Archive - Dec 24, 2007
Over the past week two Second Life stocks have reached all time highs, at least since I’ve been gathering information. RIS traded at 250 L$. It has since dropped down into its normal range. Prior to that, its highest value had been 100 L$. This appears to be more of an anomaly than a significant event. Resistance for RIS, based on standard deviations is at 138 L$.
VSE broke through its barrier of .50 L$ for the first time, trading up to .52 L$, it’s new resistance level. Since then, shares have traded at the bid price of .48 L$, but the asking price remains .52 L$.
ATG, QCL and WPM traded at both new highs and new lows over the past week. This isn’t too surprising for ATG or WPM as they are relatively new issues. It is more significant for QCL which has been listed since 11/15/07. At present, QCL’s bid is higher than its last low price, and its ask is close to the high end of its range. Some of this may be due to low volume.
Seven stocks hit new lows during the week, but have bounced back from these lows. These include BDVR, LCA, AVC, BMG, BNF, DFC, and IBF. It has been a good week to have bottom fishing bids in.
In other Second Life news, Giulio Perhaps has a great blog post up about his OpenSim future – wishlist. In it, he talks about Central Grid and particularly his thoughts about the role of currency in virtual worlds. This is an area that deserves a lot more attention, on many levels and if it weren’t Christmas Eve with a lot of other things to focus on, I would write a longer article on some of the issues that this raises. Maybe after the holidays
Well, it’s been a few months, but yesterday, I missed a day of blogging. I’ve been fighting a stomach bug, it was Papa’s birthday, the server crashed, and we had a power outage. More later.
In other news, Dedric Mauriac has a post up about expanding the number of groups people in Second Life can be in. Dedric points to a post by Veyron making the same call. When Veyron voted for the change, there were 386 votes. The hope was to get this up to 500 or even a thousand. Dedric's vote was 399. Mine was 613. If you are in Second Life, you can vote here.