Boiler Room: The Official Stock Market Discussion

old pig

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We made it. SoFi ringing the bell today.

Been a long road just to get to this name change. Probably gonna be a longer road to get to a crazy insane valuation.


granted cathy doesn’t move the needle as much as she did last year/earlier this year but I’m still curious to see if ARK will start picking some up today
 

Slim

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so are people still holding SOFI or jumping ship?
I sold 50% of my shares today.

I hold no position but I assume it's based on why you bought it:

If it was just to flip/ride as part of the SPAC cycle (announcement, deal close, merger, etc. ) then you probably exit soon.

If you think SoFi is the next big FinTech/Banking disruptor then you probably hold longer term.
 

JetFueledThoughts

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so are people still holding SOFI or jumping ship?
I sold 50% of my shares today.

I might sell 20% of mine if it stays around $22 today, I’ll take a 30% gain on that slice and reinvest it somewhere else.

But I’ll prob end up buying back in on whatever portion I sell this week. I’m a legit believer in them as a company and think they’ll absolutely be the next fintech disruptor. But also the cycle of SPACs lately make me think this will fall back to 17-18 at some point.
 
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