That is why when Redzone posts that RENN is about to short squeeze because it is 80% of float short or 100% (depending on how much crack the pumper smoked) I just laugh because Renn is such a pos naked shorted to death stock.
You saw the volume the other day almost 20 million shares for a twenty cent move when this is the most hyped Renn has been since it started trading. When it first started trading it was more volatile and had realistic moves instead of a little manipulation here and there to sell bagholder tickets. Go look at the first year charts on SINA RENN DANG BIDU YHOO GOOG and look how they move now. Only goog and bidu and aapl still trade fair because they get too much press and that makes the crooks afraid to naked short them to Fail to deliver on purpose from the start. Not the case with RENN because they have no intention of ever letting it run and they got the China exuse to fall back on about why it never really got off the ground before shorted out of existence or till it simply does not matter it is listed because the buying force it would take move this pos just proves the time to buy wall street scams is only in the 1st 3 to 6 months of trading then they are done and far too risky for the honest retail long or short trader.
Mark this post, the next 2 weeks will be awful for you pumper longs.