So let us know-- you seem to not want to answer. One thing I do not respect at all is making silly comments that scare children and letting them hide in the PAGES OF ET and then if God forbid there is a bank failure or some other Black Swan event and then you can say see I was right>! So we must have your prediction. What do you think about the ZIG-ZAG theory? Did you see the post about August's action. I mean common' you have to admire that. You caNnot get more zig-zag then up one day down thenext. So as ugly as today looks if we finish UP it's 2 ZIGS without a ZAG and I thiNk that could lead to something very good here the next 2 weeks... But then watch out! WHO LIKES SOFI-?
"One thing I do not respect at all is making silly comments that scare children and letting them hide in the PAGES OF ET and then if God forbid there is a bank failure or some other Black Swan event and then you can say see I was right>! So we must have your prediction." you can't even give me a number for today's QQQ. YOU CAN'T EVEN GIVE ME AN UPPER OR LOWER RANGE... LET ALONE THE CLOSE. AND THE READERS ARE SUPPOSED TO BELIEVE YOU KNOW WHAT YOU'RE DOING?!!
THIS GUY DANA SEEMS LIKE A STRAIGHT SHOOTER- Yes. I hear you. I told you to buy SoFi Technologies(NASDAQ:SOFI) stock; you bought SoFi Technologies; SoFi delivered what analysts called excellent earnings;we cheered. Since then, SOFI stock is down 18%. Shares that cost $10 when earnings came out will sell for just $8.17 when the bell goes off August 21. I’d be mad too. But I’d also try to learn the difference between investing and speculation. I think the earnings ratified the climate for SoFi’s business model. Short term moves since are weather. SoFi Stock Headwinds The biggest problem is risks to SoFi’s crypto business.<-- I DID NOT KNOW THIS! I don’t like crypto. I was curious about it in the last decade. Then I saw what it was about, and I have since advised people against it. It’s “money” protected only by faith in a greater fool and the credit of a few tech-bros. We don’t need to get into that right now. Some people plainly like it. The problem is the government is creating a“Novel Activities Supervision Program,”subjecting banks dealing with crypto to new scrutiny. In SoFi’s 8-K report, management says it may be “forced to cease trading in certain types of assets.” It simply has no assurance it can meet the government’s new standards. Then there is the student loan business. SoFi began as a student loan refinancer, and the moratorium on repayments is ending. But this may not be the huge opportunity SoFi thinks it is, at least according toJPMorgan Chase(NYSE:JPM) analyst Reginald Smith.<-- ON TARGET!!!! SoFi thinks the student loan market should be a $200 billion opportunity over the next few years. Smith figures it at closer to $90 billion. Only 2% of student loans in 2019 were refinanced. “In most instances, borrowers are better off keeping their existing federal loan and/or applying for an income-based repayment plan,” Jones writes. I think he’s right. ME TOO!!! SoFi Tailwinds SoFi came to market through a Special Purpose Acquisition Company (SPAC). Most SPACs were garbage. SoFi was the exception. SoFi, as I noted then, is doing both wholesale and retail business. The wholesale business is Galileo, whose Application Program Interfaces let banks plug-in SoFi’s capabilities to existing systems. Combine this with Technisys, the banking software company it acquired, and SoFi aims to become the “AWS of fintechs.” Just as Amazon.Com’s(NASDAQ:AMZN) AWS unit hopes to run everyone else’s Artificial Intelligence (AI) system through its software tools and cloud, SoFi aims to run fintech’s move toward banking through its software stack. Then there’s the banking business. SoFi is attracting deposits with interest as high as 4.5% on savings. It hopes to make money on this money by charging interest rates starting at 9% on loans, going to over 20% based on the length of the loan and the borrower’s credit. Some analysts see this as a risky business. I see it as banking business. Revenue is growing at 37% per year. Take out SoFi’s non-cash costs, leaving Earnings Before Income Taxes, Depreciation and Amortization, SoFi already has margins of 16%, more than double those of a year ago. The Bottom Line The COVID pandemic, and the recent banking crisis, both put off the coming “golden age” of banking. But once interest rates ease, and they will, banks like SoFi will be in a very good place. I also think the government moves against crypto will help SoFi, not hurt it. If SoFi isn’t taking huge deposits from crypto bros, it doesn’t carry the risks of a ‘run’ like the one that took out Signature Bank. SoFi’s target of young, sophisticated savers is precisely right for the rest of this decade, as millennials age into their money and Generation Z enters the workforce. There has been some rain on the parade, but I’m sticking around.<-- ADMIRE THIS!!! As of this writing, Dana Blankenhorn held LONG positions in SOFI and AMZN. Dana Blankenhorn has been a financial and technology journalist since 1978. He is the author of Technology’s Big Bang: Yesterday, Today and Tomorrow with Moore’s Law,
$366.50 ON THE q'S WHAT'S TODAYS HIGH? WHERE'S YOUR GREAT MARKET INTUITION/ YOUR GREAT CHART READING ABILITY? COME ON STONEY, I WANNA MAKE SOME MONEY
USING BOLLINGER BANDS WHICH I LIKE TO DO ALOT. YOUR DOWNSIDE HERE IS $7.40 AND YOUR UPSIDE IS $10.20. I DON'T SEE MAC D TURNING UP YERT BUT CERTAINLY RISK REWARD-- YOU WOULD OF LIKED THIS BEST AT $5 WHEN WE FIRST NAILED THE MOVE! BUT NOW THAT WE ARE ON THE SIDELINES WE MUST ADMIT THE RISK/REWARD IS VERY GOOD FOR SOFI. $8.30 NOW // I DON'T USE STOPS BUT $7.30 STOP? NOT MUCH OF A RISK FOR A $10 STOCK WHICH IT IS.
WHO CARES!!! BUY 1000 SHARES FOR $8350 HOW MUCH DO YOU WANT TO MAKE AND OVER WHAT TIME-FRAME? IF IT GOES TO $10, YOU MAKE $1700 GIVE ME TODAY'S HIGH ON THE QQQ, OR TODAYS LOW... ARE YOU A TRADER OR A GRANNY?
Why are you ignoring my questions? Are you scared? You can't even give a guestimate on today's Nasdaq? WTF???!!!!!
SOFI LOL iT'S ONLY THE MOST PLAYED MEME STOCK, OR IN THE TOP 5 LOL.... QUIT WASTING OUR TIME! No one is gonna tie up $9000 for a month to make or lose $800. I WANT TODAY'S QQQ RANGE!
SORRY I'M JUST POSTING NOT READING.-- YOU WANT TO MAKE MONEY ON WHAT? I DON'T GET IT. A BET ON THE CLOSE. LIKE FANDUEL OR SOMETHING? WHAT I SUGGEST TO ALL NEWCOMERS IS GO OFF YOUR WEEKLIES IT SMOOTHS OUT THE PROCESS.
---->NO ANSWER. I GIVE UP. All your bravado about timing and how smart you are... how you're pushing millions over 7 accounts ... I'm starting to see what others here have seen for years. Your trades are all bs.