It is time for renns typical down 7-10 percent a day for a few days.
Many longs are in both pos stocks REDD and cow DUNG, so when DUNG goes down, they sell RENN and go into RENN, When REDD is down they buy DUNG, so I expect selling today for RENN REDD TURD STOCK.
If the longs were smart they would post every single day on the NYSE WHY HAS A CHINA STOCK NEVER HAD A RUN ON THE NYSE?
This is very bad advertisement for NYSE and they would probably run one, just to prove it is possible on the NYSE exchange, which it is not unless they stop rigging it with Goldmans naked short virtual shares, knowing Goldmans past could be 30-50 fake shares Goldman sold for every real share of RENN. (see rolling stone article for proof)
Longs or shorts have both seen 15-20 million share days where the stock moves 5 to 10 cents, this is not possible without tons of virtual fake shares in my opinion.
RENN will be down because nobody wants to buy ahead of Greek elections this Sunday.
I still stand by 2 dollar price target for RENN
Average family networth is shrinking means less suckers to buy renn calls that all but perhaps the 2013 calls expire worthless.