Are IG On The Run?
When IG sportingly created a Politiciansâ€™ Popularity market, it doubtless expected to make a little profit from its collaboration with YouGov. The trading is understandably light and one suspects that most of the punting is coming from PB regulars. If so, one has to wonder if IG is making any money at all. This is the fifth week of competition and our fourth success. The other week was a draw.
Last weekâ€™s main recommendation to buy Alan Johnson was right in principle but unless you caught the early price, you will have made a small loss. The two more tentative suggestions to sell Benn and Blair scored big time and the profit for the week was 3.4 points (Â£34 to a Â£10 stake).
This week I am recommending a further sell of Benn at 90.3. No news is bad news for the Deputy Leader candidate and he has been little seen of late. Hague is also a sell at 95.3 for much the same reason. The man is virtually invisible. It follows that Cameron at 90.0 is a buy, as he hogs the camera in, mostly, favorable circumstances.
All three bets are to a 1 point stake. Letâ€™s hope the success continuesâ€¦.or maybe not. We donâ€™t want IG to give up, do we? Toodle pip
Peter the Punter