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原帖由 如花 于 2006-10-23 13:23 发表) U( y* v# |$ _* R; s) _
如果是买了nortel呢? " j: R3 ~7 c* q! s2 s' c
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On July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work 6 u1 M0 Z! Q- |2 u" P
for Nortel Networks, where in the summer of ) Y' n# ?) I+ O* o2 c% M4 d
2000, there was LOTS of money around for bonuses). ' q6 j4 M, a( Z" f( W9 Y8 a
! l" v& n1 h- \( sJim, being an intelligent, financially concientious person, put the/ n$ b0 |0 b7 O; I9 X3 k
whole $1000 into Nortel Networks stock. With his $1000, and the
/ X4 r* }* \6 |" }+ D! a+ Xtransaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the 6 u; K% U: o3 Q+ y6 @
Nortel stock climb and climb, he
Y! F4 m, |; dfelt very good about this investment, happy that he is preparing for the future.& \6 k2 i2 n- f: r
; ]4 Q3 D, V% V& fJohn, being a more care-free sort, did something slightly different
- ]; L+ \- Q* {with his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he
2 O$ M M' }( a) J8 {purchased 33 cases of beer. John also' @( [2 G2 E& T2 `" X
felt very good about his investment: 33 cases x 24 = is 792 bottles
' h7 K5 y7 t( A% Z6 e9 Uof beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim, / ]$ z; m _5 ]- |
calculated that he could drink about 15
/ T, Z9 \( F- hbottles per week, and he wouldn't have to buy beer for a whole' x" i; {4 ?; d Q
year.# a( d7 E- v" T/ ^
7 C$ a4 W1 J4 H* SJim, of course, was appalled by John's purchase, and berated him; ^0 [( Y4 g, W$ T ~
constantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to ' U+ c' y9 U+ U, X! _
dwindle. "It'll go back up", he'd say to John.
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1 v# R3 b2 o) t. O% WJohn, who has been reaping the benefits of his investment on a daily
- ^% L4 ` b, u8 B# ^. S+ m, y' Rbasis, would reply, "Ya, it will. Hang in there buddy". H# n3 N m, h% q; k7 M
5 C/ U4 ` @* N5 I+ pMonths went by, and the value of the stock continued to fall, and there was the beginnings of a " |3 M2 @/ \5 J/ j3 @/ w2 S/ i
noticeable dent in the beer pile.2 s( C8 g4 E7 r
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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. [$ d- I( e w1 B; Dabout half gone. Jim, being sure that the/ J2 V4 k* u# O, X# m/ `5 ^
stock had hit rock-bottom, still was berating John for his frivolous, P) X3 o* \* w i. l
purchase, telling him "Your beer will be gone in six months! Who knows what my stock will be
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x$ T; i& ]5 |7 w; G7 i& n* f5 ]' vWell, summer has come, and hard times at Nortel continue. . \" N" U) j1 {3 t
Bad news: Both John and Jim have been affected by the layoffs.1 {* Q0 j s, Y- j6 u, \
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Last week, in order to raise some cash to help through
1 a4 H6 G) v& T5 {: s% X/ tthe rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the # F; k" H+ ~2 ~) s
$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone) `8 M8 S5 G) A) c* E0 `0 c
needs their friend's during rough times), and as luck would have
! K) e" v x: I% A5 F* G" _/ lit, there were two bottles of John's beer left. John, being a good,
- V: P. ~/ w! ]+ y3 G( x7 ?7 ?compasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated
, l' }. ?" Y/ p U8 }the gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I + ]* c1 M' a4 I
got fifty bucks back out of it - you have nothing now.", he said.
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"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he 3 |8 @2 H# `/ U3 J4 a+ ]
added as his other friend with1 G5 G/ k# X* y+ t1 g* N
the truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.( O i q1 L% T0 Z) G
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Upon arrival at the beer store, they unloaded the empties, feeling a' ]2 z; X9 N( g# @- S! A
little grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24 ) A9 R5 f1 z% `! w* U: }# G. y
bottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as H5 \8 |$ u/ C+ d3 ~) w
he handed him the money.
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n" w5 X) G8 v. \5 I9 BJim was speechless. Poor guy. Can you imagine how you
4 X" S& w/ e- F5 M. W) jwould feel if you just discovered that over the course of the last year, your $1000 stock investment
% `- o! ~5 N/ z9 U" p/ Lleft you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80. 5 u: S, c" o2 Z; P# u! q5 p% H
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I'll leave it up to the reader to come up with they're6 S$ Z9 Y+ q, f% |: I
own "moral to the story".
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( x9 V2 k! q8 u2 DHave a nice day, and happy investing. |
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