Shares of (RENN) appear to be on the move up. Most importantly, they seem to be an extreme bargain at the current price of $5.25 per share.
A few reasons why we at Thestockfather.com believe Renren Inc. (RENN) will hit $6 in the coming days is one, (RENN) is extremely undervalued by at least $10, and the other reasons include China holding strong, internet use up in China, (RENN) like it or not, is the Facebook of China, and the fact that China has billions of people and growing, so http://www.renren.com will continue to have users, and gain users. One more thing, (RENN) has massive amounts of cash on hand.
Thestockfather.com has given (RENN) a three month target price of $28.
Rediff.com India Limited - NasdaqGM (NasdaqGM: REDF) will benefit because of (RENN) and Facebook.
Investors should continue to watch Rediff.com India Limited (REDF).
E-Commerce China Dangdang Inc. - (NYSE: DANG) is a very good buy, but don't be surprised when (RENN) is trading higher than (DANG) next week.
Look for E-Commerce China Dangdang Inc. (DANG) to end up over $10 this week.
Quepasa Corporation (AMEX: QPSA) is starting to get hot again, but the swings in (QPSA) can really hurt a novice investor, so those who are green in trading, could lose a lot of green.
Quepasa Corporation (QPSA) should hit near $7 this week.
Baidu Inc. (NasdaqGS: BIDU) is one of the best stocks to buy and hold long term, there is no doubt that (BIDU) will be trading over $300 again someday.
Baidu Inc. (BIDU) may hit $150 this week, all internet stocks will be up this week and throughout February.
Out of the five stocks mentioned, Renren Inc. (RENN) is the one to buy, because (RENN) is already beaten down way too far, and because RENN will only continue to grow and be stronger.
Look for (RENN) to hit $10 this week.
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