Kino
>>215376319Brainlet here, so what did they do exactly? My understanding is they got the orange crop report saying that the orange crop wasn't as bad as they thought and people wouldn't need frozen orange juice? Thats where my brainlet understanding ends.
>>215376358Yeah, I’ve seen the movie like 20 times in my life and I still have no idea what the fuck happens at the end
>>215376319The writers are also credited on Space Jam
>>215376358>>215376370So yeah after the crop report was read, they were able to buy shares of frozen orange juice for dirt cheap because people were selling them since it wasn't worth as much as speculators once thought. And they essentially own a vast majority of the market for literal pennies.
>>215376358>>215376370They sold a bunch of orange futures at normal market prices (maybe slightly elevated as there was rumors of a shortage), and everyone else (taking their cue from the Dukes) was buying like mad under the presumption there would be a shortage and the price would skyrocket.Once the USDA announced supply would be normal, the price plummeted and they bought them all back for pennies on the dollar, pocketing the difference.
>>215376754This anon explained it better than I did.
>>215376358>Beeks is a private security consultant who is transporting the highly confidential orange crop report to the USDA>Beeks is also secretly on the Duke brothers payroll and they hire him to illegally obtain a copy of the crop report which will reveal an orange crop shortage (which would drive up the price of orange juice contracts) or normal crop harvest (which would cause the price of oj contracts to remain stable or drop)>Valentine and Winthorpe recognize Beeks from a news report on the crop report being transported and secret payments being made to him by the Duke brothers>Valentine and Winthorpe steal the crop report from Beeks on the train and leave him to get raped by gorillas>They create a fake crop report showing a shortage of oranges, and I think it's Valentine that poses as Beeks and gives the fake report to the Dukes>Valentine and Winthorpe retain a copy of the real report that shows a normal harvest>on the trading floor, the Dukes begin buying as many oj futures contracts as they can thinking the price will rise when the crop report is released. other traders see this, believing the Dukes know something they don't, and also start buying, causing a buying frenzy and driving up the futures contracts price even further. the crop report still hasn't been released to the public.>Valentine and Winthorpe wait until they think the price has just about topped out and begin selling oj futures contracts (they own none at this point) in the middle of the buying frenzy>USDA report is revealed, there is no shortage after all, the price of futures contracts plummets>now there is a reverse frenzy, everyone, including the Dukes, desperately trying to get rid of their oj contracts as the price falls>Valentine and Winthorpe take their time buying those contracts as the price falls, fulfilling the earlier sell orders. It's all profit.>Duke brothers are on the opposite side, they now OWE $400 million which they do not have and are financially ruined.
>>215376844>>215376754>>215376709Thank you for clearing that up.
>>215376319Agreed. It's also how I first learned about Preston Sturges btw since the whole 'cornering the stock market for comedic purposes' thing had been done in one of his early scripts (pic).
I remember reading (online) a great article where Eddie Murphy had a journalist invited over to his house and spoke about the movie, how he specifically asked for Landis and the studio did not want it to be him because of the Twilight zone movie disaster, Eddie vouched for him, but there was a lot of friction behind the scenes, Landis was kind of an asshole to Eddie for no good reason.I think the article was on playboy.
>>215376358>>215376370Nobody on the floor owns any oranges at the opening bell, they’re all trading contracts (promises to either buy or sell oranges).So when trading begins, the Duke trader is “buying” as he’s been ordered, essentially making contracts to buy oranges. I forget what the opening bell price is but I think it’s around 70, or 70¢ per pound or bushel or whatever the unit is. So the Dukes are making agreements with other traders that they will buy at that price. Everyone else sees what the Dukes are doing and copy him, driving the price slowly up. Everyone’s buying, not concerned with the selling because the Dukes (and by extension all the other rubes) are assured the price will skyrocket due to a rumored shortage and they’ll have no issue turning a tidy profit.Valentine & Winthorpe wait for the price to top out (I think it gets into the 120s) before Winthorpe shouts>SELL 30 APRIL AT 142Which means, he wants to sell 30 contracts (unknown how many oranges per contract) at $1.42 per pound, in the month of April. Everyone starts going nuts, because they’ve been doing nothing but buying up to this point and that’s a price that will give them an easy out for what they think will be a decent profit. So the pair make lots and lots of promises to sell at $1.42 (having at this point no buy orders and therefore no supply). Everyone on the floor thinks they’re nuts but go along with it. This causes the price to start falling slowly.
>>215378424>contThen the USDA announces there will be no shortage, sending prices into a freefall. Everyone is going batshit crazy, because they’ve bought oranges at a grossly inflated price. They want to sell as fast as possible to cut their losses. Winthorpe and Valentine wait for the price to hit rock bottom, when Winthorpe yells>BUY ‘EM BACKand now they’re placing buy orders at something like 30¢ per pound.By closing bell they have armloads of contracts to BUY at 30¢ then SELL them at $1.42, ensuring a massive profit.The Dukes bought a shitload of oranges ($400 million worth) and have nobody to sell them to because all their trader did was buy. Even if they could sell, it would be at a fraction of what they bought them for. The exchange manager enforces a margin call (put up most, if not all the money you just promised) effectively bankrupting them.
>>215376709>>215376754>>215376844>>215378424>>215378441boobs
Why are you able to make money out of speculation?
>>215378498Because TPTB decided buying & selling hard assets wasn’t generating wealth fast enough. Commodities futures actually makes a little bit of sense because it helps set a reasonable expectation of how supply will meet demand. But trading on the future of some mutual fund or securities performance is absolute late stage capitalism voodoo and should be outlawed immediately.
>>215376319This leftist I met was insistent that this movie was the most racist movie ever made. I didn't even bother asking her why, I just changed the subject as best I could.
>>215379149pussy
>>215376319jamie lee curtis tits but also kino
>>215376358>>215376370
>>215376844>begin selling oj futures contracts (they own none at this point)How do you sell something you don't ownI am retord, thank
>>215379951Jewish tricks
>>215376358>>215376370I gotta wonder how these people make it through the day without accidentally impaling themselves in the head. I normally wouldn't care, except that it increasingly seems like most people are on this level of retardation.
>>215376319Seeing prime Jaime Lee Curtis’s tits twice during the film puts it into “legendary status” for me.
>>215376844But when regular people (non jews) did it with the gamestop stock, it was fraud?
>>215379951That's why it's a future, specifically a call option. You don't have to have it to sell until the day of the call.
>>215376370The Dukes were writing/selling call options. That is, they were selling people a voucher giving them the ability/right to purchase FCOJ at a specific price at a future date. If the price goes up above this agreed-upon price, these options expire worthless (which is what the Dukes wanted). If the price goes down the Dukes exposure (the worst case scenario) is potentially unlimited because each call option they sold is now worth the amount of that price difference and the Dukes have to honor the trade if the option is exercised. They owed a ridiculous amount of money.
>>215380263>Jaime Lee Curtisfucking disgusting all her life, the type of woman a closeted faggot would like
now watch these chadlingers tell us how we could make more money with a flop than we could with a hit
>>215380649lol. Ok, faggot. She was on fire back then. Enjoy sucking nigger dick then.
