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原帖由 如花 于 2006-10-23 13:23 发表
* g1 V0 z9 ?+ b1 I9 o. i2 w如果是买了nortel呢? 7 K1 T" r( N5 L4 A1 ]
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On July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work
/ [8 b) g. y( S7 d! n" u+ d! Kfor Nortel Networks, where in the summer of
6 G& Q( i: e: p8 y7 O; z/ M0 ]' t2000, there was LOTS of money around for bonuses). 9 u" @' y; g+ g
+ I3 v% |" ^& {( b% CJim, being an intelligent, financially concientious person, put the
' j) d0 y7 s9 @ T1 X, {7 q& q) dwhole $1000 into Nortel Networks stock. With his $1000, and the' k6 U& A. y, u5 i* \
transaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the
+ a0 ?+ W% X, U4 K# U3 n; ~1 oNortel stock climb and climb, he3 c* N- r* i( O3 r. ]0 _
felt very good about this investment, happy that he is preparing for the future.
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6 {3 S, T7 I8 i. x1 u2 p0 RJohn, being a more care-free sort, did something slightly different . E" i1 a9 n; z( N" V
with his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he
+ X2 M4 s5 q j: A( I: T7 a4 `( Kpurchased 33 cases of beer. John also7 \1 `$ x& c: R& q4 a! y
felt very good about his investment: 33 cases x 24 = is 792 bottles
! p; s# F2 l; C+ [ iof beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim, * K# A+ S% ^- x! F) x% A
calculated that he could drink about 15 2 w. X' W5 z% @$ C, N' D
bottles per week, and he wouldn't have to buy beer for a whole
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Jim, of course, was appalled by John's purchase, and berated him
+ Z; v* h; q% X7 L+ Kconstantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to
: }0 g6 R7 {# Z6 }, `+ @ hdwindle. "It'll go back up", he'd say to John.) T6 G" X/ V0 n; M
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John, who has been reaping the benefits of his investment on a daily
/ V4 n; i9 N* m8 v. }! j) f& c" Kbasis, 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
/ s8 S4 Q9 a5 J, F; Y7 j" snoticeable dent in the beer pile.( N" w. p+ X3 `$ l3 `
" L# b) s! H/ s3 T# o( I7 g- E& qMidwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was
. Y/ ?) ~9 ^3 p& rabout half gone. Jim, being sure that the, H" j8 E) t& X3 H! x, V
stock had hit rock-bottom, still was berating John for his frivolous
$ x1 F2 q0 |. i( X0 X, ~purchase, telling him "Your beer will be gone in six months! Who knows what my stock will be * h$ ]8 V; P+ S4 y- D, j1 W
worth!!".% g- _! f. K# M6 ]7 D
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Well, summer has come, and hard times at Nortel continue. $ t5 R f( U: w- I1 p6 U' p
Bad news: Both John and Jim have been affected by the layoffs./ D5 u" F0 } @+ v1 `% I
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Last week, in order to raise some cash to help through
# m! I/ ?3 h9 y0 Pthe rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the
! L! ^# m) d, o) \ o$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone1 n- e0 Z; P* ? ]' P1 p5 U
needs their friend's during rough times), and as luck would have
$ @" \7 T- c: P5 b* s$ Z8 e! Bit, there were two bottles of John's beer left. John, being a good,1 ]. e& k! T/ q4 w7 L
compasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated
& ~* j! B7 p. G kthe gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I 1 B7 m0 D9 x8 c$ Z* v+ Y
got fifty bucks back out of it - you have nothing now.", he said.
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+ i4 o2 C7 m6 {: k"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he
9 h& E0 W, C* ^& |. Sadded as his other friend with
" Y* t* ?" n9 ~the truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.2 U4 ?$ K3 D; {0 m# R$ f6 b
4 r: d& k& x8 A& K- [Upon arrival at the beer store, they unloaded the empties, feeling a
0 K+ p& T& B3 x, s% p' Z: k% I! @. tlittle grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24 : B0 A& |( m8 j8 l
bottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as7 b5 f- ?, E; P0 M
he handed him the money. 5 P4 ~, y) {2 T( S8 w
3 D% g$ A7 V4 x0 Y, VJim was speechless. Poor guy. Can you imagine how you
# t1 N" J# N/ f4 s' f# X, L7 h4 @! O( Cwould feel if you just discovered that over the course of the last year, your $1000 stock investment
{3 w% Y/ o; U2 T: Uleft you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80.
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9 t- w5 S0 v) B- N7 l0 d3 tI'll leave it up to the reader to come up with they're! O" l" C9 N& k/ }
own "moral to the story".
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Have a nice day, and happy investing. |
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