I bought into the idea that Baidu would eventually buy the whole company and not just Nuomi.
If that eventually happens - great. If not - the road for RENN is long if we are looking at fundamentals.
However...
Technically - RENN looks interesting.
This recently came out which sets up some up and numbers to watch for.
http://www.thestreet.com/story/12402042/2/3-stocks-under-10-spiking-on-big-volume.html
So lets look at a simple 200 day/50 day/20 day chart
Same chart longer time frame 50/200 only
StockTA chart: Levels defined
http://www.stockta.com/cgi-bin/analysis.pl?symb=renn&num1=1&cobrand=&mode=stock
Finviz chart 1st break out defined (Until they adjust their line which they will do at some point)
http://finviz.com/quote.ashx?t=renn
"Then there was a woman, a lion of a woman."
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