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Rimbo

Burnt Ends
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Everything posted by Rimbo

  1. Same. All y'all bitches need to go watch The Big Short and Trading Places. Get yourselves educated. Now.
  2. I mean, I get that. I didn't even get into Priest until a decade or two ago. Been playing catch-up ever since.
  3. ... you kidding? You never even made it to Painkiller? Oh my brother in Christ, you need to hop aboard the post-Turbo train (it's ok if you skip the Tim Owens stuff; nobody will judge you). You are about to have your mind blown. Bands this old just do not rock this hard
  4. You are held to the promise to buy it back, is the key. You are contractually bound to the shares you sold, just as if you'd owned them in the first place.
  5. The Dukes ended up penniless before they left the trading floor. Their guy on the floor was buying up until the end, but they didn't have the cash to cover what they'd purchased, so all of their assets were seized. The exchange leadership went Laetitia James on 'em.
  6. I mean, the movie doesn't say one way or the other how much of the OJ market they end up with. BUT: It does say that the Dukes are aiming to corner the market, and yet W&V were selling (at the start of trading) so many shares that, despite the Dukes and everyone else buying, the price actually started to fall before the real crop report was read. Which means W&V were selling, and later covering, a fuckton of shares. It's implied that they ended up with a substantial portion of the market when they covered.
  7. tl;dw: You sell a bunch of shares you don't have (short selling), planning on buying them later (covering). If everyone's shorting a stock at once, the sells drive the stock down; they then all might end up covering at once, making it go up slightly, also known as the Dead Cat Bounce. Longer: Trading Places' ending is downright educational. Winthorpe and Valentine give the Dukes a fake crop report, making the brothers think there was a shortage of oranges, so the Dukes start buying a lot of shares, expecting the value of OJ to increase greatly once the report is made public. A bunch of traders see this, and try to get in on it, driving the price up. Then Winthorpe and Valentine start short-selling once it gets high enough -- they don't have any of these shares, yet, they just grab a ton of money on shares they promise to buy in the future, suddenly driving the price down a little bit, alerting the Dukes that something is wrong. Then the actual report gets read, and everyone realizes they're holding overpriced OJ shares, and start selling it off, driving the price down like crazy. Once it gets to a fraction of its starting price, Winthorpe and Valentine cover, buying back at a fraction of the price all the shares they'd sold. In the end, W&V pocket a shit-ton of money and own most of the OJ market, and the Duke brothers' assets get seized to cover their losses.
  8. Check out the new one. I think it might be even better.
  9. Well, Glenn is just contributing in the studio, now. Parkinson's iirc. But... yeah. They just get better with age. Faster, louder... better.
  10. typical big band does one of two things: 1. Gets big, gets wasted, breaks up; two decades later, cash in on nostalgia playing the old hits for middle aged crowds 2. Gets big, continues making new music, slows down and kinda mails it in but fuckin Priest, man They were well past the curve when they dropped Painkiller. I swear Firepower was the best album they'd made up until that point. And Invincible Shield just dropped last month and might be even better How do these old fucks do it Halford can still hit the extreme high notes. HOW They just keep getting better with age like no other bands I can think of
  11. See, I think the more logical solution is for Tate to not live on this planet any more. You can stay.
  12. Naw, see, that was the short book. For YGIFS you need "When Mr. Bilbo Baggins of Bag End announced that he would shortly be celebrating his eleventy-first birthday with a party of special magnificence, there was much talk and excitement in Hobbiton." No.
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