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Message
re: Trading Places: Need Clarification
Posted on 1/9/14 at 10:53 am to elprez00
Posted on 1/9/14 at 10:53 am to elprez00
quote:
So, it ended up that V&W doubled their money and then had a bunch of FCO futures to sell to companies, and the Dukes bought a bunch of FCO futures at double the price which they would never be able to recoup the losses on. Is that correct?
Yes - well not technically true - they sold futures (short) at a high price, then bought them back at a low price, but the effect on the Dukes was the same - they had to buy high (long) and sell low.
quote:
I don't know much about stock trading
This was commodity futures trading - and simplified to a degree for the viewing audience, but you have the essentials.
This post was edited on 1/9/14 at 10:55 am
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