robski
Member of DD Central
Posts: 772
Likes: 462
|
Post by robski on Aug 30, 2017 10:18:16 GMT
Is it the reverse though? Given that an announcement regarding a P2P loan is most unlikely to herald an upside, surely selling on the rumour (of a downside) is similar to buying a stock on the rumour of a potential upside. I suppose it depends on what you would review as an upside When i think of most of the MT announcements they are extensions or repayments Assuming you have correctly identified the risk underlying then the repayments would have to be seen as upsides Extensions could be seen as ups, depending on if you are happy to carry on lending, I particularly have the AE loans in my mind when I think of repeatedly extended that came to a conclusion I can only put yesterday down to panic, people automatically assumed bad things, probably due to the recent issues.
|
|
ali
Member of DD Central
Posts: 313
Likes: 311
|
Post by ali on Aug 30, 2017 10:25:16 GMT
Is it the reverse though? Given that an announcement regarding a P2P loan is most unlikely to herald an upside, surely selling on the rumour (of a downside) is similar to buying a stock on the rumour of a potential upside. I suppose it depends on what you would review as an upside When i think of most of the MT announcements they are extensions or repayments Assuming you have correctly identified the risk underlying then the repayments would have to be seen as upsides Extensions could be seen as ups, depending on if you are happy to carry on lending, I particularly have the AE loans in my mind when I think of repeatedly extended that came to a conclusion I can only put yesterday down to panic, people automatically assumed bad things, probably due to the recent issues. I think characterising people's actions as panic is unwarranted. I considered carefully the plausible updates that MT might be issuing, their likelihood, and how they might affect my view of the loan's value. I came to the conclusion that my view of the value had decreased, but not below par and therefore I didn't sell. It seems quite plausible to me that others might have gone through a similar exercise and reached a slightly different conclusion.
|
|
justme
Member of DD Central
Posts: 203
Likes: 89
|
Post by justme on Aug 30, 2017 10:40:48 GMT
That may be becausr p2p loan once made is not going to go up , ie get any better terms, has finite lifespan so the updates can not be positive , just vary from neutral to very negative
|
|
hazellend
Member of DD Central
Posts: 2,361
Likes: 2,179
|
Post by hazellend on Aug 30, 2017 13:52:20 GMT
Positive update. Hopefully will get back all capital and interest on this one. Seems like a desirable property.
|
|
|
Post by peerlessperil on Aug 30, 2017 14:05:18 GMT
is it me or is there a reverse of "buy on rumour sell on fact" going on here? You obviously haven't got the book... To summarise... Buy on solely based on % & term, sell at 120 days... unless it's 200... panic sell on rumour except in scenarios where you can't because it should have been 250 days (unless it is 300 days). Blindly continue to claim the system works. Under no circumstances do any DD. Which is why I sometimes feel more comfortable with platforms that have no secondary market, or only sporadic liquidity. I know that my fellow lenders are prepared to hold to maturity if necessary, and are not counting on the greater fool to come to their rescue. It also stops people using p2p as a substitute for a savings account....
|
|
johni
Member of DD Central
Posts: 366
Likes: 327
|
Post by johni on Aug 30, 2017 14:48:25 GMT
Afternoon, Will have an update on this loan later today (posted on the platform). Regards, Ed. I don't want to accuse without full data on. But there is significant amount of loan parts for sale for this loan and there has been for hours, a lot after your pre-announcement (announceement of an announcement to come). I would be VERY angry to discover that important information has leaked to "selected" customers in advance while you announced it for later..... I have seen it happening already once in MT and I am totally unhappy of this and ready to report the full data to the FCA if necessary. @hor1997 could you please explain which other loan you are referring to. The L***** S* A**** had it's last trade the previous evening prior to default.
|
|
fp
Posts: 1,008
Likes: 853
|
Post by fp on Aug 30, 2017 19:52:53 GMT
Don't start him off again..... Fish Fry Shop
|
|
Forward
Member of DD Central
Posts: 127
Likes: 59
|
Post by Forward on Aug 31, 2017 14:35:13 GMT
New update on the loan page, all good news cheers MoneyThing
|
|
ptr120
Member of DD Central
Posts: 1,199
Likes: 1,346
|
Post by ptr120 on Aug 31, 2017 14:45:31 GMT
I'll miss this little 13%er
|
|
elliotn
Member of DD Central
Posts: 3,064
Likes: 2,681
|
Post by elliotn on Aug 31, 2017 16:50:38 GMT
|
|
elliotn
Member of DD Central
Posts: 3,064
Likes: 2,681
|
Post by elliotn on Aug 31, 2017 16:56:47 GMT
I don't want to accuse without full data on. But there is significant amount of loan parts for sale for this loan and there has been for hours, a lot after your pre-announcement (announceement of an announcement to come). I would be VERY angry to discover that important information has leaked to "selected" customers in advance while you announced it for later..... I have seen it happening already once in MT and I am totally unhappy of this and ready to report the full data to the FCA if necessary. @hor1997 could you please explain which other loan you are referring to. The L***** S* A**** had it's last trade the previous evening prior to default. Yep, a rare beast indeed, a couple of mid-Aug sales and then somewhat surprisingly finished off the doubling of my holding the night before default ![:)](//storage.proboards.com/forum/images/smiley/smiley.png) .
|
|
|
Post by ladywhitenap on Aug 31, 2017 19:30:35 GMT
New update on the loan page, all good news cheers MoneyThing Slightly surprised that this news released on a Thursday talks about completing by end of the week ie Friday with the various intermediate stages of solicitors and banks involved? Memories of the effect of "solicitors in bondage" in the last week or so are still fresh. Still I'm less in need of the cash this week and next so delays at 13% will be quite welcome. LW
|
|
|
Post by elephantrosie on Sept 1, 2017 18:03:54 GMT
not repaid yet.
waiting... waiting.... waiting
|
|
|
Post by ladywhitenap on Sept 1, 2017 18:11:16 GMT
not repaid yet. waiting... waiting.... waiting I'm not surprised to be honest ER. It seemed an incredibly optimistic forecast. Even though the end of the week, depending on definition could go on to Sunday evening, solicitors and bankers won't be working then. LW
|
|
|
Post by ladywhitenap on Sept 4, 2017 12:55:50 GMT
|
|