The Duke brothers tried to steal the crop report. But Billy-Ray and Lewis, after having been quite ill used by the Dukes, get the real report and give the Dukes a fake. The Dukes send their trader to the commodities floor with instructions to buy like crazy. Their fake report shows a tough winter, and so they’re betting the price will go way up after the “official” release of the report. The trader starts buying and others see the Dukes trying to corner the market, so they start buying. This drives the price up. At just the right time, Billy-Ray and Lewis “sell” futures contracts for orange juice. They sell like crazy. They’re selling contracts for orange juice they don’t even own and can’t deliver. (Basically short selling – in commodities all you have to do is be able to deliver at the date in the contract). Their selling drives the price down a bit. It also pads their trading account with a ton of cash. The secretary of agriculture announces that the winter did not affect the crop, so the pit full of traders freaks out! There’s not going to be price pressure, so they’re all holding OJ contracts that are seriously overpriced. A mad selling frenzy ensues, driving the price way down. Again at a point timed for maximum effect, Lewis and Billy-Ray Valentine announce that they’ll “buy em” — they buy back the OJ contracts at a much lower price than they sold them for earlier, netting them a huge profit. They also refuse to sell to the Duke’s trader, freezing him out. The …
Oh Eddie Murphy, why can you be as good as this these days? What happened to you?
Too bad HTML5 doesn’t work. Nice try Google and Apple, but it just doesn’t work.
@piratedrank Do the numbers they’re yelling make any sense? I mean I guess if they shorted tons and tons of contracts it makes sense, but he yells kind of a confusing phrase: “Sell two hundred and eight for the one forty two!” Is that 208 contracts? 208 thousand contracts? bluh?
You ought to see how they trade intellectual property from the people on the neurophone.
Thanks for explaining the process. Just couldn’t understand HOW they made any money all the times I watched it. Thought I must’ve missed something, a scene or lines which explained it.
Seems one COULD make ‘a lot of scratch’ BUT could also lose everything if the deal went south.
i work there and although it seems crazy, which it is, its also very organized and efficient. Everyone is shouting out bids or offers, and try to find someone else that will take the other side of the trade. then a trade ticket is written out with the transaction and who it was with, writing down their badge id. which is then time stamped and entered into the computer. but everything is becoming electronic which is bring this to an end.
They filmed this scene on the weekend, most of the people there are real traders. It was a blast!
its all pre scripted bullshit… stocks and shares are fixed…. think about it man..
Well, well Randolph and Mortimer are SO interested in what happens to rich people if they become poor and homeless. Yet when Louis and Valentine very kindly give the old men the perfect opportunity to learn that for themselves they forget to say thank you…. they don’t even seem excited about the wonderful research opportunity they have been given. theres just no pleasing some people.
O.K., I’ve seen this part about 100 times, but I still don’t *how* the hell anyone gets anything done in all that craziness. I mean, how do they keep track of what they’re buying & selling when everyone is shouting over everyone else? WTF?
didnt even notice til now.
Thank you sir
lol the guys from coming to america
meri nu yeear!
Too bad the Dukes couldn’t hang on until 2010:FCOJ futures are up 17 per cent this week.The price of screwdrivers will go way up.
HAPPY NEW YEAR!
lol are you talking about Coming to America?
“RANDOLPH! WE’RE BACK!”
Happy new year!!
We’re back! WE’RE back!!
I hope Randolph saved that dollar he won, he’s sure gonna NEED it! Don’t the two old men look like complete idiots when they get their comeuppance?
And now that I think about it, it’s conceavable that they bought more than they sold, leaving them with potentially valuable futures for a rock bottom price
Right- this whole thing was to maniuplate the price.
The Dukes drove it up by having their man buy as much as possible, getting everyone else to buy. Our heros drove it down by selling imaginary contracts they buying them back when everyone realised how overpriced they were and started selling to cut their losses.
Since they bought back all they sold they didnt have to deliver their imaginary oranges but since the transactions still took place they made a huge profit.
Kind off odd to think none of that is there anymore, assuming it was filmed on location.
Am I right in thinking that they sold shares that they did not actually own for a high price, then bought them back for a low price, thus making a huge profit, but in the end they have not actually sold or bought any shares at all?
One powerful word was mentioned.
Powerful Movie with a message!