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As of this writing, SoFi Technologies (SOFI) is down more than 34% for the year to date. So, the logic among the retail crowd is straightforward.
If you liked the fintech provider at $30, you should love it at $17. Indeed, various social media posts have expressed bewilderment that they’ll never understand people who were buyers of SOFI stock at a higher price but sellers at a lower price. However, this line of thinking — as intuitive as it may appear — mixes together different ontologies.
