Can't wait till NYX management implicated over RENN
nyx management were guilty by association and not doing the right thing when it comes to RENN stock and other China stocks trading in the past on the NYSE showing a pattern of illegal deception imho
Don't buy NYX stock, you are helping a criminal enterprise, same as if you bought GS and they almost brought down the entire house of cards.
It is all true what you wrote but also nobody wants this chit, especially not before earnings when the renn ceo said no profit for a year.
The longs will not sell because 90% have lost so much they would rather ride it to zero at this point, they know they got manipulated, and cheeated by the lead market makers cutting side deals to make no demand with the other market makers and hedge funds. Also on the street, everybody knows how to spot a Goldman fix and does not fight it, they wait for it to be over, then pile in, they accept ahead of time that they cannot catch that bottom 10 or 15% sweet spot, that is reserved for Goldman and anybody on Goldmans kickback payroll.
Finally calls at 5 or 10 cents still are not a deal when no matter how many they sell to suckers they will eventually expire worthless. Renn is so manipulated and the retail long cheated daily that even if Chen were to do something that would burn the shorts and catch the market maker off guard for a huge short squeeze pop and daytrader buying, they would just cheat and halt the stock and claim an imbalance they have to fix before trading can go on.
It is sad because on nasdaq yes RENN would be 30 a share, I wish RENN would call and demand that he wants to change exchanges. That would also make NYX look even more worthless then it already is. No China stock has ever made a major run up on the NYSE, that is because Goldman and NYX have a deal to sell fake shares that don't exist and cheat the little guy.
Please whistleblowers, leak the proof we know exists as it pertains to RENN stock trading and selling of fake shares by GOLDMAN and the NYSE. Download TOR browser and leak it with no way for it to trace back to you, they have a whistleblower and technology leaks sections on hidden wiki onion using the TOR network!
Those that stare at the proof daily, what if you were just a retail sheep trying to trade and make money and the game was rigged against you? Do the right thing please!!