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

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To: Lahcim Leinad who wrote (81)6/13/2011 3:15:46 PM
From: Trader J  Read Replies (1) of 310
 
Wow ... quite the slide. It's issues like this that make me glad I have the discipline to know when to sell in many cases. In situations like RENN, it's easy for me not to get too close to the issue and keep it on a tight trading leash. I didn't see it closing at or near $8 on momentum alone ... but it just goes to show you what can happen.

Still waiting but a lot of the near term downside risk will be out of the stock. If I was holding longer at a higher price, might be a good point for an equal share addition to lower that cost basis. But needs to find support first.
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