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To: russwinter who wrote (20518)	10/22/2004 5:11:22 PM
From: loantech	Respond to of 110194

<Date: Fri Oct 22 2004 15:14 trotsky (crude oil margin increase) ID#248269: Copyright © 2002 trotsky/Kitco Inc. All rights reserved with small speculators holding a net 20,000 contract SHORT position as of last week, the margin increase might actually drive prices UP instead of down ( which usually seems to be the intended effect of margin increases ) >>>>>>>>>>> One possible reason raising margins may backfire.

To: russwinter who wrote (20518)	10/22/2004 5:56:40 PM
From: ild	Read Replies (2) \| Respond to of 110194

Commercials are practically flat crude, so there is no party to get busted by increased margins softwarenorth.net Small specs losing their butt on long position in ES softwarenorth.net