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原帖由 如花 于 2006-10-23 13:23 发表
/ u2 E; [3 b# h8 y! f1 H如果是买了nortel呢?
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3 i" q5 {, L: H6 D4 zOn July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work
$ \2 `2 @1 K* _/ cfor Nortel Networks, where in the summer of
1 ]* O3 e$ x {: O& J8 ~2000, there was LOTS of money around for bonuses).
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2 J3 s, R- ~/ ?; O' w- v& eJim, being an intelligent, financially concientious person, put the% Y7 @. H1 C# g ?: O. m3 d$ Q
whole $1000 into Nortel Networks stock. With his $1000, and the
0 }% H% i0 g# v( l+ N) q' a* e1 ` b2 itransaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the
, n3 ?0 a/ u* {4 Y, L5 \6 Q2 KNortel stock climb and climb, he
. n$ `. a, s! E" C* f5 O+ |, Mfelt very good about this investment, happy that he is preparing for the future.: ^0 R6 `) r3 E0 ~$ C
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John, being a more care-free sort, did something slightly different 7 E! b9 Y9 T, e5 S8 n
with his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he
, u, u9 P* n* ` B) L, c, z+ xpurchased 33 cases of beer. John also
" A! L5 ? Q, \% ?* T0 Q5 Jfelt very good about his investment: 33 cases x 24 = is 792 bottles
0 ~' T4 {, J& W$ lof beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim,
8 u. p4 {5 ?( K, a( [7 h z/ Ncalculated that he could drink about 15
- @& t- a7 Y6 f2 t/ y+ A* x1 Jbottles per week, and he wouldn't have to buy beer for a whole9 Z; {6 Z5 T# u" z" A9 q
year.) {# ^1 ]+ x9 O, R9 `0 c
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Jim, of course, was appalled by John's purchase, and berated him; t" f9 |# G5 v" P
constantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to
- F& C/ y$ o7 l7 X- }dwindle. "It'll go back up", he'd say to John.0 C) p7 B; A1 F; }
6 R- g" ^2 L! bJohn, who has been reaping the benefits of his investment on a daily
: I% o T1 o3 ^7 cbasis, would reply, "Ya, it will. Hang in there buddy".5 U- d( j* N2 I' p# J: d/ i2 A2 V' D
! h+ [) S/ X5 Q1 U3 \% \( bMonths went by, and the value of the stock continued to fall, and there was the beginnings of a 1 H9 ^& k8 E. f/ W& u# z
noticeable dent in the beer pile.
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8 u) p# r6 a7 _4 S7 \Midwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was
0 Z3 |) x j* ]3 K5 ]% w" fabout half gone. Jim, being sure that the
3 ^# `' P0 D8 Z( V! mstock had hit rock-bottom, still was berating John for his frivolous
8 h2 B" k# U' d9 v8 mpurchase, telling him "Your beer will be gone in six months! Who knows what my stock will be - i6 |2 f2 G# l
worth!!".
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Well, summer has come, and hard times at Nortel continue.
) Y' w7 D* R j3 ?& w* yBad news: Both John and Jim have been affected by the layoffs.% j+ c. K: e& [; h
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Last week, in order to raise some cash to help through
/ y0 _& d# [! g$ n' jthe rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the 2 n& e/ ~, G$ ?. Z
$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone- [1 G. M7 a h$ H& f
needs their friend's during rough times), and as luck would have* q2 f2 Q( S" k8 ?& _9 Y, T9 U
it, there were two bottles of John's beer left. John, being a good,% O: W8 H3 }9 p
compasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated
9 g( \7 [ I ]- r0 ~the gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I ! e g% e. @5 \6 Q' d- I5 D2 w
got fifty bucks back out of it - you have nothing now.", he said.
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" j) j3 t: f7 ]" ~8 e! R9 L5 u3 f0 a"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he
: R" Z; g5 c/ i0 X5 v ]8 u/ |added as his other friend with
1 ~; H! o8 x2 }6 t/ 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 a
}6 }( n$ e4 u) _& Rlittle grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24
6 |% {5 ` y Q4 L' L% `bottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as
; z) \$ b, M; r- a+ ~9 Lhe handed him the money.
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& {' s" l3 U9 y5 x) r/ FJim was speechless. Poor guy. Can you imagine how you9 s7 h7 t6 U9 a
would feel if you just discovered that over the course of the last year, your $1000 stock investment
k* Y. n% \9 W- d; d0 xleft you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80. # R# F6 A f- u+ u) y M
( [5 B$ R4 N! q- e0 eI'll leave it up to the reader to come up with they're
% T. w# M. l6 e- C) n. ~& M$ iown "moral to the story".
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Have a nice day, and happy investing. |
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