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原帖由 如花 于 2006-10-23 13:23 发表. w+ v3 J/ o) W3 }! ?8 Z
如果是买了nortel呢? . X) F: ^, Z3 y$ U! G
# Y6 q; d! c: Y _On July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work 8 D+ M2 _+ }4 h* X0 g
for Nortel Networks, where in the summer of 0 e: \- A! w/ U; Y
2000, there was LOTS of money around for bonuses).
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Jim, being an intelligent, financially concientious person, put the& _: S1 m; I2 |: @- }
whole $1000 into Nortel Networks stock. With his $1000, and the
6 e. F) l& L% f( e! o. g ftransaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the
8 L' h! h( v2 c7 INortel stock climb and climb, he
6 M1 O" j, q0 ]2 Z, q' V9 Lfelt very good about this investment, happy that he is preparing for the future.
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& V1 p5 h7 ~) C. a" ^John, being a more care-free sort, did something slightly different 5 S9 {) Y- s6 _( D% V
with his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he 0 h2 W. Y, p" R0 ^7 d
purchased 33 cases of beer. John also
8 ~; ^* o7 N0 Z; H' w6 Efelt very good about his investment: 33 cases x 24 = is 792 bottles8 w5 J. B# H5 w; K
of beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim, / Y5 T4 q9 h1 a0 G% U' ?
calculated that he could drink about 15
" u Z ?7 \0 ~! xbottles per week, and he wouldn't have to buy beer for a whole7 f" p+ A- c1 e7 F3 i0 T
year.
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Jim, of course, was appalled by John's purchase, and berated him/ k) J, A+ O- N: {
constantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to $ O2 [! n# [5 W% p
dwindle. "It'll go back up", he'd say to John.1 N1 A; \; n, K! T, }
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John, who has been reaping the benefits of his investment on a daily ? T) g4 Q! I6 D5 z$ F
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
* D8 ?" ]1 d0 n9 L& p% M8 l- J1 e1 qnoticeable dent in the beer pile.
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Midwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was
! m/ @1 Y2 e! X0 U: B5 qabout half gone. Jim, being sure that the: _( {/ g7 H3 K" f. y. e
stock had hit rock-bottom, still was berating John for his frivolous
, `7 {$ [1 A! ?' ^3 T5 N- D. Dpurchase, telling him "Your beer will be gone in six months! Who knows what my stock will be $ o$ d! g1 n: ]1 o' w# G2 W9 a/ r
worth!!".2 N- J7 f9 d7 C& U; H& U
) H8 e$ F: _6 _( V% a" M2 ~$ [Well, summer has come, and hard times at Nortel continue.
1 L! @" [( y& Z+ ABad news: Both John and Jim have been affected by the layoffs.
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Last week, in order to raise some cash to help through
8 t+ D6 l7 N0 B9 M; _' l# Sthe rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the
# X; g. }6 F) i* i. P1 B$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone+ O9 X0 n8 t5 B/ {
needs their friend's during rough times), and as luck would have- c& \# j2 w$ v0 N, t6 c1 g
it, there were two bottles of John's beer left. John, being a good,
1 p( ~0 H" |, F! }, R/ f' v, H. {compasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated $ U, B& G) s9 m( b5 U9 B1 i
the gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I . U" y% f4 ?! N% g6 t( q+ X. ?
got fifty bucks back out of it - you have nothing now.", he said. 1 b" X6 W; D$ p
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"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he * ?: n4 L% ^, o S' r+ h8 j3 {
added as his other friend with: ]: {0 Y& B$ P5 q0 G, m# Z' Y
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
0 b0 k2 M# p$ a: D" Z$ F h4 H# nlittle grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24 4 p+ A/ j# b/ p$ D3 ]$ n& [
bottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as
( u% l7 j$ {; W" g" s+ y. ehe handed him the money.
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Jim was speechless. Poor guy. Can you imagine how you2 ~ X6 a# F+ i, o* F+ V! T6 O, X; J
would feel if you just discovered that over the course of the last year, your $1000 stock investment - B# X1 e1 n1 I0 w( V+ n1 P. `
left you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80.
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6 L8 z# q' v( c6 g! ]+ ~# t# [I'll leave it up to the reader to come up with they're& q6 y; C& t, e, ]
own "moral to the story".- B2 ^* Q( v* N' r! W7 k1 R
) `% b# o, w- R& E: S6 K" eHave a nice day, and happy investing. |
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