RENN Will Be A $100 Stock In 8 Years - I'm not going to spoon feed anyone here on the message board as to why this is going to happen, but I will lead you to the path that companies like RENN have followed.
1)Pull up a 10 year chart on SINA 2)Pull up a 10 year chart on SOHU
What you will find will show you the path these stocks follow after their IPO and when they mature as a public company.
Both SINA & SOHU fell below $1 a share within a very short period after their IPO. Everyone cried out on the boards that they were going bankrupt. As you will see, not only did they not go under, but they both moved to over $100 per share within 120 months.
RENN will follow the same path. RENN is a stock that you buy and hold. With internet use at less than 40% penetration in China, the growth will be phenomenal. You'll see!