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原帖由 如花 于 2006-10-23 13:23 发表6 C s# R) q# B0 M
如果是买了nortel呢?
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0 e& n9 K: n/ s, ]) BOn July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work 4 F/ r$ i+ ~0 u5 c/ {
for Nortel Networks, where in the summer of 6 @% ]" ^, ?* a. J" S
2000, there was LOTS of money around for bonuses).
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- W% ?6 a2 @6 Q+ r( C2 eJim, being an intelligent, financially concientious person, put the1 N! _% O# \3 L" c1 N9 X& m6 w) N0 u
whole $1000 into Nortel Networks stock. With his $1000, and the: g' d9 C' [2 _2 I
transaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the 2 N+ T' w- F2 N' |: p
Nortel stock climb and climb, he: U4 Z8 o) F3 n/ A# t/ p6 e3 v
felt very good about this investment, happy that he is preparing for the future.7 B; g' C! p* z3 G
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John, being a more care-free sort, did something slightly different
9 ~& y$ z- t( t7 o" t: T3 Rwith his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he 5 g) O$ j0 {4 I
purchased 33 cases of beer. John also; {% C* j/ C3 P+ z/ i$ m
felt very good about his investment: 33 cases x 24 = is 792 bottles" ? j( `5 p3 [& g/ ^3 l% E
of beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim,
0 r1 m/ N4 \- P: Z, ]; |. H' wcalculated that he could drink about 15
% e7 z+ ?* z6 bbottles per week, and he wouldn't have to buy beer for a whole
6 t% [% y, Y" k7 q }$ T* A$ hyear.# \1 q+ ?9 @) d0 e5 k# k
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Jim, of course, was appalled by John's purchase, and berated him
6 E- Q9 G3 n( s+ D0 ]; Pconstantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to - I# P7 ^- F; H" X" H; O
dwindle. "It'll go back up", he'd say to John.
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* n5 x4 R. z; E4 t/ N- z, F7 MJohn, who has been reaping the benefits of his investment on a daily
- e9 Y& I$ g: J$ K3 Obasis, would reply, "Ya, it will. Hang in there buddy".( n$ w2 i1 {3 F3 b# L: u, {
' B3 O* N9 k: t. c" Y9 y! s' K5 \- @Months went by, and the value of the stock continued to fall, and there was the beginnings of a # x5 K4 b3 d6 D: |- v$ p3 h4 e
noticeable dent in the beer pile.: Y! J1 z4 k9 D6 ~
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Midwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was
X5 s( }$ Q, `6 _2 C$ Yabout half gone. Jim, being sure that the% h/ o( z2 k& Q; I" o' X8 E Y; O* g& q
stock had hit rock-bottom, still was berating John for his frivolous
. T' M/ K5 T, b3 I; t1 apurchase, telling him "Your beer will be gone in six months! Who knows what my stock will be 9 P3 ~0 {/ c: m) \# r" y
worth!!".
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Well, summer has come, and hard times at Nortel continue. % }9 a8 x- `+ P, j
Bad news: Both John and Jim have been affected by the layoffs.& G& d [% k% J
a" i. I, w/ _) C6 ZLast week, in order to raise some cash to help through. `% @0 ~8 k4 M
the rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the # s: J, X# q; Z% |) o
$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone# b, ^3 |! V/ S0 O$ ?- W
needs their friend's during rough times), and as luck would have4 X0 m5 H, ^; ?4 ]9 `8 M5 L0 N
it, there were two bottles of John's beer left. John, being a good,7 f1 ]- [, P* O& d1 O' m
compasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated 5 P6 f7 y8 ~& h* @7 ]# p
the gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I
; [' e- b, m ?- Agot fifty bucks back out of it - you have nothing now.", he said.
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"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he ( _4 I7 ]; P' z) G* L# P$ q
added as his other friend with' b/ O; S6 L! m |6 g
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
1 w+ p4 ?+ L8 k3 u/ K" {little grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24 7 S4 q% p( I3 O+ c6 N$ ~
bottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as- l, _% ^- g' d ]
he handed him the money. 6 r. l L, y2 s8 E' y5 f
0 K- `- \: \9 \+ W/ `0 |4 zJim was speechless. Poor guy. Can you imagine how you
8 b: w# V5 B; c3 _would feel if you just discovered that over the course of the last year, your $1000 stock investment
& f* r5 i& G& `" v+ eleft you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80.
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8 n3 `. t& x0 _, o) oI'll leave it up to the reader to come up with they're
, \1 b( w6 t- l# Xown "moral to the story"./ A+ g% a. S# |+ h
8 l6 ?0 {! ?$ D. Z7 y9 }4 i" F f/ QHave a nice day, and happy investing. |
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