Notice I post my buys/sells real time, not after it goes up/down. I sold Renn at $3.44 cause it wont go above 3.50 ish (too many call options sold to suckers), wont go below 3.00 cause RENN has too much cash. So I buy and sell in between with little risk.
Just picked up UGAZ at 14.22 bargain of the week .
I did pick the top of the decline by buying SDS, could have kept it but better to pocket profits.
I totally agree. I can almost guarantee they are most likely totally out of cash. No info ever and they probably lied about all of their investments. Bankrupt by Christmas.
This is one of the worst run company to ipo out of China. Buying this stock would just be plain stupid. Since ipo Renn has done nothing but go the wrong way. Now its losing users at a very fast rate. They have know shut down the there once big income producing game. There version of farmville. Renn is totally undoing everything they have done since ipo. With income dropping 70 percent, it is below income as of ipo day. Wechat and webio has totally taken renn user base and i dont belive renn can survive now. They state a huge cash postion but who really know. Their lack of direction is confirmed by their lack of news from this co. I shorted this stock a good while back in the 4s , i believe it can be a total wipe out. But a easy 2 dollar play. So plenty of short left in it .
You are right. But dn 28 crnt on todays high. But now renn fail to move the 50 day above 200.and renn form a head and shoulds over last month and failed to break to the up. And it fell back below moving lines. And it post a horrible top tail on candle. So u buy all u want there partner looks like alot of pain forming on chyt renn. Some news could help, but that will never happen. By the way over last month renn teduced cash by almost 100 million on investments that will bring 0 to renn income line. I bough on hopes the head and shoulders would break to the up on crossover, but i quickly got out mid morning. Hold thur report will cost people big time when they post a 17 million revenue quarter. 70 percent decline in income. Stock is worthless. Renn on market selloff drops way down. I care less right now, moving on for a while no postion.
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You better buy some pvct. Holding 50, news due in next few weeks. 40 to 100 percent move
Well i did buy some. Renn adv 50 day moved over it adv 200 at the close today. This will singnal comptires to start buying. Has nothing to do with the co. It should get a big move here. Ive made tons shorting but renn history shows it get big move ups on cross overs. Look to srll into volume of 8 million plus trade day. Then yes short the hell out of it.
I sold some RENN at 3.44 not expecting the stock to get past the glass ceiling of 3.50 where One million Four hundred thousand OCT CALL options sit. However, today I looked at the short interest on RENN - it DROPPED by almost 20% in 15 days! Short interest was about 8 Million July 1st, now its less than half that figure (3.8 million short).. Something is going on with this stock. Wouldn't that be something if GS/MS were buying the CALL options? this thing would totally explode within 15 days. Should have bought 8k shares this morning. RENN may come back down to my buy level of 3.30
Day in and day out they jrk each other, Clowns trying to play games this cheap?. You got your Short via retail from IPO investors, Time to reverse.
or maybe Tailey's???? or any other resident spew masters bashing a company with over a Billion in cash and Zero Debt??? trading at cash, hmmm. why would someone buy that much of a company headed to pink sheets according to our resident Spew masters???