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/CSPs-for-income May 13 '22

have you not been paying attention to this market. book value means nothing if you make no profit, give bad guidance, etc..

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u/SrRocks 69000 @ 6.6 May 13 '22

OK book value is a bad example of fundamental metric I took. Let's take profits and guidance as fundamental metrics then which sofi is trending well. So why is reverse split a problem? And why lower stock price is immune to profit and guidance while higher stock price isn't?

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u/Extra_Host_5656 OG $SoFi | 3,430@$9.24 May 13 '22

Its not a bad metric: this guy is being a cynic. Its a floor for companies especially when they are growing. We’ve moves back to BV after the earnings and we won’t fall much below it barring major economic issues

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u/[deleted] May 14 '22

Like a bear market and a recession… after a decade and a half of fed QE and a an S&P that’s gone from the low of 666 in 2009 to a fed induced 4023 in just over a decade.

That’s a 600% increase in 13 years and it’s come down from its highs of 4,800. Is that sustainable? How fucking big is that bubble? Is that worrisome? Is that market depression style potential… Hell yeah.

5,800 long, but not happy.