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Post by bracknellboy on Feb 25, 2015 19:08:12 GMT
Is the tall one actually trying to break the site? Stuffing 200k into a little 30k loan.... He (it is a he) does this quite often even when there are no website issues and the result is often that as the loan goes to fully funded status there are 502 errors etc with other lenders being unable to access the page to knock off some of his bids. I can't see any reason to massively overbid other than to cause the disruptive effect I have described. If the platform is GENUINELY being manipulated like that (through the API ??) then I'm rather surprised that FC isn't taking some action.
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Post by GSV3MIaC on Feb 25, 2015 19:12:09 GMT
Maybe I'll have to revise my opinion on his Bot-ness then, since that sort of stupidity is easy to program in, especially if the website is lying about which bids are falling out. Yes, my logs showed that for most of the afternoon and early evening there were major adding-up-the-live-bids errors on a whole bunch of loans (particularly, as usual, the ones with a lot of bidding going on). Makes it almost impossible for manual bidders (bot(s) can of course add up the live bids from MBR upwards quite fast and figure out where the edge really is - assuming the bidding data on the web page is loosely coupled to reality that is).
Bracknelboy - no, probably not via the API, since there are supposed to be restrictions on bids/minute (3) and % of loan you can apply for (10% iirc). Whether Fiddling Caesars can/do actually enforce it is open to question. However there are lots of other ways to interact with the site, including just pushing the button manually .. put in £960s as fast as your fingers can go and I am sure you can break something, especially if the site keeps taking the bids when it shouldn't (maybe the tall one was relying on a 'can't place the bid' error to know when to stop, which this PM would have been rather slow in coming. 8>.
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wysiati
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Post by wysiati on Feb 25, 2015 19:20:16 GMT
Other recent examples involving the same bidder include:
Auction # 10529: c£130k bids @ 15% on a £50k loan request
Auction # 10685: >£90k bids @ 14.8% on a c£52k loan request
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Post by goldservice on Feb 25, 2015 21:10:38 GMT
I can't get very excited about any of this - I just want to know where all the early closers have gone  Oh - 11149A seems to have just closed with max rate 14.9% But My Watchlist and My Bids still show the clock ticking. Cf the separate thread 10982. |
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adrianc
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Post by adrianc on Feb 26, 2015 8:59:17 GMT
I cannot understand how our length-enhanced friend's strategy manages to make any sense whatsoever.
How much money does he have tied up in bids at any time? Hundreds of thousands. Earning nothing.
If/when he gets these huge tranches of just-sub-grand-with-3%, who is actually buying them...? Flipping only makes money when stuff sells.
Am I missing something?
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Post by GSV3MIaC on Feb 26, 2015 9:49:38 GMT
We don't know - is a mystery. However the parts are, apparently, sometimes seen for sale (not by me, my filters exclude anything that big)
While I'm here .. the site seems to be dead or dying again this AM .. can't see any big auctions closing, but I'm getting timeouts and 502s left right and centre - anyone else??
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Investor
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Post by Investor on Feb 26, 2015 9:53:44 GMT
Same here GSV
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SteveT
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Post by SteveT on Feb 26, 2015 10:09:17 GMT
I can't get into the FC website at all this morning, nor into the iPhone App. Is it just me or has their system melted entirely? Seems a bit early in the day for big auction traffic.
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blender
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Post by blender on Feb 26, 2015 10:23:06 GMT
Just very slow from a PC using Chrome.
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oldgrumpy
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Post by oldgrumpy on Feb 26, 2015 10:51:36 GMT
No problems a couple of minutes ago (Firefox) but got bored very quickly so logged out again.
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Post by GSV3MIaC on Feb 26, 2015 11:19:01 GMT
Seems to have recovered since about 10:00 am. Maybe the TD will tell us what the problem is, in the other place. 8>.
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SteveT
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Post by SteveT on Feb 26, 2015 11:23:02 GMT
Looks like someone at FC has successfully "turned it off and on again"!
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coop
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Post by coop on Feb 26, 2015 13:29:55 GMT
I cannot understand how our length-enhanced friend's strategy manages to make any sense whatsoever. How much money does he have tied up in bids at any time? Hundreds of thousands. Earning nothing. If/when he gets these huge tranches of just-sub-grand-with-3%, who is actually buying them...? Flipping only makes money when stuff sells. Am I missing something? Currently has over 120k tied up in 11168 at 14.9%. I dont imagine any of those will stand when the auction ends. More money than sense springs to mind 
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chrisf
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Post by chrisf on Feb 26, 2015 13:59:23 GMT
Look what happened with 11149 (he snagged about 75K at 14.9%) and you see why he does it. Only one of his parts up for sale at the moment, at +1.9%. I assume he's testing the water, though it could be that all but one part has sold.
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wysiati
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Post by wysiati on Feb 26, 2015 14:05:20 GMT
More money than sense springs to mind I imagine that he would be (somewhat justifiably) dismissive of such comments and would not have a problem in being underestimated by other users.
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