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1、Basic Listening Practice1. ScriptW: Let me recommend my brother to you. Hes really done well in the stock market over the last few years.M: The real question is this: How have you dine by taking his advice?Q: What does the man mean?2. Script M: Many investors jump on IPOs, hoping to get rich by gett
2、ing into a stock early before it goes up.W: But isnt that a bit like buying a book without reading it? I mean, what if it doesnt go up?Q: What is the womans opinion?3. Script W: The Dow was down again today. Its hard to make money when high fuel prices are killing the stock market.M: Theres still mo
3、ney to be made. If you bought oil futures three months ago, youd be smiling right now.Q: What can we learn from the dialog?4. Script M: I cant wait to get back to my computer. Online share trading has totally changed the stock market and the lives of investors. Hook up to the Internet and be your ow
4、n broker!W: In other words you can cut out the middle man now. For about 500, you can open an account and begin buying and selling shares from your own home, 24 hours a day.Q: Which of the following is true if they want to trade shares on the Internet?5. Script M: Hold onto your hat! Well be rich. I
5、m buying shares in a new company.M: You cant buy IPO shares unless you have a big active with a broker. The day of dot-com fortunes from IPOs are over.Q: According to the conversation, what is the condition for buying IPO shares. 1.D 2.C 3.A 4.B 5.CListening In Task 1: Tell me about the stock exchan
6、ge.ScriptGeorge: Im supposed to give a presentation on the stock exchange, but I dont yet know a thing about it. Could you give me some tips?Diana: The problem with you is that youve skipped too many classes. Now, let me give you a few tips. First of all, you need to define the stock exchange. Its a
7、n organization of brokers and investment bankers. In Europe it is often called a bourse.George: Could you tell me more about it? Like, how does it work?Diana: It provides facilities for the trading of company stocks, mainly the location and the record-keeping devices.George: Can I go and trade there
8、?Diana: It depends. You have to be a member of the exchange before you can buy and sell shares there. They call it having “a seat” on the exchange.George: Something they use the term “stock market”.Diana: Well, the trading of stock on stock exchanges is called the stock market.George: How can a comp
9、any be listed on the stock exchange?Diana: It has to meet certain requirements. To be listed on the New York Stock Exchange last year, for example, a company had to have issued at least a million shares of stock worth16 and had to have had more than 2.5 million net income.George: Wow, thats a huge s
10、um! Small companies havent got a chance.Diana: Big companies have more influence on the stock prices after all.George: I see what you mean.George is supposed to give a presentation on the stock exchange, but he does not yet know a thing about it, so he asks Diana to give him some tips. She says that
11、 first of all he needs to define the stock exchange as an organization of brokers and investment bankers, and in Europe it is often called a bourse. It provides facilities for the trading of company stocks. To trade in a stock exchange, one has to be member of the exchange or have a seat on the exch
12、ange. The trading of stock on stock exchanges is called the stock market. To be listed on the stock exchange, a company has to meet certain requirements . For example, to be listed on the New York Stock Exchange last year, a company had to have issued at least a million shares of stock worth $16 mil
13、lion and had to have had more than $2.5 million net income.Task 2: Stockbroker helps Mr. Junkie to short Script ABC stock reached155. “155” for a stock that should be valued at100. Wow! “Thats it,” I said to myself. “Its time I make a decision. Im going to short that stock.” I thought to myself, “Th
14、is stock is overvalued. It cant remain at the present level for long. This means money in the bank.”So I phoned my broker.“I want to place a trade. I want to short 1,500 shares of ABC.“Im sorry, Mr. Junkie,” he said, “I cant process that for you. Your account is cash account. You need a margin accou
15、nt 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. N
16、ext morning I called him. “Hello, its Mr. Junkie. Did you get my application?“Yes.”“Great, I would like to short ABC then.”“One minute pleaseIm sorry, Mr. Junkie, but you now need a shorters account.”“What! You mean the margin account isnt enough?”“No, you also need a shorters account. Any financial institution nearby has the forms.”
