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原帖由 如花 于 2006-10-23 13:23 发表
) O( Y; V- }$ z" P3 K* m! g如果是买了nortel呢?
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2 k( \* l3 z- }1 S8 N+ ZOn July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work 1 o6 V7 H3 y/ t9 R
for Nortel Networks, where in the summer of
5 v) {: y4 j; _* f2000, there was LOTS of money around for bonuses). * n' w9 p- s. i
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Jim, being an intelligent, financially concientious person, put the
/ z0 Z6 U; _6 P1 Uwhole $1000 into Nortel Networks stock. With his $1000, and the
) j$ P2 I' u6 ~5 {9 g' ctransaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the 9 ]& r+ _# k# b- r, [ b0 Y! q
Nortel stock climb and climb, he
1 ~0 G" H/ [% |) k+ mfelt very good about this investment, happy that he is preparing for the future.* F& `7 t5 b0 G
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John, being a more care-free sort, did something slightly different
, I# M, ?+ w' z! d% ]3 J5 W4 L; iwith his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he 5 T8 `/ I0 r( Z6 c0 T5 q1 t
purchased 33 cases of beer. John also
1 L/ d$ S! \1 ^3 r1 mfelt very good about his investment: 33 cases x 24 = is 792 bottles
% K- \- d7 t: s. A1 jof beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim,
0 B- E6 i/ i; q | ?. ~calculated that he could drink about 15
" c' g* u% M0 r& Wbottles per week, and he wouldn't have to buy beer for a whole q( k! Q& L* p+ U. n# I! ~2 v
year.
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Jim, of course, was appalled by John's purchase, and berated him
% B3 Y. _* Q. X: z! y/ e, J( E7 zconstantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to
! ?+ b& h/ j/ e) A3 Q% Rdwindle. "It'll go back up", he'd say to John.
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John, who has been reaping the benefits of his investment on a daily* Y4 ^, t6 L. c2 E9 L0 X& b
basis, would reply, "Ya, it will. Hang in there buddy".: E# F9 }! T: B* Y
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Months went by, and the value of the stock continued to fall, and there was the beginnings of a
* ]" z; G. m B8 Enoticeable dent in the beer pile.
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Midwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was 2 ?- g/ s# A4 i5 {2 k
about half gone. Jim, being sure that the# l& b! I5 h2 @& C/ H
stock had hit rock-bottom, still was berating John for his frivolous* E' D+ i3 c' M: N
purchase, telling him "Your beer will be gone in six months! Who knows what my stock will be
9 n$ H2 }* v6 Eworth!!".
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Well, summer has come, and hard times at Nortel continue. 9 |7 W* \" X: P# L% R' j
Bad news: Both John and Jim have been affected by the layoffs.& B0 I* K. p! N& N( b
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Last week, in order to raise some cash to help through; ]9 L) \" `, `; [
the rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the 9 ` K; R2 d& x$ t
$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone
; \- v8 |& L7 b" Lneeds their friend's during rough times), and as luck would have% { x# \! v" r I6 W1 Q( P
it, there were two bottles of John's beer left. John, being a good,
# m$ L+ x, \/ P; Y. M6 f. b+ Ucompasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated
) h# y& l6 ?' Q; dthe gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I 1 J. x" r0 H, _# E+ s* t. d: U: {0 L
got fifty bucks back out of it - you have nothing now.", he said. 7 { ?3 f$ P2 \5 ^$ O
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"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he
0 v {+ l! Y/ U% M+ E. ?8 j# Xadded as his other friend with
! y; G: q3 C" {3 q2 P) lthe truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.2 o3 W0 n; t$ ~4 ~
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Upon arrival at the beer store, they unloaded the empties, feeling a
5 ?2 k4 t8 W, _* s# R1 L2 Q5 clittle grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24 ' K, }: O1 \& Z6 ~0 }3 E0 R) D
bottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as, F, z2 G0 P/ {6 k1 D8 G, B
he handed him the money. , `! L8 h$ B* E5 n) G& F% d4 T1 G1 l% r
! n( Z6 l! @- J, B0 D. M) GJim was speechless. Poor guy. Can you imagine how you% \# f) D4 T2 i, `8 W+ A Z
would feel if you just discovered that over the course of the last year, your $1000 stock investment ; j4 r, D% E) p' q3 o* z9 d
left you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80. 4 N2 t& `; B4 a
; \0 i% B3 |, C+ p6 I, [2 s* fI'll leave it up to the reader to come up with they're
+ B U% C, o" [3 G0 B! Sown "moral to the story".
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Have a nice day, and happy investing. |
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