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DrStool

Nah-Nah Naaah Nah

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Hey hey hey

 

Goodbye?

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Hey hey hey

 

Goodbye?

596261[/snapback]

 

 

Can the PPT open the market up Monday? :unsure:

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Interesting that even with this free-fall occurring, CFC is holding tight and MER is trying to bounce. :blink:

596256[/snapback]

 

CFC is a wall street darling and came out today stating that they had access to $50 billion. That was clearly an effort to keep the dogs at bey. Wall Street is simply going to do everything they can to keep Countrywide afloat.

596259[/snapback]

 

One of the Fed's 22 primary dealers. Whether they remain one of the Fed's Gang of 22 remains to be seen.

 

Here's the -300 down day that I called for yesterday.....oh well, better late than never

596260[/snapback]

 

I was just early on my thousand points of down call.

 

As usual. :lol:

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gas shortage anyone?

 

 

PRESS RELEASE: Holly Corporation Reports Navajo Refinery Unit Malfunction

 

 

DALLAS, Aug. 3 /PRNewswire-FirstCall/ -- Holly Corporation (NYSE: HOC) said

today that it experienced an operational malfunction related to its fluid

catalytic cracker ("FCC") processing unit at the Navajo Refinery in Artesia,

NM. An electrical ground fault initially caused the FCC to shutdown during a

heavy lightning and thunderstorm. The malfunction occurred during the attempt

to restart the FCC unit following the shutdown.

 

 

It is anticipated it will take ten to fourteen days for this unit to be

repaired and placed back in service. While this repair is being made, the

Navajo Refinery is expected to reduce crude charge rate by approximately

30,000 barrels per day ("BPD").

 

 

Holly Corporation, headquartered in Dallas, Texas, is an independent

petroleum refiner and marketer that produces high value light products such as

gasoline, diesel fuel and jet fuel. Holly operates through its subsidiaries a

83,000 barrels per day ("bpd") refinery located in Artesia, New Mexico and a

26,000 bpd refinery in Woods Cross, Utah. Holly also owns a 45% interest

(including the general partner interest) in Holly Energy Partners, L.P.

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Everybody,

 

Check out the one-minute chart on the SPY. There's one massive 5M buy order at the end to jam this to close at the intra-week lows.

 

But today's bottom pierces the previous bottom on Wednesday.

 

Thoughts??

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Everybody,

 

Check out the one-minute chart on the SPY.  There's one massive 5M buy order at the end to jam this to close at the intra-week lows.

 

But today's bottom pierces the previous bottom on Wednesday.

 

Thoughts??

596271[/snapback]

 

Shorts who are chicken like I would be and cover before the weekend?

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Everybody,

 

Check out the one-minute chart on the SPY.  There's one massive 5M buy order at the end to jam this to close at the intra-week lows.

 

But today's bottom pierces the previous bottom on Wednesday.

 

Thoughts??

596271[/snapback]

 

Shorts who are chicken like I would be and cover before the weekend?

596274[/snapback]

 

Guilty as charged myself. :)

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I have been trying for the past hour or two to figure out the difference between these two pictures.......I just don't see it..... :blink:

 

post-1042-1186172443_thumb.jpg

post-1042-1186172455_thumb.jpg

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CFC is pretty dover sold right now, but maybe they don't really have access to $50 billion like they claim. Even if they did, that's only good for 500,000 overpriced homes in CA.

post-2460-1186172544_thumb.jpg

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$USD at 80.29 for a drop of -0.5% on the day.

 

Still got a 29 cent cushion before the next predictable jack up.

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SAN FRANCISCO (MarketWatch) -- The crisis in the mortgage market has increased the likelihood that the Federal government could intervene in some way to alleviate a credit squeeze.

However, Congress and government-sponsored enterprises like Fannie Mae (FNM :

56.52, -2.44, -4.1% ) and Freddie Mac (FRE :55.61, -1.00, -1.8% ) might only offer limited support.

 

Some parts of the secondary mortgage market have ground to a halt in recent days as investors shun many types of mortgage securities that don't conform to Fannie and Freddie's standards. See full story.

 

A broker at Ace Mortgage Funding LLC, a leading mortgage brokerage firm, estimated on Friday that 90% of these so-called non-conforming home loans have disappeared in the past three days, leaving home buyers with far fewer options. The broker declined to be identified because they didn't want to be seen as exacerbating housing market problems.

 

The crisis in mortgage availability could prompt action from Congress, several mortgage market experts said.

 

"The chance of government intervention in the marketplace in response to current events has increased significantly," said Andy Chow, portfolio manager at SCM Advisors LLC, a $14 billion San Francisco-based investment firm specializing in fixed-income and structured-finance markets.

 

Mike Perry, chief executive of mortgage lender IndyMac Bancorp (IMB :

18.88, -2.17, -10.3% ) said on Thursday that he got a phone call this week from U.S. Sen. Christopher Dodd, D-Conn., who asked whether Congress can help the U.S. mortgage industry in any way.

 

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