Re: 報個牌 - 財經

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轉一篇以前mojobubble給我看的文
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"Mr. Partridge, I have just sold my Climax Motors. My people say the market
is entitled to a reaction and that I'll be able to buy it back cheaper. So
you'd better do likewise. That is, if you've still got yours."

"Yes, Mr.Harwood, I still have it. Of course!" said Turkey grateuflly. It
was nice of Elmer ot think of the old chap.

"Well, now is the time to take your profit and get in again on the next
dip," said Elmer, as if he had just make out the deposit slip for the old
man. Failing to perceive enthusiastic gratitude in the beneficiary's face
Elmer went on: "I have just sold every share I owned!"

From his voice and manner you would have consevatively estimated it at ten
thousand shares.

But Mr.Partridge shook his head regretfully and whinned, "No! No! I can't
do that!"

"What?" yelled Elmer.

"I simply can't!" said Mr. Partridge. He was in great touble.

"Didn't I give you the tip to buy it?"

"You did, Mr. Harwood, and I am very grateful to you. Indeed, I am, sir.
But ---"

"Hold on! Let me talk! And didn't that stock go up seven points in ten
days? Didn't it?"

"It did, and I am much obliged to you, my dear boy. But I couldn't think
of selling that stock."

"You couldn't?" asked Elmer, beginning to look doubtful himself. It is a
habit with most tip givers to be tip takers.

"No, I couldn't."

"Why not?" And Elmer drew nearer.

"Why, this is a bull market!" The old fellow said it as though he had given
a long and detailed explanation.

"That's alright," said Elmer, looking angry because of his disappointment.
"I know this is a bull market as well as you do. But you'd better slip them
that stock of yours and buy it back on the reaction. You might as well
reduce the cost to yourself.

"My dear boy," said old Partridge, in great distress, "my dear boy, if I
sold that stock now I'd lose my position; and then where would I be?"

Elmer Harwood threw up his hands, shook his head and walked over to me to
get sympathy: "Can you beat it?" he asked me in a stage whisper. "I ask
you!"

I didn't say anything. So he went on: "I give hime a tip on Climax Motors.
He buys five hundred shares. He's got seven points' profit and I advise him
to get out and buy 'em back on the reaction that's overdue even now. And
what does he say when I tell him? He says that if he sells he'll lose his
job. What do you know about that?"

"I beg your pardon, Mr. Harwood; I didn't say I'd lose my job," cut in old
Turkey. "I said I'd lose my position. And when you are as old as I am and
you've been through as many booms and panics as I have, you'll know that
to lose your position is something nobody can afford; not even John D.
Rockefeller. I hope the stock reacts and that you will be able to
repurchase your line at a substantial concession, sir. But I myself can
only trade in accordance with the experience of many years. I paid a high
price for it and I don't feel like throwing away a second tuition fee. But
I am as much obliged to you as if I had the money in the bank. It's a bull
market, you know." And he strutted away, leaving Elmer dazed.

--
"We have to understand the possible and positive relation between technology,
culture and politics. They are not enemies. Tech is more than work and money.
Culture is more than just some temples or paintings. Politics is not owned by
the politicians or the media manipulation channels."
---Geert Lovink

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