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Suntech Power Holdings Co. Ltd. Message Board

qiqi08 22 posts  |  Last Activity: Nov 24, 2014 12:37 AM Member since: Jun 14, 2007
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  • I will still hold it for a while, but I need to be more cautious.

    Will keep an eye on site traffic, buy back activity, news report, new release of game, apps. If the Q4 result is still disappointing, I may decide to exit.

  • qiqi08 qiqi08 Nov 21, 2014 1:44 PM Flag

    So where the stock is heading? Only Joe knows. He has all the cards. He can easily take it private, or buyback with 100m buyback program. It is also possible he will burn everything and kills Renn. But he is smart, a MIT and Stanford graduate. Almost all the money he has is in Renn. You can bet against him. I choose to stick to it.

  • Competition from QQ, wechat is too much. Even wechat is still losing money. It seems Renn user bases are stabilizing.

    Renn will just use the user bases to for internet finance, online education, and also do venture fund kind of investment.

    I like Renn's recent development. Don't burn cash by maintaining a video website, and a game department. Now Renn only has woxiu that is profitable, and only represents other games so the cost will be much lower now. If one of the 3 parts(internet finance, online education and venture investment) made a progress, Renn can easily turn into profitable.

    Hope someone can figure out why the site traffic jumped so much, right after 3Q. Also why almost 25% of click is from the USA. This is kind of strange to me.

    Amazon has been ipoed for so many years, and how many quarters did they made money? Yet wallstreet loves Amazon. So stop the money losing, dying talk,, at least Joe can make some money by buying/selling stocks. If SoFi gets ipoed in the Spring, what kind of evaluation will wall street give? Close to cash level, or book value? I don't think so.

    I am guessing a new app launched recently is getting popular. This is certainly a good sign for the longs.

  • Reply to

    I think tomorrow Renn will rise

    by qiqi08 Nov 20, 2014 8:47 PM
    qiqi08 qiqi08 Nov 21, 2014 11:09 AM Flag

    Hehe, why don't you shut up?

    Only facts matter, the rest is all noises.

    Got 3K more at 2.69. Pretty happy today, sold AAPL, sold short Baba, bought some Renn. Call you crazy or stupid if you like. Plan to sell those bought @3.2, and buy back AAPL, Baba after OE day.

    If you want

  • Reply to

    I think tomorrow Renn will rise

    by qiqi08 Nov 20, 2014 8:47 PM
    qiqi08 qiqi08 Nov 21, 2014 9:50 AM Flag

    Check back who posted 56 is worth 1b?
    I disagree with him with 56's price.

    I only have 1 user name.

    Everything I said is a fact or my opinion.

    You are the one constantly posted lies, and misleading information.

    BTW, I picked up 3K shares @ 2.79-2.80 today. Plan to sell Apple to buy more Renn if it drops next week.

    Feel free to short if you want. I have no problem with that.

  • Reply to

    I think tomorrow Renn will rise

    by qiqi08 Nov 20, 2014 8:47 PM
    qiqi08 qiqi08 Nov 21, 2014 8:54 AM Flag

    Yes. I am pretty confident.

    I said a year ago, Q4 is the quarter to turn around. Joe write off 56 to make Q3 look bad so he can make #s look great for Q4 and 15. YOY looks really bad, but there is no Noumi, no 56, and game department does not develop new games any more.

    Buyback is still on, look at Q3 pps and we can estimate 3.05-3.1 is the range Joe set to buy back. Is there a way to calculate how many shares traded below $3.1? I believe Joe took all shares below $3.1. There are no much float left, Joe can buyback all with the 100m.

    Again, site traffic is the most important #s for social media companies. Now it looks pretty strong. It is a great sign, even though I don't know why the big increase for now.

    So in a week or 2, if not today, this pig is going back to at least $3.1.

  • Burden of 56 is clear. Writeoff is done. Q4 guidance is not that bad if considering 56's revenue is gone and game department now only serves as a platfom for Q4. It is clean now. Still made some investment gain to offset 56 loss.

    Now the traffic increase is really interesting. I don't bother to listen to the CC, hope Joe can give an explanation.

  • Reply to

    My post was deleted in seconds. Why?

    by qiqi08 Nov 20, 2014 10:46 AM
    qiqi08 qiqi08 Nov 20, 2014 10:47 AM Flag

    56 sold for 25m, not 13m based on the internet rumors. Profitable Ishow part is not for sale, still in Renn.

    Renn only invested well less 10m in Yik Yak. This investment seems to be wise as Yik Yak received 2nd round of 75m investment.

    10m investment for Gogovan for only 10% stake seems a little bit high to me.

    Started from next Q, we won't see the sharp YOY decline as we all knew the apple store incident.

    Renren likely stopped developing games by theirselves, they only provide platform for developers.

    Buyback: Likely not that many shares bought back. Only several millions, or even 0.

    What else? The recent traffic increase is certainly interesting. Hope Chen can give a good explanation at CC.

    My suggestion to Joe is to sell ~20% of stake to FB, let FB takes over the social media part. Chen can do what he is at best: Venture investment!

  • nothing special

  • The #$%$ver#$%$ge of buy b#$%$ck price for previous 20+ M sh#$%$res is #$%$round 3.05-3.1. There is #$%$nother 100m buyb#$%$ck progr#$%$m. They should be #$%$ble to buy #$%$ll #$%$ll sh#$%$res #$%$t this price.

    They now let it slide. Why? They w#$%$nt the price low?

    Could be t#$%$king it priv#$%$te, or #$%$ buyout? To m#$%$ke the priv#$%$tiz#$%$tion or buyout price look #$%$ttr#$%$ctive, they w#$%$nt to get the pps down?

    BTW, I #$%$m not worried. I #$%$m buying now #$%$t this r#$%$nge.

  • Reply to

    Wheres the mouths today

    by hicksgreg65 Nov 18, 2014 12:46 PM
    qiqi08 qiqi08 Nov 18, 2014 12:59 PM Flag

    I thought you closed all your short position already. Dare to short at this level?

    I unloaded ~20-30K shares too. I am buying now.

  • Not sure it is real due to some new apps or it is playing old games again. Did not see any news about a new popular game launching. I doubt they can play the old trick again since Apple store blocked all their apps before due to this.

    The only thing I can think about is the new app called alumni searching app. I think this one may actually be popular since it is useful in career networking.

  • in China. This seems the last straw for Renn. I think this is their new business model. Renn will become a internet financial company soon. He may take it private first before it makes the transition from a social media company to internet financial company though.

  • They focus on young students again.

    They adapt the SoFi experience and copy it in China. They started to provide loans for students to buy high end phones such as iphones, and xiaomi. I believe they will expand it into other financial part such as student loans.

    So they spin out all parts burning cash. Focus on online financial service to young students and online education. Social media is just to provide a customer pool.

    So for the first time, they now thinking about profitability.

  • They have a ton of cash now. If you own all the ships so they won't build more with cash. This may solve the over supply issue.

    I also invested in a Chinese company 601872, and 601919. If I run these two company. I will be happy to buy some of the equity or some ships. I think those shippers will be happy to have some cash too.

  • Not sure it is correct or not. Wondering why they posted it at 8am. Seems 1 hour earlier than here

  • Is it social or investment?

    Based on Joe's recent interview, it seems to me the core business is investment, not social any more.

    Let's wait to see what part of business he sells in the near future.

  • Don't know the price yet. Don't know whether woshow is included in the deal since woshow is actually profitable at this point.

    Waiting for the details.

  • Reply to

    Bashing me. Lol

    by hicksgreg65 Oct 30, 2014 10:11 AM
    qiqi08 qiqi08 Oct 30, 2014 1:58 PM Flag

    BTW, I never posted a lie, only facts, and maybe some analysis. Half of your post is lies.

    Honestly I am long, but I am really sure what the pps is gonna be in one year, but I am still holding it tight since I believe the winning chance is better than losing.

    Show us your trades here. Otherwise, you are just that loser who shorted a stock for 3 years and the stock price only changed serveral pennies. LOL

  • qiqi08 qiqi08 Oct 30, 2014 1:54 PM Flag

    LOL, you first showed up in this board on Dec 20, 2011. The closing price of Renn on Dec 19 2011 was $3.35. After 3 years it is pretty much no movement. Neither long or short can make a lot of money after Dec 2011. If you are really good at shorting stocks, there are a ton of better shorting materials than this one.

    With so low volume, and low price moving range, how can you make up of total 20% daily volume? In your dream? Can your trades cover the fees?

    Also based on the previous price movement, it is better to buy low and sell high. That is what I did. I buy at 3.1x or low 3.2X, then sell at 3.4X, 3.5X. I think the strategy is similar but longs don't need to pay borrowing fees.

    Get real! You aren't got your new jeep here. Be careful not lose your used car too. LOL

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