Warning: Following my trades may be hazardous to your financial health. See Disclaimer.
Thursday, March 08, 2012
RENN has earnings after the market close today. The RSI on the daily and 60 miute charts are in the healthy low 50's. It has a daunting 69% short float! Imagine what a short squeeze would look like. If indeed surprise to the upside, 6.15 is the conservative target. 7 the rectangle target. And 8.70 the flag pole target. Holding a small position for kicks.