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The Machines Are Back On As Randolph And Mortimer Stage Epic Comeback - OJ Trading At All Time High

Tyler Durden's picture




 

As of today, Orange Juice has just hit an all time high price of $223.25 (this time on talk of an import ban in Brazil but who really cares), and has returned a jaw-dropping 32.4% YTD, or 7,032% annualized. This is the biggest 4 day surge since October 2006, and for all intents and purposes, essentially the biggest ever. Needless to say, Randolph and Mortimer Capital LLC is back up and running, and has been forced to limit investor inflows due to unprecedented interest in this asset class, which, yes, you can eat (a little freeze drying may be required in advance). At this rate, bottle service of Dom P at 1Oak will cost less than a small container of Tropicana.

And even though we used this clip previously, we rerun it once again to show what a Trading Places sequel would look like, when one does, in fact, "turn those machines back on."

 

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Mon, 01/23/2012 - 12:33 | 2089021 Fips_OnTheSpot
Fips_OnTheSpot's picture

+100 for Trading Places :)

Mon, 01/23/2012 - 12:42 | 2089100 Vergeltung
Vergeltung's picture

"yeah, baby, once you had a man with no legs, you never go back"

 

Mon, 01/23/2012 - 12:44 | 2089109 Manthong
Manthong's picture

"OJ is too volatile for me."

-Nicole Brown Simpson

Mon, 01/23/2012 - 15:00 | 2089759 Michael
Michael's picture

The way they've been chemtrailing/geo-engineering Florida these days with aluminum and barium, I won't be drinking any Florida OJ any time soon.

Mon, 01/23/2012 - 13:18 | 2089240 homersimpson
homersimpson's picture

I'm not a (live)  trader, or even a finance guy. But in that scene where folks are buying up OJ futures (which drives the prices to 140), why did all the folks want to sell ASAP as soon as Akyroyd/Murphy yelled out SELL SELL at that 140 mark That part I just don't understand. Is it safe to assume that's more Hollywood than anything..?

Just as importantly, they were buying up a lot of OJ futures as the prices sunk down.

Maybe I missed something from this scene..? Just curious how a trading pit works, that's all.

Mon, 01/23/2012 - 13:45 | 2089369 Diogenes
Diogenes's picture

Everyone was BUYING because they thought Randolph and Mortimer knew something. When Dan and Eddy offered to SELL to them, it was like throwing meat to a bunch of hungry lions. Everyone was BUYING and Dan and Eddy were the only SELLERS.

When Randolph and Mortimer saw Dan and Eddy SELLING they realised they had been had. They ran down to the floor to tell their broker to stop BUYING and start SELLING. But they were too late.

When the Department of Agriculture released the orange crop report, everyone knew the price of OJ was going DOWN.

So Dan and Eddy SOLD SHORT @ 142 then BOUGHT BACK at much lower prices (at the end of the scene, the price has fallen to 29).

They cleaned up several thousand dollars X however many thousands of contracts they managed to buy and sell, possible running into the millions.

Randolph and Mortimer lost money at a similar rate.

So yes, there was a lot of Hollywood in the scene but that is basically the way commodity markets worked back in 1983. Today the open outcry system of buying and selling has been replaced by computers.

Mon, 01/23/2012 - 13:46 | 2089386 long-shorty
long-shorty's picture

A&M were selling!!!

Mon, 01/23/2012 - 13:44 | 2089377 Jackfish
Jackfish's picture

And Trading Places was more prescient than you think...... 

Dan Aykroyd    "I had the most absurd nightmare. I was poor and no one liked me. I lost my job, I lost my house, Penelope hated me and it was all because of this terrible, awful Negro."

Mon, 01/23/2012 - 15:32 | 2089925 grunk
grunk's picture

I had been attributing that quote to Mitt Romney.

Mon, 01/23/2012 - 16:29 | 2090132 slackrabbit
slackrabbit's picture

Agree!

And remember Tyler is a Karate Man!!!

http://www.youtube.com/watch?v=vOAYURCY2RM&feature=youtube_gdata_player

 

 

Mon, 01/23/2012 - 17:24 | 2090311 Goldilocks
Goldilocks's picture

“quart of blood technique”... (Awesome) ';-)

~//~

Carl Douglas - Kung fu fighting(original)
http://www.youtube.com/watch?v=jhUkGIsKvn0 (3:10)

kung fu fighting
http://www.youtube.com/watch?v=wwg033Ze3Lk (3:08)

Mon, 01/23/2012 - 12:32 | 2089025 Jason T
Jason T's picture

Too funny!  This is why I read Zerohedge...well, one reason.

Mon, 01/23/2012 - 12:50 | 2089130 francis_sawyer
francis_sawyer's picture

I'm a karate man... I bleed on the inside... But you wouldn't know that because you're a big Barry White lookin MFer...

Mon, 01/23/2012 - 12:55 | 2089149 israhole
israhole's picture

Yeah, what is ya, igrant?

Mon, 01/23/2012 - 12:32 | 2089026 CalibratedConfidence
CalibratedConfidence's picture

HFT doesn't cause volatility (sarc)

http://www.nanex.net/aqck/2715.HTML

Mon, 01/23/2012 - 12:33 | 2089029 Irish66
Irish66's picture

Mimosa heaven

Mon, 01/23/2012 - 12:34 | 2089040 Internet Tough Guy
Internet Tough Guy's picture

Looking good, Billy Ray.

Mon, 01/23/2012 - 12:36 | 2089051 VelvetHog
VelvetHog's picture

Brazillian orange juice wax, anyone?

Mon, 01/23/2012 - 12:37 | 2089052 Benedict Farse
Benedict Farse's picture

"Hey. Back off! I'll rip out your eyes and piss on your brain." - Clarence Beeks for President.

Mon, 01/23/2012 - 12:51 | 2089061 Dr. Engali
Dr. Engali's picture

 I am sure , all things being equal,  they will be raising the margin requirements soon. After all OJ is a very volatile commodity.

Mon, 01/23/2012 - 12:38 | 2089070 kito
kito's picture

Wait till they discover fungacide on foreign gold ;)

Mon, 01/23/2012 - 12:43 | 2089074 Cognitive Dissonance
Cognitive Dissonance's picture

Head of Exchange: "Your brother is having a heart attack."

"Screw him. Get back in there and turn those machines back on."

Don't you just love brotherly love?

Mon, 01/23/2012 - 15:51 | 2089993 Bay of Pigs
Bay of Pigs's picture

"let's kill the motherfuckers".

Billy Ray Valentine

Mon, 01/23/2012 - 12:40 | 2089077 riphowardkatz
riphowardkatz's picture

I wish you would switch to my preferred phrase " for all intensive purposes."

Fri, 01/27/2012 - 03:16 | 2101863 Silver Bug
Silver Bug's picture

Wow, just sad.

 

Pandora Style Beads

Mon, 01/23/2012 - 12:40 | 2089080 AC_Doctor
AC_Doctor's picture

CME treasonous bastards will raise the margins 6 times in 9 days like they did to slam silver---unless their owners and butt buddies at JPM are LONG orange juice futures.

Mon, 01/23/2012 - 14:26 | 2089565 ParkAveFlasher
ParkAveFlasher's picture

Don't forget the end-of-year raid, because they scared, they kids want the GI Joe with the kung fu group, they sellin'

Mon, 01/23/2012 - 12:44 | 2089108 Kaiser Sousa
Kaiser Sousa's picture

"yeah, i was in Dang Nang over there in Vietcong...special forces...my code name was Agent Orange"

 

Mon, 01/23/2012 - 12:45 | 2089114 Kaiser Sousa
Kaiser Sousa's picture

Gold and Silver Bitchez............

Mon, 01/23/2012 - 12:48 | 2089116 BLOTTO
BLOTTO's picture

BTW - thats NOT real orange juice in the 'Simply Pure - 100% NOT from concentrate' and the 'Minute Maid'

...its flavour packets.

http://abcnews.go.com/Health/orange-juice-moms-secret-ingredient-worries/story?id=15154617

Reality is their Illusion

Their Fantasy is the Reality

Mon, 01/23/2012 - 12:47 | 2089119 YesWeKahn
YesWeKahn's picture

I will sae my OJ for next year. It's the orange gold!

Mon, 01/23/2012 - 12:48 | 2089123 Lost Wages
Lost Wages's picture

FCOJ BITCHEZ.

Mon, 01/23/2012 - 12:50 | 2089126 BlackSunshine
BlackSunshine's picture

The short squeeze on SLV followed through today, although they say it's not a short squeeze, it's PSLV buying up more spot. Whatever the case, someone's getting their asses squeezed.

Mon, 01/23/2012 - 14:11 | 2089490 xela2200
xela2200's picture

Love it when the market imposes itself. Especially, if it is in my direction.

Mon, 01/23/2012 - 12:53 | 2089131 keating
keating's picture

OJ all the way. I love it.

 

Mon, 01/23/2012 - 12:55 | 2089152 SheepleLOVEched...
SheepleLOVEcheddarbaybiscuits's picture

"Get those brokers back in here! Turn those machines back on!"

Mon, 01/23/2012 - 12:55 | 2089154 lynnybee
lynnybee's picture

L.O.L...... thanks for making me laugh.    i'm fascinated by "the pits" .    if i had my life to do over again, i'd be a commodities trader  (or a dentist) .  

Mon, 01/23/2012 - 12:57 | 2089161 AC_Doctor
AC_Doctor's picture

Where's the bloody glove?

Mon, 01/23/2012 - 12:58 | 2089166 Rainman
Rainman's picture

They're almost giving away navel oranges in SoCal....39 cent a pound.

Only thing USA manufactures anymore is pricing. 

Mon, 01/23/2012 - 12:58 | 2089168 kralizec
kralizec's picture

OJ up, check.  How's vodka doing? (Hic!)

Mon, 01/23/2012 - 12:59 | 2089171 ihedgemyhedges
ihedgemyhedges's picture

"At this rate, bottle service of Dom P at 1Oak will cost less than a small container of Tropicana."

But what if you're a metrosexual Wall St. banker having a Dom P MIMOSA at 10ak?????????  Hmmmmmm Tyler???????

Mon, 01/23/2012 - 13:20 | 2089258 SaveTheGreenback
SaveTheGreenback's picture

Where's Beeks? Where in the hell is Beeks? 

Mon, 01/23/2012 - 13:23 | 2089269 vegas
vegas's picture

Pod rot in Ghana. WTF.

 

http://vegasxau.blogspot.com

Mon, 01/23/2012 - 13:27 | 2089295 cheesewizz
cheesewizz's picture

I might be wrong, But this clip is copyrighted.

But I was sure right about BAC +40% oh my, Now I only down 80%

Mon, 01/23/2012 - 13:35 | 2089330 QEsucks
QEsucks's picture

Stay thirsty my friends.

Mon, 01/23/2012 - 13:56 | 2089423 Hugh Jorgan
Hugh Jorgan's picture

That is the single greatest headline in journalistic history.

Mon, 01/23/2012 - 15:29 | 2089911 littleenglander
littleenglander's picture

Check out the trading places Gold prices at 2:06... it's clearly a prediction!!

Mon, 01/23/2012 - 17:19 | 2090285 Use of Weapons
Use of Weapons's picture

Hmm.

OJ isn't the product you think it is (certainly for 'from concentrate' types): the refined product is stored in million litre vats for up to two years at at time (chilled) where it remains until flavouring & colouring additives are added subject to the local market. And no, it doesn't taste like oranges, and it certainly isn't orange coloured. So, different brands of OJ use different colourings / flavourings (the process is like dipping a tea-bag into hot water for flavourings), and different markets prefer different flavours. Much like soft drinks ~ which OJ most certainly is, in terms of nutrition and the companies who produce it. (Big three majors, as ever).

AUS had a bumper crop in 2011 [See here for press on cost crashes due to glut] , and industrial storage is fairly stocked. Likewise, due to the storage of the concentrate, the futures market shouldn't be next year's crop, but the one after. So... Not sure of the why's of it, I'd have to do some digging; but it has little to do with current production or harvest levels.

 

Ahh... I understand now: it's shorthand for conflict prediction: 7 of the top 10 producers are slated for more upheaval this year, and Brazil knows it. Why am I not surprised?

 

Top orange producers
(million tons) 2005 2008  Brazil 17.8 18.5  United States 8.4 9.1  India 3.1 4.4  Mexico 4.1 4.3  China 2.4 3.7  Spain 2.3 3.3  Iran 2.0 2.6  Italy 2.2 2.5  Indonesia 2.2 2.3  Egypt 1.8 2.1  Pakistan 1.6 1.7
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