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原帖由 如花 于 2006-10-23 13:23 发表
: W1 n! ]5 g# X5 ?2 d2 p& E- W7 E如果是买了nortel呢?
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( _. R: a2 j* H4 N1 EOn July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work
3 a. E6 N+ M5 y! w) hfor Nortel Networks, where in the summer of ( m3 d) H% w7 ?' l
2000, there was LOTS of money around for bonuses).
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8 S1 B2 l; H6 T) }& cJim, being an intelligent, financially concientious person, put the9 n; G' H! ^' G9 V8 V; z
whole $1000 into Nortel Networks stock. With his $1000, and the( L, O3 m/ D& A
transaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the ( H+ K4 |) l) x% ?
Nortel stock climb and climb, he7 |1 ^: Y- q$ i* x. C
felt very good about this investment, happy that he is preparing for the future.- D. p: J |3 B8 T& S
) g: |8 \: P3 d1 cJohn, being a more care-free sort, did something slightly different
& i7 B$ ~, h: ^2 Q: c( K. g- j2 W& cwith his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he
4 W# |' [: w6 G$ l6 K+ F6 s1 apurchased 33 cases of beer. John also
6 K8 \3 E" {5 u* e% E5 Bfelt very good about his investment: 33 cases x 24 = is 792 bottles8 H C0 c7 v9 ]# l
of beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim,
& f {" K1 ?6 ^( j' J8 \$ p% S+ dcalculated that he could drink about 15
) A+ G* L' [5 N) r$ L' M' {' ^; `5 Ebottles per week, and he wouldn't have to buy beer for a whole
$ ~ r% l0 P; m% R5 dyear.
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6 |. h+ @3 ~) _9 S, fJim, of course, was appalled by John's purchase, and berated him. c: W ~6 X. U4 H4 Z3 C9 e! Y
constantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to
5 _5 \- I5 T* P! x: j: ]8 Ldwindle. "It'll go back up", he'd say to John.+ b4 y1 T7 K9 ~: v5 O1 S
+ ~' @4 T- ?- ^! O' V# `$ w7 f1 PJohn, who has been reaping the benefits of his investment on a daily
7 E1 @! F* W6 {8 p Dbasis, would reply, "Ya, it will. Hang in there buddy".+ Q6 C9 k& t* X; T& V' F
' q t0 z, _3 a2 l" ~Months went by, and the value of the stock continued to fall, and there was the beginnings of a - n2 i8 E2 Z6 ^8 J
noticeable dent in the beer pile.; _: ]5 y" C* N# S/ F* l+ s' v5 \
, F% I* x$ I( R+ A& q8 IMidwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was
9 _6 z4 A! j/ qabout half gone. Jim, being sure that the
4 J6 y% M& Y/ I- E2 L3 ]8 l5 Y Hstock had hit rock-bottom, still was berating John for his frivolous
5 R3 o$ f; u! [8 cpurchase, telling him "Your beer will be gone in six months! Who knows what my stock will be ' }( ]5 k* B4 w k+ \! h
worth!!".6 Y0 ]0 D3 Y7 e4 q B. H% J% |( R
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Well, summer has come, and hard times at Nortel continue.
/ z' L' q. G _1 m* p% ~Bad news: Both John and Jim have been affected by the layoffs.
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Last week, in order to raise some cash to help through1 [4 E( b6 Z+ @. V" L- E
the rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the
' h2 D- T ]: f# y {5 } g$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone
* r% i! J. k! ^7 c! h+ j# w2 O2 W/ G7 ~needs their friend's during rough times), and as luck would have' E! e$ Z; H( Q
it, there were two bottles of John's beer left. John, being a good,
5 O2 L7 o/ y' \ S7 l9 z! ?compasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated
8 V a z, x0 Z. F6 othe gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I . d+ A( N7 U- J8 P# E
got fifty bucks back out of it - you have nothing now.", he said.
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8 A" p# ]8 d3 K0 K- D5 f"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he
0 n, u9 V( Q; \9 y0 jadded as his other friend with/ m' l1 ~- e4 J' R7 f& ?: z
the truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.
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/ ]$ V1 ~) ^9 s' c8 d! k* ?Upon arrival at the beer store, they unloaded the empties, feeling a% m6 [# m/ J) h' B3 w' E
little grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24
3 C; f ^# U8 {6 K% y6 cbottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as( E/ m( U6 K! w+ W* O
he handed him the money. : o' b2 Z( @ M5 B
4 o# F$ T6 h) mJim was speechless. Poor guy. Can you imagine how you* \1 ?" Y6 b7 b. q3 e- a O/ X
would feel if you just discovered that over the course of the last year, your $1000 stock investment & n, o! \4 B4 t; _1 A! p ?, g# B C0 ~
left you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80.
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I'll leave it up to the reader to come up with they're
1 ~1 k+ [ j# i' P6 \% eown "moral to the story".: r/ i0 P- J8 x7 X$ Y
1 O u. Y7 K( h0 [Have a nice day, and happy investing. |
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