Renren Inc. Message Board

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Sentiment: Strong Buy

Next resistance at $3.85............ :-)

Sentiment: Strong Buy

WTF, the WS m* f*s playing their games.......can't hold renn down for long though!

Sentiment: Strong Buy

Would be nice to see?

Sentiment: Strong Buy

Short Have Covered

About a year ago, short interest in Renren stood at more than 24 million shares. Without question, the shorts have been right on Renren as shares have moved sharply lower. However, what is worth noting is the fact that shorts have aggressively covered. Currently, short interest in Renren stands at just 3.9 million shares. The profit taking on behalf of short sellers may indicate that the worst is over for Renren. In other words, shorts do not appear to be expecting another major move down.

Possible Takeover

Given Renren's strong user base I think it is fair to say that Renren is a possible takeover target. This is especially interesting given the recent acquisition spree by large Chinese internet companies. Renren would be a good fit for either Baidu or Alibaba, the two most dominant Chinese internet companies.

Conclusion

Due to the building momentum in Chinese internet stocks, recent options activity, low valuation per user relative to Facebook, recent short covering, and possibility of a takeover, it is time to buy Renren.

Sentiment: Strong Buy

Renn loves shorts. It will burn them just like last year but year it will burn them even more by hitting double digit pps wise. Buy and hold or add to your position for the double digit price in 9 months. I'm buying every dip. GLTYA

Sentiment: Strong Buy

RENN RENREN ADR REP 3 CL A
STAY LONG
Last Pattern:NO PATTERN
Last Close:2.9800 Change:0.0000 Percent change0.00% 6 mo.Rating4★$100⇨143.3712 mo.Rating3★$100⇨163.3024 mo.Rating$100
⇨Signal Update Our system’s recommendation today is to STAY LONG. The previous BUY recommendation was issued on 5/17/2013, 11 days ago, when the stock price was 2.8500. Since then RENN has risen by +4.56%.Market Outlook You may relax since our STAY LONG position is secure. The market action does not cast a serious doubt on the wisdom of going long.

Sentiment: Strong Buy

It appears as though Kanye West has officially welcomed China to the good life.

A new report by Nielsen illustrates that Chinese customers are showing an increasing affinity for premium products, refusing to leave anything out. They are spending more on everything from skin moisturizer to baby formula to banking. An ordinary toothbrush? Don’t even think about it.

Research elucidates that the Chinese are perfectly willing to spend more and trade up to premium products that they perceive as higher quality or status. Their growing buying power is what is driving the rapid sales growth in China.

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And the Chinese are not discriminating. They’re willing to spend more for fast-moving consumer groups and trading up in almost every category. As Lynn Xu, vice president of Nielsen BASES and Nielsen Greater China, puts it, “Chinese consumers have developed a more sophisticated taste for life.” That must be nice.

But how can the Chinese afford all of these luxuries? The answer: China has seen a fourfold increase in average household income in just over a decade. Nielsen explains, “Between 2000 and 2012, disposable annual income in China jumped from an average of 6,280 RMB ($1,022 USD) to 24,564 RMB ($3,999 USD), according to the Chinese government. And in just the past three years, total assets in Chinese banks have grown 146 percent.

Last Close:3.0100 Change:+0.1600 Percent change+5.61% 6 mo.Rating4★$100⇨145.4912 mo.Rating3★$100⇨164.9524 mo.Rating$100⇨
Signal Update Our system’s recommendation today is to STAY LONG. The previous BUY recommendation was issued on 5/17/2013, 3 days ago, when the stock price was 2.8500. Since then RENN has risen by +5.61%.Market Outlook You may relax since our STAY LONG position is secure. The market action does not cast a serious doubt on the wisdom of going long.

Sentiment: Strong Buy

RENN RENREN ADR REP 3 CL A
BUY
Last Pattern:BULLISH DOJI STAR
Last Close:2.8500 Change:+0.0300 Percent change+1.06% 6 mo.Rating4★$100⇨137.7612 mo.Rating3★$100⇨156.1824 mo.Rating$100⇨
Signal Update Our system’s recommendation today is to BUY. The BULLISH DOJI STAR pattern finally received a confirmation because the prices crossed the confirmation level which was at 2.8400, and our valid average buying price stands now at 2.8500. The previous SELL recommendation was issued on 5/15/2013, 2 days ago, when the stock price was 2.9100. Since then RENN has fallen by -2.06%.Market Outlook Let’s jump on our white horses and go for a bullish ride. The bullish pattern that was previously identified is finally confirmed and a BUY signal is generated. Most probably, it is the right time to participate in bullish fervor. The market is telling you about a new profit. Do not miss this bullish opportunity.

Pattern Description This pattern appears in a downtrend and warns that the trend will change. It consists of a black candlestick and a Doji with a downward gap at the opening. When the Doji is in the form of an Umbrella the pattern is called “Bullish Dragonfly Doji”, and in case of an Inverted Umbrella it is called “Bullish Gravestone Doji”. Here, all these patterns are subsumed, under the name: “Bullish Doji Star”, regardless of the shape of the Doji

Sentiment: Strong Buy