Nobody wants this chit on the two strongest up days of the year, 2 days in a row.
This pos has burnt so many longs and left so many bagholders in it's wake, it has the opposite of support, serious resistance to the upside, yet instead of staying where it is, level 2 and the puts bought daily are telling me low 2's are possible, and three is certain.
how this work. WHen the MM makes you think this way, that's when you get hit big time. SNS is the future , China has the growth to fuel anything , Renn is in a perfect position where everything can happen all over a single decision. This decision can happen any day . What decision? It can be merger, spin-off or even a surprise earnings from new ways of monetising. If you think they will see $3 again, you are so wrong. $3 is a last year thingy, now Ren is so much stronger than before with so much more possibilities. It will most likely be a 2 digit stock by early 2013.