that they asked CME to declare invalid all oil futures trades in the last 15 minutes before futures market close (2:30pm ET). The reason for their request: price dropped too fast=translation: they lost money too quickly.
Poor Morgan Stanley oil traders.
I bought oil yesterday, I always play break out. The greatest stock trader William Oneil said breakout is where money is. So I noticed oil breaking out of the bottom really strong on Monday.
I bought it and in the afternoon, I was up 5%. That's a lot of money in one day. So I wanted to take the profit, but my mentor said: "Keep it, hold it, this will go up a lot more."
So I listened to him, and hold it.
Today, I woke up, all my profit is gone. Near noon, I was under water.
What a useless mentor!