Wednesday, January 3, 2018

1/3/2018

$RENN: This was on gap up scanner making new 52-week high and they put out a PR announcing acquisition of a tech company with a social platform for the trucking industry. They used a lot of buzzwords in the press release like "artificial intelligence" and "block-chain technology" which is what alot of these companies have been doing lately to get attention from some of this cryptocurrency madness going on. Keeping that mind, I was long biased as long as the stock could break the premarket high of $13.93 so at the open I was using that round $14 as a guide. One it broke above it and held I got long at $14.07 with a stop below 14. It started to feel heavy once it made a new HOD and I took profits at $14.60. 




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