Mainland Resources, Inc.(fka MNLU)

[Ecomike]

Hello UK!!! GO MNLU!!!!

Italy hit the wall on Monday big time when the Greek Tragedy hit act III, and is now in serious trouble (so are both governments!!!)!!! And if Greece does an extended delay/stall on this vote nonsense, it could wipe out some Europe banks over fear of a complete 100% loss on Greek debt. There is nothing good about the mess they are in right now. And the USA is on a collision course with about 17 days left for the Super Committee to cut the US deficit in a compromise deal, or the axe comes down here with federal budget cuts across the board, and political gridlock here too. All recipes for disaster.

I have seen 3 distinct penny stock trends in the USA. Near OPEX, when the big stocks are hammered to promote MAXPAIN on options expiration, the pennies seem to be to blind to the huge drops in big stocks, in fact the MMs seem to prop the pennies up on low volume while DOW stocks tumble 5-10%, then they hammer the pennies down a few days after OPEX when the big stocks rally hard back up. Also money may be moving from the pennies to the cheap blue chips when the OPEX phase ends and switches to the next month or quarter. The third one is when panic hits and every one sells and GS HFT machines feed the fear and drive it down. When that happens the pennies, high betas live up to their risk level and fall a lot faster and farther than the blue chips. I have also noticed that pennies tend to bottom before the DOW stocks on a panic sell off. Last, most of the time, I have noticed that shorts tend to cover by month end, with MF window dressing (unless a panic is underway), then they short heavily the first 2 days of a new month, all to hide from the month end FINRA naked short reporting rules!!!! Naked short reports are twice a month, but OPEX is the third Friday of the month, sometimes near the 15th, when the short report is due, so it gets messy mid month.

Lastly, China, USA, Japan and Euro all want low currency values to drive exports, so they are all in a race to the bottom. The trade war is going on with speculators playing global currency wars, with the peasants getting the shaft! And we just had our first US/Euro casualty on Monday here, an ex Goldman Sacks guy BK a 200 year old (10-20 billion dollar) brokerage firm, MF Global here by using 4:1 leverage to buy Greek bonds, using borrowed money to profit from the interest spread on short term Greek bonds!!!