Jan
31
Trading Egypt, from Lars van Dort
January 31, 2011 |
The following contract is now available at Intrade:
"Hosni Mubarak to depart his current position as Pres. of Egypt before midnight ET 28 Feb 2011"
The contract is currently trading at bid 45% ask 50%.
This price still seems low to me. US support for Mubarak is quickly weakening. The protesters seem very determined. Ground reports indicate the army generally has a good understanding with the protesters and they are unlikely to do what is necessary to keep Mubarak in power.
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