BÀI LUẬN TIẾNG ANH HAY THEO CHỦ ĐỀ BÀI LUẬN TIẾNG ANH HAY The price of greed Write a story that would fit the above title.. The share market had been bullish for several weeks now and m
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BÀI LUẬN TIẾNG ANH HAY
The price of greed
Write a story that would fit the above title
Paul looked at the board The price of the shares he bought yesterday had risen by 46 cents Wow
! He took out his calculator He had bought 3,000 shares Multiply that by $0.46 would net him a profit of $1,380 Wow again ! He had made that amount in just one day
The share market had been bullish for several weeks now and many people like Paul was getting
a piece of the action Rumors were rife that shares would keep rising indefinitely It was the chance of a lifetime to make some serious money In order to buy more shares, Paul took out a loan of $200,000 from a bank using his retail business as collateral
For the whole of the following week, Paul joined hundreds of speculators in the stock exchange, buying up shares that kept rising Paul's wife warned him about the consequences of a fall in the share prices, but Paul was confident that he could make his bundle and get out before the prices dropped
Prices kept rising Paul estimated his profits to be in the region of $300,000 already if the trend continued, he would have half a million in two weeks and a million in a month He was confident that he would be a millionaire in a month's time
Two weeks later, indeed Paul's total shares were worth more than half a million dollars, and the share prices were still rising His wife advised him to sell and take the profit, but he refused Just two more weeks and he would be a millionaire, two more weeks !
The drop cam every suddenly one day At first Paul thought it was just a temporary fluctuation in the share prices He held firm, confident that the prices will rebound upwards it did the
following day and Paul regained confidence Then the prices fell again, and again In three days,
he had lost all his profits plus part of his capital If he sold then, he would have made
a dreadful loss No, he would hold on the prices would rise again
One month later, Paul had lost almost everything Share prices had reached an all-time low There was despair all round
In his greed for riches, Paul lost all his savings and now owed the bank to the tune of $200,000 Fortunately he had his retail business to fall back on He would have to work extra hard to pay off the bank
Some speculators were not so lucky They were reduced to bankruptcy Such is the price of greed
make a bundle to earn a lot of money
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BÀI LUẬN TIẾNG ANH HAY THEO CHỦ ĐỀ
dreadful very bad, shocking
fall back on to use something for help because no other choice is available