why smart money is running for the doors

why smart money is running for the doors.............

a great bank will trade maybe at 3 times sales. this faux bank sofi is trading at 12 times sales with almost a billion shares outstanding. Sofi loses money and will not make any real money until they become a bank when they get their bank charter. at that point, they are an online bank period and should be valued as such.. it's not rocket science. anyone can go out and develop or purchase the apps need to sell into various market verticals.

so why is anyone going to get excited about sofi? i REALLY DON'T KNOW. I read through the post here and see lots of ignorance, lots of hope, and lots of people losing money because they don't have a clue what they are buying.

rule one, if insiders are selling en masse, get out of they way. they know more than YOU. if you don't think so then you are arrogant.

Rule 2, valuation matters. can someone on this board please tell me by what valuation parameter SOFI is cheap? Even when i factor in growth, the stock is not cheap. $SoFi Technologies Inc.(SOFI)$

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