Mainland Resources, Inc.(fka MNLU)

[Ecomike]

Indians are getting restless I see.

We should get some indication of what will happen Monday by watching the overseas markets and futures tonight.

http://www.forexpros.com/indices/indices-futures

I am afraid the markets are going to flash crash. Hope I am wrong. I am going to stay long anyway, can not afford to sell here. One thing is for sure, we can expect huge volatility for a while now.

So far the recent pull back has the markets in a serious correction, but it is close to turning into a bear market here.

The problem in Europe is getting very serious (Italy is to big to fail or bail out, with out taking Germany with it), and now the US AAA downgrade, and fears of recession. Only hope I see is that it looks like many of my stocks, like AEXP and MNLU, bottomed over a month ago, and have refused to make new lows, while blue chips have made new 52 week lows last week! My worst stock holding the last 2-3 weeks was AA of all things! Down from $18 to just under $12 at last weeks low. And it pays a dividend!