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原帖由 如花 于 2006-10-23 13:23 发表
" v) l3 ~) e) ?2 N# V- l7 U如果是买了nortel呢? 7 A7 z7 W* Z" [% ?
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On July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work 5 M2 ~6 ^& T( D" W
for Nortel Networks, where in the summer of ) u3 ?# ^' L: h) ^8 P! ~4 e( D+ G
2000, there was LOTS of money around for bonuses). 6 N" q$ o: u0 }1 I. P' v+ Z5 T, J
& e" |0 F9 k+ @$ |& \' }0 m$ `Jim, being an intelligent, financially concientious person, put the
9 \7 I5 ]9 S' kwhole $1000 into Nortel Networks stock. With his $1000, and the
' i# F7 p* u4 k3 Y( Ptransaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the
( i. G {% A( E! B) O& DNortel stock climb and climb, he
9 @- |2 z. l3 w: L8 vfelt very good about this investment, happy that he is preparing for the future.* ?7 U7 t7 y3 e8 j- x, u
' \" A' M1 ]/ \, P* ?' r7 qJohn, being a more care-free sort, did something slightly different 9 O$ j7 D5 ]) g. h8 @
with his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he
+ K9 u4 V5 p" upurchased 33 cases of beer. John also5 ~$ Y9 I! U" _" Y2 a2 b, b( m
felt very good about his investment: 33 cases x 24 = is 792 bottles% v' r+ p& a( J4 W( r+ ^
of beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim,
1 d% z5 x0 D# b+ M) @9 ?, F. @, }5 Vcalculated that he could drink about 15
5 |: a2 ]; c$ z" xbottles per week, and he wouldn't have to buy beer for a whole
$ j& h. p9 D* s" b. Q7 s, ^' c) K$ Gyear.6 f2 N {; Q9 E1 N3 C
) {% h' O. \6 T* \% C% vJim, of course, was appalled by John's purchase, and berated him* O }8 y" x! G. S
constantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to % ^9 l& i- L+ v, ^7 W/ j" U/ \' E
dwindle. "It'll go back up", he'd say to John.
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) i. E9 e# {$ e% z0 F8 }John, who has been reaping the benefits of his investment on a daily
; x9 B- ]3 R8 a) n" b, B; G5 ebasis, would reply, "Ya, it will. Hang in there buddy".
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* y# q# B( A1 h6 }5 T+ s* sMonths went by, and the value of the stock continued to fall, and there was the beginnings of a & P3 \; M, B% ]8 V% |+ o9 L
noticeable dent in the beer pile.# \) `) z+ o$ t% E
! ^, N- k; G5 q r# P+ EMidwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was ' @/ j) R: q# q9 l$ F
about half gone. Jim, being sure that the
0 K6 t8 i$ ?7 x/ W2 `6 ]& {stock had hit rock-bottom, still was berating John for his frivolous- t6 j2 [9 B Q- h9 l
purchase, telling him "Your beer will be gone in six months! Who knows what my stock will be {$ d2 Z/ f: e% ~$ ?$ M; ?2 I) w
worth!!".
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* a9 ^/ i1 E6 }+ H: @) Z; R7 cWell, summer has come, and hard times at Nortel continue.
& t( R* Y" a2 a! z- T BBad news: Both John and Jim have been affected by the layoffs., D; ~2 t- b) I, Y: |
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Last week, in order to raise some cash to help through
5 A. Q0 D% i% R+ {4 kthe rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the
/ n0 I/ k0 N% G3 G$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone
- V5 L$ d& H; N' d- d( Eneeds their friend's during rough times), and as luck would have% A3 Q- v: U! a3 u/ N
it, there were two bottles of John's beer left. John, being a good,
4 _" y. C0 o$ |; [) ?- `' ?: d# Fcompasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated
8 Y8 y" i$ {3 V4 ]/ ^8 ?the gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I 9 w7 X s$ E; J) ^3 G+ O
got fifty bucks back out of it - you have nothing now.", he said. & K4 m1 V3 V2 d# o
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"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he
& d! b& _+ C; s: o. M# l! u6 ladded as his other friend with
* M3 n9 c. m1 ^ G Fthe 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
" b* ?$ j# S8 s* e6 rlittle grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24
9 K! T0 Z2 n1 O7 C' P a- e7 T6 Zbottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as* n5 k/ B& V! ]- c7 s
he handed him the money. 1 ?0 i5 ^' `% I/ F; y( c x0 _" p1 Y
' n# I# k2 L3 u0 _) H; @1 FJim was speechless. Poor guy. Can you imagine how you
5 {: A5 Y7 h# S2 V' J6 Ywould feel if you just discovered that over the course of the last year, your $1000 stock investment . ^2 O2 u! e9 X
left you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80.
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) G) Y0 P' h3 N; Y, j" tI'll leave it up to the reader to come up with they're/ L1 G. ^- Z9 t! q$ Q% a( k6 y
own "moral to the story".
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% { U" [6 t$ y2 UHave a nice day, and happy investing. |
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