Why would anyone invest in stocks while Intrade provides so much free money? (user search)
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  Why would anyone invest in stocks while Intrade provides so much free money? (search mode)
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Author Topic: Why would anyone invest in stocks while Intrade provides so much free money?  (Read 2169 times)
Beet
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« on: August 05, 2008, 05:11:10 PM »

By the way, a great strategy I used last cycle (2006) was to make bets on select GOP Senate candidates, but to hedge using a longshot bet on Democrats to win the Senate.  Even though the GOP candidates I bet on lost, the longshot paid off, and I still made plenty of money.

Implicit arbitrage.
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Beet
Atlas Star
*****
Posts: 29,018


« Reply #1 on: August 07, 2008, 03:01:18 PM »

That might work out for you Duke if Citi isn't forced into a shot gun marriage by the FDIC first. These banks are very sick.

I know, and I realize that it is a huge risk. I figure that at some point, these banks will come back around. Wacovia would've been a good buy when it got down to $7 Tongue


Citicorp in the news - again!

It's just getting that out of the way earlier than other banks, Torie. Smiley

"Citigroup is the first Wall Street firm to settle federal claims amid a probe into how banks sold auction-rate securities before the $330 billion market collapsed in February. The accord may set a precedent for negotiations with firms including UBS AG, which has been named in civil complaints by Cuomo and authorities in Massachusetts."
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