Oil & Gas 01 (May 08 - Jul 08)

[iam802]

Now lunch time.

4pm. See what will happen.


edit:

should be lunch in SG..elsewhere...maybe the day just starting.

[kennynah]

Now lunch time.

4pm. See what will happen.

edit:

should be lunch in SG..elsewhere...maybe the day just starting.

brudder japan started well before the sun started shining on my backsides...

it just goes to show how influential asian markets are in the global context... 4pm...again, becos we need the europeans to take the stand....hahaha... i am hoping one day, soon, we will be become a stronger financial centre...then, i can trade during earthly hours...

[HengHeng]

coz now china buying to support but also good timing lah .. when everything crash liaoz then start to buy back. Anyway the investment houses there earn alot liaoz .. coz stamp charge there i think 1% .. wah .. in out 2% liaoz during the craze period just imagine if one day 20 billion .. u take in 0.2billion.. during that 1 year dunno how much liaoz.

[kennynah]

that's why become govt good.... a lot of $$ (hint : no one ever knows about)... if not, so many people want to be presidents....eat full full nothing to do meh ...

[LenaHuat]

Breaking NEWS : Can't wait for the details from CNN

CFTC unveils first charges since announcing probe into manipulation of oil markets, bringing civil case against trading firm.

[HengHeng]

i too waiting for to see any opportunities in shorting those "instituitions" they have in mind.

[kennynah]

must be investment banks lah....

gs maybe? my light sabre ready to slice....

[blid2def]

must be investment banks lah....

gs maybe? my light sabre ready to slice....

I'd love it if it's GS.

[blid2def]

Optiver.

Source: http://www.bloomberg.com/apps/news?pid= ... refer=home

Excerpt. Full article - see link.

Optiver Holding Allegedly Manipulated Energy Market (Update1)

By Tina Seeley

July 24 (Bloomberg) -- Optiver Holding BV allegedly manipulated and attempted to manipulate energy markets on the New York Mercantile Exchange, the U.S. Commodity Futures Trading Commission said.

``Although this alleged energy trading scheme lasted only several days in March 2007, even short-term distortions of prices will not be tolerated by the commission,'' Walter Lukken, acting CFTC chairman, said today in Washington. A spokesman for Optiver in Chicago couldn't immediately be reached for comment.

The commission took what it called the ``extraordinary step'' earlier this year of publicly stating it had begun a nationwide investigation last December into trading, transportation, storage and purchase of crude oil.

The commission has come under pressure from lawmakers to police markets in the wake of record energy prices. The Senate is currently considering legislation to curb speculation in energy markets and expand the commission's authority and staffing.

[kennynah]

actually...i say to make you happy one....

same effect as this kinda lips...