Archive - Dec 18, 2007

Wordless Wednesday



Alpacas, originally uploaded by Aldon.

Second Life Trading Technical Analysis

As we get further into the holiday season, trading in Second Life to continue to slow. Maelstrom Baphomet started off his most recent post noting that “There's not much to say about the market this part of the year as it tends to get slow and sluggish as not to many people bother with their investments or tracking the market around the holidays…”

A brief glance at the exchanges seems to bear this up, with the exception of Monkey Canning buying 100,000 shares of AVC yesterday. With less players in the market, there could be some good trading opportunities in the event that a stray seller comes by when there aren’t a lot of buyers. So, I thought it would be interesting to look at some of the technical data for various stocks.

BDVR, BNT, BMG, DFC, MED, QCL, and VHI all saw their support levels drop. WJUV, DCTY, LCA, SLCX, AVC, IBF, and SBP all saw widening as both their support levels dropped and their resistance levels increased. ESN, BHE and fifteen stocks on SlCapEx all saw their resistances levels climb.

While it is hard to tell how much of this is because of fundamental changes, and how much is because traders aren’t paying close attention right now, my guess is that a lot of the drop in the support level for several of the stocks, especially those that saw their resistance level increase at the same time, is because buyers and sellers are doing other things for the holiday season, and this may present some good trading opportunities.

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It’s All About Change

This week the TPM Bookclub is talking about The Legacy of the Dean Campaign, and two books, The First Campaign: Globalization, the Web, and the Race for the White House, by Garrett Graff and Mousepads, Shoe Leather, and Hope: Lessons from the Howard Dean Campaign for the Future of Internet Politics, edited by Zephyr Teachout and Thomas Streeter. I wrote one of the chapters for Mousepads and am participating in the discussion at TPM. Below is my first contribution to the discussion there.

Zephyr has written about the nature of power and language. Garrett has written about message and medium. I’d like to focus on another aspect of what happened. It’s all about change.

When you get right down to it, that is a fundamental aspect of any campaign. Do we stay with the status quo, or do we embrace change? Incumbents argue for the status quo, challengers argue for change. In a primary of different challengers, the question becomes who will be the most effective agent of change, and what will that change look like.

In some cases, we look at the rhetoric that the candidates offer. This one with change this, that one will change that. Yet, we should look deeper. What sort of change is the candidate bringing about in his or her campaign?

My experience of the Dean campaign was that everyone believed what Gov. Dean said when he told us volunteers, “The biggest lie people like me tell people like you, is that if you vote for me, I’ll solve all your problems. The truth is You Have The Power.”

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