When entering flash on a bluevoda page no matter program or how you made it it is always best to make the box the same size as the flash was intended to be in this case 780X150,
in a lot of cases with flash when entering on to a page in bluevoda the item will ether not show at all, blow out of per portion, or show but not how intended.
this is not problem with bluevoda more a design program problem dew to the fact that different programs put the swf file together in different ways.
Other ways to put the flash file on the page is to use the html box and add the code manually but also making shore the html box is the size of the swf file.
in your case the coda would be something like this.
You can see by this DEMO of your banner
Code:
<object classid="clsid:D27CDB6E-AE6D-11cf-96B8-444553540000"
codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=5,0,0,0" width="780" height="150" id="Flash2">
<param name="movie" value="stars_and_waves_4d2.swf">
<param name="quality" value="Best">
<param name="scale" value="ExactFit">
<param name="wmode" value="Transparent">
<param name="play" value="true">
<param name="loop" value="false">
<param name="menu" value="false">
<param name="allowfullscreen" value="false">
<param name="allowscriptaccess" value="">
<param name="sAlign" value="L">
<embed src="stars_and_waves_4d2.swf" width="780" height="150" quality="Best" wmode="Transparent" loop="false" play="true" menu="false" allowfullscreen="false" allowscriptaccess="" scale="ExactFit" type="application/x-shockwave-flash" pluginspage="http://www.macromedia.com/go/getflashplayer">
</embed>
</object>