|
|
Post by xyon100 on Dec 19, 2015 10:08:55 GMT
Well, I got a little bit in the end. Interesting theory that SS might not have wanted it sitting available overnight.
|
|
kaya
Member of DD Central
Posts: 1,150 
Likes: 718
|
Post by kaya on Dec 19, 2015 11:06:59 GMT
Surely it should be 'illegal' to buy it all up overnight, to thus earn a day's interest? What is to stop anyone doing that?
|
|
adrianc
Member of DD Central
Posts: 10,015
Likes: 5,144
|
Post by adrianc on Dec 19, 2015 11:19:53 GMT
Surely it should be 'illegal' to buy it all up overnight, to thus earn a day's interest? What is to stop anyone doing that? You'd make about £400 overnight in interest. But you'd have to be pretty damn sure that it all sold again on that following day - else you'd be buying what's left back that night to avoid losing the second day's interest. Say half went - you're now buying back £600k, to gain £200 in interest. Against that, you've got a big risk of being called in on it by SS. Try that more than once, you can wave goodbye to your account, I think.
|
|
paulg
Member of DD Central
Posts: 312
Likes: 189
|
Post by paulg on Dec 19, 2015 12:49:33 GMT
Whoever took the rest of PBL073 off, it was SS who put it back on because loan parts placed on the SM now are selling straight away.
|
|
|
|
Post by highlandtiger on Dec 19, 2015 18:24:27 GMT
73 has yet to appear on the "live loans" page, which makes me think that it has not sold out yet, and that large £1.2m taken on and off the site was done by SS themselves 73 was on the live loans an hour ago Are you sure? Just looked and it's not on the live loans page I'm looking at. Are you sure you weren't looking at your own live loan parts page  Ignore me, just read on another thread that its because if a loan has anything available on it, it doesn't appear on the live loan page.
|
|
mickj
Member of DD Central
Posts: 435
Likes: 191
|
Post by mickj on Dec 19, 2015 19:06:21 GMT
73 was on the live loans an hour ago Are you sure? Just looked and it's not on the live loans page I'm looking at. Are you sure you weren't looking at your own live loan parts page Ignore me, just read on another thread that its because if a loan has anything available on it, it doesn't appear on the live loan page. Sorry highlandtiger, when I went to bed last night there was approx 1.4mil still up for grabs on 073, this morning it was all gone with one taker seeming to take 1.2mil, the loan was listed as live. A little bit later that 1.2mil was back in the available loans page, now 900k left and shrinking slowly.
|
|
ablender
Member of DD Central
Posts: 2,204
Likes: 555
|
Post by ablender on Dec 19, 2015 20:03:19 GMT
Someone just went for the whole lot again.
|
|
ben
Posts: 2,020
Likes: 589
|
Post by ben on Dec 19, 2015 20:27:10 GMT
Would guess SS have taken it down again for whatever reason, maybe to use the interest for day to pay for the Christmas night out
|
|
ablender
Member of DD Central
Posts: 2,204
Likes: 555
|
Post by ablender on Dec 19, 2015 20:54:48 GMT
Would guess SS have taken it down again for whatever reason, maybe to use the interest for day to pay for the Christmas night out They deserve it.
|
|
|
|
Post by highlandtiger on Dec 19, 2015 21:14:24 GMT
Does this mean we'll be getting complaints about bots again, because loans are disappearing in seconds |
|
ben
Posts: 2,020
Likes: 589
|
Post by ben on Dec 19, 2015 21:22:58 GMT
Does this mean we'll be getting complaints about bots again, because loans are disappearing in seconds think everyone has got bored and moved over to MT, signed out and was actually activity on there
|
|
will
Member of DD Central
Posts: 107
Likes: 8
|
Post by will on Dec 19, 2015 21:42:37 GMT
£890,000+ just gone. Cupboard now bare again except for a bit of boat  |
|
ben
Posts: 2,020
Likes: 589
|
Post by ben on Dec 20, 2015 0:18:29 GMT
£890,000+ just gone. Cupboard now bare again except for a bit of boat well its back again
|
|
|
|
Post by highlandtiger on Dec 20, 2015 0:34:17 GMT
£890,000+ just gone. Cupboard now bare again except for a bit of boat well its back again I just hope it was SS taking it off and putting it back on again rather than a chancer called "m************3" getting to earn £287 overnight interest for doing nowt.
|
|
ablender
Member of DD Central
Posts: 2,204
Likes: 555
|
Post by ablender on Dec 20, 2015 0:53:00 GMT
I just hope it was SS taking it off and putting it back on again rather than a chancer called "m************3" getting to earn £287 overnight interest for doing nowt. Or it could be someone who can actually afford it. Picture this: Lender X buys £1m+ just before midnight and gets the interest. He has the money in the account so SS does not mind. Lender X does not intend to hold all of this loan for long (diversification can be a reason - but at the same time he needs to do something with his money). After midnight Lender X puts back the loan for sale. According to SS rules it is not earning interest, but it does not matter as no interest is calculated during the day. In the evening, lender X buys back what has not been sold and gets the interest on what is left. And the cycle goes on.
|
|
