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Weird Intrade Swing (Original Post) RagAss Oct 2012 OP
Someone is buying shares in Rmoney ProudToBeBlueInRhody Oct 2012 #1
Wild swings...Changing every 10 minutes. RagAss Oct 2012 #2
Time to Buy Obama! AleksS Oct 2012 #10
I would buy too, if I knew how it worked. RagAss Oct 2012 #14
If They Called it Betting, It Would Contravene the Gambling Laws, But AndyTiedye Oct 2012 #29
The bookie has to balance the betting money he recieves deaniac21 Oct 2012 #3
no bookie. It's a trading market. Try again. HERVEPA Oct 2012 #30
And the difference is .....what deaniac21 Oct 2012 #31
There is no bookie trying to balance odds. HERVEPA Oct 2012 #32
Lots of threads about this....One person bought everything up, driving O's shares down. nt Laura PourMeADrink Oct 2012 #4
It was a single rogue trader who invested $18,000 Canuckistanian Oct 2012 #5
It's ahppening again RomneyLies Oct 2012 #7
They saw it having an effect Canuckistanian Oct 2012 #28
That was at 10am this morning when Romney spiked to 48 for 10 minutes. After that kelly1mm Oct 2012 #15
Yep, GOP manipulating the Intrade market RomneyLies Oct 2012 #16
Looks like Adelson is gaming Intrade again. n/t RomneyLies Oct 2012 #6
gop plumping up rmoneys numbers MFM008 Oct 2012 #8
Let them waste their money. nt Barack_America Oct 2012 #9
LOL: These Fascists Will Stop at Nothing DarthDem Oct 2012 #11
Damn I wish I had some money to take advantage of it. grantcart Oct 2012 #12
+1 Hutzpa Oct 2012 #27
Ok Ohio voters for Romney, you don't to vote because it's in the bag for Mitt!!! cherish44 Oct 2012 #13
If there is one "poll" that can be swayed by Citizens United money it is that one. JaneyVee Oct 2012 #17
Pure manipulation tman Oct 2012 #18
Here's A Link To Off Shore Betting Sites That Are Presumably More Liquid DemocratSinceBirth Oct 2012 #19
Yup....The GOP is destroying Intrade's predictor credibility. RagAss Oct 2012 #20
Beside That They Are So Much Better At Emotional Warfare Than Us And It's A F----in Shame/nt DemocratSinceBirth Oct 2012 #23
Exactly what they are doing.... Old and In the Way Oct 2012 #24
Someone bought 18k in one fell swoop in the past day or so... progressivebydesign Oct 2012 #21
5,000 Quatloos on the Earthling slackmaster Oct 2012 #22
Classic "Pump and Dump" NT Pilotguy Oct 2012 #25
Manipulation!! The Republicans are desperate! CoffeeCat Oct 2012 #26

AleksS

(1,665 posts)
10. Time to Buy Obama!
Tue Oct 23, 2012, 10:33 PM
Oct 2012

Time to buy the O!

Yeah, the wild swings are a combination of two things:

1) Wealthy Romney backers buying up "shares" to prop up Rmoney's fabricated momentum narrative,
and
2) Everyone else realizing this is a great way to redistribute some wealth away from the Rmoney backers by buying O, O, O, for low, low, low.

I may just do some investing myself. If it drops to 50, I will. Seriously, if anyone thinks this election is really a toss-up, they're drinking the Fox-ade little too hard.

AndyTiedye

(23,500 posts)
29. If They Called it Betting, It Would Contravene the Gambling Laws, But
Tue Oct 23, 2012, 11:14 PM
Oct 2012

since they call it a "market", it's just like all those derivatives they sell on Wall Street, so it's OK.

 

HERVEPA

(6,107 posts)
32. There is no bookie trying to balance odds.
Fri Oct 26, 2012, 10:54 AM
Oct 2012

Intrade doesn't care about the odds. They can't lose money on your bets. They take $4.95 a month and that's it. Your betting against other traders, and they pay you off.

If a bookie sets bad odds and people bet on the favorable side and win, the bookie takes a bath.

Canuckistanian

(42,290 posts)
5. It was a single rogue trader who invested $18,000
Tue Oct 23, 2012, 10:31 PM
Oct 2012

And the net result was several minutes of chaos on Intrade.

Several posts here about it.

Canuckistanian

(42,290 posts)
28. They saw it having an effect
Tue Oct 23, 2012, 11:08 PM
Oct 2012

And knowing how people in the know watch Intrade, they're gaming the market.

And considering how many $millions are being spent this election cycle, the amount spent here is a good bargain, PR-wise.

Intrade is now a poisoned well until election day.

kelly1mm

(4,735 posts)
15. That was at 10am this morning when Romney spiked to 48 for 10 minutes. After that
Tue Oct 23, 2012, 10:37 PM
Oct 2012

he fell back to 42ish. Since then he has been creeping up, hitting 48 again twice in the last hour and is pretty steady at about 45-46. Could be more R buying to move the numbers. Looks like a good time to invest if you have the money.

 

RomneyLies

(3,333 posts)
16. Yep, GOP manipulating the Intrade market
Tue Oct 23, 2012, 10:39 PM
Oct 2012

Propping up the Romentum.

I've been watching it. Every time it dips below 53 it goes back up again.

MFM008

(19,820 posts)
8. gop plumping up rmoneys numbers
Tue Oct 23, 2012, 10:33 PM
Oct 2012

simple, a concerted effort to make it look like mittzy has momentum. Last night Obamas numbers were very high, now someone/s dragging them down. Means nothing since its artificial.

DarthDem

(5,256 posts)
11. LOL: These Fascists Will Stop at Nothing
Tue Oct 23, 2012, 10:34 PM
Oct 2012

Sadly for them, even the lazier-than-imaginable MSM has finally started to dope out that the polls (particularly the Gloppers and all of the even more naked RW shills like Gravismussen) are merely narrative-drivers that don't reflect the true state of the race.

So now it's time to go try to manipulate Intrade, again just for the sake of narrative-driving.

Awesome.

cherish44

(2,566 posts)
13. Ok Ohio voters for Romney, you don't to vote because it's in the bag for Mitt!!!
Tue Oct 23, 2012, 10:36 PM
Oct 2012

Stay home and save yourself some gas money and time waiting in line. Sounds good to me!

Old and In the Way

(37,540 posts)
24. Exactly what they are doing....
Tue Oct 23, 2012, 10:56 PM
Oct 2012

keeping Intrade artificially for Romney will be used as an example of Mitt's sudden popularity. Cheap campaign investment in that context.

progressivebydesign

(19,458 posts)
21. Someone bought 18k in one fell swoop in the past day or so...
Tue Oct 23, 2012, 10:49 PM
Oct 2012

Please remember it is NOT a real poll. It has no bearing on things, because assbites like the Koch Bros could drop 50k on that and it'd be like losing a dollar in your couch cushions.

CoffeeCat

(24,411 posts)
26. Manipulation!! The Republicans are desperate!
Tue Oct 23, 2012, 10:59 PM
Oct 2012

This trade was executed to give the appearance of a Rombey rise. LOL!



Nothing could be further from the truth.

Did you see the latest polls about the last debate? Devastating for republicans.

They're trying to create the illusion of Romney interest. They have to contrive excitement, because they are losing.

Great news for all Dems! When you behave like desperate, panicked rats--it just gets the Dems more excited about the race! Republican internal polls must be in the toilet!

Can't wait to see the next Republican PR trick!

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