The Tale Of The Onion King

Thanks for the link. I found the end of the story to be illuminating in how the US government reacted to the cornering of the onion market. Typical stupid and short-sighted behavior by our representatives.
 
I found it fascinating how the guy played both the long side AND the short side.

Meanwhile, today, we have entities like JPM who are allowed to corner the paper gold market.
 
i960 said:
I found it fascinating how the guy played both the long side AND the short side.

Meanwhile, today, we have entities like JPM who are allowed to corner the paper gold market.
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Playing both sides is the magic spot :oops::rolleyes: because not every day is purely straight up or down.
 
lawrence-lugar said:
Playing both sides is the magic spot :oops::rolleyes: because not every day is purely straight up or down.
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Yes but I'm not talking about typical trading stuff - I'm talking about the fact that he cornered the market to benefit his longs, and then shorted the market before he flooded it. Takes some real balls and he should have just stuck with the first trade.

Also, @Baron, I think it's pretty slick how the forum picked up on an NPR media link. Surprised me.
 
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