Election results with iPredict Print
Written by Ben   
Monday, 10 November 2008 12:48

Well, its been a good weekend. I managed to take my investment portfolio up from $160 to $220 with the election results. My prediction with a National win but without a decisive majority, and Peters not making it back to parliament all paid dividends.

More money was made with short selling the Maori seats as I was doubtful that they would get 4% of the party vote also paid out. I made most of my money however on the market with the Maori Party - National Party coalition stock where I had predicted no agreement between the parties. I bought this stock at about 25c and it peaked at 80c just prior to John Key's victory speech. Unfortunatelly I did not sell it till a bit later by which time it had dropped to 50c ... still a 100% gain.

New stocks about the Labour leadership had become available where I have gone with Phil Goff for the leader position Annette King for the deputy leader and shorted Maryan Street. (It seems not  many people had cottoned on to the fact that she has said she is not running for the deputy leader position, so shorting the stock at 25c will return a healthy proffit).

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Election results with iPredict
Monday, 10 November 2008

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