Going to be a fun time tonight !! I am Peter Pan and the wife is tinker bell! Got to love this stock!
So you know if you have been watching this stock for two years that it is very, I mean very close to making a run. Next earnings could be the catalyst.
I have been long for over two years and as sad as it is, Ren always falls back to lower 3"s everytime it goes over four. This time the last few times I sold 1/4th of my position to average down. Renn one day will move like Dang , over 10 bucks , but that is a few quarters away.
Now it need to break 5 next week....... ha ha.
Not going out though, I am making it myself............ No MGM trade today, I will take my almost 6300 profit for the week and have a wonderful worry free week end. No telling what those nuts will do in Washington. Hope everyone made some cash..
Thought it was just a rumor the other day , but now that we are back to the highs of two days ago and volume is up, I am thinking what is going on here? Is it Renn completing the buy-back, hedge funds jumping on or maybe there will be some kind of buy-out coming?. If so, what would the price be? Would Chen have put everything he has into Renn only to get a few bucks? Who knows, we will soon find out but my guess is Renn falls back just like all the other times. One day it won"t though and will be back over ipo just like Facebook did.
Who F"'in cares? Hopefully he jumped off an overpass headfirst while there was an oncoming semi..........