fasty
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Post by fasty on Feb 24, 2015 21:00:29 GMT
Loan 11125. £200,000 A+ rated. At the time of writing, £137,200 all bid at 15%, most of it seems to be from one person in £960 chunks. Surely not quite cricket...
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Post by ranjeb on Feb 24, 2015 21:12:40 GMT
Yeah welcome to FC, wait until you encounter flippers  |
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Post by GSV3MIaC on Feb 25, 2015 11:28:54 GMT
Ah yes, search posts for mention of 'the tall one'. We decided £960 is so the parts can be sold at 3% markup and still come in under £1000. The goal is to chase autobidders away towards unfilled loans, and maybe frighten off the odd manual bidder too. FC apparently could care less - but then he's a large customer of theirs so they wouldn't want to upset him (I assume it's a him). Sometimes he is never seen again, sometimes he dumps in large numbers of £960s late in the auction - so late that it paralyses the systems and nobody can respond.
At least he only bids at human rates of ~20 bids per minute (albeit a lot of £/minute) .. if he had the 'insane robot pipelined bidding tool' (see baz**** and jc*****n, last I looked) he could get the whole £200k in in less than a minute.
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Post by davee39 on Feb 25, 2015 12:03:32 GMT
I rather like this bidder. Putting £100k on bids that are likely to boot out Autobid ultimately benefits all manual bidders. I follow his manipulated loans at about 0.5% less than the superbids. An A+ borrower will be unlikely to accept early at these rates, and is at greater risk of rejecting altogether where the rate comes in higher than similar ones (A 100k C- bid down to minimum bid rate perhaps?).
Unfortunately it looks like the flood of excess lender cash continues, along with a shortage of decent loans. The rubbish £8500 loans may pad out the lists and bid to minimum in an hour but are are hardly the help with investment that govt money is supposed to provide.
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oldgrumpy
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Post by oldgrumpy on Feb 25, 2015 12:38:01 GMT
I have sent Fairy Cakes a question on this. I anticipate a friendly and bland reply from the throughly pleasant Ben or Melissa.  |
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Post by yorkshireman on Feb 25, 2015 13:07:04 GMT
I have sent Fairy Cakes a question on this. I anticipate a friendly and bland reply from the throughly pleasant Ben or Melissa. Perhaps you would get a more palatable answer from Free Carrots OG
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Post by GSV3MIaC on Feb 25, 2015 16:10:30 GMT
I have sent Fairy Cakes a question on this. I anticipate a friendly and bland reply from the throughly pleasant Ben or Melissa. Or Jack, don't forget Jack!!
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oldgrumpy
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Post by oldgrumpy on Feb 25, 2015 16:22:06 GMT
I think I did mean Jack! rather than Ben  |
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oldgrumpy
Member of DD Central
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Post by oldgrumpy on Feb 27, 2015 10:33:43 GMT
I have sent Fairy Cakes a question on this. I anticipate a friendly and bland reply from the throughly pleasant Ben or Melissa. Or Jack, don't forget Jack!! Got the expected "we know - senior mangement informed - no rules broken etc" reply from Jack (he does write really good well phrased scripts! So respectful, without any sense of patronisation!)
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Post by longjohn on Mar 4, 2015 13:08:45 GMT
11134 (A+) just finished and achieved a rate of 7.9%.
Bazza and co filled it at 15% to lock out autobidders and also queried the borrower as to whether he'd accept the loan early. Look like their strategy failed as the rate isn't a mile away from normal for an A+.
John
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Post by GSV3MIaC on Mar 4, 2015 14:05:02 GMT
You can't lock out autobidders unless there is someplace else for them to put their funds - right now there is not (well, except the SM). The 'fully fund it at 15%' is normally the tall one (see 11296, although he must be desperate to stoop to C-s), although all the big flippers probably have a huge cash pile right now and are likely to be into anything which appears with huge-chunk-of-dosh at 15% just as soon as they (or their bots) notice it.
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fasty
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Post by fasty on Mar 6, 2015 18:01:11 GMT
Here we go again - same lender roughly half filled loan 11392 at 15%. I wish I had £100,000 to splash about like that 
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Post by GSV3MIaC on Mar 6, 2015 19:44:06 GMT
Only half .. he must be short of cash or something? Maybe the other half had been bid (lower) before he saw it. The £100k is, presumably, just the tip of the iceberg (so no surprise that FC is not the least bit interested in enforcing the mooted '10% of any loan per bidder' rule). It's not, IMO, a real big problem, compared to having it put in at MBR (thereby locking everyone out properly) or being put in with <1 minute of the auction to go (giving no-one time to respond, if they want to).
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Post by GSV3MIaC on Mar 11, 2015 17:04:44 GMT
He (the tall one) just pumped 94 bids of £960 into 11443 in a minute (plus a few others either side of that minute - about half the loan in total), so I guess he is a bot (or has recently become one) .. used to go a bit slower than that, I thought. The loan wasn't fully funded before that, so at least the servers didn't have to cope with a couple of thousand bids being kicked out and money returned. I expect baz*****'s bot will be along with a few hundred bids at £40 before long. We really really needs about 2x the loan volume we are currently seeing (property loans need not apply!).
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wysiati
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Post by wysiati on Mar 11, 2015 17:31:29 GMT
...and you and s**z
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