|
|
Post by grumbledore on Oct 16, 2015 12:30:11 GMT
My property part sales at par have dried up the last 48 hours. Are others finding the same? I guess with more on the PM than has been the case for a week or so, FC feel they need all the Autobiddies there and are not pointing them to the SM at the moment. Yesterday was about 50% of Thursday in the previous week, so yes. Mine seem to have dried up too. Although, I'm still managing one or two a day.
|
|
min
Member of DD Central
Posts: 615 
Likes: 182
|
Post by min on Oct 16, 2015 12:37:59 GMT
My property part sales at par have dried up the last 48 hours. Are others finding the same? I guess with more on the PM than has been the case for a week or so, FC feel they need all the Autobiddies there and are not pointing them to the SM at the moment. 1 today, 1 yesterday. Going back a week. 3 on 13th, 1 on 12th and 2 on 10th. No idea if Autobodge or manual.
|
|
david42
Member of DD Central
Posts: 419
Likes: 346
|
Post by david42 on Oct 16, 2015 13:02:14 GMT
My secondary market sales to Autobid users have been down since Wednesday. Now selling at only 25% of the average speed over the last month.
|
|
arbster
Member of DD Central
Posts: 810
Likes: 426
|
Post by arbster on Oct 16, 2015 13:16:45 GMT
My secondary market sales to Autobid users have been down since Wednesday. Now selling at only 25% of the average speed over the last month. It's just possible that the money people put in on payday has been exhausted by the rich picking on the SM (as some people unload their entire holdings) and increasing volume on the PM. I've not sold much so don't know how cyclic the SM is, but people like GSV3MIaC probably have detailed records of all SM sales and might be able to enlighten us. Clearly there will be other ambient factors, but there may be a discernable pattern.
|
|
SteveT
Member of DD Central
Posts: 6,875
Likes: 7,924
|
Post by SteveT on Oct 16, 2015 13:29:10 GMT
My secondary market sales to Autobid users have been down since Wednesday. Now selling at only 25% of the average speed over the last month. It's just possible that the money people put in on payday has been exhausted by the rich picking on the SM (as some people unload their entire holdings) and increasing volume on the PM. I've not sold much so don't know how cyclic the SM is, but people like GSV3MIaC probably have detailed records of all SM sales and might be able to enlighten us. Clearly there will be other ambient factors, but there may be a discernable pattern. The major driver of SM sales (at least, of property loan parts at par) is new loan activity on the PM. If there are plenty of new loan listings (and especially new property loans) then that's where the Autobiddies' money will be going. As soon as these new loans dry up, sales of SM parts pick up rapidly. My SM property part sales (all at par) can vary between 50+ per day (as recently as last week) and 1 or 2 per day. Yesterday was 8, so definitely at the lower end.
|
|
|
|
Post by GSV3MIaC on Oct 16, 2015 13:51:36 GMT
Yep, autobiddies sales down 80 or 90%; manual buyers swamped with great deals** as some folks run down and exit. I somewhat resemble that remark.
** almost tempted to turn SM Autobot on ... But no, must resist...
|
|
registerme
Member of DD Central
Posts: 6,624
Likes: 6,437
|
Post by registerme on Oct 18, 2015 14:47:34 GMT
I went from selling up to half a dozen parts a day up until the 14th, and none since.
|
|
|
|
Post by GSV3MIaC on Oct 18, 2015 16:17:59 GMT
Fatal Circumlocutions obviously have the autobuy PM/SM lever throw all the way over to the primary market side, trying (and failing) to get these big "A+" and "A" loans filled with autobiddy money. Either that or the repayment runs misfired again, which doesn't seem to be the case. I expect the cashback nuke will be deployed before long. The same 16 or so auctions have been stalled since Friday, with only the C and D showing much sign of life.
I've sold a few parts today, buy mostly at keen rates to manual buyers (i.e. at a small markup).
|
|
blender
Member of DD Central
Posts: 5,719
Likes: 4,272
|
Post by blender on Oct 18, 2015 16:31:52 GMT
Fatal Circumlocutions obviously have the autobuy PM/SM lever throw all the way over to the primary market side, trying (and failing) to get these big "A+" and "A" loans filled with autobiddy money. Either that or the repayment runs misfired again, which doesn't seem to be the case. I expect the cashback nuke will be deployed before long. The same 16 or so auctions have been stalled since Friday, with only the C and D showing much sign of life. I've sold a few parts today, buy mostly at keen rates to manual buyers (i.e. at a small markup). Just I agree that Fancy Circumcisions went home on Friday with the lever pushed hard over to the PM side. I still have a fair pile of cash waiting for a good 2%er.
|
|
|
|
Post by GSV3MIaC on Oct 18, 2015 17:26:57 GMT
Be interesting to know to what extent they 'stockpile' repayments / autobid funds against Monday's crop of new auctions.
|
|
arbster
Member of DD Central
Posts: 810
Likes: 426
|
Post by arbster on Oct 18, 2015 18:09:16 GMT
Be interesting to know to what extent they 'stockpile' repayments / autobid funds against Monday's crop of new auctions. A bit like trying to guess the SS pre-fund availability, I'd like to know what the maximum available autobid amount is - that is, if everyone who had autobid switched on had funds in their account, how much would it cover? They must know this, and must factor it in when deciding whether a loan needs CB or not, although this does seem to be a bit erratic and reactive thus far.
|
|
sl75
Posts: 2,092
Likes: 1,245
|
Post by sl75 on Oct 18, 2015 19:13:52 GMT
I've sold a few parts today, buy mostly at keen rates to manual buyers (i.e. at a small markup). Just I agree that Fancy Circumcisions went home on Friday with the lever pushed hard over to the PM side. I still have a fair pile of cash waiting for a good 2%er. Total SM sales still seem to be continuing at some pace - around £1M of loan parts traded since Wed 14th. (It's one of the stats that elljay tracks on his site at ljay.org.uk/cgi-bin/rrdfc.cgi/FC/partstradesv.htmlI've certainly been responsible for part of it, but the recent buyers seem to have been primarily taking larger loan parts, rather than the shrapnel a lot of people seem to focus on... the most recent loan part sold was in excess of £950 - the largest recent sale, but there've been plenty rather less than an order of magnitude below this.
|
|
|
|
Post by GSV3MIaC on Oct 18, 2015 21:51:21 GMT
Presumably manual buyers and not autobiddies then. 8>.
|
|
arbster
Member of DD Central
Posts: 810
Likes: 426
|
Post by arbster on Oct 19, 2015 7:54:07 GMT
I sold a few parts at premium over the weekend, but none at par, and many of those bigger loans appear to have filled up pretty well, so maybe there really is a "switch".
|
|
sl75
Posts: 2,092
Likes: 1,245
|
Post by sl75 on Oct 19, 2015 8:05:51 GMT
Presumably manual buyers and not autobiddies then. 8>. You piqued my interest... having looked through a few recent auctions on the primary market, my main recent buyer of large loan parts has also been putting £2k bids on every new auction (1 per auction), usually within a couple of hours of the auction going live. It strongly points to them being an autobid user with very deep pockets.
|
|
