FinX stock bottomed when everyone jumped ship
Right when FinX gives up on the stock and everyone jumps ship: that’s when it bottomed.
This is a really interesting case.
A lot of people who’d been following it for years jumped ship after a lot of bad news. In my opinion, the long-term thesis was still intact, with even a few green shoots.
It’s completely understandable that so many people jumped ship. But it’s a really interesting case study: how the stock goes up +50% right after most investors decide it’s “uninvestable”.
