drewbob21: Sell short. Buy to cover. It's still buy low, sell high. Just in a different order.
Cerebral Knievel: What's not to understand? the whole scheme was laid out.
Notabunny: The Eddy Murphy Rule:1- I have the ice cream2- You didn't get none3- 'Cause you are on the welfare4- You can't afford it5- And your father's an alcoholic
Lando Lincoln: Rich people play us for suckers every minute of every day.
Mentat: Beaks got farked by a gorilla. How complicated is that?
LordOfThePings: Here, have some O.J.
What's not to understand? the whole scheme was laid out.
Lando Lincoln: One interesting kicker to the story: Trading commodities on inside information obtained from the government wasn't actually illegal when the movie came out, but it's illegal now. It was banned in the 2010 finance-overhaul law, under a special provision often referred to as the Eddie Murphy rule.It took them until 2010 to begin to address this.Rich people play us for suckers every minute of every day.
HighOnCraic: Eddie Murphy Rule: you will begin your career by being edgy and controversial and gradually become more and more mainstream.
salvador.hardin: Remaining questions.What was the money for (ie: Jamie Lee Curtis' Hooker savings)? Is it to get credit so they can sell short? If so, who gives them the credit and how does everyone on the floor know they are good for it? Can anyone just walk onto the trading floor and start selling any amount of whatever?Everyone yells and writes things on little pieces of paper and then throw the paper on the floor. How are any of those trades trackable or enforceable?
Ishkur: HighOnCraic: Eddie Murphy Rule: you will begin your career by being edgy and controversial and gradually become more and more mainstream.I thought that was the Ice Cube rule.
salvador.hardin: How are any of those trades trackable or enforceable?
farkeruk: It's the "selling before buying I didn't understand". My brother, who was doing a banking degree explained that you could do that and it all made sense.If you can't follow Trading Places, best not go near Primer.
Dr.Zom: "...and she stepped on the ball."
NewportBarGuy: Looking good, Billy Ray!
Great Janitor: I've done some investing in the stock market. The simplest rule is the best: Buy Low, Sell High. For example:People see that gas prices are going up at the pump, so they buy BP stock. The stock is already high, but they buy it anyways. BP causes an oil spill in the Gulf of Mexico. BP stock drops. Those people who bought stock when the price of gas and the pump was $3.50 now have a bunch of BP stock that is less than a quarter of what they bought it for. They sell, don't get way they paid in, get pissed. Me, I see BP causes an oil spill and their stock is dropping. The more negative the story gets, the lower the stock prices drop. I wait. As soon as I see the stock start to rise again, I buy. Sell when either the stock hits a five year high or when another good company farks up and their stock becomes the value of toilet paper. This means that I take the stocks I bought cheap, sell for a huge profit and buy the shares of another company dirt cheap, and with more money (due to that profit), allowing me to pick up more stocks so when I sell at a higher profit, there's a ton of more money out there. I did this the first time in 2006 when Jet Blue had a plane crash that damaged their stock.There is risk involved, of course. If a company goes bankrupt, that stock becomes worthless. But also consider some of these companies. If Pepsi sent out a 12 pack where each can contained a dead drowned rat, Pepsi stock would reach an all time low, but the company wouldn't go bankrupt or get bought out. Exxon and BP, they've caused massive oil spills and both are still in business and aren't going anywhere.
Great Janitor: I see a toy that a nerd friend of mine wants, I'll take a pic of they toy and tell him it's $X (X = price of toy, plus gas, plus profit). ... he also knows that I won't tell him where I'm at
mesmer242: I misread the headline as Trading Spaces and thought "Well, that's easy. Usually the rooms are painted in time but the design is hit or miss. There was that one time the designer put hay on all the walls and TLC got sued. What's so complicated about that?"/it's early.
HotIgneous Intruder: Actually, it was a movie and nothing really happened. It was pretend. Actors acting.
LordOfThePings: The thing is, as soon as Winthorpe says "Sell 30 April at 142!", the price starts falling. Even though the overwhelming action is still by the buyers.
farkeruk: It's the "selling before buying I didn't understand". My brother, who was doing a banking degree explained that you could do that and it all made sense.
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