As RENN's stock price drops the buyout rumors will be in full force. RENN management will obviously not accept $35 or even $100 per share as they realize that the sky is the limit. Just hold or accumulate.
If you ask me,RENN will be at $1,500.00 in 4 years(not counting any kind of splits).
This recent drop in price was caused by filling the gap that never was...(it's IPO price was supposed to be around $14 something).
RENN can easily run up to $30/$35 in the next 25 trading days.
My sources say that FB is offering 1 for 1 with RENN but China will not allow it. China wants NSFT or AAPL to make guarantees on SNS in China, with RENN and Joe Chen to run it. This is what I am hearing tonight. China does not trust GOOG or FB, and they love RENN so they will not allow SINA or Tencent to take RENN. It's either MSFT or AAPL.