boble
Posts: 150
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Post by boble on May 22, 2016 14:07:36 GMT
Why so many £0.01 in the SM? I don't get it.
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on May 22, 2016 14:10:13 GMT
Why so many £0.01 in the SM? I don't get it. Probably somebody tidying up or (more likely) somebody is refining their BOT...
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boble
Posts: 150
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Post by boble on May 22, 2016 14:26:02 GMT
Why so many £0.01 in the SM? I don't get it. Probably somebody tidying up or (more likely) somebody is refining their BOT... I very much doubt it is tidying up. I think more likely somebody's idea of a joke or very frustrated with the SM. Having discussed the BOT question with Tim at length recently, I also doubt it is this. I suggested several possible ways that some investors may have found ways of gaining a small time advantage on the SM; however, he was able to say that he has spent at lot of time trying to prove this. As administrators of the software behind the platform, SS are able to go very deep into the data, and from this they cannot find any evidence of particular investors buying heavily and consistently.
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cooling_dude
Bye Bye's for the PPI
Posts: 2,853
Likes: 4,298
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Post by cooling_dude on May 22, 2016 14:34:27 GMT
Probably somebody tidying up or (more likely) somebody is refining their BOT... I very much doubt it is tidying up. I think more likely somebody's idea of a joke or very frustrated with the SM. Having discussed the BOT question with Tim at length recently, I also doubt it is this. I suggested several possible ways that some investors may have found ways of gaining a small time advantage on the SM; however, he was able to say that he has spent at lot of time trying to prove this. As administrators of the software behind the platform, SS are able to go very deep into the data, and from this they cannot find any evidence of particular investors buying heavily and consistently. Maybe not considered a BOT but I'm sure many investors use macros, and without waiting for the SM to become less liquid the ONLY way they can test thier macros is via selling & buying 0.01 loan parts; that way they aren't risking alot by testing and know it's unlikely anybody else will snatch it.
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Liz
Member of DD Central
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Post by Liz on May 22, 2016 14:39:43 GMT
I have sold 1p so I can solve recaptcha, in preparation for selling between accounts.
Edit: I also think new members buy and sell pennies, just to test buying and selling on the SM.
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boble
Posts: 150
Likes: 65
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Post by boble on May 22, 2016 17:20:50 GMT
OK. I have looked at the above thread and now understand this particular point to a degree. There are, however, two questions it raises for me: - Why don't I see the later sale (perhaps I do and its not notable)?
- Why transfer from one account to another?
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Post by brianac on May 22, 2016 17:31:11 GMT
OK. I have looked at the above thread and now understand this particular point to a degree. There are, however, two questions it raises for me: - Why don't I see the later sale (perhaps I do and its not notable)?
- Why transfer from one account to another?
Your page doesn't actually refresh neccesarily at the same time as stuff becomes available, (unless you have an addon that constantly refreshes the page for you, - but they can get you into trouble) sometimes the bits come and go between your browsers refreshes so you don't actually see them - they can do it very fast if it's all tee'd up. As for why, there's a lot of conjecture on that, considered opinion is people trying to "game" the system. sometimes I suspect people will genuinely want to transfer stuff between, say for example, husband and wifes accounts, to balance out holdings or whatever. HTH Brian
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boble
Posts: 150
Likes: 65
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Post by boble on May 22, 2016 17:44:21 GMT
OK. I have looked at the above thread and now understand this particular point to a degree. There are, however, two questions it raises for me: - Why don't I see the later sale (perhaps I do and its not notable)?
- Why transfer from one account to another?
Your page doesn't actually refresh neccesarily at the same time as stuff becomes available, (unless you have an addon that constantly refreshes the page for you, - but they can get you into trouble) sometimes the bits come and go between your browsers refreshes so you don't actually see them - they can do it very fast if it's all tee'd up. As for why, there's a lot of conjecture on that, considered opinion is people trying to "game" the system. sometimes I suspect people will genuinely want to transfer stuff between, say for example, husband and wifes accounts, to balance out holdings or whatever. HTH Brian Thank you Brain; that is helpful. I can see the gaming advantage for those here for that.
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Post by buttchopf23 on May 22, 2016 18:39:29 GMT
@cd what is the difference between a bot and a macro
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cooling_dude
Bye Bye's for the PPI
Posts: 2,853
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Post by cooling_dude on May 22, 2016 18:53:25 GMT
@cd what is the difference between a bot and a macro A macro just records a sequence of events, and then you can play it back when you want. A "BOT" is a far more complex creature.
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Post by GSV3MIaC on May 22, 2016 19:30:49 GMT
Yep a macro just repeats some chain of keystrokes (possibly with one or two adjustable inputs), whereas a 'proper' bot will collect as much available information as it thinks it needs, probably including some stuff from 'outside' (i.e. private stash of information, not visible to other users, such as how much you hold, how much you want, what is the minimum/maximum size you are willing to buy, how much exposure you have to other loans to the same borrower, whether it's raining .. practically anything! and then decide whether to bid/buy, fill in the form, and submit it. On a fast line and a modern PC you can do all that in milliseconds, and kick back a response before 'liveware' has even had a chance to read all the words. You =can= even build a bot to look at pictures, read words, listen to .mp3 files, and fill in captcha forms, but that sort of AI comes expensive, and there is not really enough at stake when buying on the SS SM to make the investment viable, except 'for fun' maybe - i.e. can you develop AI which is smarter than the one Google is using to try to trap you.
The FC bots had got pretty smart before 'auction bidding' went away - able to predict at what rate bids would come in through an auction, what the final marginal interest rate would be, and when therefore it was best to leap in and buy. Sadly they never did get very good at predicting exactly which borrowers were going to go mammaries skyward before they had repaid their loans .. 'real stupidity' beats 'artificial intelligence' every time. 8>.
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Post by brianac on May 22, 2016 20:12:22 GMT
<Snippity> Sadly they never did get very good at predicting exactly which borrowers were going to go mammaries skyward before they had repaid their loans .. 'real stupidity' beats 'artificial intelligence' every time. 8>. ROFL That bit hit my funnybone <square on> :-) Brian
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Post by buttchopf23 on May 23, 2016 6:02:17 GMT
@cd & GSV3MIaC: thanks for the explanations
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