A new website called Ultrinsic is now allowing to put their money where their report card is, speculating on what grade they will get in a class. The higher the grade you get, the more money you can make. (Where was this company when I was in college?)
Apparently, it is totally legal because it involves only skill, not chance (I guess unless you get stuck with the wrong professor).
You can even buy insurance against failing a class and bet that you will graduate with a 4.0 grade point average, at 100 to 1 odds.
It may be worth going to college, just so you can speculate on your grades.
Tuesday, August 10, 2010
Monday, August 09, 2010
Skype IPO: How to Buy Shares Before They Go Public
Skype has filed with the Securities and Exchange Commission to sell $100 million of shares in an Initial Public Offering. Want to get shares of Skype before they go public? Buy shares of eBay (EBAY), as they own a chunk of the company.
Congressmen Trade on Inside Information according to Report
According to a report by Law professor Stephen Bainbridge, US congressmen appear to have been stock trading on non-public information, and probably will never be prosecuted. According to another report, the 1990s, US senators outperformed the stock market by 12%!!!
Apple Bringing Out 9.7-inch iPad
Apple (AAPL) will be releasing a 9.7-inch iPad with 512MB of RAM and a new ARM Cortex-A9-based processor. In addition, Apple will be coming out with a new Apple TV which includes AMD's Fusion solution.
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