Quote from tracedef:
They don't really trade the way we're used to seeing things trade. They are frequently over or under valued. The lack of volume means that a few people simple can move them up or down as they please. That's why I said they're good if you just want to bet on an end result. Even if I wanted to get out when the offer was at 88 cents (I holding because I'm confident in the outcome) I could have put a 500 share offer to sell at ten cents and I GUARANTEE you I would clear every level out to 10 cents and would still have a hundred shares left to make the new offer ten cents. These things are just simply illiquid. There's so little interest that even when definitive news of Sadam's death or the equivalent comes out, there will be five or ten minutes where you can just take out any offer you want. People just don't watch these things like people watch stocks because obviously they're more of a gimmick than anything.
Hey Tradedef, are you still holding on? That March contract on Saddam got killed more then the mkt. I guess these last few days will be very volatile. Every little rumor will send it up and down. Might be worth it to put an offer out there just in case someone lifts it.
where's the guy who bought all the way up. i wanna hear how he did