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Marmion Industries Up 50% on Conoco Phillips News
Trading more that 10 million shares today Marmion Industries Corp. (OTCBB: MMIO) saw share price increase over 50%, hitting an intra-day high of $.032 for a 100% gain.
Today Marmion announced a repeat order from a preferred industrial customer for use on a ConocoPhillips project.
ConocoPhillips (NYSE: COP), employs nearly 33,000 employees worldwide, carries approximately $171 billion in assets on the books, and is a top-three leading U.S. integrated oil and gas company operating in more than 40 countries.
Doing business as Marmion Air Service, MMIO specializes in Explosion-Proof Heating, Ventilation, Cooling Pressurization and chemical filtration solutions for mission-critical applications. MMIO’s reputation is based on superior equipment and service, from southern U.S. refineries to drilling rigs and chemical plants in Saudi Arabia and South America. MMIO products are designed for application in Petro-Chemical, Industrial, Agricultural, wastewater, pulp and paper, electric, medicine, and Aerospace environments.
ConocoPhillips is highly regarded within the petrochemical industry as a technological leader. The company’s application of Marmion products exhibits MMIO’s industry leading quality.
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Despite the inertia that seeps into every traders brain when they have an active trading morning, keep in mind that your risk/reward ratio changes throughout the day… dramatically!
A weaker volume market is a more volatile market and a more volatile market is harder to trade when using any type of trading system (which you are… right?). Remember that the first hour after market open and the last hour before market close are the strongest and most trend following hours of the entire trading day. The hours in between should only be traded by savvy and impeccably disciplined traders who do not mind twiddling their thumbs in order to keep from getting trigger happy.
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