新视野大学英语视听说教程 3 Unit 10-3

Task 2: Stockbroker² helps Mr. Junkie to short
Script⁴
ABC stock¹ reached＄155. “＄155” for a stock that should be valued at＄100. Wow! “That’s it,” I said to myself. “It’s time I make a decision. I’m going to short that stock.” I thought to myself, “This stock is overvalued. It can’t remain at the present level for long. This means⁵ money in the bank.”
So I phoned my broker³.
“I want to place a trade. I want to short 1,500 shares of ABC.
“I’m sorry, Mr. Junkie,” he said, “I can’t process that for you. Your account⁶ is cash account. You need a margin⁷ account to short a stock. I can send you the application form or you nearest financial institution to fill out the forms.”
The minute I got of the phone, I heard out the door because time is money. I ran to the financial institution to fill out the form and sent it to the broker by express mail service. Next morning I called him.
“Hello, it’s Mr. Junkie. Did you get my application?
“Yes.”
“Great, I would like to short ABC then.”
“One minute please…I’m sorry, Mr. Junkie, but you now need a shorter’s account.”
“What! You mean the margin account isn’t enough?”
“No, you also need a shorter’s account. Any financial institution nearby has the forms.”
Off I ran again. I completed the form and had a taxi deliver to my broker. In the afternoon I called again.
“Hello, it’s Mr. Junkie. I want to short 1,500 shares of ABC at ＄155.”
A few moments later he answered, “Mr. Junkie, I am sorry, but I don’t think that is possible.”
“Why not?”
“Well, the last trade went through at ＄99.”

F  1. The broker did not believe ABC stock could remain at ＄155 for long.
T  2. Mr. Junkie wanted to short 1,500 shares of ABC.
T  3.Mr. Junkie could get a margin account through either a financial institution or his broker.
T  4. To short a stock, one needs both a margin account and a shorter’s account.
F  5. Mr. Junkie asked a taxi driver the forms for a margin account to the broker.

1 stock   

n.存货，储备；树干；血统；股份；家畜；adj.存货的；平凡的，惯用的；股票的；畜牧的；vt.进货，采购；储存；供给；vi.出新芽；进货

参考例句：

• The shop takes stock every week on Friday mornings.这家商店每星期五早晨盘点存货。
• Experts have forecast an upturn in the stock market.专家已预测股票市场价格有上升趋势。

2 stockbroker   

n.股票（或证券），经纪人（或机构）

参考例句：

• The main business of stockbroker is to help clients buy and sell shares.股票经纪人的主要业务是帮客户买卖股票。
• My stockbroker manages my portfolio for me.我的证券经纪人替我管理投资组合。

3 broker   

n.中间人，经纪人；v.作为中间人来安排

参考例句：

• He baited the broker by promises of higher commissions.他答应给更高的佣金来引诱那位经纪人。
• I'm a real estate broker.我是不动产经纪人。

4 script   

n.剧本，广播稿；文字体系；笔迹，手迹

参考例句：

• It's easy to identify his script.他的笔迹容易辨认。
• The script is massaged into final form.这篇稿子经过修改已定稿。

5 means   

n.方法，手段，折中点，物质财富

参考例句：

• That man used artful means to find out secrets.那人使用狡猾的手段获取机密。
• We must get it done by some means or other.我们总得想办法把它干完。

6 account   

n.叙述；帐目；帐户

参考例句：

• She left out an important item in her account.她的账目漏掉了一个重要的项目。
• He has made several withdrawals from his bank account.他从银行账户上提了几次款。

7 margin   

n.页边空白；差额；余地，余裕；边，边缘

参考例句：

• We allowed a margin of 20 minutes in catching the train.我们有20分钟的余地赶火车。
• The village is situated at the margin of a forest.村子位于森林的边缘。