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原帖由 如花 于 2006-10-23 13:23 发表: d( P1 i0 @9 M# u0 x/ P
如果是买了nortel呢?
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" ?- R- m) \+ j% `On July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work / H6 M' e' y( C1 s
for Nortel Networks, where in the summer of
6 f2 J/ D. o6 A" T* s& {2000, there was LOTS of money around for bonuses).
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& n1 q% y% x k# w, YJim, being an intelligent, financially concientious person, put the
. S' T9 ]4 s1 @7 U2 C% `5 e* Ywhole $1000 into Nortel Networks stock. With his $1000, and the, J4 Y! _$ @; W0 F& D' d
transaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the 9 x" E' E# P0 F/ {! h* _2 J7 L3 L- m
Nortel stock climb and climb, he0 ]. C! B. [) O* B3 o1 W: t
felt very good about this investment, happy that he is preparing for the future.
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John, being a more care-free sort, did something slightly different ! P1 F t R' C$ W" H5 ~: ~
with his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he , \+ \3 U6 U4 u; Q& x; V
purchased 33 cases of beer. John also; q1 u5 d3 ~6 f) w
felt very good about his investment: 33 cases x 24 = is 792 bottles
0 m) c: Q4 ~9 w9 q" K( d6 Fof beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim, 5 n; x) u0 |9 a
calculated that he could drink about 15 7 D+ V1 U @) {+ _- x$ o2 V% N6 |- \" M, \# w
bottles per week, and he wouldn't have to buy beer for a whole( `8 V2 @# u9 z6 {
year.3 p9 _& X. @2 Q, i5 s6 O5 x
) Z7 P! j: b8 w4 V& e- xJim, of course, was appalled by John's purchase, and berated him+ Y( n s; d* h( R0 Y
constantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to 5 q' j/ }8 i/ U
dwindle. "It'll go back up", he'd say to John.$ H- k% p2 r* i) I
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John, who has been reaping the benefits of his investment on a daily
. T2 H/ D4 H3 j! K2 s, @basis, would reply, "Ya, it will. Hang in there buddy".4 q9 P3 X$ N! W$ \
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Months went by, and the value of the stock continued to fall, and there was the beginnings of a 6 ?- ?# r/ R. O( ?
noticeable dent in the beer pile., ?7 S2 Q; {" s7 Y' I; q3 h
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Midwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was 2 q+ P; l. l2 ~$ Q& ^# O
about half gone. Jim, being sure that the) w: u4 b: j5 _, _) L2 E% h
stock had hit rock-bottom, still was berating John for his frivolous8 i/ d1 L/ j+ r* _+ ~* e
purchase, telling him "Your beer will be gone in six months! Who knows what my stock will be
6 ?- |% Y T% a4 Bworth!!".
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Well, summer has come, and hard times at Nortel continue. ( h% ^- l( D: ?) a! X- G3 I4 z
Bad news: Both John and Jim have been affected by the layoffs.
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0 @4 N( ], P7 [Last week, in order to raise some cash to help through
* K/ Z0 l/ a- u. y* _* Kthe rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the 7 A# s) e+ e. Z7 c
$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone
7 w9 q) k2 o& n/ E# bneeds their friend's during rough times), and as luck would have
+ Z* O$ p! L% b4 i7 Q5 }* L% p: Hit, there were two bottles of John's beer left. John, being a good,
$ n! D6 x7 v `compasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated
1 I# s8 `, }5 ithe gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I ' w6 @, ]4 x1 B' G; \' E
got fifty bucks back out of it - you have nothing now.", he said.
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"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he - i5 B) g% L+ k9 k0 j* r3 K- ^
added as his other friend with+ L6 O! z9 @/ H. z( F, H' J% o
the 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 a
1 m$ E+ e+ B2 p% d- S" e+ @little grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24
$ v" }3 r& X8 D6 v$ o$ zbottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as
8 G; G' o5 j( y& J# M& b _3 J3 Dhe handed him the money. 9 e3 J6 P3 s7 X, ?- Q
9 q; D& O/ u6 w# O2 XJim was speechless. Poor guy. Can you imagine how you* A# l0 T9 Y0 d. j# r
would feel if you just discovered that over the course of the last year, your $1000 stock investment
' \+ U$ S1 v& mleft you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80.
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; r6 E3 \) J, Y1 w$ r; p$ e+ B7 iI'll leave it up to the reader to come up with they're0 \# F( b: v5 G6 M. k% p
own "moral to the story".* ^( ]! q- A j1 E
' W5 c; |! g& uHave a nice day, and happy investing. |
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