$SoFi Technologies Inc.(SOFI)$Relooking into this stock again. The entire market is up but it is still flat or at times slightly negative. What gives? Plus it has gone under $10, as observed based on the trend before the market turned bullish again last two days. If SOFI continues under $10, even after catalysts like the bank charter, etc. pay close attention and retest your analysis on this. It needs to prove the numbers to be able to line up with whatever growth thesis it has. The market looks very closely at how it will grow at the end of the day - you can acquire and acquire, have lots of good narratives, but what brings a buy-in from smart money and institutions - REVENUE GROWTH. And the market wants it big. How big? big enough to buy in and showcase that you indeed do have the potential to grow into that valuation.
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