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Renren Inc. Message Board

  • nanotechmillionaire nanotechmillionaire Jul 29, 2012 10:13 PM Flag

    advice to newbies thinking of buying calls

    Wait so you don't want to pull your hair out.

    15 cent calls have a habit of selling or 5 cents 2 or 3 days later because Renn has a habit of alling 4 or 5% a day.

    Also if you are going to buy any serious amount of calls (100 or more)

    Wait till they come out with 2014 calls, this might take awhile as nobody expects a move in Renn anytime soon, and those that list options still want the 2012 2013 calls to sell to suckers and newbies, once the 2014 calls come out, those will be getting 90% o the buying action.

    This is one of the few China stocks where holding actual shares is smarter and more bang or your buck.

    I know you are down, everybody is, makes when to add again even more crucial. You should get a chance to add in the very high 2's by Friday but it will be breif, like a 30 minute window, if Renn comes out with a lot of positive news, this will be the bottom, either right before or right after earnings then the RENN run north will have started for good.

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