"If Slumdog does in fact stumble between now and February 17 (the last day for Oscar voters to turn in their ballots), Milk looks like it's best positioned to capitalize on the stumble. In addition to it being incredibly well-respected within the community of voters who make up the Academy, there are two main factors that could help propel the film to glory on Oscar night.1) Milk Is Still Building Momentum - As Anne Thompson sagely reports, over at Variety, Focus Features has taken the slow-and-steady approach to building their Oscar campaign for Milk. Whereas their campaign for Brokeback Mountain in 2005 crested too early, Milk is only now going into wide release. If the movie can perform strongly this weekend, it will be top-of-mind for Academy voters as they begin casting their ballots.
Source: nymag.com

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