WhatRUSaying

Say what ? Personal perspectives on the absurdities of the world.

[WhatRUSaying @ummwuttt]

$sofi profit taking is slowing down. Still 20% below IPO price years ago, and business has only increased since then. Still 30-50% undervalued. This one’s a no brainer.

[WhatRUSaying @ummwuttt]

@MasonNash63 Profit taking is slowing down .. FOMO is about to kick in. And still almost 20% below IPO price.

[Stokes Stocks @MauriceStokesJr]

$SOFI you're still early

[WhatRUSaying @ummwuttt]

@JoshS1017 Congrats on selling below IPO price.

[WhatRUSaying @ummwuttt]

@ApeStrong1122 Considering IPO price was $11 years ago during the student loan moratorium ? Umm…

[WhatRUSaying @ummwuttt]

@JasonAmareld IPO price was $11, years ago.. and their business has only increase since then $SOFI

[WhatRUSaying @ummwuttt]

@KrisPatel99 Overbought ? Lol. It’s still oversold, down almost 15% from IPO.

[WhatRUSaying @ummwuttt]

@rwkhenderson @beyerch @KyleWhiteGOAT Not too late. I doubled up at $10, the only thing killing this stock was the student loan situation. People forget $SOFI IPO’d at $11… id rather sell the shares I bought now at $15 than to sell my Long shares

[WhatRUSaying @ummwuttt]

@adamtaggart $Sofi

[Bill Ackman @BillAckman]

The gov’t has about 48 hours to fix a-soon-to-be-irreversible mistake. By allowing @SVB_Financial to fail without protecting all depositors, the world has woken up to what an uninsured deposit is — an unsecured illiquid claim on a failed bank. Absent @jpmorgan @citi or @BankofAmerica acquiring SVB before the open on Monday, a prospect I believe to be unlikely, or the gov’t guaranteeing all of SVB’s deposits, the giant sucking sound you will hear will be the withdrawal of substantially all uninsured deposits from all but the ‘systemically important banks’ (SIBs). These funds will be transferred to the SIBs, US Treasury (UST) money market funds and short-term UST. There is already pressure to transfer cash to short-term UST and UST money market accounts due to the substantially higher yields available on risk-free UST vs. bank deposits. These withdrawals will drain liquidity from community, regional and other banks and begin the destruction of these important institutions. The increased demand for short-term UST will drive short rates lower complicating the @federalreserve’s efforts to raise rates to slow the economy. Already thousands of the fastest growing, most innovative venture-backed companies in the U.S. will begin to fail to make payroll next week. Had the gov’t stepped in on Friday to guarantee SVB’s deposits (in exchange for penny warrants which would have wiped out the substantial majority of its equity value) this could have been avoided and SVB’s 40-year franchise value could have been preserved and transferred to a new owner in exchange for an equity injection. We would have been open to participating. This approach would have minimized the risk of any gov’t losses, and created the potential for substantial profits from the rescue. Instead, I think it is now unlikely any buyer will emerge to acquire the failed bank. The gov’t’s approach has guaranteed that more risk will be concentrated in the SIBs at the expense of other banks, which itself creates more systemic risk. For those who make the case that depositors be damned as it would create moral hazard to save them, consider the feasibility of a world where each depositor must do their own credit assessment of the bank they choose to bank with. I am a pretty sophisticated financial analyst and I find most banks to be a black box despite the 1,000s of pages of @SECGov filings available on each bank. SVB’s senior management made a basic mistake. They invested short-term deposits in longer-term, fixed-rate assets. Thereafter short-term rates went up and a bank run ensued. Senior management screwed up and they should lose their jobs. The @FDICgov and OCC also screwed up. It is their job to monitor our banking system for risk and SVB should have been high on their watch list with more than $200B of assets and $170B of deposits from business borrowers in effectively the same industry. The FDIC’s and OCC’s failure to do their jobs should not be allowed to cause the destruction of 1,000s of our nation’s highest potential and highest growth businesses (and the resulting losses of 10s of 1,000s of jobs for some of our most talented younger generation) while also permanently impairing our community and regional banks’ access to low-cost deposits. This administration is particularly opposed to concentrations of power. Ironically, its approach to SVB’s failure guarantees duopolistic banking risk concentration in a handful of SIBs. My back-of-the envelope review of SVB’s balance sheet suggests that even in a liquidation, depositors should eventually get back about 98% of their deposits, but eventually is too long when you have payroll to meet next week. So even without assigning any franchise value to SVB, the cost of a gov’t guarantee of SVB deposits would be minimal. On the other hand, the unintended consequences of the gov’t’s failure to guarantee SVB deposits are vast and profound and need to be considered and addressed before Monday. Otherwise, watch out below.

[WhatRUSaying @ummwuttt]

@moizali Something tells me your mind is made up about what you’ll buy. This is just a list of cars to show all the peasants out there what you could buy. Otherwise, you would research these cars or test drive…

[WhatRUSaying @ummwuttt]

@MarketWatch “Price Cut Wars.” Anyone that took what they could in 2022 were smart.

[WhatRUSaying @ummwuttt]

@MarketWatch They have a total population of 40 million. And as a result, realizes significantly less economic potential than it could.

[WhatRUSaying @ummwuttt]

@JayFay75 @SellinghomesAz @NewsLambert Ok then in Texas I suppose you’re going to need to give up 5% of your sale price. Or you can list under other list prices by up to the amount you’d pay an agent. Admittedly, I don’t / wouldn’t invest in Texas so not familiar.

[WhatRUSaying @ummwuttt]

@SellinghomesAz @NewsLambert I’m sure sellers can lower their prices without needing to pay someone else to do it.

[WhatRUSaying @ummwuttt]

@FrankfortReport This reminds me of 2008 in the US, where every exotic dancer owned 4 properties with zero down.

[WhatRUSaying @ummwuttt]

@jbartash @MarketWatch But you don’t buy after everything’s going well.

[WhatRUSaying @ummwuttt]

@dark_road_games @K3ebly @BrianBrackeen I get top dollar for my job title. Fully remote. The catch is if I move away from San Francisco. Then I take a paycut.