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  • gruen7 gruen7 Jun 22, 2012 2:41 PM Flag

    FB of CHINA RENN is starting run

    You can get some or watch it leave without you!

    Namfong is right

    Bidu was trading just like this for a rear in a half then bam, unfortunate for any stubborn shorts it never looked back before taking off again and again. I made 80,000 in it but had I just kept selling and rolling my calls into the next month over and over again, I would have 58 million dollars give or take but I did not believe in the stock, the company or the potential enough.

    This stock RENN just happens to be doing everything right all while being in all the areas we want to be, need to be and should be in.

    #1 a videogame site
    #2 maker of cell phone videogames and pc games, windows 8 will really help RENN, they thrive in new technology areas as they have proven again and again
    #3 a youtube type site
    #4 an amazon type site
    #5 China facebook bread and butter but better and faster adapting technologywise, easier to get 10,000 people to do something and change focus and direction on a dime then say 50,000 like a Facebook

    #6 How many hedgefunds do you think are keeping quiet and adding daily or weekly?
    #7 Now imagine how many are positioned for the launch platform when they have had basically a year in a half to load!

    #8 How long till one or two hedge funds say to themselves, you know if we prop this up with a decent size pump, everyone will take notice because a China stock has never run way up on the NYSE ever yet, ever! They know that if they make RENN bigger, say a 4 or 5 billion marketcap, the followers will come along and take it to a 10 or 12 to 15 billion dollar marketcap and then it is taken seriously by all as Hedge Funds and Mutual Funds will buy it, Add in a couple short squeezes and we are really going.

    Now for the one poster who said the float is too big. I like a nice big float and it attracts the big daytraders. Also the calls and puts get crazy and have violent swings, Anyone that bought renn calls in the past at say 60cents and has seen them go to no bid or 5 cents bid, 10cents ask, knows how fast RENN can change on a dime.

    So many are now aware of RENN because of Facebook and know it has serious pump potential!

    The Wildcard is that a Giant like BIDU could say this company has too much to offer if you had to do the work from scratch and grab the over 200 million users and more everyday. I wonder if Bidu offered to buy it for a 12 or 15 billion dollar cap if Chen would even want to sell when he has such a head start over the competitors in CHINA! I have said and will say again, this is the most undervalued stock and company I have seen in over 15 years trading.

    This is the kinda stock once the big money bulls get going, the shorts will learn quick to get out of the way as most just have an idea but don't really know how good things can really get for RENN, really soon since so much accumulation time has passed, those calls get bought daily, on red days, and on green days, who keeps buying them and why?


    Sentiment : Strong Buy

    http://finance.yahoo.com/echarts?s=BIDU+Interactive#symbol=bidu;range=my;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;

    look at 2007 to 2008 for what Bidu did and Renn is about to do.

 
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