Intrade has a contract written for who will win the academy award for best picture. Tonight is the announcement (so no one should know who the winner is yet). But there is some suspicious activity trading for the movie "Hurt Locker". The graph is the shares trading prior to today, but those shares are trading up 20% right now and is currently running neck to neck with "Avatar". Is this a case of insider trading (maybe someone out there has peeked at the envelope and has an account with intrade), or someone really liked that movie. I guess we will find out tonight.
(Update at 12:45): "Avatar" is back up a bit on heavy trading.
(Update 2/1): Turns out the Grammy's were yesterday. But my wife did direct me to this article (published yesterday) that would cause the expected odds to change.
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