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Politics : Right Wing Extremist Thread
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To: Rick who wrote (45897)10/17/2004 11:58:11 PM
From: Rick  Read Replies (1) of 59480
 
BUSH FUTURES BEING MANIPULATED

"There is now no question whatsoever that the Bush re-election futures contract at Tradesports.com is being manipulated. Yesterday the price of the futures were sold down from about 55 (indicating the market's estimate of a 55% probability of Bush's re-election) to 10 (indicating on a 10% probability) with a single 10,000-lot order entered by a single trader. An order that size represents twice the normal volume of an entire typical day's trading. Within moments after the order was completed, the price recovered back to the low-mid-50's.

According to sources at Tradesports, yesterday's order was entered by the same individual who has heavily sold the Bush futures three times over the past month. The first instance was on September 14, when this trader sold the futures down from the mid-60's to 49.6. The second instance was in the middle of the second presidential debate on October 8, when the futures were sold down from the high 50's to 51.5. The third instance was right after the third presidential debate on October13. As the debate began the futures were priced at 57, and by the end of the debate they had risen to 60. Then a few moments later they were beaten down to 54 in a matter of minutes.

In markets this kind of behavior is called a "speculative attack...."

"Here's a speculation of a different sort: could Soros be behind the manipulation of the Tradesports Bush futures?....

poorandstupid.com
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