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原帖由 如花 于 2006-10-23 13:23 发表# b# M9 L/ ^; r% }, f$ V X
如果是买了nortel呢?
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On July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work ; u# {) N: y; i" ~% l
for Nortel Networks, where in the summer of , a1 i' D, ?$ _. x: y
2000, there was LOTS of money around for bonuses).
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! }3 H* y6 f1 JJim, being an intelligent, financially concientious person, put the
: H/ y0 S. _! g) I; o+ w- K1 Iwhole $1000 into Nortel Networks stock. With his $1000, and the* \- p: T. ]& k1 c- i s+ E
transaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the 9 ^9 O& ?6 A& G- A
Nortel stock climb and climb, he. M; ]! S6 P( ]! N
felt very good about this investment, happy that he is preparing for the future.
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; I; S/ [# {* H( {$ h5 n) v5 V( lJohn, being a more care-free sort, did something slightly different
g: c" ^) q2 g* L+ B4 d% i- Kwith his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he 4 z2 I# O. P1 |5 X% [; i
purchased 33 cases of beer. John also
. l2 m, O5 v. A% ] Kfelt very good about his investment: 33 cases x 24 = is 792 bottles
$ I4 B; h, V' V+ Fof beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim, $ i1 U$ G5 X9 F3 T
calculated that he could drink about 15
1 w% y+ d- n2 S) |bottles per week, and he wouldn't have to buy beer for a whole
5 a( J) n L9 O: Ryear.
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Jim, of course, was appalled by John's purchase, and berated him
- w* V# i$ j y5 r9 gconstantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to 8 \4 K4 t$ m4 X/ h) M
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 daily5 n! Q. F! _8 Q( n3 u; i
basis, would reply, "Ya, it will. Hang in there buddy".
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5 Q' d9 a7 k, c6 L( E: J8 h% nMonths went by, and the value of the stock continued to fall, and there was the beginnings of a
5 W; ?; q# I! snoticeable dent in the beer pile.
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Midwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was " C$ ]7 B1 m+ W
about half gone. Jim, being sure that the
2 e; k _5 A% C0 u+ O- astock had hit rock-bottom, still was berating John for his frivolous
7 P" I- u8 d4 V% j/ }4 }" q3 a) K6 Dpurchase, telling him "Your beer will be gone in six months! Who knows what my stock will be o' c: w4 s! k# `& K6 F- X
worth!!"., |+ A4 f. [' V/ `! O( ?& L
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Well, summer has come, and hard times at Nortel continue.
; \8 I" J5 B2 U/ j b/ OBad news: Both John and Jim have been affected by the layoffs.; L& V$ o4 l8 J
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Last week, in order to raise some cash to help through+ g( k5 \! o, Z9 G8 o
the rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the
8 ?0 x' L" t6 J4 @- a- L$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone( L3 H$ ~3 }* a: y8 Y+ y* K
needs their friend's during rough times), and as luck would have
: l- x. e9 x( E# |( A/ `6 qit, there were two bottles of John's beer left. John, being a good,' i: E9 k. W" j+ ~
compasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated " S2 J5 v9 u. R3 C- p1 Z
the gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I
6 ?7 K# y, w g- N* kgot fifty bucks back out of it - you have nothing now.", he said. - ~8 ~( P. ~1 C5 l6 J+ u$ K% Z
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"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he
8 h5 T& a. B; X% \+ a9 J/ U' J/ Oadded as his other friend with0 @* ?* T; M+ s: e) { m/ c1 n' ?
the truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.
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" L) A! w, X, F( V1 K) XUpon arrival at the beer store, they unloaded the empties, feeling a% a2 V# G" \; P) ` G9 l2 m4 ~
little grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24
6 l k) v6 |6 e* k# h1 V4 M$ abottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as
! r5 D9 W1 ^5 S9 I3 T5 r8 zhe handed him the money.
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Jim was speechless. Poor guy. Can you imagine how you
0 O5 h+ U$ L. j1 @( Fwould feel if you just discovered that over the course of the last year, your $1000 stock investment 5 h- l1 w, Q% I7 L" T$ p
left you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80. 6 q7 v% Z# ^$ l
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I'll leave it up to the reader to come up with they're$ F( p( K% m+ Z. C" X @) s
own "moral to the story".
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0 x4 f0 B( W/ N- j+ b' n0 Z6 D5 RHave a nice day, and happy investing. |
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