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Dr-Dan
Jul 27, 2021 10:02 PM

Sofi Long

SoFi Technologies, Inc.NASDAQ

Description

I like it. I like it a lot. Mix in the bank charter news and the hype about the super bowl...would love to see this to 35 at the start of next year.

Comment

So far so good. Enjoy the end of the consolidation phase in the teens. I'm looking forward to the consolidation phase in the 20s once everyone starts talking about its 50$ price points, super bowl, bank charter, and rumors of being taken over by a company like Paypal.

Trade closed: target reached

Comments
Dr-Dan
I did not anticipate the sell off nonsense, but I think our consolidation period is following as expected. Great opportunities to increase position.
Dr-Dan
A lawyer from the company confirms that there is a lock-up period that has an ending period two days after earnings. Now that we have seen a run-up to earnings, I expect a small retracement as some employees and investors are going to be able to sell shares. I think we have established a floor on this run-up. I think it will be a slow rise after this period, and no big take-off like others are suggesting. Order books have lots of selling resistance at around 18$, so I've written some short-term covered calls. Good luck all.
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