Social Media Isn’t Hot, It’s On Fire

If you have followed my tweets today, you have seen my obvious bullish sentiments of RENN. I hate to break it to those who read my post from yesterday about me preparing to fire my VXX bull gun, but I changed my mind. I pulled a complete reversal on sentiment. This is obvious by the massive amount of monies headed into social media. As I stated in an article a few weekends back, you Cant Fight Where The Money Is Going. Just take a look at the volume on RENN, its mind-blowing. Looking back to last summer, the last time enthusiasm was really behind this stock, it doubled in a week. Below is that graph.

With the recent revisited enthusiasm, I am putting my money to work. I believe we are far from being done with this movement. Tech is hot and social media is on fire. I believe that the stock is not even overextended and I have not even heard any bearish sentiments on it. If you have them I am more than willing to hear them, but it looks to me like your bearish sentiments will be crushed. Supposedly the short percentage is high, I am in and waiting to see how that plays out for the bulls on social media. 

Shoutout to Ragin’ Cajun at for making the call last night
Posted on by Young Gun in Uncategorized Comments Off on Social Media Isn’t Hot, It’s On Fire