Rate Of Return【Day 10】Waiting for confirmation
#MyInvestmentDiary
Operation: Monitoring Sofi and continuing to add a little bit more
Reason: Sofi's short selling interest has spiked so much it went from trading at a premium to reasonable to cheap.
Insights: Last night's Muddy Waters supposed claim that Sofi has many misstatement of unrecorded debt sent the stock plummeting to $16 before Sofi's official reply that the report demonstrates a fundamental misunderstanding of financial statements and business. CEO Noto took actions speak louder than words seriously as he bought the dip - 2nd time in recent months.
@Bridge Buzz SG
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