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Renren Inc. Message Board

  • luckguy36 luckguy36 Mar 29, 2012 6:35 PM Flag

    Newbie Q's

    So why the big drop in PPS since going public? Also with a billion in cash and decent revenues WHY isnt the PPS much higher? Is it a case of not trusting the accountants?

    Not long yet but interested.
    Thanks

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    • luckguy, that is a pretty good assumption. There has been an overall mistrust of Chinese companies. Plus the shorts jumped all. over this stock after the IPO, and 2011 was not a good year to begin with.
      There is no question the stock is undervalued. It it growing fast and has more than just your typical FB type business.
      Do some DD and I think you will want in. We could always use a guy named lucky

    • What U get is the best deal if you buy RENN now
      if you wait next week it won't be cheap anymore

      I bought Renn @ high end and @ mid high and finally I bought triple my negative position with bigger bet @ lower price than today and see what this holding turn to gain

      What goes down must go up!!!! that's the rule
      nothing wrong with this company. everything check and on track. just need time
      and the time is can't be better than now.

 
RENN
1.85-0.01(-0.54%)Aug 30 4:02 PMEDT