Palin selling off a bit on Intrade

[TheWebHead]

97.2 -1.3

It's more of an arbitrage situation... You'd think 4 days to settle it would hold or move up as the days pass, but I'm guessing there's some nervousness about Grandma-gate.

[BlooInBloo]

1. Describe *in detail* the risk-free profit opportunity please?

[TheWebHead]

2. it's 97.2 to earn 100 by wednesday

when she'd officially be the nominee... unless the convention is PPD. Even if you believe grandma-gate, there's a likely chance it wouldn't unravel by Wednesday, so the trade would expire and Palin bettors would get paid. Some are exiting just in case since it's there's little to gain and a lot to lose. The 1.0 on Ridge or Romney, or Kay Bailey seem tempting.

[BlooInBloo]

3. There's risk in that. It's not arbitrage.