Recent comments in /f/wallstreetbets

StygaiAsshai t1_ja21o0f wrote

It's not ready yet.

Their customer service has been great for me. They just have a few things to iron out. They are adding things for invest too. I like the social aspect of it.

I'll buy back in under 6. If the next earnings is still going in the right direction then yes it's a good buy.

I use them to bank with and my main trading account is with them right now bc I can't affords commissions. I use TradingView for charts.

2

wampapoga t1_ja219xf wrote

literal carvana of fintech loan servicers. Worst part is OP has some good points but bad direction in terms of macro analysis. Google college & personal loan enrollment over the pandemic. Just because they are buying the name rights of stadiums doesn't make them a potential four bagger. Look at FTX and Florida. Best of luck op.

18

DYTTIGAF t1_ja2139i wrote

SoFi debt models (include FICO scores from customers) which will not allow most of their debt to be securitized. That is, sold off (meaning that they will have to warehouse alot of their products themselves). This is not what they want to do. It's not their business models.

It's the same problem Carvana has had over the last year. Resulting in a 90% drop in their stock price and taking them to the brink of bankruptcy.

You cannot run a "financial production" company with the cost of capital increasing by a factor of 5X in under 18 months.

The 30% decline in market value since the beginning of the year reflects this accurate price discovery by investors.

2

BitterAd6419 t1_ja1y31n wrote

The prices in the summer rise due to lower production than anything else. Countries want to load up for upcoming winter so demand is high and supply is low. That pushes the price up. I am long Boil calls but honestly it has failed to break eMA 9 on multiple occasions so unless it breaks that resistance and pushes toward SMA50, NG will remain in the bearish zone

2