Skip to comments.Intrade - Obama share price is collapsing (vanity)
Posted on 10/22/2012 4:29:49 PM PDT by tatown
Was just over at Intrade and noticed Obama's share price is down 5.5% at 5.81. It been a while since it was this low. I guess the European gamblers are cash in their chips.
Look at the chart- it doesn’t look low to me, quite the contrary.
Down from 78 before the first debate and down from 65 this weekend.
Mitt Romney to be elected President in 2012
Last prediction was: $4.09 / share
Today’s Change: +$0.23(+6%)
Guys, Intrade is retarded and not a reliable prognosticator of electoral outcomes this far out. Its prices largely reflect the aggregated intersubjective biasing of Leftists as well as others who probably don’t follow emergent information trends as closely as you might think.
It’s definiately falling (at 42 for romney last i saw). InTrade is everybit as much like buying stocks as it is any thing else. The reason it has taken awhile to fall in place is that many people probably bought obama shares at 80+, 70+, 60+, etc. So......those people are gambling and holding out hope that obama can make a comeback here. That it is starting to fall means those “investors” are more willing to take a loss than go down with the ship and lose their entire investment.