Renewi Share Discussion Threads

[itsnotmeitsy0u] 26/5/2020 12:31

yes - quite bizarre that a large holder would sell at this time of ATLhave been buying substantial amounts over the last few days - is now my 2nd largest holding

[george stobbart] 26/5/2020 11:10

clearly the seller hasn't gone away yet, otherwise it wouldn't be up only a couple pct in a hyper bullish day

[itsnotmeitsy0u] 26/5/2020 10:28

big volume again today...

[dplewis1] 26/5/2020 08:09

Lol that makes them a very reliable reverse indicator then! I'm also not a huge fan but people do follow the main chart triggers so can sometimes be useful. Anyway, decent start today and there's a nice 120k bid on the book at 19.06 - offer side looks much flakier

[itsnotmeitsy0u] 26/5/2020 08:06

chartists tend to get it wrong 99% of the time...

[dplewis1] 25/5/2020 19:07

Interesting tweet from a charty type called Ant on twitter - https://twitter.com/antmwah/status/1264970062441721856?s=21"#RWI; trending lower from the breakdown at 21.04p; levels in play 16.92p-18.28p, sellers still in control for now following Fridays rejection of the EMA9 (20p) & decent chance of follow-through to tag the lower level before we see a reverse signal."

[itsnotmeitsy0u] 22/5/2020 16:41

then again maybe not!!good weekend all

[itsnotmeitsy0u] 22/5/2020 12:28

excellent volume again

[itsnotmeitsy0u] 22/5/2020 12:00

looking at the trading patterns, I reckon this will close in the 19 - 20p range today

[itsnotmeitsy0u] 22/5/2020 09:25

lol should have sold and bought back cheaper

[dplewis1] 22/5/2020 08:26

Yeah not a bad start considering ftse down 2%. Let's hope it holds!

[itsnotmeitsy0u] 22/5/2020 08:10

being offered full bid for 100k shares - holding up well

[outsizeclothes.com] 21/5/2020 14:36

I'm coming off the fence. Just bought 100k @ 18.98, but it took that to get them.

[gregsc] 21/5/2020 12:32

not long now to 4 June

[catch007] 21/5/2020 12:01

I added 6k at 18.05p yesterday to average down yet again. I will leave RWI alone and sit on my hands hoping for a recovery.

[dplewis1] 21/5/2020 11:39

Not these days as I don't so that job anymore, but yes I was an 'algorithmic sales trader' and used to trade for hedge funds

[itsnotmeitsy0u] 21/5/2020 11:27

aah ok.do you trade on algos yourself?

[dplewis1] 21/5/2020 11:24

There are plenty of LSE bids above the 18p 500k, but doesn't seem to be an aggressive algo. When I was a sales trader I'd quite often set a large order to a passive setting (i.e don't cross the spread) to take say 10 or 15% of the volume but work over a few days.

[dplewis1] 21/5/2020 11:21

I do yes. It's also only certain condition codes that trigger the price to change, so for example the last off book 31k trade was at 18.67022 but the price is still set from the last AT trade at 18.26.

[itsnotmeitsy0u] 21/5/2020 11:18

but unlikely to drop 6% on such low volumedef manipulation - possibly to get share price down to full that 500k order you mentioned earlierdo you have lvl2

[george stobbart] 21/5/2020 11:12

here we go again

[dplewis1] 21/5/2020 11:10

MMS aren't doing anything - top 4 rows of the bid and ask are all LSE prices

[itsnotmeitsy0u] 21/5/2020 11:01

what the hell is the MM playing at? seems to be a tree shake

[dplewis1] 21/5/2020 10:06

Yes it's marked as an off book purchase on my terminal