RENN Fund Inc RCG

Financial Services Asset Management

RENN Fund, Inc. (the Fund) is a registered, non-diversified, closed-end management investment company. The investment objective of the Fund is to provide shareholders with above-market rates of return through capital appreciation and income by investment process that invests in a variety of financial instruments, including common stocks, fixed income and other instruments. In addition, the Fund may sell short stocks, exchange traded funds and exchange traded notes. It invests in various sectors, including aerospace and defense; communication services; marine shipping; metal mining; medicinal chemicals and botanical products; oil and gas; other financial investment activities; real estate; securities and commodity exchanges; technology services; surgical and medical instruments and apparatus, and securities, commodity contracts and other financial investments and related activities. Horizon Kinetics Asset Management LLC is the investment advisor of the Fund.

NYSEAM:RCG - Post by User

RENN Fund Inc > rise to $ $ 2.42

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Comment by SamRothsteinon Dec 22, 2020 8:02pm

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RE:rise to $ $ 2.42

Astutein, Yes I am still in. I do think stock will get back to $2.00. Not counting profit I made on the sale of shares in tender at $2.42, my remaining shares have a cost base around $1.85 so I'm getting super close to break even on remaining shares. I anticipated downward pressure after the tender as I know a lot of people jumped into stock just for that tender and wanted to unload their remaining shares. Plus the hedge fund that bought a lot of GMP in march and april at the all time low. Stock has climbed from low of $1.53 to $1.70 in just over a week so looks like that downward pressure is done. Hoping there will be some kind of positive announcement re. acquisition before end of January.

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