[lbo-talk] Markets and the tooth fairy

[Brad DeLong]

Currently on tradesports.com, their "Poindexter August 03" contract 
(which pays 100 if Poindexter still has his job on August 31 at 11:59 
PM EDT, and 0 if Poindexter has decided to spend more time with his 
family) has hte following order book:

Bid-- 18 contracts @ 9, 10 contracts @ 1

Ask-- 1 contract @ 99, 3 contracts @ 93, 1 contract @ 69, 2 contracts 
@ 62, and 100 contracts @ 20.

There is thus considerable resistance to the Poindexter contract 
breaking upward of 20...

Brad DeLong