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原帖由 如花 于 2006-10-23 13:23 发表
8 f- z! ]9 N2 G8 s0 L: q* t如果是买了nortel呢? $ h# w9 G; P7 L
9 e( p$ \ Z ?6 L h) n* y7 M- pOn July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work
5 y2 [0 u& C% o, N1 Ifor Nortel Networks, where in the summer of - D8 `/ C9 c3 J/ E6 w1 J# L, W, O+ H+ _
2000, there was LOTS of money around for bonuses). , a. B- z6 h1 Z5 w2 R
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Jim, being an intelligent, financially concientious person, put the
: g( M/ B; y7 w5 y" V/ Iwhole $1000 into Nortel Networks stock. With his $1000, and the' J/ j- m% q% A- D6 V
transaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the 2 c& G# b8 p% h7 I0 b
Nortel stock climb and climb, he
( q/ }5 {- O P* h/ bfelt very good about this investment, happy that he is preparing for the future.% L% e% b! q: Z# r: h0 D
- S4 Q, D1 s% S" G ^% {# Z7 MJohn, being a more care-free sort, did something slightly different , B! V+ b+ T" n9 W
with his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he % V) L: r) q. M, k0 M# \
purchased 33 cases of beer. John also3 D5 v3 M' ]) s/ K9 J% u0 w: p& P* p
felt very good about his investment: 33 cases x 24 = is 792 bottles
; r! g9 |9 P, q: S+ ]* }of beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim, * m" [ ~6 F7 Y$ I5 V0 D' e4 T
calculated that he could drink about 15
0 A$ O8 P# u( _% `# j8 k2 ^" M% O5 sbottles per week, and he wouldn't have to buy beer for a whole3 T% n$ ?3 `4 R/ G O+ m
year.
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9 D! G8 f5 ?# M* _! SJim, of course, was appalled by John's purchase, and berated him) X6 r( H- I" K0 f& M
constantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to 6 s# _9 r5 |9 n6 Y! w
dwindle. "It'll go back up", he'd say to John. E% I% ]7 \4 [* G
N0 H! C" Q# n, O4 [% lJohn, who has been reaping the benefits of his investment on a daily! u* t( H! n1 g, s, b
basis, would reply, "Ya, it will. Hang in there buddy".- E% @- n& y5 _1 U; K9 u
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Months went by, and the value of the stock continued to fall, and there was the beginnings of a
+ G* u5 f4 ?( Nnoticeable dent in the beer pile.
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# x! E, \+ z) v$ o" N XMidwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was
5 E! C" M% z. V- R$ M6 Tabout half gone. Jim, being sure that the" `2 I4 k3 S0 U7 F- ~
stock had hit rock-bottom, still was berating John for his frivolous7 h) ~ l' d% V
purchase, telling him "Your beer will be gone in six months! Who knows what my stock will be * W; A; z4 w1 v7 P3 E
worth!!".
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Well, summer has come, and hard times at Nortel continue.
- Z; p6 a( Q% T3 }9 o6 s! N1 F4 aBad news: Both John and Jim have been affected by the layoffs.( \- ?* j8 D) E5 `, u) A9 T6 D
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Last week, in order to raise some cash to help through
1 @/ c- {, Q& l# ]1 J# Sthe rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the
' I( \' E. |( J2 ]) b. _$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone1 R0 L+ g# R& b0 S! E" X9 A6 j! r" T
needs their friend's during rough times), and as luck would have
$ {3 c/ X- G) w0 ~8 Y3 dit, there were two bottles of John's beer left. John, being a good,
: X9 I8 ^7 T) `! ]9 y5 Xcompasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated ; F. o" \1 D: s" m5 s: Z5 D
the gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I
+ j+ J4 @: O! c( Y7 H8 tgot fifty bucks back out of it - you have nothing now.", he said. X& y& R2 J! z4 D$ B
! W G2 Z" P/ l9 F+ H# P9 b1 d"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he 2 C, f1 u/ n/ ?1 _! Z
added as his other friend with7 b$ s8 z o& q+ x
the 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
- g' Z0 M4 M: z H/ h$ Z2 K4 @little grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24 2 \1 L y9 t3 y. K& a
bottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as
4 S9 E5 D: c! j0 \, b4 Q( Fhe handed him the money.
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Jim was speechless. Poor guy. Can you imagine how you& y. [, O( N6 T* U6 O& z. H
would feel if you just discovered that over the course of the last year, your $1000 stock investment * [* Q+ P% t" E3 X: G9 S( V
left you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80. # I) j) H/ h- j" h, m! e# d
. j7 L I1 \: }I'll leave it up to the reader to come up with they're6 |1 l# l$ z- |8 S" k3 v. l
own "moral to the story".9 \! ~# [+ M3 H4 V
3 s: N: U% ^6 t6 X0 ?8 y" ]/ U0 [Have a nice day, and happy investing. |
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