SOFI: Why It’s Felt “Too Good To Be True” Lately
Personal notes on a stock that keeps paying me — and why I think the trend still has legs.
In my personal opinion, SOFI has been “too good to be true” for me in the market lately. No matter what the day throws at it, it seems to find a way to make me money. Part of it is where I’m coming from: I switched away from an old-school community bank here in Topeka because it felt way behind. Fintech is the future, and SoFi fits that future.
What I’m seeing: SOFI has been climbing even after a big run, and it still looks ready to push higher. I don’t think the broader market is breaking down here — big tech strength helps, and the buyers who are stepping in now feel solid to me. The last time it was at these levels was around Sep 21 at about 1 p.m. by my notes, and now it’s already back. From what our small team of analysts has tracked trading SOFI day-to-day, the whole month of November sets up like a pressure cooker to the upside.
Bottom line: I’m leaning bullish for the near term and wouldn’t be surprised to see it punch through the recent highs and keep running. That’s my read based on price action and hands-on trading — yours might differ.
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