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Author Topic: intrade  (Read 763 times)
ukchris82
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« on: February 20, 2008, 08:22:50 AM »



Am i gettting this right?

Obama - $79
Clinton -  $19

so if I buy 10 shares in each it'll cost me $98 and I'm guarenteed to get £100 (because one of them will get the nom) or am I totally mis-understanding this?

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TomC
TCash101
Junior Chimp
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« Reply #1 on: February 20, 2008, 08:29:19 AM »

I think so, but there are probably fees that eat up the $2.
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Erc
Junior Chimp
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Slovenia


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« Reply #2 on: February 20, 2008, 11:21:03 AM »

And considering it won't pay out until the convention, your money is probably better invested elsewhere.
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Miamiu1027
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« Reply #3 on: February 20, 2008, 12:03:08 PM »

when Al Gore is nominated you lose all your money.
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Small Business Owner of Any Repute
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« Reply #4 on: February 20, 2008, 01:40:16 PM »



Am i gettting this right?

Obama - $79
Clinton -  $19

so if I buy 10 shares in each it'll cost me $98 and I'm guarenteed to get £100 (because one of them will get the nom) or am I totally mis-understanding this?



Those are the last trades.  To get shares of Obama, you may need to bid higher than 79; to get shares of Clinton, you may need to bid higher than 19.

Intrade works a little differently from the stock market in that you only need to pay a fee to trade via a "market order."  If you place a "limit order," which basically means you have to wait around for someone to take the price you're offering, then you don't get charged a fee.  That's meant to boost liquidity.
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Miamiu1027
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« Reply #5 on: February 20, 2008, 01:41:12 PM »



Am i gettting this right?

Obama - $79
Clinton -  $19

so if I buy 10 shares in each it'll cost me $98 and I'm guarenteed to get £100 (because one of them will get the nom) or am I totally mis-understanding this?



Those are the last trades.  To get shares of Obama, you may need to bid higher than 79; to get shares of Clinton, you may need to bid higher than 19.

Intrade works a little differently from the stock market in that you only need to pay a fee to trade via a "market order."  If you place a "limit order," which basically means you have to wait around for someone to take the price you're offering, then you don't get charged a fee.  That's meant to boost liquidity.

I thought they changed it so that you only need to pay fees on profits?
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memphis
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« Reply #6 on: February 20, 2008, 01:48:41 PM »

And considering it won't pay out until the convention, your money is probably better invested elsewhere.

I don't know the first thing about intrade but try and find an investment that will double in value (100 dollars to 100 pounds) in the next few months. Maybe oil Tongue
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Small Business Owner of Any Repute
Mr. Moderate
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« Reply #7 on: February 20, 2008, 05:07:10 PM »



Am i gettting this right?

Obama - $79
Clinton -  $19

so if I buy 10 shares in each it'll cost me $98 and I'm guarenteed to get £100 (because one of them will get the nom) or am I totally mis-understanding this?



Those are the last trades.  To get shares of Obama, you may need to bid higher than 79; to get shares of Clinton, you may need to bid higher than 19.

Intrade works a little differently from the stock market in that you only need to pay a fee to trade via a "market order."  If you place a "limit order," which basically means you have to wait around for someone to take the price you're offering, then you don't get charged a fee.  That's meant to boost liquidity.

I thought they changed it so that you only need to pay fees on profits?

There is a 1% fee charged on contracts that expire "in the money."  For a contract worth $10.00, you only get $9.90.  That's in addition to any trading costs, and why some long dead contracts still trade around the 1.0 level.
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