Are you guys annoyed that fi have increased spreads or not?
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I'm slightly annoyed because I think players would be really cheap when it all blows over but sadly with the wide spreads that won't happen.
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Relieved they have.
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I am of the opinion that if FI did not take the action they did by massively increasing the spreads, the platform could have potentially collapsed.
I would have used the opportunity to instant sell my entire portfolio and walk away from the platform until the coronavirus situation is resolved.
I am confident that several other users would have taken the same course of action.
If you need any example of how irrational human beings can become when faced with uncertainty and mass panic, go take a trip to your local Asda store and watch the carnage!!
The current spreads are essential to maintain stability.
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It's a protection mechanism and I'm glad for it. I was oversees when shit hit the fan on Thursday, and couldn't access my port until today. That was one expensive trip but it could have been far worse and the way I look at it, once this virus is out of the way, the index is stronger for it.
After all, it survived an apocalyptic plague that brought the world of football to its knees. It means we have the answer to all that "what if's" that people pose when hearing about the platform.
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Platform would be in complete meltdown if it wasn't for the spreads. Players value would be dropping like stones right left and centre and consequently peoples ports.
The top guns would be running away with their profits and smash everyone else on their way out.
It's for the greater good and longevity of the platform thats what people need to remenber.
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Defo needed doing. It might inconvenience a lot of people, but it's for the greater good. Ironically thats the exact opposite of the governments response to coronavirus.
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This couldn't be more appropriate
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I’m happy they have as it protects the cash I have on here (and them), but it’s frustrating I can’t really trade.
I understand why some are unhappy and whilst I know some of the bigger ports would reinvent I could see a lot taking their cash out which puts mine further at risk.
Having to treat FI like a saving account currently and just reinvest the interest I get (divs).
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I think you guys are spot on. A collapse is only good for new traders and not for us. There will still be bargains about and our ports won't take much of a hit. Very impressive from fi. They know how to protect there baby and us at the same time.
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@Tom7471 they have had a bit of practice now but definately impressive management. How about a couple of IPO's now FI so we don't get carried away?
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On balance i think they made the right decision.
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@MrWh1te shit has hit fan and all left thinking over soon r idoots
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@NewUser195126 been drinking?
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Hopefully larger spreads will encourage more responsible trading - i.e. only buy what you know you can sell to another trader via the sell queue.
I’d like to see a reduction in the short term speculators and pump and dumpers that reduce the attractiveness of the Index.
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@ocs123 said in Are you guys annoyed that fi have increased spreads or not?:
Hopefully larger spreads will encourage more responsible trading - i.e. only buy what you know you can sell to another trader via the sell queue.
I’d like to see a reduction in the short term speculators and pump and dumpers that reduce the attractiveness of the Index.
hear! hear!
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@Paco Great Article
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@Karl Thanks! hope it helps
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@Tom7471 I think it’s saving them. I would’ve instant sold the lot for 10% or less.
I did IS about 20% that I thought were looking especially bleak before they widened the spreads.
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I guess the only bad thing about them widening the spread is we have no idea as to how long the sell queue is. Before we could roughly judge how long via the spread but now we have no idea with the daily fluctuations going up and down so much.
Hard to tell if it’s someone delisting/IS unless you constantly watch the ticker (which I don’t have time for)
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if bruno has dropped 25 p there are a lot of shares on the sell queue
