Yesterday, betting on Corzine looked like a sure thing. He seemingly had momentum and a new Suffolk University poll had him in the largest lead of the election. In that poll Corzine is ahead 42% to Christie's 33%, a full 9 point lead.
Now, two new polls that have come out with Christie in the lead.
| Rasmussen | Public Policy Polling | |
| (R)Christie | 46% | 42% |
| (D)Corzine | 43% | 38% |
| (I)Daggett | 7% | 13% |
And as a result the price on Intrade for Gov. Corzine(NJ.GOV2009.DEM) has gone from a high of 74.8% and has now dropped to 60% with a current Bid of 58% and Ask:62.1%
I guess the lesson here is to trade off of trustworthy polls. SurveyUSA,which might be the best pollster out there said Friday that Christie was +2. Now, all of a sudden yesterday we are supposed to believe that Christie is down by nine points? Sorry, I don't think so. I am currently shorting (D)Corzine(NJ.GOV2009.DEM)and almost switched positions yesterday. I'm glad I didn't.
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