This stock toptails everyday for yrs, so easy to trade, its a day trader dream. Thats all that buys renn, the arrogant ceo is unbelievable. Im just amazed how long ive been able to trade this thing. Its 1500 to 4000 a day Its sell back off 99 percent of the time. I just punch it in in am and almost everyday i make money on it
Every morning on no news i just wait on my trade.
I have a feeling alibaba will take over, i think the issue is chen he is a total idiot. I can see softbank letting it just go out of biz. But mabye the will. Seem easy to merge it, get that big pop and unload a #$%$ load of this stock.
I do it almost everyday. Sorry but it gives it to me over and over. Key is to cover up near the close Im not getting hung on some #$%$ trap, but i will just keep doing as long as this pos stay afloat. I dont understand why you cant read a day chart. Renn is the easiest stock to trade dn on the market. Unless it has a merger or buyout it will just creep dn. it sould already be at cash around 2.01.
This just smells of set up. First that bs interview with chen, then bloomberg launches all out attack. Then renn dumps into earnings. With that horrible goose egg, renn should have dropped more on higher volume. Under 2 million shares on those numbers. Then today volume way up on upward trend. Dont get me wrong without news this pos keeps dropping. But something is working here, seen it to many times. Renn doesnt even drop to all time low, so the 2.50 mark is still a buy in mark. This is a short trap, they are pushing everyone to short this pig, so on merger news it explodes. But market not buying into it. Volume nothing oln those numbers, and the conference call where ceo appears to be close to tears. All bs.
Softbank will force alababa to merge it know. Softbank is the real owner of both co. Why would they let it go to 0. This ceo has more than ruined his name. He is hated. They was forced to sell off everything they didnt wanted to screw with. Alababa could add ton of services to this pig, directed toward collage kids. These decision have not been made by chen but by alababa. Know am i going to buy, hell no. This is just a guess and i think these things out,
Yep just coving shorts, making money on this pig. Hope u sold on 2.75 boucnce. Its going lower. Much lower
Vips is going to trade with baba. It failed to push thur the 25 range on a double attempt. And baba will drop with all those additional shares hitting the market. I see 17.50 on vips coming. If i was vips i would stock trade for the controlling stake in renn. Now they could flash sale college targeted items and crush it. That would put a move ahead of baba with a target group taylored to one site. But these guys have no clue. Plus renn stock would run to 14 buck, chen could sell Take his 2.5 billion and invest in start ups all day
His comment more valuable. Lol. Board is full of idiot. Heres what isaid. SELL. SELL SELL. I posted yesterday just wait till that 55 million write off hits. By the way renn hit 2.50 monday, bounce back to the 50 then tanks. 2 by end of dec. now sit here and hold, make up good things about the co. And look like a idiot. Only prayer longs have is a partnership, but who would touch this pig know. People posting chen is smart, i agree he has stole all of your money
He will spend all the cash, he ssid that, renn cash piice is 2.08 pps. It will be under 2 this quarter. It may bouce back into 2.90 range then kiss it by. Just let the 50 ma come dn. sorry but by next report look out. Speaking of new piece lol, loan students money on make up computers phone, if they loan 100 milllion they will lose half, those kids will never repay. Co is plain stupid
Everything you have said os stupid and wrong, this pos has 748 million in cash, everything else is totally worthless. You post 56 worth a billion. Why dont you dhut up. I have told everyone hear whats happen, and you and your 30 other user name bash me. This company dropps like a rock, and yes below 2. It doesnt have one thing going for it. You post no dept, well 38 million loss a quarter is worst