Very controversial, but I decided to completely exit my position in $SOFI . I had already taken profits when the stock had crossed $30 and now sold out of it completely. I feel the days of stock price showing exponential growth are over and here are my reasons: - Increasingly competitive fintech space which is eating away their margins. This was reflected in their increased revenue outlook but profit forecast not changing in the latest quarterly report. - Declining revenue from their Galileo software. Although it was attributed to loss of one big client, that shows major customer concentration risk and again shows how competitive the space has become. They could prove me wrong and go parabolic but am happy to take my profits and deploy in other compelling opportunities. ✌️✌️
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