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Technology Stocks : Renren
RENN 1.650-2.9%Jun 21 5:00 PM EST

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To: Trader J who wrote (69)6/9/2011 4:38:32 PM
From: Lahcim Leinad  Read Replies (1) of 310
 
Given the quiet period is fundamentally over tomorrow, I fully expected - and still expect - tomorrow to be a the lowest down day before everyone gets to speak up, without legal bounds.

What will happen after Monday is anyone's guess. I have no idea!

In any case, if I were one to buy stocks at their all time lows - sometimes I do - tomorrow would be the day I'd risk this one.

But, I don't trust anything about this stock. Everything I read about it scares the daylights out of me. Accounting, reporting, management, previous entities into which this one morphed, etc.

Strikes me like the poster child for what is presently wrong with Chinese IPOs.

Ergo, I don't even dare to trade it.

Best!
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