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原帖由 如花 于 2006-10-23 13:23 发表
1 C* z4 o2 W0 A如果是买了nortel呢?
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On July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work
! V8 Q* L8 N$ |. bfor Nortel Networks, where in the summer of
+ E- {6 u, d6 P3 Z4 T; b9 I: @( O2000, there was LOTS of money around for bonuses).
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: f# ^5 |4 z$ |/ T) _* sJim, being an intelligent, financially concientious person, put the
' [/ O. r+ ?- I1 ^whole $1000 into Nortel Networks stock. With his $1000, and the9 a$ L/ l! k' e/ w2 e3 X- z3 x
transaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the
. w" ~, v' r1 j4 lNortel stock climb and climb, he+ }' o3 a# ?# C: t) {2 p) Q& [
felt very good about this investment, happy that he is preparing for the future.# o7 E% O! z( X3 M5 C' V% N
5 [! y T2 Q4 f# c( W& y+ xJohn, being a more care-free sort, did something slightly different 8 Q8 H+ o- f# x6 u$ y; m9 o6 D
with his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he / W; a3 x( K3 ]3 c7 @( v+ r
purchased 33 cases of beer. John also
" H- |; O+ ?, y: X; Nfelt very good about his investment: 33 cases x 24 = is 792 bottles/ V0 H$ @3 V0 o# d9 D2 j1 \
of beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim, 6 Z/ v/ f% e7 C' ~: v" S
calculated that he could drink about 15
* l; G i" P" ]bottles per week, and he wouldn't have to buy beer for a whole2 g( H X0 M8 i {/ w3 ]
year.
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Jim, of course, was appalled by John's purchase, and berated him, @; U, p6 x' a
constantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to 6 s6 O; J0 R3 _$ f! b+ n
dwindle. "It'll go back up", he'd say to John.% W/ m2 e/ O' g9 A2 D j
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John, who has been reaping the benefits of his investment on a daily2 Q6 I+ U5 D. B Y/ W. w$ y) p
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 8 j2 E0 P4 {* _6 o1 o# \
noticeable dent in the beer pile.4 r! d( I$ p' D$ \# A
/ d) B$ Y2 @! A$ s2 Z1 }) a* wMidwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was
1 f1 O4 d1 ~: [; ~( H$ d5 S8 d7 habout half gone. Jim, being sure that the
! e! i) ^- n& y2 ]stock had hit rock-bottom, still was berating John for his frivolous$ x6 N' p' o, s m5 G: R) d
purchase, telling him "Your beer will be gone in six months! Who knows what my stock will be
* R: P* J7 i4 X( |2 m' v' Oworth!!".
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Well, summer has come, and hard times at Nortel continue. ) a& m9 _8 a3 ^% t2 X
Bad news: Both John and Jim have been affected by the layoffs.* H8 i+ a& G2 H9 v+ @& ]: s
$ _( m6 j; W! |Last week, in order to raise some cash to help through" @( t) b& L) x ~& N/ K
the rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the ! h3 ?# T. u6 \9 H6 q z$ G
$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone) `* V) v& [; a+ p" o2 f
needs their friend's during rough times), and as luck would have
0 F' `$ d3 _! e0 Hit, there were two bottles of John's beer left. John, being a good,
' C! G; W8 C& s- p5 m2 h8 h% }compasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated ) N4 X* ^0 d, U& _( N
the gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I
: q6 V! C! G; R& r4 W0 z6 j: Wgot fifty bucks back out of it - you have nothing now.", he said. 8 Y0 F' G5 j' x1 w
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"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he # o) v$ R, o* y) M2 U
added as his other friend with
" R9 o1 ^: r0 V- _) y- _4 Dthe truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.( z p! m3 z' Z; d, g' T; o1 Y: `' a" Q
T1 F: a8 U) h/ I, wUpon arrival at the beer store, they unloaded the empties, feeling a
" z& p- I) T4 V. N! I, glittle grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24
& V R8 N" P# rbottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as
8 j9 k5 P. X- F0 dhe handed him the money.
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: ~1 \( j; f1 n0 s) G) \1 \Jim was speechless. Poor guy. Can you imagine how you
* E5 ~: g- s2 X$ w3 |would feel if you just discovered that over the course of the last year, your $1000 stock investment
' I" w/ K+ r4 K, x: }0 Nleft you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80.
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3 A- X+ q4 M: H6 a: |I'll leave it up to the reader to come up with they're p. C7 v- `1 }( Z5 A% J2 s @
own "moral to the story".
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, S* x7 i3 P; M' hHave a nice day, and happy investing. |
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