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His excuse of “cultural and language barriers” with Dominican officials was, simply, offensive. “Every time I thought I was getting somewhere, they’d start speaking Spanish,” complained Mr. Rangel. The guy wants to do away with the Bush tax cuts as well as return the Estate (death)...

Big sell programs hitting the market at 3PM. Massive Liquidations all over the place. Oil service and energy sector getting HAMMERED!!!

Yes, and the short-term effect of refineries being off-line due to the "weather" on CRUDE is WEAKNESS.

Incredible "spike" up to 7.83 in Oct. :eek:

:D

You obviously don't TRADE for a LIVING. The stock opened at 156.16 this morning and is now trading 163.00 and up slightly on the day.

Do yourself a favor and avoid issues by purchasing your memory from Dell should you buy a Dell Workstation such as the T3400 Precision Workstation. Sometimes the memory is made by Crucial. Sometimes it is made by Nanya, or others. I am running 4 Gigs of Dell "branded" PC2-6400 "400 MHz"...

Crude: -$2.02 to 99.16 Gasoline: -.10 to 2.85 Nat Gas: +.114 to 7.48

Just another moron that uses ET as his internet "playground".

You need to be able to "read" in between the lines . . . This had everything to do with foreign central banks, foreign investors, and the US Dollar. Do you even understand counter-party risk?

Put it this way . . . Do you think that the Democratic Congress would give McCain everything he wants . . . including extending the Bush tax cuts? I don't think so.

I don't know why anyone would be claiming that there is a weather "premium" in the crude oil market . . . The fact of the matter is that simple economics are controlling the situation. Refineries all up and down the Texas gulf coast are being closed down. That cuts down on the DEMAND for...

Much loved by the Wall Street analyst community, but for some reason did not really participate in today's energy sector rally. On the other hand, SLB looks like it could head back up to 94.00 and close a huge "gap" on the charts.

I don't know where you get this idea that Jamie Dimon would do the BSC "deal" again for $10. Sources on the Street will say otherwise.

Let's face it . . . Dick Fuld played "poker" with LEH and he lost. He didn't finally "fold" until a day or two ago and it takes a few days for any interested "parties" to do their due-diligence. As a result. this might not get done over the weekend.

You would think that there would be a whole LOT MORE people on ET that trade the energy sector given the incredible VOLATILITY in this group and chiming in on a thread such as this given Hurricane Ike, the potential for a disastrous storm "surge", etc. The fact that this thread is pretty much...

Getting close to the row of DAILY highs up at 36.00 An amazing move off of a new low at 28.30 just three days ago! :)

Ike is heading for the refineries along the Texas Gulf Coast. That is the real issue, as these refineries will have to shut-down due to the incredible storm surge that is coming. It will take several days to power back up and get back online...

I think you are right. They had something like 130 million shares outstanding, which is roughly 1/5th the amount of shares that LEH has outstanding.

He's just giving an estimate. No big deal. at 3.70 LEH is trading at roughly 2.7 Billion market cap.