General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsSheltieLover
(57,073 posts)vercetti2021
(10,156 posts)SheltieLover
(57,073 posts)displacedtexan
(15,696 posts)Thanks for the memory!
unblock
(52,183 posts)perfect!
TlalocW
(15,379 posts)I've watched it time and time again. I've looked up explanations of the plot, and I still don't get exactly what Dan and Eddie did to the Duke brothers...
TlalocW
vercetti2021
(10,156 posts)So what they ended up doing was selling futures at 1.42 per. The Dukes had insider trading information. They were buying as much as possible causing the market to go up and others buyers followed causing it to go up.
What Louis did was sell it for a higher amount at April 1.42. Thus causing the Dukes to panic knowing they slipped them a fake report. The harvest wasn't affected and it caused the prices to drop. They bought back their agreements at 29 cents in April. They sold high and bought low. Thus making a huge profit.
jmowreader
(50,552 posts)First, they created a fake crop report that said weather was going to massively impact the Florida orange harvest, which would have caused shortages of frozen concentrated orange juice (FCOJ).
Next, they borrowed and sold a ton of FCOJ futures to the Dukes' trader before the Secretary of Agriculture issued the real crop report.
After the real report was released (which said the Florida orange harvest would be normal), they bought and returned, at a substantially lower price than they received when they sold, FCOJ futures...and the important part is, they somehow convinced everyone else in the room to not buy from the Dukes' trader.
At the close of trading, the Dukes were holding the bag for millions of dollars' worth of futures they couldn't afford.
ProfessorGAC
(64,988 posts)That is a wonderful scene.
Then they make a reappearance in Coming To America!