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Blue HorseShoe Loves Anacot Steel

13.02.2009 (3:07 am) – Filed under: bluHorseShoe ::

The inspiration for – from the movie Wall Street (1987)

Bud Fox (Charlie Sheen) plays an ambitious young stock broker who through his perseverance manages to get to work for Gordon Gekko (Michael Douglas). Gekko, who is famous for the quote “Greed is good”, engages in all sorts of insider trading and market manipulation to earn his vast fortune. The key scene (about 40 minutes into the film) is where Gekko, having acquired lots of stock in Anacot Steel, tells Fox to ring extension 1605 in the Washington Chronicle and “Tell the man, Blue Horseshoe loves Anacot Steel”. This is the cue to “the man” to let his extensive network know that Anacot Steel is in play. People start to buy shares in Anacot Steel and let all their associates know, who then buy shares themselves. The share price goes through the roof and Gekko makes a huge profit when he sells the shares he has acquired.

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