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Renren Inc. Message Board

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  • ran.dog80 ran.dog80 Feb 16, 2012 10:55 AM Flag

    BEARS ARE TRAPPED

    mfel44, I'm not sure your theory is 100% correct. We are trading an average 10 mil. shares a day and there are plenty more if people chose to relinquish. I'm long 11k and many others out there are holding sizable amounts as well. The downgrade did not help anyone but shorts as it creates doubt in future prospects. Chen and DCM bought common shares months age from the $3 to $5 range. The math doesn't add up correctly if you retrace the purchases they "claimed" were made. The float is 47% short at 8.4mil. according to Scottrade, that can be covered quickly if necessary.

    Let's hope it is for LONGS sake! to much silence coming from management up to now. CC should be positive with Link. and FB knocking unless they were just fishing.

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