Author Topic: Whale come in last night at picking up D grades and below?  (Read 4359 times)

lascott

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Saw this in the BV interface this morning and don't recall the oddity before.  But then again I haven't been around to see how daily cycles of things go throughout the month.  See attachment below whale picture.

« Last Edit: May 03, 2014, 07:28:46 PM by lascott »
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BlueVestment

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Re: Whale come in last night at picking up D grades and below?
« Reply #1 on: May 03, 2014, 10:16:51 AM »
When I see stuff like this, it scares me. It makes me really nervous to see just large dumps of capital used to suck up all available loans. It almost reeks of having no strategy. Now, you can argue that entities with this level of capital to dump most likely do have a strategy but I'm honestly not so sure. They could just be buying up all the loans of a certain range because they are looking for a simple return with low volatility.

lascott

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Re: Whale come in last night at picking up D grades and below?
« Reply #2 on: June 01, 2014, 09:07:35 AM »
Another large feeding. 1st of month activity?

« Last Edit: June 01, 2014, 09:09:10 AM by lascott »
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rawraw

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Re: Whale come in last night at picking up D grades and below?
« Reply #3 on: June 01, 2014, 07:27:55 PM »
When I see stuff like this, it scares me. It makes me really nervous to see just large dumps of capital used to suck up all available loans. It almost reeks of having no strategy. Now, you can argue that entities with this level of capital to dump most likely do have a strategy but I'm honestly not so sure. They could just be buying up all the loans of a certain range because they are looking for a simple return with low volatility.
In finance, people always get greedy.  I've always said this is the biggest risk to P2P.  People are going to ignore the risks because they haven't manifested, it blows up and gets regulated out of existence.

Randawl

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Re: Whale come in last night at picking up D grades and below?
« Reply #4 on: June 01, 2014, 07:40:10 PM »
When I see stuff like this, it scares me. It makes me really nervous to see just large dumps of capital used to suck up all available loans. It almost reeks of having no strategy. Now, you can argue that entities with this level of capital to dump most likely do have a strategy but I'm honestly not so sure. They could just be buying up all the loans of a certain range because they are looking for a simple return with low volatility.
In finance, people always get greedy.  I've always said this is the biggest risk to P2P. People are going to ignore the risks because they haven't manifested, it blows up and gets regulated out of existence.

Indeed.  That pretty much describes many financial "instruments" over the years, heh.

lascott

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Re: Whale come in last night at picking up D grades and below?
« Reply #5 on: June 01, 2014, 11:55:56 PM »
When I see stuff like this, it scares me. It makes me really nervous to see just large dumps of capital used to suck up all available loans. It almost reeks of having no strategy. Now, you can argue that entities with this level of capital to dump most likely do have a strategy but I'm honestly not so sure. They could just be buying up all the loans of a certain range because they are looking for a simple return with low volatility.
In finance, people always get greedy.  I've always said this is the biggest risk to P2P.  People are going to ignore the risks because they haven't manifested, it blows up and gets regulated out of existence.
I signed up for another Lending Club account and there was a new document ... or at least I don't remember signing one a few months back.  As I read the below "greedy" people would not be able to stay "greedy".

Supplement to Investor Agreement
Quote
Limitation on Amount of Notes Purchased. In an effort to ensure that as many
investors as possible have the opportunity to purchase Notes through the site, we may, in our sole and
absolute discretion, impose a limit on the aggregate amount of Notes that you may purchase in a given
time period (a “Purchase Limitation”).  If we impose such a limit, we will provide you ten days’ prior
notice, informing you of the total aggregate dollar limit of Notes that you may purchase during the
period.  However, we will allow you to fully invest all funds that were in your Account as of the date you
were notified of the implementation of the Purchase Limitation.  The Purchase Limitation will go into
effect on the eleventh day following the notice, and will apply going forward until we provide you notice
that the Purchase Limitation has been modified or lifted.  From and after the date that you are notified
that a Purchase Limitation has been imposed until the date such Purchase Limitation is modified or
lifted, you will not be permitted to add funds to your account sufficient to make purchases in excess of
the Purchase Limitation without our prior approval, which approval may be withheld in our sole and
absolute discretion.
« Last Edit: June 02, 2014, 01:52:07 AM by lascott »
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core

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Re: Whale come in last night at picking up D grades and below?
« Reply #6 on: June 02, 2014, 12:10:34 AM »
Quote
As I read the below "greedy" people would not be able to stay "greedy".

Zachary, is calling a group of people "greedy" a personal attack?  "personally attacks any person or group." was your off-the-cuff PM.  Looks to me that this qualifies.  Is that any less of an "attack" than me saying that Mr. Mc2CoolForSchool needs to get conned out of some money or worse? 

lascott

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Re: Whale come in last night at picking up D grades and below?
« Reply #7 on: June 02, 2014, 01:01:30 AM »
Quote
As I read the below "greedy" people would not be able to stay "greedy".
Zachary, is calling a group of people "greedy" a personal attack?  "personally attacks any person or group." was your off-the-cuff PM.  Looks to me that this qualifies.  Is that any less of an "attack" than me saying that Mr. Mc2CoolForSchool needs to get conned out of some money or worse?
Your comments make no sense to me.  My thread is about a lot of notes being taken up in short period of time by one or a small number of investors.  It appears the LC supplemental document is to limit this so many notes are available for many investors.
« Last Edit: June 02, 2014, 01:45:47 AM by lascott »
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