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原帖由 如花 于 2006-10-23 13:23 发表
& M+ g9 O" q$ m% ~0 a4 B% F# Z: L如果是买了nortel呢? # ~0 q: x0 k) J8 \4 F
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On July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work ) g0 r- _5 P9 U4 f- S
for Nortel Networks, where in the summer of
6 O1 O/ t9 y( v2000, there was LOTS of money around for bonuses). 3 M' k- }: W- H e
4 t9 s* d7 A( ~% AJim, being an intelligent, financially concientious person, put the9 c7 l0 X, N( r0 f1 w
whole $1000 into Nortel Networks stock. With his $1000, and the1 s3 G* x: O5 O4 j
transaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the
6 T/ ]; {* O4 a* o, }. c- sNortel stock climb and climb, he d8 `- s& u- s' q+ U6 q
felt very good about this investment, happy that he is preparing for the future.
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John, being a more care-free sort, did something slightly different 9 a* |5 m; H A( A- W$ ?6 m
with his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he
, z9 Z1 v. s5 U1 Jpurchased 33 cases of beer. John also0 h, t& K% I, ]& M
felt very good about his investment: 33 cases x 24 = is 792 bottles, Y3 K3 X" {# s& N" f
of beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim, 9 K! \6 l% K% M4 R4 d2 }# ~
calculated that he could drink about 15
0 w! j- ?6 m2 g: I* t7 mbottles per week, and he wouldn't have to buy beer for a whole+ w ~& `5 S! x0 j4 R) P) Q
year.
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Jim, of course, was appalled by John's purchase, and berated him
- D: K% B# ?9 E& G0 cconstantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to
- @3 j) k$ z# G2 F. X( T# r! b3 Bdwindle. "It'll go back up", he'd say to John.
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5 ^7 H8 q8 t$ V: }$ y3 `4 pJohn, who has been reaping the benefits of his investment on a daily
$ p4 I; ^0 W8 q& s9 @- Z) l/ Ibasis, would reply, "Ya, it will. Hang in there buddy".2 E( Y3 t2 G) `2 k7 O
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Months went by, and the value of the stock continued to fall, and there was the beginnings of a ( A3 ~( [" a/ Q# z0 \
noticeable dent in the beer pile.. I5 P: @6 d7 e6 `
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Midwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was
/ ?# ~. T0 h$ Nabout half gone. Jim, being sure that the" B# I' [$ Q4 b$ {2 W! s, L
stock had hit rock-bottom, still was berating John for his frivolous4 C9 |. z6 A! N _7 c$ o2 z
purchase, telling him "Your beer will be gone in six months! Who knows what my stock will be 0 H( a. M7 c5 }4 `) L) T# A1 x
worth!!".. ~ h' G& I2 ?4 A+ B8 T
1 V z. \ j) \& C+ C: v6 P. EWell, summer has come, and hard times at Nortel continue. 1 W. g" f& a- c- {5 P/ N
Bad news: Both John and Jim have been affected by the layoffs.
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Last week, in order to raise some cash to help through+ w) N2 ~: g9 ^) s
the rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the ( F1 P0 O4 m. G
$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone: L5 m1 w! C0 h2 E# A: K* u
needs their friend's during rough times), and as luck would have
+ t8 M) c4 b- P+ x- T8 mit, there were two bottles of John's beer left. John, being a good,
" y5 w7 ?- l6 _7 q) D2 h8 Ccompasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated
7 H. t. y, D# h2 V' d0 Ythe gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I ' a, ]+ c2 B% q, ]
got fifty bucks back out of it - you have nothing now.", he said.
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"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he
9 D$ e/ W, H' iadded as his other friend with
Q& L7 ]5 G$ G8 Othe 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 a5 @6 C0 z% D8 G6 Q5 F+ d
little grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24
{8 f9 _' n/ b" dbottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as
7 `. z' s6 ~2 _& d% {he handed him the money.
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( M/ k/ u% O% O9 S8 g8 NJim was speechless. Poor guy. Can you imagine how you9 u! I. I2 x' O1 D+ a+ F; B
would feel if you just discovered that over the course of the last year, your $1000 stock investment
& r3 r$ V) J' k& _, |6 x5 {5 G$ Uleft you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80. 9 e7 _" o7 r( N
" h* J# ^' Y3 H( ?1 O7 yI'll leave it up to the reader to come up with they're
/ e; ]0 ]! n) u; _$ E. x5 Eown "moral to the story".3 _7 h7 s( B+ m
; y+ A# j0 \ n2 z% r) RHave a nice day, and happy investing. |
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