Headlines could be bad for RENN .. Press releases may say "RENN swings back to losses in Q1 from profits in Q4". Mind you, RENN has only a GAPP profit in Q4 and not operating profits due to eLong investment gains.
RENN is expected to make losses. The real thing to watch is how they did on revenues!!. That's key ..top line and losses are expected in 2012
Lets put it this way all China stocks, Yes Inluding big bad wolf "BIDU" , have all been guiding lower for Q2. If BIDU guided lower for Q2 what on earth makes you think RENN will guide higher??? Common sense!
Come on who you kidding? Every China play has been killed and complaining of slowing ad sales and loss of users. If you are not aware, China is cracking down and prosecuting people that speak out against the government. You really think people want to be on a real name network where they are easily identified?