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Bullboard - Stock Discussion Forum Renaissance Oil Corp. RNSFF

Renaissance Oil Corp is engaged in the acquisition, development, and production of oil and natural gas in Mexico. The group's properties include Mundo Nuevo, Topen, Malva, and Ponton.

GREY:RNSFF - Post Discussion

Renaissance Oil Corp. > Algo trading
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Post by swyint123888 on Dec 30, 2020 11:42am

Algo trading

500 shares into the bid every 2 minutes....always wondered why this was legal but obviously it is. Bought in a week ago, looking for elephants...good luck all could be a nice early spring for us....or not
Comment by swyint123888 on Dec 30, 2020 1:21pm
Anyone have any thoughts on this, has the stock done this in the past I just bought last week and it's the first I see.....took 90 minutes off for lunch and it's back to 500 into the bid every couple minutes.....I guess my question is if anyone has seen this in the past with any stock did it tell them something or did that stock move one way or another a little later.....
Comment by investor55x on Dec 30, 2020 4:34pm
Yeah, there we are seeing algo-trading by "Anonymous" (500 shares each). So it seems that the price must not go up just yet. Maybe news pending in January?
Comment by swyint123888 on Dec 30, 2020 4:46pm
Discussed it with friends over the years and we feel it could possibly be used to interfere or distrupt other program related trading (buying mainly) due to the ticker always pointing down....or something like that.  did it for a bit around 13:15 (as well as longer in the morning) then RECO had it's afternoon run  and a few minutes later we finally took a chunk out of the ask but by ...more  
Comment by sdjinvest on Dec 30, 2020 5:52pm
Or TD would be happy because you're giving them all your money in commisions hah
Comment by grenouille on Dec 31, 2020 9:30am
"maybe news pending in january?"  news from mexico?  or from namibia?  i'd bet on the latter.
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