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Post by geraldine1210 on Jun 3, 2016 17:08:02 GMT
I wonder how many investors were regularly 'guilty' of investing without funds, then selling immediately the next day to collar the 'free' interest.
The email said some investors. I wonder if it was closer to most investors.
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ben
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Post by ben on Jun 3, 2016 17:12:39 GMT
I wonder how many investors were regularly 'guilty' of investing without funds, then selling immediately the next day to collar the 'free' interest. The email said some investors. I wonder if it was closer to most investors. I think a lot of people asked for more then they wanted although I think the majority were just trying to get what they actually wanted. Actually gaming it I doubt to many were that guilty of it.
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Post by geraldine1210 on Jun 3, 2016 17:30:19 GMT
I'm not referring to the gamble on the allocation of new shares.
I mean buying on the SM without funds and immediately selling after midnight to obtain a day's extra interest.
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ben
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Post by ben on Jun 3, 2016 17:34:06 GMT
Quite a few I would think as well as buying between different accounts and not paying full amount.
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SteveT
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Post by SteveT on Jun 3, 2016 17:44:01 GMT
I never did so, mainly because:
a) I've bought nothing on the SM for at least 6 months. Pre-funding works well to keep me fully invested and allows me to "refresh" my holdings regularly. I managed to sell about 15-20 parts in minutes after this afternoon's launches, all from my iPhone whilst walking the beach (server problems? what server problems?!)
b) It never seemed worth the effort for such a tiny return (33p per £1000).
c) I usually can't be bothered to stay awake as late as midnight!
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Liz
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Post by Liz on Jun 3, 2016 17:54:19 GMT
I'm not referring to the gamble on the allocation of new shares. I mean buying on the SM without funds and immediately selling after midnight to obtain a day's extra interest. You can't sell the loan part within the first 7 days, if you have a negative balance.
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Post by amber on Jun 3, 2016 18:02:53 GMT
I wonder how many investors were regularly 'guilty' of investing without funds, then selling immediately the next day to collar the 'free' interest. The email said some investors. I wonder if it was closer to most investors. Why only hold it just for a day: hold it for 3 days, sell, wait a day, rinse and repeat with other loan parts? Is this possible.
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ben
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Post by ben on Jun 3, 2016 18:08:17 GMT
A lot of people obviously thought it was worth the effort but I could never be bothered either I guess if you did ti for £10,000 kept it for two days was £6.60 for nothing.
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sam i am
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Post by sam i am on Jun 3, 2016 21:37:21 GMT
I never did so, mainly because: b) It never seemed worth the effort for such a tiny return (33p per £1000). But if it was over the weekend (Fri-Mon) it would be £1 per £1000. And say you were a reasonably BH who had a negative fund of £40k (just to pick a number at random you understand) then maybe it would be tempting. And if Savingstream had slightly annoyed you with a website that had fallen over multiple times that day, it might be even more tempting. Just saying.
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Post by harvey on Jun 3, 2016 22:26:00 GMT
I wonder how many investors were regularly 'guilty' of investing without funds, then selling immediately the next day to collar the 'free' interest. The email said some investors. I wonder if it was closer to most investors. I never did that I always play with a straight bat and I'm the sort of guy who wouldn't want to go to bed at night knowing I owed money to anyone. I always like to complete my business by the end of the day and then I can rest easy knowing that if the worst comes to the worst and I am bed ridden the next day I haven't got any pressure in that respect. If you work out the numbers on one days interest it usually comes to pence or a few pounds nothing life changing and I wouldn't want to leave any open ends for the benefit of a few pence or a few pounds. That said I get the impression there are some greedy people out there who would sell their grandmother for 50p.
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Post by earthbound on Jun 3, 2016 22:34:26 GMT
I wonder how many investors were regularly 'guilty' of investing without funds, then selling immediately the next day to collar the 'free' interest. The email said some investors. I wonder if it was closer to most investors. this was a point i made a few times, it was happening . and regularly, when i watched the SM around midnight there were at least 3 that were gaming for free interest, SS hopefully have now put a stop to it with the 7 day hold,  ps.. i tried a couple of times to prime the captcha and nick it, but they were too quick.  
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sam i am
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Post by sam i am on Jun 3, 2016 22:52:05 GMT
That said I get the impression there are some greedy people out there who would sell their grandmother for 50p. The only reason you didn't sell your grandmother is because mine was available at a lower price.
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Post by earthbound on Jun 3, 2016 22:57:26 GMT
That said I get the impression there are some greedy people out there who would sell their grandmother for 50p. The only reason you didn't sell your grandmother is because mine was available at a lower price. ha.. mine was free... oh no...sorry that was the mother in law. 
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sam i am
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Post by sam i am on Jun 3, 2016 23:08:33 GMT
The only reason you didn't sell your grandmother is because mine was available at a lower price. ha.. mine was free... oh no...sorry that was the mother in law. You got rid of yours for free? Lucky sod.
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Post by earthbound on Jun 4, 2016 9:09:14 GMT
I did try other ways. the pharmacist told me , 'In order to buy arsenic you need a legal prescription. A picture of your mother-in-law just isn't enough.' Les Dawson RIP |
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