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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 (92)6/16/2011 1:22:46 PM
From: Trader J  Read Replies (1) of 310
 
I actually really like the action here. I especially like the rise this AM followed by the retracement and now the support here.

Wouldn't mind seeing the high $6s but at this point, the next $1 of movement is somewhat inconsequential in my mind. Need to find good support and then enter the next phase. The consolidation here was most expected.

Where it finds that true support will be key. Don't care whether it is here in the $7s or the $6s.
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