4.3 mm holding short looked , but didnt get the bad EPS they were hoping for
but if you look deeper
renn narrowed losses 25% &
so 4.3 mm shorts are no holding dead money,
which will turn into ever increasing losses for them...
i expect a big cover soon down here
and a rally to 4.40 .. which is the analysts projections,
and they have renn so undervalued , they missed rev call and losses call by 25%
conservatively renn will probably hit 4.40
and the bears here will lose a buck , thirty in profit here.... unless they cover
their best chance for the short was this Q...
they lost.. RENN is gaining traction above analysts calls
bears holding here and not covering deserve the loss
every thing every bear claimed they held for didnt pan out
EPS were in lINE , they claim it would miss badly
REVs surged, they claimed they would miss badly
and losses narrowed unexpectedly by 25%
which no one predicted
25% closer to profit out of no where...
the bears miscalled renn this Q. the analysts too
bears didnt get what they held for
now they have no hope , and no reason to hold...
big cover coming. 4.3 mm shares ever losing against a rising renn...
everything the shorts claimed .... never materialized... 4.3mm holding dead money ,and soon losses
any bear holding now ... deserves the losses that are about to mount
they had their shot to cover..
4.3 mm swore renn would open at 2 today
tho renn has 2.90 book value...lol
even still they held 4.3 mm shares for todays Call...
and renn is showing massive traction
revs prove that
narrowing losses proves that
EPS in line bc chen is spending on future
renn is a full on buy now...
the trough is set here finally
the bear are gonna face nothing but loses here