SoFi's improving fundamentals and lagging share price form a long base, supporting a bull thesis for future upside.
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Now, the next arrow is Sophie. Sophie is already one of my biggest investments in my personal portfolio, and today I bought more of its shares.
As you can see, SoFi stock has been fluctuating up and down in the same price range for the past six months, and I personally prefer stocks that form a long price base. The longer this base, the greater the likelihood of the stock price rising and becoming stronger in the future.
SoFi is performing exceptionally well, with the company's fundamentals improving and customer lifetime value (LTV) growing. The only thing that is lagging is the share price.
Okay, let's move on to the next stock, which is SoFi stock. Some people might laugh at me when it comes to SoFi, but I make money from it. I tell you , this arrow that does not move, but moves sideways, is just a base, and the longer this base is, the greater the chances of launching from it, understood?
So, this rule is essentially a horizontal rule, and that's perfectly fine , because I'm not sitting idly by . I collect a premium by selling options.
I now feel that SoFi stock cannot go any lower. Just look at the technical analysis here. It has seen a huge jump from the $15 level to $15.30 in late July. Now, we are at the same levels, and there is a huge discrepancy between the company's performance and what is actually happening in the stock market.
The company's performance is very strong in terms of fundamentals. The company's underlying performance continues to improve, but the share price has not reflected this performance.
In other words, you cannot notice any change in the stock price. Some may think it is a bad stock, but it is overvalued .
Also, there is little talk about SoFi on social media these days, which I like, because people have forgotten about this stock. I think when you look ahead to the next six or twelve months, don't be surprised when I start talking on YouTube about how this stock's price is going to rise.
This stock clearly represents a large part of my investment portfolio, and I am very optimistic about it based on the company's fundamentals, specifically its ability to acquire new customers.
This is the most important thing for any company. If the company can acquire and retain customers, and 51% of current customers conduct more transactions with SoFi—that is, they are more likely to use its products after entering the sales funnel—then mark my words, SoFi will be a huge success.
So, right now, at $15.77 per share, I'm very interested in selling put options and buying more shares, and I think I explained in a recent video on this YouTube channel how I was selling a put option at $16, which is actually profitable.
Therefore, I have no objection to entering a profit-making mode.
What this channel has said about $SOFI
Invest with Henry has 6 calls on this stock; only the adjacent ones are shown.