Post by r00lish67 on Nov 16, 2016 12:53:04 GMT
Anyone who dabbles in the FC secondary market for any time will probably have noticed that on occasion their loan parts are purchased in moments by the b*****s bot. What's odd to me about the bot is that it often makes quite poor purchases well below market value. For example, the current going rate for 21874 is at a 0.8% premium. I listed a few parts at 0.9%, which were immediately bought by the bot. I then successfully sold up to a 1.3% premium to the same bot before it then 'realised' and stopped buying. It will also often happily buy loans that have been troubled for some time at decent premiums. It does occasionally seem to make reasonable buys for long term holds, but more often than not just buys my sub-par premium enhanced loans very quickly.
Given the occasional references I've seen about it on this forum, it clearly buys on a pretty huge scale - it must have bought thousands just off me in the last year or so. So what type of person/organisation has constructed such a greedy but basically crappy (it seems) bot ? Or are they seeing something that we don't see, whereby somehow buying below the market value of currently listed parts is a good idea for some unfathomable reason?
Conspiracy theories welcome.
Given the occasional references I've seen about it on this forum, it clearly buys on a pretty huge scale - it must have bought thousands just off me in the last year or so. So what type of person/organisation has constructed such a greedy but basically crappy (it seems) bot ? Or are they seeing something that we don't see, whereby somehow buying below the market value of currently listed parts is a good idea for some unfathomable reason?
Conspiracy theories welcome.
