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原帖由 如花 于 2006-10-23 13:23 发表' k/ H* t" f- {" P; v, M
如果是买了nortel呢? " K y6 _/ Y9 A! Z% G
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On July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work
* f# z/ R9 A& N' ]* {9 afor Nortel Networks, where in the summer of ; m2 Z! i3 m2 p( G2 {. E! @, d9 D
2000, there was LOTS of money around for bonuses). * B! p$ C# A9 s2 q2 z( J w; p* r
. [; K7 p8 p9 IJim, being an intelligent, financially concientious person, put the! }; r3 J2 Y# J; L
whole $1000 into Nortel Networks stock. With his $1000, and the
, b& b& D8 {$ Y2 ?- j$ d2 `0 Qtransaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the
! `/ _. r- W1 c$ a( C! }7 UNortel stock climb and climb, he
, x1 `: Q: e3 i/ \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 : q u0 E$ M; t! k7 Z/ l6 X
with his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he
7 k* o( q2 S# i1 F+ _$ ?3 J* [purchased 33 cases of beer. John also4 e* j4 e. l1 z/ \; R% p& @
felt very good about his investment: 33 cases x 24 = is 792 bottles
1 @! p- L! A8 B& c* o/ R0 Yof beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim, ' f& c. C: K. q+ h
calculated that he could drink about 15
7 i/ ^. i4 f' E3 Wbottles per week, and he wouldn't have to buy beer for a whole/ Z! c; V1 f0 }! C6 p! Y
year.
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Jim, of course, was appalled by John's purchase, and berated him
* F) c* f7 I6 ^ e" g3 ^5 X- lconstantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to
" {( |: W O$ @% ldwindle. "It'll go back up", he'd say to John.
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, D/ v, C) g- |+ DJohn, who has been reaping the benefits of his investment on a daily
2 ] p: x& E6 x1 P1 C5 xbasis, 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
) R0 Z0 r3 N' m, Y' l/ enoticeable dent in the beer pile.8 B. @6 B( W( k' R: j
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Midwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was , x( N( U' k0 c9 \
about half gone. Jim, being sure that the
9 H" E1 T; z# b# ]stock had hit rock-bottom, still was berating John for his frivolous
4 @1 N+ Y6 U* `, E3 ]& V5 epurchase, telling him "Your beer will be gone in six months! Who knows what my stock will be
$ Z& {: E. Z$ W* e! k' P- j+ R) Mworth!!".5 s* k A: M0 w- m9 V; a2 _ K
$ y' F7 v4 j; m H# {0 IWell, summer has come, and hard times at Nortel continue. 5 ^5 j5 p1 E& m) |4 a
Bad news: Both John and Jim have been affected by the layoffs.+ D) a5 }# V- e0 }5 _- F) o' Q& V
& b- F% S% Z! o* yLast week, in order to raise some cash to help through% V" G) `9 A: H, u8 S! a- O
the rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the + G; Y: X, Z+ ~4 u
$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone
- R6 f/ Z' p$ W% X% Q, zneeds their friend's during rough times), and as luck would have
2 ?- u, O: U! E6 m+ Y' ?8 W/ S4 Vit, there were two bottles of John's beer left. John, being a good,
$ O! A; ^: k, I: {compasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated ) O" c2 f# Q5 w2 Q3 W7 x- \5 p
the gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I
. C* `1 G! U# @* l- N( qgot fifty bucks back out of it - you have nothing now.", he said.
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6 ~0 m5 H1 b+ I"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he ' A- _ X1 M5 ]+ c: I8 S- B$ O
added as his other friend with6 k7 Q1 }% Y9 ]2 O) J5 C; _
the truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.5 x# P8 B" j; O K% C: }) `8 J
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Upon arrival at the beer store, they unloaded the empties, feeling a
T# {( f" }: `0 s# Ulittle grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24 ' i' p; ^+ o& Y7 t- j5 C! H
bottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as7 v: m% x! U4 N e
he handed him the money. 7 [& M5 V) Y% ^) _% h5 o& V: w
: I: h9 G. V$ V. S* ` M8 k; p& c' TJim was speechless. Poor guy. Can you imagine how you7 y+ W4 d- T) z* L- w2 c7 _
would feel if you just discovered that over the course of the last year, your $1000 stock investment 4 ~* i2 k9 h* Y0 d! G" _% g2 Z
left you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80. ( M8 K8 F8 q' w. W
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I'll leave it up to the reader to come up with they're" @8 S% o7 s. e8 Q
own "moral to the story".- l2 y. a- s* @5 e# m' k
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Have a nice day, and happy investing. |
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