If you currently are registered and own any stock at Blogshares, remember to sell all of what you own before May 1. All of your cash carries over; however your stock does not. In addition, whatever blogs you do own ('claim'), during the reset you will receive 1000 shares once more.
I actually think everything should be reset, including how much money you currently have. However, its not very difficult to make cash quickly. In one week I went from $1k to $15k. All you do is buy low and sell high (yea, profound). It's already halfway done for you with the best priced blogs listed in one easy to navigate screen: Hot Blogs.
Here are a few more useful strategies:
- Purchase as many shares as you can at once from that low priced blog. If there is 4000 available, purchase the full 25%. The stock price will increase a few percent afterwards and the little scrolling marquee at the top will display the positive gain which will spur other less ambitious investors to purchase stock which drives the value of the stock once more.
- Look at the blog and see how many incoming links it has. Try to purchase those that have more than zero or if you look hard enough, those with more incoming than outgoing. I suppose if you wanted to "cheat" you could link to the blog after you purchase it, wait for the reindexing to occur and then sell the stock.
- Look to see what the blog is discussing. If it is really really boring (like 99% of them) then odds are no one will link to the blog. One way to observe how boring they are is if they link to a trendy weblog: like Wil Wheaton.
- If it is a LiveJournal, Pitas or Xanga weblog, don't purchase their stock. It only encourages people to continue using those [inferior] services.
- Don't listen to free advice, more on this below.
Please understand that the blogs and individuals worth oodles of ducats got that way primarily because dozens of people linked to their blog. So if nothing else, this should be an incentive for you to post something original, something interesting, and something that someone would want to read. If you need something to blog about: read books, magazines, newspapers and the messages written on the walls of bathrooms. If your interest is piqued by something, odds are others might be interested in it too. If readership is a problem look for other channels to syndicate your blog -- I have a list of 50+ directories that will list your blog plus another 150+ blog specific rings you can join.
This could also be an opportune time for you to “sell” the idea of blogging to your friends. If they link to you and you link to them your stock will be worth that much more. If they give you any lip about having nothing to blog about, ask them if they verbalize anything at all during the day. If they do then they can indeed blog (hence: if you can talk you can write – assuming you have arms).
Now that you've read this, please wire $10 via Paypal to: tim at movementarian dot com.
Posted by Tim at April 24, 2003 01:54 AM | TrackBack