Back in July, I’m sure a lot of SOFI fans (an organization which has sent me, personally, about 500 pieces of US Postal Service junk mail about refinancing) were high-fiving about the salvation of their fallen angel.
![](https://slopeofhope.com/wp-content/uploads/2023/10/slopechart_SOFI-640x345.jpg)
Fast forward to the present………..
![](https://slopeofhope.com/wp-content/uploads/2023/10/slopechart_SOFI-1-640x345.jpg)
Proving my oft-repeated point: in a BEAR market, buying stocks, even with classically bullish patterns, is loaded with risk.