Posted by: Riten May 5, 2011
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So what do you guys think about Renren (ticker: renn), the Chinese facebook? It IPO'd yesterday at $19.50, but is now $16.50.
My take: Sounds like a good stock to play in the Chinese market. And China being China, it has a huge market potential. However, it might be worth doing some digging and wait to see how it pans out in next few days or weeks.
My take: Sounds like a good stock to play in the Chinese market. And China being China, it has a huge market potential. However, it might be worth doing some digging and wait to see how it pans out in next few days or weeks.