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原帖由 如花 于 2006-10-23 13:23 发表
- E; W1 e" c) G* c如果是买了nortel呢?
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On July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work # n$ t/ u- C0 k* {
for Nortel Networks, where in the summer of & I, ^+ e$ y5 X' z
2000, there was LOTS of money around for bonuses). 3 G/ {* l$ D/ O7 k. S
* {1 w6 @* U3 Q' Y& WJim, being an intelligent, financially concientious person, put the
( x, @7 T& g- F" H0 nwhole $1000 into Nortel Networks stock. With his $1000, and the
1 m' g! e+ z( i0 |transaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the
2 O- t4 y# N, KNortel stock climb and climb, he
o8 _& D' H' u2 B: p2 Vfelt very good about this investment, happy that he is preparing for the future.6 u* A, l" `4 } O. K+ S
( Y1 t/ K, U3 ~+ i f5 [John, being a more care-free sort, did something slightly different $ |! M5 a6 ~$ L2 a
with his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he 8 w8 w' H1 X" ?8 w8 @
purchased 33 cases of beer. John also
: ~1 L5 ` m3 D8 F' \3 Cfelt very good about his investment: 33 cases x 24 = is 792 bottles( j: d% A" l+ W: o* _
of beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim, % r& G: n" a+ C$ R
calculated that he could drink about 15 6 X' x! L. E, }) p, h0 C3 r6 x, Q8 h
bottles per week, and he wouldn't have to buy beer for a whole4 @8 E1 K6 T" A
year.) P h3 l2 i$ |5 k3 k6 H
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Jim, of course, was appalled by John's purchase, and berated him; Y* F% r% m. H3 _
constantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to O' A1 B7 @3 x0 R
dwindle. "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 daily6 o$ Q2 ~4 q$ N" f& F$ r1 l
basis, would reply, "Ya, it will. Hang in there buddy".' u/ k" N0 |9 U2 I# `' ]" h8 J2 U
" u) v' V% p% H9 B) W1 XMonths went by, and the value of the stock continued to fall, and there was the beginnings of a
- \! M0 I) Q- b& ^2 _noticeable dent in the beer pile.
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6 L- a1 u: f2 X0 j% ~Midwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was
6 f' \$ R6 t$ H( w7 f6 P1 jabout half gone. Jim, being sure that the! B- r- }: J, l* v7 v. M; x5 b
stock had hit rock-bottom, still was berating John for his frivolous
5 M7 c; L! K0 v+ vpurchase, telling him "Your beer will be gone in six months! Who knows what my stock will be
/ w: R) D1 t1 l$ M- fworth!!".
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Well, summer has come, and hard times at Nortel continue.
) l$ k5 o# t8 Z( ]2 k" ZBad news: Both John and Jim have been affected by the layoffs.
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# G; z% p5 \) Y n) ^# @Last week, in order to raise some cash to help through9 b+ Y r x8 R
the rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the 3 ^# R5 e, A `( U3 {, r2 d
$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone4 @/ C9 |2 c: U: u( X2 J
needs their friend's during rough times), and as luck would have
4 E5 G+ P8 k+ T3 B! Bit, there were two bottles of John's beer left. John, being a good,
- k, _0 U# p4 _- n J5 j4 c( wcompasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated ' a9 O+ W( q8 B# Y* F! }6 N
the gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I
1 s- n$ V- S6 v9 }got fifty bucks back out of it - you have nothing now.", he said.
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2 P" } U; r1 h3 M, h# ?( `6 C) a"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he . u3 }! `9 ?: S% ]5 V- i
added as his other friend with
, a. p6 U# H5 P# kthe truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.2 Q& a0 a& u" v3 @2 Q9 S4 u
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Upon arrival at the beer store, they unloaded the empties, feeling a
% z3 Q. G: P5 vlittle grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24
- H# p0 ?% i: {" a. \- j& qbottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as
! O9 i# u1 w Q: phe handed him the money.
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Jim was speechless. Poor guy. Can you imagine how you5 m& U6 j' t! K# E. ^2 x$ D5 f2 ]# a( J
would feel if you just discovered that over the course of the last year, your $1000 stock investment - v# U' e* I5 T1 }4 x0 p
left you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80.
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2 Q0 k" U' O. K$ i5 @I'll leave it up to the reader to come up with they're
: ~. T5 C6 _, ~0 ] t% e3 Y+ |5 Rown "moral to the story".6 H0 ~4 ?/ y7 G! j
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Have a nice day, and happy investing. |
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