 鲜花( 0)  鸡蛋( 0)
|
原帖由 如花 于 2006-10-23 13:23 发表1 K/ h' V% x: ?
如果是买了nortel呢?
6 W2 Y3 I* A0 H* n9 X0 Q1 Z* c+ p5 G( x& e
On July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work 2 @' }& m p/ X& T
for Nortel Networks, where in the summer of 6 Z- ~9 f# T: w) |0 p$ |; n5 g
2000, there was LOTS of money around for bonuses).
2 g) R. A" v% H4 g5 h& O
7 Q9 U/ M6 I3 jJim, being an intelligent, financially concientious person, put the
! L5 x3 e9 U' q. O$ a5 |7 `, wwhole $1000 into Nortel Networks stock. With his $1000, and the
$ C- d% C! [& i2 D; p0 ltransaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the
. H( @2 V) H2 z( S) n VNortel stock climb and climb, he
& N0 F2 y7 M0 z' L$ O3 I( xfelt very good about this investment, happy that he is preparing for the future.5 \, x; @' j- c& s( H0 ?
4 E3 e" ]0 U1 ?# {8 OJohn, being a more care-free sort, did something slightly different 9 A1 S. d0 M5 O% L, R8 h( Z# @
with his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he
! F: i F' d H0 h* u, Tpurchased 33 cases of beer. John also
7 l1 v) T3 }$ W$ Q8 O, Vfelt very good about his investment: 33 cases x 24 = is 792 bottles& b! j* X; M+ E' j$ t! w% u
of beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim,
0 g5 R9 q# k: l U: W5 J* Hcalculated that he could drink about 15
6 n6 \$ }5 P* Q# Z8 Abottles per week, and he wouldn't have to buy beer for a whole# d+ k" j! U! Y8 i# X+ o
year.5 H5 A8 v: z J5 `9 n4 x. f' R/ l
; A+ v; c# C# c$ t: u" O
Jim, of course, was appalled by John's purchase, and berated him- g$ Q% f+ r2 F& V1 [2 e: _, a' A
constantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to
7 j- V7 s0 ^: |) l4 Udwindle. "It'll go back up", he'd say to John.
5 N8 v6 U& P7 `7 d$ B( N( ?' ^; R7 G$ e
John, who has been reaping the benefits of his investment on a daily& Y+ s4 v( S' p4 h" {8 h: S
basis, would reply, "Ya, it will. Hang in there buddy".
7 L2 {8 [3 C# q0 J# }- F- e
1 i! v' v7 d( C7 C! s4 }7 s. c$ ?Months went by, and the value of the stock continued to fall, and there was the beginnings of a
( ^8 d8 O6 X2 b6 f, l' `7 onoticeable dent in the beer pile.
8 O7 ~! t. v7 F: g$ t) e+ W: S; n/ w v" ]2 V5 _9 y/ q
Midwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was ; k, t) q7 |! ]! m! R6 a
about half gone. Jim, being sure that the
( D2 J! G F: I+ B, B# ustock had hit rock-bottom, still was berating John for his frivolous
7 c% a$ w: f( [) y5 h2 L* i- d+ _purchase, telling him "Your beer will be gone in six months! Who knows what my stock will be
. ` X0 B/ y; {7 aworth!!".
0 ?' K; c! G7 o+ v$ a4 J: ^* B0 }3 \0 F5 p! Q5 \
Well, summer has come, and hard times at Nortel continue. ; t; {' V: D: Y4 V; ?" _" s) v! u
Bad news: Both John and Jim have been affected by the layoffs.- J% v3 ]/ D: A9 z M( U0 M5 t
# H Q' T3 E! f6 _7 \ ?
Last week, in order to raise some cash to help through* A/ ]7 r( c( ]% v g
the rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the
3 l3 l/ s2 j# Z2 Z- k$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone/ d# C3 O1 H5 z/ Q
needs their friend's during rough times), and as luck would have
* [0 p; w7 l$ C X! i5 A- u" uit, there were two bottles of John's beer left. John, being a good,& v1 U+ J6 D7 g, u
compasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated
% U: {% ~+ F8 `1 ?) X ]) T ~the gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I # e4 y! R$ e& V5 y
got fifty bucks back out of it - you have nothing now.", he said.
& B3 _: K- g0 `* c& D4 w: l, }/ M' t" W% q8 Q& F3 f1 T
"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he / B: o* m; W9 I% Q& ]& l6 ^: x' r
added as his other friend with- K& t `. f3 m, a6 G5 w
the truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.
8 d- \/ J/ W( T- s6 o) s' F) R; i
7 W+ ~! R" G) o% D- jUpon arrival at the beer store, they unloaded the empties, feeling a
' e, ^1 B4 L9 f0 v2 p4 tlittle grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24
7 D7 D5 C2 v/ _3 j$ r& }6 e. a i* Sbottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as
. F+ i. b6 D) X2 Rhe handed him the money.
7 m. }' _, `/ V5 x* y- i. b/ U% U: z: N ]
Jim was speechless. Poor guy. Can you imagine how you
' E# k' Y9 M/ a2 o7 p9 L2 Uwould feel if you just discovered that over the course of the last year, your $1000 stock investment
' u" S9 _; f7 ]4 [! I4 J) i3 dleft you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80. , U2 |0 C; L' s) Y+ R! ?
$ N! l7 W6 ^( e# ]3 `2 \3 gI'll leave it up to the reader to come up with they're
' x& V$ B- m& T+ A5 g4 Xown "moral to the story".
1 V& n! }! U5 v: k
8 l0 I7 z2 N+ x. J7 I" ]$ ? hHave a nice day, and happy investing. |
|