Shaun Altman
Fund Manager
Join date: 11 Dec 2004
Posts: 1,011
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05-11-2006 18:49
LindeX is at 311 today. Quite a huge slide since LL announced that they may sell currency. In case anyone is panicing and dumping L$ as a result of my "JUST SAY NO" messages, I thought I'd post a clarification. I hadn't intended for anyone to panic and dump L$ like the game will be over tomorrow. I only intended that everyone would email [email]philip@lindenlab.com[/email] and JUST SAY NO TO COMPETING WITH LINDEN LAB TO SELL YOUR CURRENCY. It is a good idea to let LL know how you feel about this, so that hopefully they won't begin competing with us on LindeX. However, LL is not (to my knowledge) currently selling L$, and thus, the sky is not currently falling. So, there is no good reason to cost yourself money by dumping L$ at such a lousy rate.  So I think the best thing to do right now is to SEND THOSE EMAILS, then sit back and see if LL will accept the wishes of their customers. You're only depleting your own cashflow by rushing to judgment and selling your L$ at any rate above 305 or so. In the event that you're dumping L$ in this manner due to something other than my "JUST SAY NO" messages, and/or this post has failed to convince you that panic is the incorrect move at the moment, please consider pricing your L$ at 340 rather than 311. I will help to buy it. 
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