In the early 1600's, the tulip market hit a feverish pitch in the Netherlands, when the price of a tulip, due to speculation in the market, ran roughly seven times that of the average yearly wage. JoeCitizens.com believes that the time is once again ripe and encourages Memphis Light Gas & Water management to plow its future profits from "its disastrous $29 million investment in the fiber-optics firm Memphis Networx" into the emerging tulip market.
Since it appears that MLG&W has no problem in venturing outside its mission of meeting "the utility needs of Memphis and Shelby County residents by delivering reliable and affordable electricity, natural gas and water service,” citizens should not be alarmed by the company's entrance into "tulipmania.” After all, every energy company and service wants to go “green.”
We suggest a strong buy position in " the backbone of flower connectivity,” especially when gambling with the funds of others. We are also recommending a strong look into the buying and selling of futures in the weather market. Rain or shine, someone is making money.
With all silliness aside, we hope MLG&W sticks with its core business and mandate as stated in its name. One wonders, how we got involved in this in the first place. If you’re wondering too, write to Joecitizens.com and voice your speculative ideas.