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原帖由 如花 于 2006-10-23 13:23 发表
+ S2 P7 \$ ]+ ~如果是买了nortel呢? c+ F4 Z. M( r r5 s0 }! A! o0 B3 d- {
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On July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work " n, h9 S/ y, s5 X6 N8 a$ t
for Nortel Networks, where in the summer of L0 d* m0 s+ ?% Q! l
2000, there was LOTS of money around for bonuses).
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3 g8 f k# G! ^% |8 a! V. ^" ?Jim, being an intelligent, financially concientious person, put the$ T: } I+ N% i w9 A! o
whole $1000 into Nortel Networks stock. With his $1000, and the
" A$ }4 E6 K$ _! rtransaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the
9 w) y% u @" j2 nNortel stock climb and climb, he. D8 J4 R5 t$ c9 j
felt very good about this investment, happy that he is preparing for the future.& V& i, k7 l' V: j Q6 L3 [+ E
3 x; f9 y& Q8 a# j( FJohn, being a more care-free sort, did something slightly different 3 a: E' n: ?; S+ M" t
with his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he
* z4 t3 M+ m$ o5 q2 T& Upurchased 33 cases of beer. John also# r7 u3 k8 X, X
felt very good about his investment: 33 cases x 24 = is 792 bottles$ r4 B5 G/ M& ~8 g
of beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim, ' o/ W5 o! ~ \, Z" i. @9 _( {: h
calculated that he could drink about 15 9 H6 f, P K) H' f0 }
bottles per week, and he wouldn't have to buy beer for a whole
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Jim, of course, was appalled by John's purchase, and berated him4 z. R+ Q* m0 _5 p+ ?
constantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to
7 _4 W. F+ Q. |& f, rdwindle. "It'll go back up", he'd say to John.
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& [+ P# c' [' N" J9 S. NJohn, who has been reaping the benefits of his investment on a daily) s& O+ {* a' S h; `( d
basis, would reply, "Ya, it will. Hang in there buddy".% x+ M% \ a- X6 `
1 L5 |2 b0 [4 v" g: |' _4 kMonths went by, and the value of the stock continued to fall, and there was the beginnings of a
; ^; P& x6 t @6 s' Y4 d1 ]noticeable dent in the beer pile.; n5 f6 _1 l+ w1 B
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Midwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was & B4 t' @) J$ g& W
about half gone. Jim, being sure that the8 L& K6 a' A! r, s6 g
stock had hit rock-bottom, still was berating John for his frivolous
' o& p5 k$ S+ r1 `, _purchase, telling him "Your beer will be gone in six months! Who knows what my stock will be
; D# t/ @9 x: ^4 L2 B) W- W, xworth!!"." T9 c+ |5 d( U- \
% k9 Z: ]9 m- A+ HWell, summer has come, and hard times at Nortel continue. 2 U( z' W+ m( {& m# @2 H
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 through( }* @$ ^- E6 u1 |
the rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the
" ^: X. {8 n& _, f2 x$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone0 d# }* C$ l j1 l4 G
needs their friend's during rough times), and as luck would have
. p; f! R) |; v, ]" Qit, there were two bottles of John's beer left. John, being a good,6 B z/ b8 g! v0 F
compasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated . r6 V% D; W; \$ T& ~
the gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I 9 r: i% N7 T- X' r: B* w, [
got fifty bucks back out of it - you have nothing now.", he said.
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7 f6 n M, ]' K"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he / P, ]; ]+ w* R/ I$ K
added as his other friend with/ G6 ^# w$ ~: e8 ]
the truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.
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Upon arrival at the beer store, they unloaded the empties, feeling a- G2 O6 j0 G" o4 X& H9 c9 O
little grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24 - M- T- B, _9 R3 W
bottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as
8 y- `" V' b! ?1 T; {0 Q% @1 \3 zhe handed him the money. 2 s" d: k/ V5 p2 X; c* i' T
" D0 L- d9 B2 NJim was speechless. Poor guy. Can you imagine how you
8 m2 \0 `0 l' Bwould feel if you just discovered that over the course of the last year, your $1000 stock investment ( b, b$ e% ]: h- Q( k2 } C' L
left you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80.
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) }$ t1 k9 K) J6 fI'll leave it up to the reader to come up with they're
' B" u3 F6 j9 \( U9 Vown "moral to the story".
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Have a nice day, and happy investing. |
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