Renren Inc. Message Board
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Chen Selling...Possibly
After all, he could make a ton on selling calls, buying puts and selling gobbs of shares as seen...who else could dump 3/4 of the float by volume?
Signs of him selling or BASS selling shares short (Covered by chen) which wouldnt show up in any 13G i.e short selling..would be the depressed stock price, the crappy reports of losing money by chen, the using (RENN Group-on) to funnel money out of RENN, selling profitable portions (Gaming) of the business for CHEAP to some private company- chen cronies? and the options market manipulation..
Who is to say what is really happening?-
I give! You guys can come up with your ridiculous, preposterous assertions all you like and I won't fight you anymore. This board truly has some of the most unsophisticated investors I have ever seen. Please come up with any conspiracy theory you like. I am finished
- 1 Reply to laman250
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If I remember correctly GS had 6 Million shares of RENN and MS had 13 Million shares....
Now GS has less than a Million and MS has 4 Million..
Need I say more?
My long RENN side is dying...
All the positive, sounded too good to be true.
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when the person responsible decided that he had enough fun......
he will milk it the other way.
That's when shorts will all get killed.
This is the worst stock to be a short.- 1 Reply to johnang2811
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Your not serious?
Nobody wants this chit on the two strongest up days of the year, 2 days in a row.
This pos has burnt so many longs and left so many bagholders in it's wake, it has the opposite of support, serious resistance to the upside, yet instead of staying where it is, level 2 and the puts bought daily are telling me low 2's are possible, and three is certain.
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