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原帖由 如花 于 2006-10-23 13:23 发表
' }7 w2 V- j6 G; V/ P& w如果是买了nortel呢? 9 X) ], \5 ]3 {" |9 y- Z5 ?5 `$ _
+ X. J* _. f) dOn July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work o7 z1 h- J& @; e( i
for Nortel Networks, where in the summer of + J; S/ a" E6 k7 L5 y+ E s/ ]
2000, there was LOTS of money around for bonuses). / F5 d3 U2 U: y& p5 A, `
5 N0 [( ]) d3 a* R* p+ X' \1 i* ZJim, being an intelligent, financially concientious person, put the# v/ G$ z4 `6 s
whole $1000 into Nortel Networks stock. With his $1000, and the+ h7 o7 e2 I2 w: Z, q! C+ d- U1 x
transaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the
k' l) y& o9 b- @" G+ RNortel stock climb and climb, he
: G3 k7 K' C' j. j X% l5 |felt very good about this investment, happy that he is preparing for the future.7 b) X x2 b8 ~
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John, being a more care-free sort, did something slightly different
+ U' K: I$ |+ }9 O. J6 |- Iwith his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he
% U( r9 \ \) B7 H4 p' v, qpurchased 33 cases of beer. John also0 `2 Q! ?7 P c0 n* @
felt very good about his investment: 33 cases x 24 = is 792 bottles
3 \( Y* |! e4 w2 B ?5 j- g5 c$ i' Dof beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim, ( h7 \! B% {9 p4 ^4 n! w
calculated that he could drink about 15 ! S% v2 M$ y! m" b1 v5 U. D
bottles per week, and he wouldn't have to buy beer for a whole
& A/ S( q9 P9 V U Ryear.
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# |# B( f3 @: s" n- q4 QJim, of course, was appalled by John's purchase, and berated him! l3 @* M) P9 q$ K! Z9 O! V
constantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to ! f' x6 G+ ]8 X! x8 U
dwindle. "It'll go back up", he'd say to John.; \) S$ w9 `' U+ L- g$ M
/ g* f& J. f2 }John, who has been reaping the benefits of his investment on a daily
/ Y$ e# Q) f1 o6 ~# d. I0 v7 @0 T& Y- Fbasis, would reply, "Ya, it will. Hang in there buddy".% a1 ^. P7 A. i
1 L; [+ J7 k# P' H) y: CMonths went by, and the value of the stock continued to fall, and there was the beginnings of a
1 u% R/ o! R# ^, L% y1 D, P) znoticeable dent in the beer pile.3 z, Q+ |; q2 p; a& Z
. X* Q* c } _7 SMidwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was
2 z) n" e6 z+ P3 w3 [1 Tabout half gone. Jim, being sure that the
: g3 N- D. @1 b% j+ X3 C# estock had hit rock-bottom, still was berating John for his frivolous
& b; S: z5 s! r1 b- r9 E4 vpurchase, telling him "Your beer will be gone in six months! Who knows what my stock will be
6 q2 K* L4 _5 K/ sworth!!".
+ U7 E! x2 g/ R3 Y- l
2 V- Q' {$ O& r5 g# LWell, summer has come, and hard times at Nortel continue.
+ v/ h9 F8 Z: y* iBad news: Both John and Jim have been affected by the layoffs.
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4 o! e" @ m F8 I' e$ \: Y9 pLast week, in order to raise some cash to help through9 I8 _/ V( w2 `& b
the rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the
+ p, X8 B T8 b0 j; E$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone
9 l1 E' u9 _$ a$ yneeds their friend's during rough times), and as luck would have; H D( L; t' X+ v
it, there were two bottles of John's beer left. John, being a good,% s$ x2 Y. N8 h1 b
compasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated 1 m8 U8 {' z9 l" s! r( p
the gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I
4 E+ f1 ?6 `/ w/ o. I& p2 ^got fifty bucks back out of it - you have nothing now.", he said.
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5 ^$ ^5 T( ?8 z"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he
0 Y$ u' Z+ q) D* ]added as his other friend with
, K9 n! p! y3 A1 b' ^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/ m. p- X5 H9 i
little grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24
! P4 y! j& v: y$ Z/ {- ^4 Bbottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as
, K8 G/ Q, n. k& d% xhe handed him the money.
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Jim was speechless. Poor guy. Can you imagine how you5 [2 p# X/ X1 N6 R% w/ M
would feel if you just discovered that over the course of the last year, your $1000 stock investment
- A( q! G$ x6 K/ s4 g1 A3 gleft you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80.
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I'll leave it up to the reader to come up with they're3 a" O; b$ r$ s9 H7 ]7 A
own "moral to the story".
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Have a nice day, and happy investing. |
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