$SOFI the bank charter may give a nice pump but you know what provides more sustained stock price movement. Consistent quarter after quarter and year after year results. You want to know SQ stock price a year ago vs today +3.77%. They we approved for their bank charter in March of this year. Their results have been “meh”. Most growth off the backs of crypto revenue which has been hit or miss too and low margin . We know $SOFI will get results. I do expect this to eventually find support (the FUD is not helping the share price), but a bank charter isn’t bringing this back to $23-24/sh. We are going through a rotation where the market is moving away from high p/s and p/e companies. Long hold this one homies. We know the results are gonna come. Investors will want back in.
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