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原帖由 如花 于 2006-10-23 13:23 发表3 [! d9 S& v( _) l! ~9 H
如果是买了nortel呢?
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K. D1 d& ~$ g6 f1 K9 sOn July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work + d) J ?! z/ a0 W6 b# a3 W
for Nortel Networks, where in the summer of " _: P4 u$ b0 U8 L- u" |
2000, there was LOTS of money around for bonuses). 2 K, z( R' B$ K, v5 f
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Jim, being an intelligent, financially concientious person, put the
A9 m- ]/ U) Xwhole $1000 into Nortel Networks stock. With his $1000, and the
/ `( I# d1 G/ j1 a2 ~' v% ltransaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the & }* X- s; y6 v3 z$ ?
Nortel stock climb and climb, he+ G8 m" S' H' r
felt very good about this investment, happy that he is preparing for the future." s$ f/ x; M2 p) a
/ s7 X% w M+ xJohn, being a more care-free sort, did something slightly different + i8 a) D b) \2 A9 i4 z
with his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he
: g: w, x6 x N% ?) x5 T0 Bpurchased 33 cases of beer. John also8 l" F8 d$ S! N4 a7 i
felt very good about his investment: 33 cases x 24 = is 792 bottles# m$ U5 ~) a: S9 q3 W- t/ i; ~
of beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim,
/ J' M5 Y+ C7 u' S0 Icalculated that he could drink about 15
$ h+ h' B& B. Z# A/ `/ jbottles per week, and he wouldn't have to buy beer for a whole( T7 W1 ]- j! a$ s9 x& b
year.1 @* f% z+ f$ D
% g" x0 v% |: d; A$ Q/ p0 @Jim, of course, was appalled by John's purchase, and berated him
3 o3 g" Q" W& B6 q& B4 ~constantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to
+ }# h7 E6 Z+ v/ k+ V, o U) ydwindle. "It'll go back up", he'd say to John.
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John, who has been reaping the benefits of his investment on a daily
5 h3 d5 ?% Y; }2 W: obasis, would reply, "Ya, it will. Hang in there buddy".& o- I, ~9 l, Q) G
3 ?6 \7 J9 X: Q) k- Y! m1 V' W( HMonths went by, and the value of the stock continued to fall, and there was the beginnings of a 4 c! w: }& v7 o2 y4 y5 q' l
noticeable dent in the beer pile.* K& ]8 P! m* N0 o; o+ Z- ?
9 \3 S# h- g/ A; t. I. R2 zMidwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was ( ^4 P5 ` P" W, [' O
about half gone. Jim, being sure that the6 @, k+ c7 E& g- p f! Z, g
stock had hit rock-bottom, still was berating John for his frivolous
$ Q, g) H+ E3 [$ _ n" dpurchase, telling him "Your beer will be gone in six months! Who knows what my stock will be
, b4 }! b) U. h# b1 b" _worth!!".+ ]6 e7 V$ Y' x4 B( e2 Z2 [
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Well, summer has come, and hard times at Nortel continue.
1 D' t; h5 N. k5 |" h5 |, cBad news: Both John and Jim have been affected by the layoffs.
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# B4 t/ _- g- ~9 }$ p M; w! sLast week, in order to raise some cash to help through( I1 l3 p8 {3 r* a
the rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the % Z/ G. E- L: Q. |# [
$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone2 m! k( Z! J+ N$ }8 a
needs their friend's during rough times), and as luck would have
$ i0 V' m7 w/ i1 c/ n/ @# ?. ]it, there were two bottles of John's beer left. John, being a good,
; o" g. \- i6 s1 @( lcompasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated
% e2 `' i$ s" d o1 @the gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I 1 o- D* L2 M3 l& }
got fifty bucks back out of it - you have nothing now.", he said. 2 B# Z% m$ J6 o7 N0 w
u+ D6 H) h3 }1 y, N"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he ) Q, u7 w6 Z1 m9 R e$ H* R$ w
added as his other friend with5 B& ]8 h6 H- T
the truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.
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- i* g4 T; g: H# A, U5 EUpon arrival at the beer store, they unloaded the empties, feeling a
, x8 S$ H2 m6 v. Z" Y3 g# zlittle grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24 ! W" c' d3 g" ]8 `/ K7 E
bottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as
! T/ q% k/ A, @- n. D- n6 \/ S+ _he handed him the money. 1 y! O9 h) d+ A% r& @9 d
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Jim was speechless. Poor guy. Can you imagine how you j5 U- u/ ?# N7 |# m
would feel if you just discovered that over the course of the last year, your $1000 stock investment S2 l/ y; _. d6 _
left you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80. ; J- k- Z4 L; b5 F" ]
# {9 K2 [% Z, ?$ `/ qI'll leave it up to the reader to come up with they're
' ^8 f; o( p [7 }: Bown "moral to the story".
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Have a nice day, and happy investing. |
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