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原帖由 如花 于 2006-10-23 13:23 发表$ b$ j: H% K ^$ }* F
如果是买了nortel呢?
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On July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work
0 D S- d+ W% c+ ufor Nortel Networks, where in the summer of
$ Y4 `8 h/ G, f- e+ _: ]2000, there was LOTS of money around for bonuses). : p. L" p6 C- s1 M" Y7 M
2 S% O$ k& n9 e3 t* E& H7 P( iJim, being an intelligent, financially concientious person, put the
) ~; B9 f- t; N( ]& U5 A7 Pwhole $1000 into Nortel Networks stock. With his $1000, and the" v% w( o& n* ~$ d' x
transaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the
3 W* w4 P* z) |7 P) C+ i7 \" ANortel stock climb and climb, he
4 X; _ J; F2 }- ~$ H2 L$ Jfelt very good about this investment, happy that he is preparing for the future.3 W; }: j7 g6 c7 t$ S( F
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John, being a more care-free sort, did something slightly different
0 R3 o, e' C' Q5 |2 Y8 p8 ]$ |with his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he c; m4 n9 O4 B* C: t
purchased 33 cases of beer. John also, g2 |9 Q; v# S1 {, T3 `
felt very good about his investment: 33 cases x 24 = is 792 bottles
: y; H1 M& l0 ^of beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim,
d* N7 a0 G& E. w; u' `" E" vcalculated that he could drink about 15 4 g8 R9 O: P" \1 e% D' c5 A
bottles per week, and he wouldn't have to buy beer for a whole
2 i' U2 g* ?0 A% _& c' @5 S) c" Y' wyear.8 D8 C4 `7 Q6 w
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Jim, of course, was appalled by John's purchase, and berated him, s9 H: T7 s7 I7 v5 J- m
constantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to ; ?% O* F1 w* e! J) o: M5 P# R. w
dwindle. "It'll go back up", he'd say to John.- L- [. o* y6 G* ]2 r+ ? S
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John, who has been reaping the benefits of his investment on a daily% c% `+ \6 G5 y' F1 q ?
basis, would reply, "Ya, it will. Hang in there buddy".
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Months went by, and the value of the stock continued to fall, and there was the beginnings of a w4 a) t' u9 I& d0 k9 h0 }
noticeable dent in the beer pile.! F+ y9 \! w' Y0 ?$ b+ N- N
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Midwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was . r3 Y4 i! r( m
about half gone. Jim, being sure that the
6 Z5 L; p' K) L7 A6 O) R5 Mstock had hit rock-bottom, still was berating John for his frivolous
5 t; L" f/ W/ j/ t0 `6 @purchase, telling him "Your beer will be gone in six months! Who knows what my stock will be ; o# }; U- N1 J; ~6 @
worth!!"." ~% Z% C; W: O. H% N
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Well, summer has come, and hard times at Nortel continue.
: ?, F$ [0 ~6 ^! x/ mBad news: Both John and Jim have been affected by the layoffs.
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( K! Z* G( E) Y- GLast week, in order to raise some cash to help through
& ]9 W9 ?* x1 W9 o8 |the rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the & P3 {7 p" F' I. [2 K
$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone
( C! `5 Y ? F- }( E- {4 vneeds their friend's during rough times), and as luck would have
7 ]. [% E0 e& A. D0 @+ O" w$ _: Vit, there were two bottles of John's beer left. John, being a good,/ E; H2 W) P. [6 ~# V' Z7 x2 }3 x
compasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated # K. z+ h* K9 {7 Y/ G
the gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I - ?( L2 l; t7 }, S1 f) a4 w& V, [' O
got fifty bucks back out of it - you have nothing now.", he said. $ w# l) A7 Y; U- ~6 Y
: c% B: X% v2 X. ?1 T"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he
1 i" n+ D% ]! Fadded as his other friend with" h) V' h: x0 b( F8 Q$ n( t! u
the truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.' F3 \3 N" ^& H/ S8 B. ]9 n
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Upon arrival at the beer store, they unloaded the empties, feeling a, W/ E0 M) E% u$ m: ~! P! N, c4 R5 C
little grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24 5 ]2 B. x1 ~2 ~# D
bottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as' V) z# L9 o- @$ F
he handed him the money. 9 ^% p* f% {+ s% ^# `. G, h3 m8 f" H
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Jim was speechless. Poor guy. Can you imagine how you
6 @4 ^& I. s& |6 E5 X% {! f! V/ Bwould feel if you just discovered that over the course of the last year, your $1000 stock investment
/ m% E# f& g! S( S/ nleft you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80. 1 Q" l( q; G% d9 p
+ l; V$ E) Q9 ^. @( J' }I'll leave it up to the reader to come up with they're! [- ^* W) _$ z. K
own "moral to the story".
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Have a nice day, and happy investing. |
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