide. Individual companies like SoFi are the boats. A rising tide lifts all boats, and a falling tide lowers them. Until the Nasdaq reverses its downtrend, bullish trades on SOFI stock have low odds of sustained follow-through.</p><h2>Money Losers are Shunned</h2><p>If you survey the stocks that have been beaten down the most in recent months, you’ll discover they have common characteristics. They are recent initial public offerings (IPOs) or SPACs, and mostly growth-oriented momentum stocks. They were trading at lofty valuation at their peaks, leaving plenty of room for them to pull back. Many were losing money and trading off the hopes of future profitability.</p><p>Essentially every one of these descriptions applies to SoFi.</p><p>In a zero-interest-rate world where inflation concerns are minimal, these types of companies can thrive. But that’s not the world we live in anymore.</p><p>With inflation running at multi-decade highs and over half a dozen rate hikes already priced in, money today is worth more than money tomorrow. Investors have adapted by shunning the companies they just recently loved. Every characteristic above is now a liability. And that hasn’t bode well for SoFi Technologies.</p><p>As a newer public company still in its infant stage, it lacks the institutional backing and history that larger companies can fall back on. That makes it an easier ticker to abandon when investors de-risk their portfolios.</p><h2>SoFi Stock Chart is Terrible</h2><h2><img src=\"https://static.tigerbbs.com/bbed7a6ca991b4576916bc816224563b\" tg-width=\"1851\" tg-height=\"868\" width=\"100%\" height=\"auto\"/></h2><p>If we cut to the heart of the matter, SoFi’s stock chart broadcasts a bearish message loud and clear. Allow me to break it down. The price trend is down on every time frame. The 200-day, 50-day, and 20-day simple moving averages are sinking fast. Distribution days have multiplied, and sellers are quick to snuff out the rally any time we get signs of accumulation.</p><p>The stock is bumping along at all-time lows, bringing all sorts of bearish implications. At one point yesterday, not a single soul on the planet who purchased after the IPO sat in a winning position. Not one. The urge to stop the pain or exit at less of a loss creates a mountain of overhead pressure that threatens to thwart any recovery attempt.</p><p>Even if you love everything that SoFi Technologies represents about the future of fintech, there’s no real evidence that backs a decision to buy here. If there’s anything this bear market has taught and re-taught us, it’s that prices can go a lot lower than you think before hitting the bottom.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Reasons to Steer Clear of SoFi’s Sinking Ship</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Reasons to Steer Clear of SoFi’s Sinking Ship\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-16 10:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/03/steer-clear-of-sofi-stock-sinking-ship/><strong>investorplace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks since, it’s tumbled to $8 for a roughly -40% thrashing. Such a move in a year would be terrible. We ...</p>\n\n<a href=\"https://investorplace.com/2022/03/steer-clear-of-sofi-stock-sinking-ship/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SOFI":"SoFi Technologies Inc."},"source_url":"https://investorplace.com/2022/03/steer-clear-of-sofi-stock-sinking-ship/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148387409","content_text":"The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks since, it’s tumbled to $8 for a roughly -40% thrashing. Such a move in a year would be terrible. We just saw it in nine trading days. And now, SOFI stock is in the single digits for the first time since going public following its merger with a special purpose acquisition company (SPAC) in 2020. Until we see signs of a turnaround, this is a stock to avoid for a few reasons.First, we’re in a bear market, and that’s a terrible backdrop for bullish trades in general.Second, SoFi Technologies is the type of company that is entirely out of favor right now.Third, even if we ignore those other reasons, the chart looks terrible.Let’s take a brief look at each of these critical considerations.The Market TideSoFi stock has staged some stellar rallies over the past year, but none have come in the past five months. This is not a coincidence. The Nasdaq peaked in November and has been pretty much sinking ever since. With this week’s whack, the index officially entered bear country by falling 20% from its highs. But if you look underneath the surface at the more speculative names, it’s way worse.Think of market indexes like the S&P 500, Nasdaq, and Dow Jones Industrial Average as the tide. Individual companies like SoFi are the boats. A rising tide lifts all boats, and a falling tide lowers them. Until the Nasdaq reverses its downtrend, bullish trades on SOFI stock have low odds of sustained follow-through.Money Losers are ShunnedIf you survey the stocks that have been beaten down the most in recent months, you’ll discover they have common characteristics. They are recent initial public offerings (IPOs) or SPACs, and mostly growth-oriented momentum stocks. They were trading at lofty valuation at their peaks, leaving plenty of room for them to pull back. Many were losing money and trading off the hopes of future profitability.Essentially every one of these descriptions applies to SoFi.In a zero-interest-rate world where inflation concerns are minimal, these types of companies can thrive. But that’s not the world we live in anymore.With inflation running at multi-decade highs and over half a dozen rate hikes already priced in, money today is worth more than money tomorrow. Investors have adapted by shunning the companies they just recently loved. Every characteristic above is now a liability. And that hasn’t bode well for SoFi Technologies.As a newer public company still in its infant stage, it lacks the institutional backing and history that larger companies can fall back on. That makes it an easier ticker to abandon when investors de-risk their portfolios.SoFi Stock Chart is TerribleIf we cut to the heart of the matter, SoFi’s stock chart broadcasts a bearish message loud and clear. Allow me to break it down. The price trend is down on every time frame. The 200-day, 50-day, and 20-day simple moving averages are sinking fast. Distribution days have multiplied, and sellers are quick to snuff out the rally any time we get signs of accumulation.The stock is bumping along at all-time lows, bringing all sorts of bearish implications. At one point yesterday, not a single soul on the planet who purchased after the IPO sat in a winning position. Not one. The urge to stop the pain or exit at less of a loss creates a mountain of overhead pressure that threatens to thwart any recovery attempt.Even if you love everything that SoFi Technologies represents about the future of fintech, there’s no real evidence that backs a decision to buy here. If there’s anything this bear market has taught and re-taught us, it’s that prices can go a lot lower than you think before hitting the bottom.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9032510996,"gmtCreate":1647396770416,"gmtModify":1676534224948,"author":{"id":"4102168502547610","authorId":"4102168502547610","name":"Joe wang","avatar":"https://static.tigerbbs.com/7870a918b6d411bf9245831cac66e2dc","vip":1,"crmLevel":7,"crmLevelSwitch":0,"authorIdStr":"4102168502547610","idStr":"4102168502547610"},"htmlText":"Good luck","listText":"Good luck","text":"Good luck","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9032510996","repostId":1148387409,"repostType":2,"repost":{"id":"1148387409","kind":"news","pubTimestamp":1647396013,"share":"https://ttm.financial/m/news/1148387409?lang=&edition=fundamental","pubTime":"2022-03-16 10:00","market":"us","language":"en","title":"3 Reasons to Steer Clear of SoFi’s Sinking Ship","url":"https://stock-news.laohu8.com/highlight/detail?id=1148387409","media":"investorplace","summary":"The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks sin","content":"<html><head></head><body><p>The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks since, it’s tumbled to $8 for a roughly -40% thrashing. Such a move in a year would be terrible. We just saw it in nine trading days. And now, SOFI stock is in the single digits for the first time since going public following its merger with a special purpose acquisition company (SPAC) in 2020. Until we see signs of a turnaround, this is a stock to avoid for a few reasons.</p><p>First, we’re in a bear market, and that’s a terrible backdrop for bullish trades in general.</p><p>Second, SoFi Technologies is the type of company that is entirely out of favor right now.</p><p>Third, even if we ignore those other reasons, the chart looks terrible.</p><p>Let’s take a brief look at each of these critical considerations.</p><h2>The Market Tide</h2><p>SoFi stock has staged some stellar rallies over the past year, but none have come in the past five months. This is not a coincidence. The Nasdaq peaked in November and has been pretty much sinking ever since. With this week’s whack, the index officially entered bear country by falling 20% from its highs. But if you look underneath the surface at the more speculative names, it’s way worse.</p><p>Think of market indexes like the S&amp;P 500, Nasdaq, and Dow Jones Industrial Average as the tide. Individual companies like SoFi are the boats. A rising tide lifts all boats, and a falling tide lowers them. Until the Nasdaq reverses its downtrend, bullish trades on SOFI stock have low odds of sustained follow-through.</p><h2>Money Losers are Shunned</h2><p>If you survey the stocks that have been beaten down the most in recent months, you’ll discover they have common characteristics. They are recent initial public offerings (IPOs) or SPACs, and mostly growth-oriented momentum stocks. They were trading at lofty valuation at their peaks, leaving plenty of room for them to pull back. Many were losing money and trading off the hopes of future profitability.</p><p>Essentially every one of these descriptions applies to SoFi.</p><p>In a zero-interest-rate world where inflation concerns are minimal, these types of companies can thrive. But that’s not the world we live in anymore.</p><p>With inflation running at multi-decade highs and over half a dozen rate hikes already priced in, money today is worth more than money tomorrow. Investors have adapted by shunning the companies they just recently loved. Every characteristic above is now a liability. And that hasn’t bode well for SoFi Technologies.</p><p>As a newer public company still in its infant stage, it lacks the institutional backing and history that larger companies can fall back on. That makes it an easier ticker to abandon when investors de-risk their portfolios.</p><h2>SoFi Stock Chart is Terrible</h2><h2><img src=\"https://static.tigerbbs.com/bbed7a6ca991b4576916bc816224563b\" tg-width=\"1851\" tg-height=\"868\" width=\"100%\" height=\"auto\"/></h2><p>If we cut to the heart of the matter, SoFi’s stock chart broadcasts a bearish message loud and clear. Allow me to break it down. The price trend is down on every time frame. The 200-day, 50-day, and 20-day simple moving averages are sinking fast. Distribution days have multiplied, and sellers are quick to snuff out the rally any time we get signs of accumulation.</p><p>The stock is bumping along at all-time lows, bringing all sorts of bearish implications. At one point yesterday, not a single soul on the planet who purchased after the IPO sat in a winning position. Not one. The urge to stop the pain or exit at less of a loss creates a mountain of overhead pressure that threatens to thwart any recovery attempt.</p><p>Even if you love everything that SoFi Technologies represents about the future of fintech, there’s no real evidence that backs a decision to buy here. If there’s anything this bear market has taught and re-taught us, it’s that prices can go a lot lower than you think before hitting the bottom.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Reasons to Steer Clear of SoFi’s Sinking Ship</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Reasons to Steer Clear of SoFi’s Sinking Ship\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-16 10:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/03/steer-clear-of-sofi-stock-sinking-ship/><strong>investorplace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks since, it’s tumbled to $8 for a roughly -40% thrashing. Such a move in a year would be terrible. We ...</p>\n\n<a href=\"https://investorplace.com/2022/03/steer-clear-of-sofi-stock-sinking-ship/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SOFI":"SoFi Technologies Inc."},"source_url":"https://investorplace.com/2022/03/steer-clear-of-sofi-stock-sinking-ship/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148387409","content_text":"The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks since, it’s tumbled to $8 for a roughly -40% thrashing. Such a move in a year would be terrible. We just saw it in nine trading days. And now, SOFI stock is in the single digits for the first time since going public following its merger with a special purpose acquisition company (SPAC) in 2020. Until we see signs of a turnaround, this is a stock to avoid for a few reasons.First, we’re in a bear market, and that’s a terrible backdrop for bullish trades in general.Second, SoFi Technologies is the type of company that is entirely out of favor right now.Third, even if we ignore those other reasons, the chart looks terrible.Let’s take a brief look at each of these critical considerations.The Market TideSoFi stock has staged some stellar rallies over the past year, but none have come in the past five months. This is not a coincidence. The Nasdaq peaked in November and has been pretty much sinking ever since. With this week’s whack, the index officially entered bear country by falling 20% from its highs. But if you look underneath the surface at the more speculative names, it’s way worse.Think of market indexes like the S&P 500, Nasdaq, and Dow Jones Industrial Average as the tide. Individual companies like SoFi are the boats. A rising tide lifts all boats, and a falling tide lowers them. Until the Nasdaq reverses its downtrend, bullish trades on SOFI stock have low odds of sustained follow-through.Money Losers are ShunnedIf you survey the stocks that have been beaten down the most in recent months, you’ll discover they have common characteristics. They are recent initial public offerings (IPOs) or SPACs, and mostly growth-oriented momentum stocks. They were trading at lofty valuation at their peaks, leaving plenty of room for them to pull back. Many were losing money and trading off the hopes of future profitability.Essentially every one of these descriptions applies to SoFi.In a zero-interest-rate world where inflation concerns are minimal, these types of companies can thrive. But that’s not the world we live in anymore.With inflation running at multi-decade highs and over half a dozen rate hikes already priced in, money today is worth more than money tomorrow. Investors have adapted by shunning the companies they just recently loved. Every characteristic above is now a liability. And that hasn’t bode well for SoFi Technologies.As a newer public company still in its infant stage, it lacks the institutional backing and history that larger companies can fall back on. That makes it an easier ticker to abandon when investors de-risk their portfolios.SoFi Stock Chart is TerribleIf we cut to the heart of the matter, SoFi’s stock chart broadcasts a bearish message loud and clear. Allow me to break it down. The price trend is down on every time frame. The 200-day, 50-day, and 20-day simple moving averages are sinking fast. Distribution days have multiplied, and sellers are quick to snuff out the rally any time we get signs of accumulation.The stock is bumping along at all-time lows, bringing all sorts of bearish implications. At one point yesterday, not a single soul on the planet who purchased after the IPO sat in a winning position. Not one. The urge to stop the pain or exit at less of a loss creates a mountain of overhead pressure that threatens to thwart any recovery attempt.Even if you love everything that SoFi Technologies represents about the future of fintech, there’s no real evidence that backs a decision to buy here. If there’s anything this bear market has taught and re-taught us, it’s that prices can go a lot lower than you think before hitting the bottom.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9032537896,"gmtCreate":1647396712423,"gmtModify":1676534224938,"author":{"id":"3579758808989513","authorId":"3579758808989513","name":"ACCY","avatar":"https://static.tigerbbs.com/a44626552831eb06aa01cf85dcaf7422","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3579758808989513","idStr":"3579758808989513"},"htmlText":"What do you all think? 🤔&nbsp;","listText":"What do you all think? 🤔&nbsp;","text":"What do you all think? 🤔","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9032537896","repostId":1148387409,"repostType":2,"repost":{"id":"1148387409","kind":"news","pubTimestamp":1647396013,"share":"https://ttm.financial/m/news/1148387409?lang=&edition=fundamental","pubTime":"2022-03-16 10:00","market":"us","language":"en","title":"3 Reasons to Steer Clear of SoFi’s Sinking Ship","url":"https://stock-news.laohu8.com/highlight/detail?id=1148387409","media":"investorplace","summary":"The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks sin","content":"<html><head></head><body><p>The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks since, it’s tumbled to $8 for a roughly -40% thrashing. Such a move in a year would be terrible. We just saw it in nine trading days. And now, SOFI stock is in the single digits for the first time since going public following its merger with a special purpose acquisition company (SPAC) in 2020. Until we see signs of a turnaround, this is a stock to avoid for a few reasons.</p><p>First, we’re in a bear market, and that’s a terrible backdrop for bullish trades in general.</p><p>Second, SoFi Technologies is the type of company that is entirely out of favor right now.</p><p>Third, even if we ignore those other reasons, the chart looks terrible.</p><p>Let’s take a brief look at each of these critical considerations.</p><h2>The Market Tide</h2><p>SoFi stock has staged some stellar rallies over the past year, but none have come in the past five months. This is not a coincidence. The Nasdaq peaked in November and has been pretty much sinking ever since. With this week’s whack, the index officially entered bear country by falling 20% from its highs. But if you look underneath the surface at the more speculative names, it’s way worse.</p><p>Think of market indexes like the S&amp;P 500, Nasdaq, and Dow Jones Industrial Average as the tide. Individual companies like SoFi are the boats. A rising tide lifts all boats, and a falling tide lowers them. Until the Nasdaq reverses its downtrend, bullish trades on SOFI stock have low odds of sustained follow-through.</p><h2>Money Losers are Shunned</h2><p>If you survey the stocks that have been beaten down the most in recent months, you’ll discover they have common characteristics. They are recent initial public offerings (IPOs) or SPACs, and mostly growth-oriented momentum stocks. They were trading at lofty valuation at their peaks, leaving plenty of room for them to pull back. Many were losing money and trading off the hopes of future profitability.</p><p>Essentially every one of these descriptions applies to SoFi.</p><p>In a zero-interest-rate world where inflation concerns are minimal, these types of companies can thrive. But that’s not the world we live in anymore.</p><p>With inflation running at multi-decade highs and over half a dozen rate hikes already priced in, money today is worth more than money tomorrow. Investors have adapted by shunning the companies they just recently loved. Every characteristic above is now a liability. And that hasn’t bode well for SoFi Technologies.</p><p>As a newer public company still in its infant stage, it lacks the institutional backing and history that larger companies can fall back on. That makes it an easier ticker to abandon when investors de-risk their portfolios.</p><h2>SoFi Stock Chart is Terrible</h2><h2><img src=\"https://static.tigerbbs.com/bbed7a6ca991b4576916bc816224563b\" tg-width=\"1851\" tg-height=\"868\" width=\"100%\" height=\"auto\"/></h2><p>If we cut to the heart of the matter, SoFi’s stock chart broadcasts a bearish message loud and clear. Allow me to break it down. The price trend is down on every time frame. The 200-day, 50-day, and 20-day simple moving averages are sinking fast. Distribution days have multiplied, and sellers are quick to snuff out the rally any time we get signs of accumulation.</p><p>The stock is bumping along at all-time lows, bringing all sorts of bearish implications. At one point yesterday, not a single soul on the planet who purchased after the IPO sat in a winning position. Not one. The urge to stop the pain or exit at less of a loss creates a mountain of overhead pressure that threatens to thwart any recovery attempt.</p><p>Even if you love everything that SoFi Technologies represents about the future of fintech, there’s no real evidence that backs a decision to buy here. If there’s anything this bear market has taught and re-taught us, it’s that prices can go a lot lower than you think before hitting the bottom.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Reasons to Steer Clear of SoFi’s Sinking Ship</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Reasons to Steer Clear of SoFi’s Sinking Ship\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-16 10:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/03/steer-clear-of-sofi-stock-sinking-ship/><strong>investorplace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks since, it’s tumbled to $8 for a roughly -40% thrashing. Such a move in a year would be terrible. We ...</p>\n\n<a href=\"https://investorplace.com/2022/03/steer-clear-of-sofi-stock-sinking-ship/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SOFI":"SoFi Technologies Inc."},"source_url":"https://investorplace.com/2022/03/steer-clear-of-sofi-stock-sinking-ship/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148387409","content_text":"The day after earnings, SoFi Technologies (NASDAQ:SOFI) opened just shy of $13. In the two weeks since, it’s tumbled to $8 for a roughly -40% thrashing. Such a move in a year would be terrible. We just saw it in nine trading days. And now, SOFI stock is in the single digits for the first time since going public following its merger with a special purpose acquisition company (SPAC) in 2020. Until we see signs of a turnaround, this is a stock to avoid for a few reasons.First, we’re in a bear market, and that’s a terrible backdrop for bullish trades in general.Second, SoFi Technologies is the type of company that is entirely out of favor right now.Third, even if we ignore those other reasons, the chart looks terrible.Let’s take a brief look at each of these critical considerations.The Market TideSoFi stock has staged some stellar rallies over the past year, but none have come in the past five months. This is not a coincidence. The Nasdaq peaked in November and has been pretty much sinking ever since. With this week’s whack, the index officially entered bear country by falling 20% from its highs. But if you look underneath the surface at the more speculative names, it’s way worse.Think of market indexes like the S&P 500, Nasdaq, and Dow Jones Industrial Average as the tide. Individual companies like SoFi are the boats. A rising tide lifts all boats, and a falling tide lowers them. Until the Nasdaq reverses its downtrend, bullish trades on SOFI stock have low odds of sustained follow-through.Money Losers are ShunnedIf you survey the stocks that have been beaten down the most in recent months, you’ll discover they have common characteristics. They are recent initial public offerings (IPOs) or SPACs, and mostly growth-oriented momentum stocks. They were trading at lofty valuation at their peaks, leaving plenty of room for them to pull back. Many were losing money and trading off the hopes of future profitability.Essentially every one of these descriptions applies to SoFi.In a zero-interest-rate world where inflation concerns are minimal, these types of companies can thrive. But that’s not the world we live in anymore.With inflation running at multi-decade highs and over half a dozen rate hikes already priced in, money today is worth more than money tomorrow. Investors have adapted by shunning the companies they just recently loved. Every characteristic above is now a liability. And that hasn’t bode well for SoFi Technologies.As a newer public company still in its infant stage, it lacks the institutional backing and history that larger companies can fall back on. That makes it an easier ticker to abandon when investors de-risk their portfolios.SoFi Stock Chart is TerribleIf we cut to the heart of the matter, SoFi’s stock chart broadcasts a bearish message loud and clear. Allow me to break it down. The price trend is down on every time frame. The 200-day, 50-day, and 20-day simple moving averages are sinking fast. Distribution days have multiplied, and sellers are quick to snuff out the rally any time we get signs of accumulation.The stock is bumping along at all-time lows, bringing all sorts of bearish implications. At one point yesterday, not a single soul on the planet who purchased after the IPO sat in a winning position. Not one. The urge to stop the pain or exit at less of a loss creates a mountain of overhead pressure that threatens to thwart any recovery attempt.Even if you love everything that SoFi Technologies represents about the future of fintech, there’s no real evidence that backs a decision to buy here. If there’s anything this bear market has taught and re-taught us, it’s that prices can go a lot lower than you think before hitting the bottom.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":111,"commentSize":19,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}