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原帖由 如花 于 2006-10-23 13:23 发表
& P0 M9 d2 w5 S; D如果是买了nortel呢?
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On July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work
5 z% s a6 _6 s2 c0 g! R B* l$ afor Nortel Networks, where in the summer of
2 G5 f0 R7 J/ c2000, there was LOTS of money around for bonuses).
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Jim, being an intelligent, financially concientious person, put the _# h4 ?; Y6 @
whole $1000 into Nortel Networks stock. With his $1000, and the9 i. @6 M, I" M3 }. k2 O9 S5 q
transaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the
: _5 y' ^5 c g5 |) xNortel stock climb and climb, he
1 I! Y x4 \" O2 a/ k3 cfelt very good about this investment, happy that he is preparing for the future.0 w$ g, J2 R* y9 g6 S! e6 ]* @
2 u& K- ]9 a/ v! u) T3 sJohn, being a more care-free sort, did something slightly different
3 t7 y" R; o( N8 P% K8 swith his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he
2 B& l. v! ]3 k/ G$ G6 W+ ypurchased 33 cases of beer. John also
, f _8 s. N3 c) b# s/ Zfelt very good about his investment: 33 cases x 24 = is 792 bottles7 ~5 w t5 s1 s: n$ u# t8 F" B
of beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim, 9 @# B5 f1 H/ v5 ~7 H6 ?# s
calculated that he could drink about 15
3 s' T M+ |/ G; G4 R' c9 l" ]bottles per week, and he wouldn't have to buy beer for a whole) |4 T+ `& K" ]* c! O% z
year.! K- Z5 B$ C5 R" U1 [
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Jim, of course, was appalled by John's purchase, and berated him
; k' G" _* ]: o, Y5 ?constantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to & R5 z- u' {/ V& F1 x2 ~
dwindle. "It'll go back up", he'd say to John.
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8 g& \0 Y8 w8 _9 z6 H7 r$ V/ uJohn, who has been reaping the benefits of his investment on a daily
, |! e( I" T# [2 Tbasis, 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
% m: g& O. f7 F4 I; `/ dnoticeable dent in the beer pile.
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( Q. Q5 v9 | BMidwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was * M3 C. s3 }' e+ y7 G
about half gone. Jim, being sure that the
5 Y) k8 p, G! R% vstock had hit rock-bottom, still was berating John for his frivolous
" g, C7 f1 d, `7 v6 l% V- ~purchase, telling him "Your beer will be gone in six months! Who knows what my stock will be : Q$ F" G- p1 M
worth!!".1 E, N: g9 |' [1 j0 d. ~
& [8 N, j* G9 o8 J* fWell, summer has come, and hard times at Nortel continue.
, L2 M" Z& v4 GBad news: Both John and Jim have been affected by the layoffs.- ?) j6 K, w3 Q" E0 p
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Last week, in order to raise some cash to help through5 F4 Q$ k5 W7 V% A |
the rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the - a% s' m8 k; T4 e' T
$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone3 H. b3 P) ?, a7 v3 G( A
needs their friend's during rough times), and as luck would have7 J9 z: Z3 t! M* F4 ]
it, there were two bottles of John's beer left. John, being a good,
( f3 z7 A+ l0 s0 G; H; w" ~% D" jcompasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated ) T6 F; e. ?7 o+ h$ L1 t* ~
the gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I
; E# T5 P) t9 }9 M! ~got fifty bucks back out of it - you have nothing now.", he said. 2 F; n7 q2 I0 z2 g& k5 e; n) ?
. E H4 S+ A" V' Y% W( L) e"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he 2 ~( z( I4 \6 Z- A
added as his other friend with
( [: ~7 r v0 a8 z! n- W) R ythe truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.4 h1 E9 M6 ~% f0 c6 w
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Upon arrival at the beer store, they unloaded the empties, feeling a
6 J* K8 C/ b7 m1 _. L) H) ]little grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24
: t9 }) ?# G- L: ~& n' G6 _4 Pbottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as' O, d, B1 w l% V" {1 X% {
he handed him the money.
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Jim was speechless. Poor guy. Can you imagine how you
8 A ?: X8 b0 u# d4 F/ R9 ywould feel if you just discovered that over the course of the last year, your $1000 stock investment * P* P1 l+ _, ]1 U
left you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80.
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I'll leave it up to the reader to come up with they're
9 ]% N9 |" ]. o* rown "moral to the story".
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Have a nice day, and happy investing. |
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