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Post by spareafewcoppersguv on Dec 23, 2015 9:45:45 GMT
Who knows.....almost not worth watching as it is so all over the place. Wonder whether 74 will get released before the NY now allowing time for Chrismas enthusiasm to hoover up remaining 500, now 400, now 600 now 300K of 73! The world works in mysterious ways and who knows what you'll get when you pull the festive cracker... a pre-funded allocation of something new maybe. Enjoy:)
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Post by spareafewcoppersguv on Dec 22, 2015 22:46:20 GMT
.....encourage you to do the same???
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Post by spareafewcoppersguv on Dec 21, 2015 10:34:08 GMT
That's great! Thanks for making us all smile with a heavy dose of "OMG I am SO relived that I'm not tempted to even attempt to write a macro / bot". Steer clear of the temptation to write the "Buy all available loans" macro
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Post by spareafewcoppersguv on Dec 19, 2015 10:12:02 GMT
It depends on the size of the loan. It it is under £1M and if it is oversubscribed then everyone who wants in should get the same provided you request at least that amount. ie for a 500k loan with 1200 bidders, everyone will get £416. So it would be quite reasonable to put in a bid for £1000 and you are likely to get approx £400 adjusted up or down in relation to the number of actual bidders vs this estimated 1200. Wouldn't make any difference in this scenario whether you bid £500, £1,000, £10,000, but would make a difference if you only bid £250 as then you will only get £250 (obviously!)
But if the loan is over £1M then the old rules apply. Going on yesterdays experience, if it is a say £5M loan, you are likely to get everything you ask for. In between you might need to adjust accordingly, and at the end of the day it is just a judgement call. Don't over-bid what in extremis you would be willing and able to take, or you are will be faced with the choice if either taking it and hoping you can sell some on in the SM, or defaulting on the payment, which would be likely to get you a black mark on your SS file!
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Post by spareafewcoppersguv on Dec 18, 2015 13:03:20 GMT
Got it thanks. Jamesc - go to list view, then you will see it...
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Post by spareafewcoppersguv on Dec 18, 2015 12:57:30 GMT
I can't find it either...
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Post by spareafewcoppersguv on Dec 17, 2015 17:33:31 GMT
Your best option would be to ask SS directly...
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Post by spareafewcoppersguv on Dec 16, 2015 12:24:06 GMT
It was promised for this Monday (day before yesterday), but no, we haven't had it yet...
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Lendy (L) in Administration
Bots on SM?
Dec 16, 2015 8:02:06 GMT
Post by spareafewcoppersguv on Dec 16, 2015 8:02:06 GMT
To duck. You've done well to do that, unless you are staring at your screen all day refreshing the available loans page constantly!
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Post by spareafewcoppersguv on Dec 14, 2015 18:42:12 GMT
I'm new to the board but have been watching and investing in SS and others for a couple of years now.
Allowing everyone to bid 100% of their total portfolio plus cash on hand seems way too much too me without giving some sort of precedence at the lower end. I'm pretty sure it is just going to lead to dissatisfaction of a slightly different nature, and an equivalent but slightly different mess.
Rather than giving everyone the possibility to bid up to £10K minimum on each loan, but still have no guarantee of what they will be allocated, I would much rather see a system where everyone who wants it was guaranteed a minimum amount of say £1000 (or less if that is what they want), with the remainder above that being allocated as it is now. On smaller loans, if £1000 per bidder wanting a piece of the available loan is more than the size of the loan, then scale everyone back the same percentage as is currently done. If not, and on bigger loans, everyone gets the agreed minimum and above that allocate as now.
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