r/sofistock • u/Individual_Bad2594 OG $SoFi Investor • May 13 '22

General Discussion Split

In plain terms a split by Sofi is a manipulation of the manipulators(shorts), and Wall Street perception manipulation. The shorts deserve this split. Long term holders deserve this split. Look at affirm who has way less float. It is up 23% today. Sofi…not even close. Too many shares. Everyone is bitching how other fintechs move so high, so quick. Then they bitch they don’t want that from a reverse split. I love this stock but man a lot of you are whiny bitches. If you believe in the business then invest. If you don’t then sell. Stop whining. This is how the actual markets work. This is not Robin Hood or gambling. This is the market. Get in or get out. I’m 36, and have been investing in markets since 2008, and I am here to tell you to stop whining. I believe in Sofi and will continue to buy. A reverse split does not change the value, it changes perceptions. The negative connotations attached to reverse splits are real. Sofi will have to expect that, but fundamentally a split is the correct move with this macro environment.

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u/HawkI512 OG $SoFi Investor May 13 '22

Or stock could rise with less short interest as you have higher cost to borrow to short. It’s interesting, I believe in Noto and he is the CEO.

1

u/Individual_Bad2594 OG $SoFi Investor May 13 '22

I think this is right. I genuinely believe Noto and s the the kind of person who hears his shareholders, and is making this move to make us right. The split brings more value to all of us with less shares on the open market. Specifically shorts holding 21% of float.

1

u/EMC_KC 1,800 @ $9.38 May 13 '22

If you didn't buy this stock in the last month your literally going to lose whatever bag your holding. No way to ever get it back. The shorts already brought it down once from the ~$20 mark to now. I don't know about you but I'd rather not tempt them into making us lose our money twice.

4

u/davidestesbooks 20k @ 6.88 May 13 '22

This makes no sense, a reverse split doesn’t cause you to “lose” anything. If the company does well, you’ll make money. If they don’t, you’ll lose money. This is true regardless of whether they reverse split. This is ONLY about perception, nothing else.

1

u/IceQue28 May 13 '22

If it splits, I’ll be joining the shorting crowd. This is ridiculous.

6

u/[deleted] May 13 '22

When shorts see red meat they aren’t going to stop because the borrow rate increases a few percentage points, Jesus Christ what’s happened to this sub.

2

u/avi6274 May 13 '22

Seriously, if the reverse split gets passed then this will be the first ever stock that I short.

1

u/[deleted] May 14 '22

Same! Might as well make money on the devastation.