Web 2.0 Stock Report
Dear Reader,
In meatspace we have stock brokers to tell us where to put out money and where not to. Here in the blogosphere, we have no such guidance. Since nature hates a vacuum like a Republican hates a social program, I am throwing myself into the void. Alexadex is the new market for trading web properties. I am hanging out my shingle as the first Web 2.0 financial adviser. [Small Print: I am not a financial adviser. This has nothing to do with real money. If you base a financial decision on this information then you have bigger problems than just being out that much money.]
As your adviser, the first thing I am going to do (after I make sure you have enough money left in your account to invest after paying my high-but-well-worth-it fees) is to setup a couple of indexes. Not because I know what they are or because they are particularly meaningful. I set them up because you never hear the guys on Fox News on Saturday talk without referring to this index or that index. Since those guys get paid to talk about this stuff, I figure my only chance of making it big in Web 2.0 stock advice is to setup my own index.
With that having been said, I’ve setup a new page on my blog. (look near the top of the page, it’s the link cleverly disguised as “Web 2.0 Index Funds“) On this page, I will daily update the 2 indexes I have created to track. Periodically, I will comment here in the main body of the blog on the goings on.
Because Web 2.0 is such a new area and real research is just way to damn hard to do, I’ve decided that the 2 index I will track and make calls on are “The TechCrunch Index” and the “Mashable Index”. (Ticker symbols “TCI” and “MI” respectively.)
Since I’ve already dissed on Pete once today and I’m treading on thin ice here I need to address these to fine gentlemen privately for a second; the rest of you skip the next paragraph.
Guys, I’m not making fun of you…really. It’s just that yours are the 2 forward looking blogs I respect and read daily. I respect you both and you both know what you are talking about.
Ok, enough butt-snorkeling, the rest of you can start reading again. Here are the rules I’ve come up with. I started by reading each blog carefully. By reading I of course mean scanning the posts for links. Each blog, for the most part, talked about a new Web 2.0 property. I picked the first 7 that each talked about favorably. (Why 7? Because I read Pete’s first and he had more articles than Michael did on the front page.)
Then I ran them against alexadex to get their current price as of tonight. This will be the starting base line. Then just to make it look official, I pretended that each fund purchased 10 shares of each stock.
New properties will be added each day that a positive entry is made on either blog. Properties will be sold when they lose 1/2 of their initial purchase value.
Other rules will be added as I think of them. As always, the judges decision is final.
I’ll track this until I can either automate it and add it to my BlogBling collection of plugins or I get bored with it. (For the record, the latter is more likely to happen)
So there, there’s the first Web 2.0 Stock Report. You can check the fund page for the actual stats but the totals are:
TCI $33,530.00 MI $17,530.00
TCI is off to a considerable lead due in large part to the mention technorati.com. This is the Index Fund version of slashdot’s karma-whoring. But hey, the rules are imperfect.
Stay tuned for further updates.
Until next time,
(l)(k)(bunny)
=C=
