Author Topic: Lending Club Sells Out of Loans  (Read 23204 times)

Zach

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Re: Lending Club Sells Out of Loans
« Reply #15 on: August 23, 2013, 11:19:59 PM »
Geeze, that retina display resolution really shows on a screenshot. Sorry about that.

What's to apologize for?

brycemason

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Re: Lending Club Sells Out of Loans
« Reply #16 on: August 23, 2013, 11:21:01 PM »
It's just huge. I should have rescaled it.

core

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Re: Lending Club Sells Out of Loans
« Reply #17 on: August 23, 2013, 11:22:33 PM »
And what's a "Troop Strategy Meeting"?  You in the armed forces or just have a boss that likes to be corny?

Peter

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Re: Lending Club Sells Out of Loans
« Reply #18 on: August 23, 2013, 11:23:04 PM »
This thread was started an hour ago when there was 8 loans left. This one will be gone within the hour but it is slowing down.

Looks like the 6pm new load add didn't run or something weird happened. When I checked on Nickel Steamroller it looked like four loans were added. Is that what you saw Bryce?
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415ab

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Re: Lending Club Sells Out of Loans
« Reply #19 on: August 23, 2013, 11:24:06 PM »
At 6:02 and some seconds, about 100 loans loaded.  They were gone in 5 minutes.

Zach

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Re: Lending Club Sells Out of Loans
« Reply #20 on: August 23, 2013, 11:25:10 PM »
It's just huge. I should have rescaled it.

Oh..I thought for a minute that you were apologizing for the crystal-clear, HD-like quality :)

That's not a problem.

brycemason

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Re: Lending Club Sells Out of Loans
« Reply #21 on: August 23, 2013, 11:26:23 PM »
And what's a "Troop Strategy Meeting"?  You in the armed forces or just have a boss that likes to be corny?

I volunteer for the Boy Scouts.

Peter

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Re: Lending Club Sells Out of Loans
« Reply #22 on: August 23, 2013, 11:27:32 PM »
At 6:02 and some seconds, about 100 loans loaded.  They were gone in 5 minutes.

Wow. Then things have changed even more in the last seven days. The large boys are taking anything now....
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DanB

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Re: Lending Club Sells Out of Loans
« Reply #23 on: August 23, 2013, 11:30:57 PM »
How much left of that 1 note?

Dan, better get a camera crew out to that sheep venture.  Might be your only chance to make some money now given the extreme difficulty of finding notes.

Hey just remember that Peter sees the primary function/mandate of this forum as "educational". Therefore this period of extreme difficulty & famine affords you the perfect opportunity to "educate" us on how you're making those extraordinary returns on your signature line.  I've been told that I'm an excellent student & I am ready to learn!  :)

brycemason

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Re: Lending Club Sells Out of Loans
« Reply #24 on: August 23, 2013, 11:31:52 PM »
Looks like the 6pm new load add didn't run or something weird happened. When I checked on Nickel Steamroller it looked like four loans were added. Is that what you saw Bryce?

A look into the workshop!

Logging into LendingClub.com ...
Loans on platform:
[Fri Aug 23 17:58:04 PDT 2013]: 40
[Fri Aug 23 17:59:16 PDT 2013]: 44
[Fri Aug 23 18:00:05 PDT 2013]: 45
[Fri Aug 23 18:00:40 PDT 2013]: 41
[Fri Aug 23 18:01:43 PDT 2013]: 40
[Fri Aug 23 18:02:25 PDT 2013]: 146
Downloading notes ...
Backing up and time-stamping original browseNotes file ...

core

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Re: Lending Club Sells Out of Loans
« Reply #25 on: August 23, 2013, 11:32:39 PM »
Wow. Then things have changed even more in the last seven days. The large boys are taking anything now....

Large boys will even eat brussels sprouts when the Doritos are gone.  Then when there's no more food they may lose a few pounds.  That's not necessarily a bad thing.

Hey just remember that Peter sees the primary function/mandate of this forum as "educational". Therefore this period of extreme difficulty & famine affords you the perfect opportunity to "educate" us on how you're making those extraordinary returns on your signature line.  I've been told that I'm an excellent student & I am ready to learn!  :)

Buy low, sell high. 

And that's no joke!

Ran

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Re: Lending Club Sells Out of Loans
« Reply #26 on: August 23, 2013, 11:34:55 PM »
I guess small investors have reached to a point when they are going to buy any loan they would find. Do not know when reality will hit those guys.

Peter

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Re: Lending Club Sells Out of Loans
« Reply #27 on: August 23, 2013, 11:38:57 PM »
Thanks for the confirmation Bryce. NSR updates their volume numbers every five minutes so they were pretty much all gobbled up within that time frame. Truly extraordinary times right now at LC.
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Zach

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Re: Lending Club Sells Out of Loans
« Reply #28 on: August 23, 2013, 11:43:06 PM »
Looks like we're back up to 2 loans. Someone must have been holding a $250 fraction of this second one and it must have just been release/expired.

Joleran

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Re: Lending Club Sells Out of Loans
« Reply #29 on: August 23, 2013, 11:46:17 PM »
It was a $500 fraction and it's been getting chipped away at fairly quickly.  At this point, we will either have 1 or 0 loans at the next release. 

Could this be the new normal in the short term, where loans post, they're eaten up, and then LC has nothing to show people?  It seems if that happens with any degree of regularity they're almost going to have to make some sort of adjustment just so new people to the site don't think it's broken.