Article out reports net institutional sales of 14.8 million share during this current quarter.That not good for us shareholders. What do they know? Why selling now when Renn is so low.They had to take a beating on those shares, maybe they don't see the lack of news as good. Maybe they have a leak on earnings. Everyone knows buyback was a total flop. Either way Renn is been a pure flop for me!!! Shorts have always been right on Renn
= What do they know? Why selling now when Renn is so low.They had to take a beating on those shares, maybe they don't see the lack of news as good.=
The big Q is:
Who bought and why did they buy such a big amount of shares? The buyers must know something or they wouldn't be buying?
Just my two cents.
Maybe, I'm sure trading under 3 hurts a lot. Some big boys don't allow buying under 5, so under 3 may force some sells. I'm sure some have rules like this. Helms post that we will be back to 4.25, will be impossible with that much selling.And a big miss will put us away. I like to say this is our quarter, but how would you know,renn never updayes