Renren Message Board - Msg: 27447865

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Technology Stocks : Renren

RENN 1.650

-2.9%

Jun 21 5:00 PM EST

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To: zax who wrote (110)	6/21/2011 8:02:44 PM
From: Savant	Read Replies (2) of 310

He answers well, under 'attack'. Just thumbing some numbers... First day trading $18-24, 90+ Mln shrs, 2nd day $18.17-15.50 range, open/close about $18-16, 28 Mln+ shrs. So, est. 1/2 were shorted* (say 60 Mln shrs), by introducing brokers or other, around $18-17 average, followed by the push to $6.55....net about oh, $10/shr...would be about $600 Mln profit..not bad. Never mind the shorts after the first 2 days, which would bring the net up over $1 Bln IMO. About 50 Mln shrs have traded the last 5 trading days. *In the interest of making an orderly market...of course.

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