Welcome to the RENN message board. We are so happy you have stopped buy to learning about RENN. Are you looking for a nice day-trade? a FB IPO play? or are you looking to go long? RENN is a fit for any trading strategy..except short.....being short in RENN is a very bad option at the moment.
Why you ask? Here are the top reasons:
1. RENN completed their lastest quarterly call on Monday. For the second quarter in a row, RENN has beaten the top lline and the bottom line targets. RENN has also confirmed it's 2012 full year guidance which includes a target for 55% growth year over year. This is faster growth then Facebook!
2. RENN is currently in the middle of a short squeeze with 80% of the current float (excluding long-term investors) short. Given the recent beat on earnings, and the imminent FB IPO these shorts are in a bad spot, and the chances for a sizable SHORT SQUEEZE going into the LARGEST SOCIAL MEDIA IPO are very high. This will make the short term price action very strong to the upside.
3. Are you looking for a speculative play? Well RENN has that too. RENN is constanty making new partnerships Including partnerships with MSFT, Angry Birds, and INTEL to name a few. They are also widely rumored to be a hot prospect for a Facebook partnership after the FB IPO. This is only a RUMOR!!
4. Looking for a long-term position? With 55% year over year growth and proven management team RENN is one of the top players in the fastest growing market in the world. CHINA!
5. Wiould you like a gaming play? RENN's gaming has iincreased by 90% year over year..
Welcome, we hope that you become a regular visitor on this board. Most of all, we hope you consider RENN as a investment. Long term or short term RENN has something for everyone....except the shorts that are about to be SQUEEZED...See you on the Board!!
You CRACKHEAD at least be honest, management studdering an all said" they were very cautious on the rest of 2012!
Sina is up a couple dollars on bad news, the shorts will short it back down to size just as they will this and D.U.N.G