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原帖由 如花 于 2006-10-23 13:23 发表
5 j5 \( Y& ~4 R, b# s1 t如果是买了nortel呢?
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) C, P( a* T: hOn July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work 0 }/ G" s* R, F2 t* j
for Nortel Networks, where in the summer of 2 v/ {- W0 i# h! _. @7 w
2000, there was LOTS of money around for bonuses).
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Jim, being an intelligent, financially concientious person, put the
' ?. n2 h! L; Z. {0 j$ ?$ d$ o/ f k1 Zwhole $1000 into Nortel Networks stock. With his $1000, and the7 a" Y+ k1 i/ f5 t& o
transaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the , q6 O) p- {6 P
Nortel stock climb and climb, he
( l: ~& I. Z7 \3 ]$ v) a; kfelt 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
2 O6 t# v6 `- i- [9 Hwith his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he
& l+ k; X* t: H0 hpurchased 33 cases of beer. John also3 Y+ a9 I( n6 E% w; z
felt very good about his investment: 33 cases x 24 = is 792 bottles
" m: K# r5 L+ R& j1 bof beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim, 2 N7 ?6 ?1 q6 e! X1 ^0 t
calculated that he could drink about 15 : A, _# u9 x& {. i2 s5 M0 ~5 [$ R
bottles per week, and he wouldn't have to buy beer for a whole
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+ \# F& c3 ]0 i9 L5 o4 G" gJim, of course, was appalled by John's purchase, and berated him0 U& {1 G0 G8 g# U# ^- c
constantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to * g+ N! e- _$ Y7 I0 v0 B) h
dwindle. "It'll go back up", he'd say to John.* V" E& d+ K% H" P! H/ v, ?
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John, who has been reaping the benefits of his investment on a daily
3 y& Y( W, m0 W1 a) }" t2 s+ s" g5 h8 ?basis, would reply, "Ya, it will. Hang in there buddy".
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; e- q% ~' b1 S. n+ GMonths went by, and the value of the stock continued to fall, and there was the beginnings of a
( H9 I8 ~ H# |noticeable dent in the beer pile.% t+ l1 d1 l8 k4 R$ X/ b1 f% C" m
* Y/ x3 i) S; J* mMidwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was
' d- `6 I4 ?! N' X" n' ]about half gone. Jim, being sure that the
3 s7 Z5 E& u9 H: b7 H& z! Jstock had hit rock-bottom, still was berating John for his frivolous
( g8 r: ]0 J! {% z& |purchase, telling him "Your beer will be gone in six months! Who knows what my stock will be ) r$ G" s) s$ e9 ^& w: A
worth!!".
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5 [! W \' u& r$ RWell, summer has come, and hard times at Nortel continue.
5 x4 {& r0 S4 T* K3 c1 E+ ^0 XBad news: Both John and Jim have been affected by the layoffs.
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9 J- L; G" @+ ~8 DLast week, in order to raise some cash to help through1 f. W6 x, t0 i4 W
the rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the
/ v% W# [+ U+ X( x+ }" V7 W) G. a$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone- B5 ~$ ~9 [8 Y# F: d2 a! W2 @
needs their friend's during rough times), and as luck would have
7 L# y) M1 i5 Git, there were two bottles of John's beer left. John, being a good,
: H' Q) W- E- W! O+ acompasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated
T5 A2 t# F! P7 G# {0 Q0 kthe gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I ( E }8 f1 Z# \ _ N( T
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
1 V! A. U# J- m5 y! ?added as his other friend with
5 Q: j/ T+ D2 g; E! {/ Cthe 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 ^" S3 `; `' }. s% @8 N$ f7 v& {5 o
little grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24 0 ]0 z, N: [" s9 J% Z, [
bottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as
" M0 n. k& Z3 ]& c" Uhe handed him the money.
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Jim was speechless. Poor guy. Can you imagine how you, X0 b# Y7 P. l
would feel if you just discovered that over the course of the last year, your $1000 stock investment 1 M4 a% \6 J; d, d0 H/ `7 u
left you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80.
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I'll leave it up to the reader to come up with they're
8 p$ J* h0 W7 ?5 R lown "moral to the story".
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; L r! a3 d* g3 ~ I I7 MHave a nice day, and happy investing. |
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