You will have a ton of new friends turn enemies when POS renn goes to 4.
Do yourself a favor and hand out detailed reports showing that china stocks are 10 times more likely to attract massive naked shorting on a grand scale, and that some china stocks went Bankrupt quickly but 80% suckered in many longs before going BK, also china stocks, the calls expire worthless sometimes 10-20 months in a row.
That does not even happen in pos regular stocks such as yhoo that never moves.
RENN goes to zero overnight if facebook gets permission to take over China which the new boss might allow after elections.
That makes this stock extremely risky. Why is the short interest here so high? And how come if they cover for a few days, or a week or two at the most they always come back and short again.
Far too much hype and retail longs in these china scams, and they are the definition of weak holders.
Sell in May and go away combined with the markets at the top and about to start one heck of a correction are about to teach the pumpers and dreamers a serious history lesson.
You have bad news now. even more everyday, but you have elections and then tax cuts expiring end of year and our elections. You will get wiped out if on Margin.
At the very least, you can sell and buy back much cheaper as RENN tests its 52 week low, or short and make money in the meantime.