Saturday, February 06, 2016

The Latest on my Biden Bet


"Joe Biden to win the Democratic Party's 2016 presidential nomination" is currently trading at six cents per share on PredictIt, versus the five cents per share I paid for the 100 shares I hold. So in theory I could clear out now and make a whole dollar (in theory because there are fees deducted from PredictIt withdrawals).

I've got a sell offer out there of 50 cents a share, firm. But I'm thinking about pulling that offer and waiting to cash out at the full dollar per share value when he's nominated.

Why am I bullish on the shares' prospects today? See  this Washington Post op-ed and this Reuters story.

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