called him Hello, it's Mr Junkie. Did you get my application? “Y "Great. I would like to short ABC then One minute please. I'm 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 Off I ran again. I completed the form and had a taxi deliver to my broker. In the afternoon I called "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 Task 3: Who am I ifi own stocks? cript When a person buys stocks in a company, that person becomes a shareholder in that company Stockholder is another name for shareholder. a shareholder can also be called an investor of the company. When that company makes money, which can also be called earned income or profit, the value of the company's stock often increases. That's because more people may become interested in investing in the company. Sometimes, shareholders receive a dividend, which is part of the companys earned incomes, in the form of a cash payment Some people try to make money by buying and selling stocks. Stock prices can move up and down. Shareholders may make money or lose money by selling stocks that they own, depending on whether the price has gone up or down since they bought their shares. A company's stock price may be affected by market or economic conditions. For example, lets say that BCD Enterprises is a software company that has introduced a new video game into the market If that game is a hit sales of the video game could boost the companys earnings. Because of the potential for BCD Enterprises to grow its stock may be viewed as an attractive investment and its stock price may go up as more people buy its shares. On the other hand, let's say the video game that BCD Enterprises introduced is a flop. Or, it could be a good time, but BCD introduced it at a time when people are spending less on leisure products, and hardly anyone is buying the game. So it's reported that BCD is losing money because of this new product. Then the stock price for BCD Enterprises may go down if a number of shareholders decide to sell their shares 1. What is the passage mainly concerned with?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. Task 3: Who am I if I own stocks? Script When a person buys stocks in a company, that person becomes a shareholder in that company. Stockholder is another name for shareholder. A shareholder can also be called an investor of the company. When that company makes money, which can also be called earned income or profit, the value of the company’s stock often increases. That’s because more people may become interested in investing in the company. Sometimes, shareholders receive a dividend, which is part of the company’s earned incomes, in the form of a cash payment. Some people try to make money by buying and selling stocks. Stock prices can move up and down. Shareholders may make money or lose money by selling stocks that they own, depending on whether the price has gone up or down since they bought their shares. A company’s stock price may be affected by market or economic conditions. For example, let’s say that BCD Enterprises is a software company that has introduced a new video game into the market. If that game is a hit, sales of the video game could boost the company’s earnings. Because of the potential for BCD Enterprises to grow, its stock may be viewed as an attractive investment and its stock price may go up as more people buy its shares. On the other hand, let’s say the video game that BCD Enterprises introduced is a flop. Or, it could be a good time, but BCD introduced it at a time when people are spending less on leisure products, and hardly anyone is buying the game. So it’s reported that BCD is losing money because of this new product. Then the stock price for BCD Enterprises may go down if a number of shareholders decide to sell their shares. 1. What is the passage mainly concerned with?