$SoFi Technologies (SOFI.US)$ if you own this I would tell y...
$SoFi Technologies(SOFI.US$ if you own this I would tell you in here don't sell it they had a great quarter number one number two chairman Powell said back earlier this year they do not have to wait for a Fed meeting to take action and if you don't believe me I encourage you to do a search and you will see him saying that himself earlier this year I think my opinion this coming week the fed's going to cut interest rates because you had unemployment go to 4.3 they were looking for 4.1
so you have less employers hiring you have layoffs starting so unemployment is up. If the Fed cuts a quarter this week this stock will be right back up knocking on eight bucks if not more so I would not sell it and here at 6.80 I think it's foolish I'm getting put a lot of stock today at 7.00 and I'm fine with it.
I think you're patients in this company will pay off for the same reason I've been a buyer and owner of rocket mortgage you can go read my commentary on rocket
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35+ yrs in the trenches, raised tens of millions for start ups, syndicate ipo's, yrs on trading desk mkt maker.
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104238715 : sounds hopeful. I am with u till next week
10baggerbamm OP 104238715 : this company has had two very good quarters if you listen to the CEO what their objective was this year they're achieving it ahead of pace you don't sell companies like this it's not going to zero it may go down 25 cents from here so fucking what because when calmer heads prevail and rates do get cut over the next 12 months this stock's going to be 10-11 you can print out what I'm saying stick it to your mirror because it's going to happen sure as shit
104238715 10baggerbamm OP : except if there is no recession. otherwise sofi will get hit too
10baggerbamm OP 104238715 : well you have my thoughts if yours differ that's your choice if you want to sell it you can sell it
104238715 10baggerbamm OP : well I have your thoughts but do you agree that sofi will be dragged down in a recession? if fed reacts now, it may avert that course and so I will be waiting till next week.
10baggerbamm OP 104238715 : I don't necessarily think so I think it's already been marked down if you look at the diversification of their business and you listen to the CEO he says we got away from risky loans so in a recession is where people would be more inclined to default so if they anticipated their risky loans are not an area that we want to get into and we want to reduce that as a percentage of our business then I think they're already set up for success if we were to go into a recession you need to really go back and listen to the CEO he's a very very sharp guy I know the stock has been sucking hind tit to put it mildly it had a couple you know short-term spikes but the business plan is executing very very well and that's the most important thing
104238715 10baggerbamm OP : fair point about the CEO. I just hope they will be able to continue growing in recession if they execute the plan well.
10baggerbamm OP 104238715 : this is where you need to do your homework on the CEO you need to listen to his interviews I said it before when you invest in a stock You're building A team you're the captain and the stocks are your players so if you ever got involved with say Fanny fantasy football which I know shit about nothing but I'm sure people here do you're picking the best to build your team well when you invest in stocks you got to build your team with the best leaders that's what you need to do and that's how you need to consider when you invest so you need to do your due diligence and have 10 20 companies where you really like the CEO and if the stocks get to a certain price point you buy it with no bad news you know the market sells it off that type of thing you buy it there's not a damn thing wrong with this company it's shorted yeah everybody knows what's going on but the damn thing it's been to 11 bucks before and I'm telling you when powell cuts this fucker is off to the races
BpFam 10baggerbamm OP : The king of run on sentences
I like you, my guy. Very encouraging.