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HollyFrontier Corporation Message Board

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  • precaud precaud May 4, 2012 11:44 AM Flag

    Why crude is down

    They just said on CNBC that the margin rule change has been delayed until August. Whose decision was that? And why? Don't wait - do it now.

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    • Because market manipulation still reigns supreme + the big boys watch out for themselves.
      Should have known better + sold yesterday as I figured the jobs report would be bad + the market would sink. I posted that yesterday but yahoo nuked it. I don't see any major beat on Mon + no special will cause the stock to sink. Ironically, every time they doled one out the stock still sank. Might as well sink with cash in the bank.

      The new rules, which will increase the money needed to trade futures for some exchange members, are set to go into effect in 90 days, and not Monday as previously expected.

      The CME Group, the U.S. top exchange for futures, said in a news release late Thursday it had sought and received the 90-day extension to “work with the CFTC to address member-customer concerns.”

      I.E. we need to give our big customers time to unwind those losing positions so watch for more manipulation in the crude pits until they get it done.

 
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