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原帖由 如花 于 2006-10-23 13:23 发表
. v. H& x: S, s( b ]" ~5 l/ C如果是买了nortel呢?
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" r; q$ [# X1 J/ z" m& sOn July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work
) P' x0 L3 j$ ~4 y9 ^- Kfor Nortel Networks, where in the summer of
. s: H" e. z. E1 X; Z# U- o2000, there was LOTS of money around for bonuses).
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% T2 Z/ j( @3 F- H- \2 aJim, being an intelligent, financially concientious person, put the P. u0 W$ f* g# X: v
whole $1000 into Nortel Networks stock. With his $1000, and the/ F% @, h" e5 L# y1 l6 r6 v
transaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the 2 X9 V. p, Q: m, z/ i
Nortel stock climb and climb, he# `8 K* t: C# Q3 s0 e
felt very good about this investment, happy that he is preparing for the future.
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; z" ?, ^8 ?5 BJohn, being a more care-free sort, did something slightly different # O3 ?. z G, E" U/ S4 ]
with his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he . {/ Z" c7 @4 V0 {
purchased 33 cases of beer. John also
: d6 l+ r6 i3 J& i% I9 p1 H) `1 h9 yfelt very good about his investment: 33 cases x 24 = is 792 bottles4 [7 V* S& h! C2 }( Z( ?
of beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim, 2 ~ F8 x) A6 B4 k2 K6 H
calculated that he could drink about 15
' \# t9 U9 _+ l# s r& bbottles per week, and he wouldn't have to buy beer for a whole+ A! R- ~1 i& {2 c! V5 A
year.
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Jim, of course, was appalled by John's purchase, and berated him$ r Z, I1 }# W. G: j
constantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to
8 P. b% _" z4 ]6 G0 j: qdwindle. "It'll go back up", he'd say to John./ T& V! l7 w7 M& r& q7 c
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John, who has been reaping the benefits of his investment on a daily2 S8 J7 ?' i4 S, p
basis, would reply, "Ya, it will. Hang in there buddy".
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Months went by, and the value of the stock continued to fall, and there was the beginnings of a + x3 R" G" `3 h% t0 N
noticeable dent in the beer pile.% Q! f& v6 O4 f3 \! ^
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Midwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was
, ^, f% a* s8 labout half gone. Jim, being sure that the% Z$ X3 r# D% Y- o8 U* _
stock had hit rock-bottom, still was berating John for his frivolous) Z. `' c! l% A/ [
purchase, telling him "Your beer will be gone in six months! Who knows what my stock will be ' F* w& ]4 i3 k% D, L7 S. v
worth!!".: U$ M& E) ]# l8 l
3 R) X4 m8 M$ h5 uWell, summer has come, and hard times at Nortel continue.
/ s" {0 n7 Y0 F9 N6 CBad news: Both John and Jim have been affected by the layoffs.
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& ?0 u' G& f; J, C6 ]Last week, in order to raise some cash to help through
3 M; p. q, d3 Z3 _% M2 dthe rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the , E+ F6 M: H% t
$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone* S ?7 d, g/ Y& w$ R5 s8 ]6 _
needs their friend's during rough times), and as luck would have+ J6 k1 D) W( g. k* C
it, there were two bottles of John's beer left. John, being a good,* ^+ m3 J8 {3 l3 R
compasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated
$ v4 C/ P: k+ z9 `. k' Wthe gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I
* R n: z- G, A; Wgot fifty bucks back out of it - you have nothing now.", he said. # g5 A9 ], c9 K1 f9 V& @7 z8 T
" j5 d ^$ E) K- T1 U: @% _5 F"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he - d5 ?8 ~7 C5 k4 w
added as his other friend with
/ d+ _) e9 k: ]$ K: ]: R6 [, [the truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.
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" F: p4 K1 i6 Z8 j0 Y& t0 @Upon arrival at the beer store, they unloaded the empties, feeling a
$ [: S; q, r" M) hlittle grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24
5 Z# G# D9 l' ?+ pbottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as# Y) n" X3 ~( J9 [
he handed him the money. ) `" W3 K/ W7 u' l0 [, d
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Jim was speechless. Poor guy. Can you imagine how you! T' [: y9 `% q7 t
would feel if you just discovered that over the course of the last year, your $1000 stock investment . D$ d( |; M9 W+ j; n- } H' w" ^, r
left you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80. 7 A6 g5 O9 O$ d0 x$ C
+ [: J Z z0 iI'll leave it up to the reader to come up with they're5 h1 h& O# d. f
own "moral to the story".1 x! \- b8 v# c% [) T
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Have a nice day, and happy investing. |
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