In the wake of today’s revelation that Thompson will indeed enter the presidential race, the share price of the will-Thompson-win-the-GOP-nomination stock over at InTrade Prediction Market rose $3.00 to $25.00, just shy of the $25.60 price of Rudy stock. Today’s surge catapulted Thompson over Romney who is now seen as the third most likely nominee, with a share price of $23.00.
Interestingly, Thompson’s rise in the market corresponds directly with Rudy’s fall. Beginning on May 18, 3 days after the last GOP debate (which gave Rudy a distinct yet short-lived bump), the market has increasingly seen Thompson as the likely nominee and, Rudy, not so much.
UPDATE: Thompson is now up to $26.90, surpassing Rudy for the first time. Will be interesting to see if polls taken after today’s announcement are similarly bullish on Thompson.
Thompson’s rise:
Rudy’s fall:
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Left by The Right’s Field » Thompson Campaign Gearing Up
May 31, 2007 at 12:27pm