I follow Intrade, somewhat. This year I actually signed up and have an account. Something didn’t look right so I never sent money. I would have loved to pick up Romney in the 30’s but then it went to the low 20’s. At an almost 5 to 1 shot I was ready but still didn’t feel right. Romney has picked up almost 20 points in the last week. That does seem right. Me thinks someone is elling short cover the big Obama “bust”.
I don’t know how selling short would work on InTrade. I just watch it for another view of the odds on the election. Somehow their odds makers have not been correct in the races I’ve watched. They were against Scott Brown, Allan West and wrong on the Wisconsin recall of Scott Walker. I wonder where they get the money to pay off ...sports, probably.