And still we're down 60% from the high....very frustrating.
I've owned this since it IPO'd, the price fluctuates quite a bit...this isnt a surprise. I think long term this is a better buy than Alibaba or Baidu...well..providing it doesnt get bought out.
Great report all around...now it begins...not it all begins..
If this would have IPOd 5-10 years ago..this would have been a monster of stock to own....now it's a bloated large cap stock with most of the growth priced in....opportunity missed.
Long way to go...just to break even.
Just saying....a possible second stream of income...its' out there...if Renn can execute...which remains to be seen.
Cut it down all you want...there people who predicted disaster and a price well below $2.50...could have been much worse. So..Ya....
I mean..it's a small victory.
All Chen has proven is that he doesnt know how to run a company. Don't feel bad...plenty of other people have been taken to the cleaners by this guy....sell..take your losses...move on.
Thank you Mr. Chen.