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原帖由 如花 于 2006-10-23 13:23 发表+ Z# h% J0 l, a6 D# Z- K
如果是买了nortel呢? - I% j7 B( c! b7 J& K
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On July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work 5 r I3 q. R/ J% I) @' W
for Nortel Networks, where in the summer of M& f _# |4 m1 G( X
2000, there was LOTS of money around for bonuses).
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8 K3 G+ @6 Q$ ^, a( DJim, being an intelligent, financially concientious person, put the
5 Z% ~3 L3 s4 F' ]# Z' Xwhole $1000 into Nortel Networks stock. With his $1000, and the
# ` P9 z4 i) r7 T, K- Z2 Ptransaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the + {, ^0 n, f ~7 ^1 _
Nortel stock climb and climb, he6 u" }; s, x) d- M+ o2 F: l+ {9 V
felt very good about this investment, happy that he is preparing for the future.
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John, being a more care-free sort, did something slightly different / V5 E- o7 C t" k6 u
with his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he B3 d0 A) E/ N/ i4 W; S6 y' {
purchased 33 cases of beer. John also
/ \7 [* H/ [+ [5 V7 y6 S3 Pfelt very good about his investment: 33 cases x 24 = is 792 bottles
" R& ]- i& O6 N$ x4 [# j5 [of beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim, / o" z) D# k, Q: Q* g- g2 h' B
calculated that he could drink about 15 - v* h& i# i( G1 @* e0 p
bottles per week, and he wouldn't have to buy beer for a whole
& N3 z6 m8 A' z" g7 vyear.
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Jim, of course, was appalled by John's purchase, and berated him
C- D" j9 D* P, A% l# Aconstantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to & F' {! w, k# g( D' r6 k5 Q* E5 |
dwindle. "It'll go back up", he'd say to John.. p' @+ S- y0 @. y
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John, who has been reaping the benefits of his investment on a daily
- ~3 P/ G- l, J$ F. c! W' Lbasis, would reply, "Ya, it will. Hang in there buddy".# _9 t7 A% c! M7 r
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Months went by, and the value of the stock continued to fall, and there was the beginnings of a
0 ]; J! K- `8 C& Rnoticeable dent in the beer pile.8 |& w/ x+ k1 ^3 j8 m
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Midwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was ) C3 W$ E l3 c0 m
about half gone. Jim, being sure that the4 W! L; K( w' m* G1 U2 m" w- S
stock had hit rock-bottom, still was berating John for his frivolous
$ z/ F! n5 [+ s! |purchase, telling him "Your beer will be gone in six months! Who knows what my stock will be 0 b: m6 F% G/ P8 Y( U
worth!!".
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% d- h% g. x8 ~1 C2 i0 A0 m: F9 mWell, summer has come, and hard times at Nortel continue. ) w/ a- p, x- G5 A4 N3 p5 A, {
Bad news: Both John and Jim have been affected by the layoffs.% V V7 u! V; a$ |$ l: N' l/ w
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Last week, in order to raise some cash to help through2 z0 K" n9 J+ v
the rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the
& X/ g! a( z7 D' d( V$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone
- K, c R% _& @9 p7 n3 K9 N/ S5 Cneeds their friend's during rough times), and as luck would have
* c/ J4 B3 K4 [; y0 v5 Mit, there were two bottles of John's beer left. John, being a good,
# L) J+ Q t/ e; I0 B, ] Zcompasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated 1 H# c/ |% b$ ^' @- U* E9 h
the gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I
& K, P$ D# ~8 |" V- Agot fifty bucks back out of it - you have nothing now.", he said.
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3 |0 L3 g l2 j* v6 D8 A"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he # i) z9 k0 Z: A: i- x0 I
added as his other friend with
" Q: f! S7 | f" K9 n8 E2 v' T1 bthe truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.0 O: M; j) M7 w' e
3 e& h4 Y1 U8 k9 G1 T. n7 ~Upon arrival at the beer store, they unloaded the empties, feeling a& o" h- u2 O, @4 @% G
little grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24 $ [7 Y, j9 V# F! I
bottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as, x* ?8 o( v+ i( S7 @! Y1 a
he handed him the money.
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Jim was speechless. Poor guy. Can you imagine how you
! ~* c$ \8 _, Y! J: x& cwould feel if you just discovered that over the course of the last year, your $1000 stock investment
6 s* L; G) D$ [" x* [- [) dleft you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80.
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# K8 e! n+ I0 y9 p2 k4 oI'll leave it up to the reader to come up with they're
' N0 `" G- _" ]4 i* a) Hown "moral to the story".! x3 K: Z, [+ C9 g0 O3 S4 E) w
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Have a nice day, and happy investing. |
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