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(Adelaide Now)   Global demand for oranges puts the squeeze on juice makers. Sell, Mortimer, sell   ( adelaidenow.com.au) divider line
    More: Awkward, Citrus, Mr Knispel, Orange, quality navel oranges, orange juice concentrate, orange juice products, Riverland, juice business  
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324 clicks; posted to Business » on 12 Aug 2017 at 11:02 AM (10 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



7 Comments     (+0 »)
 
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2017-08-12 08:54:22 AM  
Planet Money just reposted a podcast they did in 2013 about the Eddie Murphy Rule - it's a good one.
 
2017-08-12 11:24:46 AM  
i.ytimg.com
 
2017-08-12 11:54:06 AM  
Actually if there is demand for oranges, the yell should be "Buy, Mortimer, buy!" before the commodity prices rise. That was the point of their plan, to plant a fake report to claim that alot of Florida orange crops were destroyed due to unhospital weather patterns and then buy the majority of the orange commodity before the report was broadcast. The prices would go up when the false report claims of lack of supply and the brothers would make a killing.

/Just correcting subby
 
2017-08-12 12:59:26 PM  
I hope this doesn't hurt my Juicero shares.
 
2017-08-12 01:28:23 PM  
I like oranges.

They occasionally flavor the vodak.
 
2017-08-12 04:31:32 PM  
Now a U.S. Senatorimg.fark.net
/ Not the only actor in politics, but I love the character he played.
 
2017-08-12 05:41:09 PM  

DarkSoulNoHope: Actually if there is demand for oranges, the yell should be "Buy, Mortimer, buy!" before the commodity prices rise. That was the point of their plan, to plant a fake report to claim that alot of Florida orange crops were destroyed due to unhospital weather patterns and then buy the majority of the orange commodity before the report was broadcast. The prices would go up when the false report claims of lack of supply and the brothers would make a killing.

/Just correcting subby


That was the Dukes' plan, which backfired in spectacular fashion. Louis and Billy Ray had the real crop report and short sold FCOJ, partly because they knew the Dukes' would drive the price up, based on the fake crop report they had slipped the Dukes. They sold FCOJ for 1.42/lb and bought it for .29/lb, keeping the difference.

It didn't help the Dukes that they bought all of their FCOJ on margin (borrowed), and couldn't cover their account at end of trading.

/Learned all of this on Planet Money
 
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