I featured RENN earlier today as a long trade RENN was trading slightly negative when featured, around -1% to -.50%, it has now made a nice move here in the afternoon of +5.44% on the day.
I'd really like to see RENN move above $6.00. The price pattern implied target would be approximately $8.50
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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