I believe that what they are talking about. When they are planning partnership with bigger internet players. Not a buyout on their site
I know i will get bashed for post something good on renn. But Iwatch everything on co's I trade. Renn has been the worst over past 4 yrs of anyone. The failure of renn from ipo was very easy to see. First rule in bussiness is not to take the co in 5 different directions at one time. Chen was a stanford grad and should have know this. This plans burns cash and has a very high rate of failure. Renn lost sight on its true platform. Know that i know their new plan, it could be huge. Only concern is Chen, his ego could blow this as well. He is a horrible CEO, that has voting control over renn, thats not good
Student loan in china, they have direct link to almost every college kid in china. If renn starts doing student loans and placing these kids for hire look out. Every tech co in us has to bid for the limited top talent here. Renn could easily set officesup in china for every major co. The production from these offices will be 500x greater than here. There long hrs and project goal are expected. Us co have limited access to this talent pool. Renn could solve that very fast. Renn could hire and sub this talent 2 to 3 x hire rate. If renn can get this rolling every co will be placing ads on renren. This works in engineering, chemical, tech design ect. Look out this could hurt the whole us job market. What it take us co a yr to build, they can copy in weeks over there. They suck at creative thinking, but tell them what you want, they will build in half the time cheaper.
Man how big could renn be, tied to all these collage kids. The number one issue for co today are finding talent. China has the most. How easy would it be for renn to hire 250 top students for fb, twitter, every tech co needs these smart kids. Renn set them up, pays them bettrr than they can get in china doubles the salary to fb. They could really bank big. Easy to set up 300k workers, renn could bank 100 milloon a quartrr on this alone. Then renn site will become a market place for ads. I hope it works but this stock could really drop until. Then. Ill buy all i can on first sign its working.
I post that over and over, and got bashed. Renn is going to try to refi student loans thur china. Not just any student. One with highly desirable degrees. They also will start placeing these people world wide for fee. But all this will take alot of time. And if they get this rolling. Renn will bank. Thats why the have moved to college students only. Should have done this 4 yrs ago. But this stock is going no place until this starts working. One stop shop refi your student loan, renn places with world wide cos. renn make nice fees, plus sell loans on bundles. No one has done this before, i love it. But in mean time ouch
Fnma , over past yr has been even better trade the other way, i bought and sold it daily. Know that trade is messed up on 50 breaking below 200 hard. It will take fnma months to regroup. Good luck. For the record i know i post alot of #$%$ on renn but it has all come true. That co is know in the worst shape ever. Ghey need to sell or it will trade at almost nothing. They are know going to spend their cash on start ups. Look out. People post about softbank, they care less. They have owership in 1200 internet co. But someone is pushing chen to sell renn. Why else would boomberg start pounding renn. And a day before bloomberg chen did this set up interview tell how renn is moving. That a inter power struggle going own, shareholders never win on these deals
Renn has been a super day trade on the short or long. It has top tail almost daily for yrs. so shorting after lunch and cover into close has worked over and over. On sprint up days of volume of 8 million i have gone huge in short on the close. This trade has made me huge money. Im short now on a hold. This is because their is no volume. Now the daytrades have move on from renn, because of bloomberg. This has been very safe trade, because the 50 day has been below 200 for a long time. Renn could not fly up on you unless the 50 crossed the 200 ma. Every time it gets close they pound it back down. Im afraid right know renn is doomed to drift lower, but no daily money to be made until some buyers come back. So dont do much until volume come back , if it ever does. Renn needs to post news, im not interested in sitting here to make 25 cents more. I like turning 30k shares a day for 5 to 12 cents. Add that up over 5 days and its big money
Nope, dont u get tired of hoping renn will do something, just sell your shares and make me some cash. I dont get tired of making 4 to 10k a week. A very easy living
3.18 close. Their you are some bs, tomorrow will bleed more. Take this pig to a buck. Worthless. Longs are total fools. Sit and loose your money on this scam
Trust me there is a power struggle, someone want that idiot ceo to sell. Look for softbank to dump and crush this co. Look for board member to step down soon. This pig is going to come totally apart. Just wait till chen announce the japan purchase, stock will drop 30 percent or more that day and