“Your big opportunity may be right where you are now.” -Napoleon Hill
Big Week For Marmion
This week could prove to be a pivotal one for the folks at Marmion Industries Corporation (OTCBB: MMIO).
Corporate executives are reportedly attending world’s largest offshore oil technology conference in conjunction with their first ever major advertising campaign. Marmion is currently running an ad for its new Stallion product line in Offshore Magazine, which is being given away to each of the estimated +70,000 attendees.
The gathering should present an ideal networking opportunity for the company and a chance to garner increased brand recognition in the petrochemical industry. With a new, larger manufacturing facility being built, MMIO appears eager to pursue new business and prepare to take advantage of its expanded capabilities.
Shares are up 12.5% to $.0135 as of 11:49 EST today on volume of 1.4M.
It will be very interesting to see if we test $.015 in the coming hours. Another surge of high volume like we saw earlier this morning could push the stock higher, but trading in the stock has slowed a bit.
Interest in MMIO is surely growing throughout the micro-cap market as positive news continues to flow.
Given the current activity of the stock, those still potentially holding shares from March’s 52-week lows will be closely evaluating their investments in the very near future, if they have not already, and deciding what to do with their positions.
Will they take a healthy profit in the sub .015 range, or hang on for a push higher? I’ll be watching closely over the next few hours.
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The question is not whether or not the U.S. Federal Reserve Bank will cut its benchmark lending rate today, but if in fact the cut will have any impact on our wounded economy.
Whether the cut is .25 or .75 points – either of which would bring the rate to an all-time low, economists fear that the benefits simply won’t trickle down the consumer. Recent rate cuts have done nothing to boost the consumer credit market because given current economic conditions, the banks that aren’t going under find that issuing consumer loans at anything else than a premium is far too risky.
A great example of this is the current market for auto loans. Typically influenced by the prime rate, which was roughly 4%, Monday, the interest for a 48-month new car loan is 6.8%.
With Americans now hoarding their money and growing increasingly content with simply not losing their hard-earned greenbacks, the Fed may need to expend some of its “extra ammunition” in addition to its imminent rate cut to get consumers to start spending again.
So, what happens when the rate hits zero and its back to the drawing board for Big Ben and his crew? Here’s a great report written by Ben Bernanke himself on potential strategies for monetary policy when the key rate hits zero.
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