Hey Tradedef, are you still holding on? That March contract on Saddam got killed more then the mkt. I guess these last few days will be very volatile. Every little rumor will send it up and down. Might be worth it to put an offer out there just in case someone lifts it.
well the Mar contract will expire at 0. the bid is - where's the guy who bought all the way up. i wanna hear how he did i thinnk he said he's going for the end result...
That would be me! Unfortunately I don't have a screen shot to post, but I pretty much got out any where I could over the course of about four days as it tanked. I really had no bids of any size to hit so I just got out of what I could. I actually ended up losing a little money, which is alright, I actually felt fortunate to be able to get out of what I did........I hadn't counted on being able to get out of any as I really intended to just bet on the outcome (until different events started popping up.....sandstorm, etc.). I've had better and worse........on to the next trade!!!
"They don't really trade the way we're used to seeing things trade. They are frequently over or under valued. " Thats the real opportunity here. Also there is no such thing as insider trading.
FOG OF WAR GUIDELINES FOR CONTRACTS******************* *If Coalition Forces surround Baghdad and Iraqi Authorities are still reporting Saddam Hussein is in control of Iraq then the contract will expire at 0 *If Coalition Forces control the streets of Baghdad and have removed all Iraqi Government authority (i.e. Iraqi Television) and are searching for Saddam in a bunker than the contract expires at 100. *If Coalition Forces are engaged in street to street fighting in Baghdad and have not contained Iraqi Troops then the contract expires at 0. *If the Top Generals in the Iraqi military publicly surrender to Coalition Authorities, thereby cutting off Saddam Husseins power, then the contract expires at 100 *If Saddam Hussein goes into hiding and starts a guerrilla war to try take Baghdad and Iraq, he is no longer leader of Iraq. The contract will expire at 100.
getting it done in march was a bit unrealistic, i mean sadam DOES have a military. April looks like a much better bet, I might take some of that action if I can get under 50.
but there is rarely much size at the inside quote. I don't think they get that much square action, and that it's mostly sharps putting up bids/offers. As for trading after the games start- I think whoever's got the fastest connection probably wins. I wouldn't doubt it if follks in the UK (who get faster r/t pings to Tradesports) probably clean up. For those of you who don't know me, I've been lurking here for months and just now registered to post. My background is in gambling, but I hope to get into trading once my other opportunities go away. Traveler
Hey, I had this idea: At tradesports you can bet on for instance saddam's removal, in a scale of 0-100. What if you could bet on a stock's closing price for the month (as stated by nbbo), on a scale from 0 cent untill 100000 cents. in the same model as tradesport.com's, eg. person to person, no professionals allowed. the price of this bet would follow the real stock's price closely of course, as with futures. If you could open an account at a professional, safe, user friendly website providing this, by simply charging your creditcard, would you do it and would you trade there? Greetings, Bach
Some of the bookmakers in the UK offer betting on stocks and indices. There are also some financials on Tradesports. Problem with most is you can't do size. And with the bookmakers you've got credit risk to deal with. Traveler
i'm not doing this, but... there are 153 contracts on the saddam april at 97. the rules state: *If Coalition Forces control the streets of Baghdad and have removed all Iraqi Government authority (i.e. Iraqi Television) and are searching for Saddam in a bunker than the contract expires at 100. that sounds to me like the current situation...