The price action is breaking down. Sub $3 is in play which would be a buy signal to me given the cash that supports book value. RENN is getting nothing from the Street until they prove themselves. This is a company that bleeds a little capital and is not yet cash flow positive.
I will buy $2-handle RENN in the near-term before earnings - or wait post-earnings and get it below $3 after another poor showing - IF - the company shows anything promising at all related to subs and cost containment related to EPS for the future.