Palantir $PLTR and $SOFI have freakishly similar charts, as well as some similar fundamental catalysts.
1. They both hit their all time highs roughly 840 days ago.
2. They both dropped between 84.5-87% from their all time highs.
3. The RSI and MACD's, for both charts, are… twitter.com/i/web/status/1…
The next thing to look at is the specific technical setup for $SOFI, then we'll talk about my options play and what kind of returns could be yielded by my purchase on Friday.
First off, we're up almost 6% today because of the recent Student loan deferment news, which will… twitter.com/i/web/status/1…
How much $SOFI did I buy on Friday?
1,600 contracts of January 2025 calls @ a strike of $15.00, for $64,229.00 base cost. NOTE - This method isn't for everyone, and it's already starting to see gains, but I think someone getting in today early, could still get a good price.
As you can see from the attached options calculator, loaded with the above $SOFI contract. I'm expecting gains of $200,000-$500,000 in the coming weeks/months, as the stock climbs to $9 to $14.00, as my thesis holds.
Here's the calculator I like to use -->… twitter.com/i/web/status/1…
Why am I bullish on $SOFI? Because while they've been hit with bank failure narratives, student loans being deferred for years, and more, they continue to grow deposits.
I think this chart was from @DataDInvesting? Got it off a Youtube video from @Futurenvesting, I believe.
As deposits have grown $SOFI has also seen member growth.
Why is member and deposit growth interesting? Because $SOFI has an extensive product line, and has proven to have a sticky customer base. One has to remember that people don't switch banks a lot in their lives, unless they have too.
Oh and the reason I love the growth in customers, is because a large majority of the news members are young. :)
@Futurenvesting - Do you have the stat on this one? Couldn't find it in my screen shots?
@Futurenvesting Oh and the amount of deposits per member is growing every quarter. :)
@Futurenvesting What about banking risks? Here's the interesting part. These guys don't give loans to people with 820+ credit scores if the stars don't like up just the way their ALGO wants. I've never seen such tight lending standards. For instance, @KrisPatel99 said he didn't get one (I… twitter.com/i/web/status/1…
As stated before, the recent #Debtceiling extension has been VERY beneficial for $SOFI. I believe @Futurenvesting mentioned something about $100-200 million in additional revenue per year based on historical trends before the deferment.
NOTE - The student loan deferments won't… twitter.com/i/web/status/1…
@Futurenvesting To wrap up, this company has a similar technical setup to $PLTR, and at the same time it HASN'T run yet. Profitability appears to be coming VERY SOON. It's been beat up for 2.5 years, despite growth across multiple fundamental values, and is talking about being profitable before… twitter.com/i/web/status/1…
Congrats to all of the $SOFI holders that are up 30% since I posted this a few days ago. :)
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