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原帖由 如花 于 2006-10-23 13:23 发表
6 A& y) n6 x' C$ g1 S6 f" u) E2 y如果是买了nortel呢?
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, R! F/ F% H' G/ s; oOn July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work 9 [( g" m, d" o. U$ ]0 K5 S6 w0 L
for Nortel Networks, where in the summer of
/ Y0 C- q; k; j( U9 T! _( U2000, there was LOTS of money around for bonuses). ' d0 w/ T+ H P
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Jim, being an intelligent, financially concientious person, put the' \$ Y0 ?4 ?- A2 I* V4 B! q7 ^' l: q
whole $1000 into Nortel Networks stock. With his $1000, and the
: v: X4 C5 X- G D5 Btransaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the
+ H& U! c' a1 K3 p7 [" T9 sNortel stock climb and climb, he$ S4 v. E# M b$ C3 ]. F, W- e
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
# s+ y1 o* U5 e3 gwith his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he
2 O- r+ v3 ^; M! T' f, u3 epurchased 33 cases of beer. John also6 }) q# d1 O5 H1 ]% U
felt very good about his investment: 33 cases x 24 = is 792 bottles$ X, Z- z. c+ R
of beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim,
d" z. Y9 S, g$ z! Y& R: p2 P2 N+ Ucalculated that he could drink about 15
2 t; n% a7 ?% Z5 y. Sbottles per week, and he wouldn't have to buy beer for a whole6 o7 a. C* Z- B' V" z
year.
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Jim, of course, was appalled by John's purchase, and berated him
, U/ p: N0 _- s7 r0 qconstantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to
5 h2 n- f5 g1 o: Y: rdwindle. "It'll go back up", he'd say to John.
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0 q9 v- u, R2 f _ l/ [John, who has been reaping the benefits of his investment on a daily' t! c- Q5 K% B! s1 `+ S
basis, would reply, "Ya, it will. Hang in there buddy".- H0 m0 l& s/ K( s
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Months went by, and the value of the stock continued to fall, and there was the beginnings of a
1 n/ f! I9 ] r: ^+ ?0 B( ?noticeable dent in the beer pile.# v" j% q9 L- h- r8 T8 b
7 j+ U2 I. k! _ U' C' z/ LMidwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was
& V, S1 Q! Q) ^9 H4 p+ O5 M2 B2 iabout half gone. Jim, being sure that the2 [5 W4 q4 q# V" d( w
stock had hit rock-bottom, still was berating John for his frivolous$ e6 @. Z; g8 _7 w% q2 D- n8 `
purchase, telling him "Your beer will be gone in six months! Who knows what my stock will be 7 b h. @+ f. T
worth!!".4 h, F W* y' B3 U; T
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Well, summer has come, and hard times at Nortel continue. $ ~' v: A9 ?% @3 T% p4 R- D
Bad news: Both John and Jim have been affected by the layoffs." h6 U7 K+ q C
$ a' h- r' k. h' g% XLast week, in order to raise some cash to help through
% g4 @7 |. q4 Q* Jthe rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the 5 P3 ]( k) Y5 h+ @+ B
$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone. |5 L) `) ?) M( \, f. ~- O# m' q
needs their friend's during rough times), and as luck would have
' a( w. i# h! f1 Cit, there were two bottles of John's beer left. John, being a good,$ u$ q$ }# a3 T8 X
compasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated 3 B; `7 q+ j1 z2 M$ k! F# m
the gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I
# M# O( c" e; W% I: hgot fifty bucks back out of it - you have nothing now.", he said.
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1 ~0 ~& Q. d6 `, C"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he
1 e, y- O! g) gadded as his other friend with
8 Z; K7 p2 y" g5 ythe 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 X3 w% u) Z- {3 J0 J7 K5 H3 p
little grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24 6 u a( s3 n0 d) s, q
bottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as9 \; h5 j! R* ?( \' I4 H* N
he handed him the money.
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Jim was speechless. Poor guy. Can you imagine how you
# z( d% Q. G3 f! f( [would feel if you just discovered that over the course of the last year, your $1000 stock investment
# @% L. J0 z3 \% g+ X7 @left you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80. % O6 `) W, G# F6 `
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I'll leave it up to the reader to come up with they're- H9 T5 U5 Z; T/ m1 f+ {
own "moral to the story".
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Have a nice day, and happy investing. |
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