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原帖由 如花 于 2006-10-23 13:23 发表) `& G# c# K4 q5 o
如果是买了nortel呢? % I2 P. z ~+ O" D: s1 ^7 T
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On July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work
! l Z) B8 S. s+ r8 j9 Ifor Nortel Networks, where in the summer of
. u1 W" `) h( D% }2000, there was LOTS of money around for bonuses). 9 C* ~7 i5 r" s m2 u4 G; N
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Jim, being an intelligent, financially concientious person, put the
8 K; d) S4 N9 ^' ~) e& A$ e, _: twhole $1000 into Nortel Networks stock. With his $1000, and the
V9 ]2 a' Y* f8 Htransaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the 3 n. }* C% f* J1 w; y2 v" i/ U
Nortel stock climb and climb, he
X# `- X9 b0 U" ~8 Rfelt very good about this investment, happy that he is preparing for the future.
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8 I# Q( m5 @6 U9 J g: @John, being a more care-free sort, did something slightly different
- B% ]# k" k& v* Twith his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he
8 E/ W3 O# i3 ~0 I7 zpurchased 33 cases of beer. John also
, \$ u1 U! Y+ I" u2 r4 L# Cfelt very good about his investment: 33 cases x 24 = is 792 bottles$ \2 \! J3 @! E5 ~+ ]( y/ q) A4 r
of beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim,
$ S9 A9 y, _( x: E+ X, Ycalculated that he could drink about 15
& u5 E, h( k5 [+ [0 s4 o/ O% ubottles per week, and he wouldn't have to buy beer for a whole& \. W5 j5 H# E1 ^+ i
year.. B! t% K) m: h* k: C1 k
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Jim, of course, was appalled by John's purchase, and berated him0 p, g5 ?( k4 C. Y! C0 Q
constantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to ) A1 o! e6 D* j: o3 Q a# e+ q* x
dwindle. "It'll go back up", he'd say to John.
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John, who has been reaping the benefits of his investment on a daily6 c N6 ~+ p1 S: V
basis, would reply, "Ya, it will. Hang in there buddy". v, h1 j) c* j2 u |
h8 ~+ s, ~" j# B Z2 \Months went by, and the value of the stock continued to fall, and there was the beginnings of a
6 A4 g$ D$ Y) Pnoticeable dent in the beer pile.; G# V' Y+ F9 K/ T8 G
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Midwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was : Q% x0 V: h8 B8 `9 i# e
about half gone. Jim, being sure that the- b3 U( f; P& e h0 v) s3 r
stock had hit rock-bottom, still was berating John for his frivolous3 E9 c% P0 N- t' ^5 o6 A
purchase, telling him "Your beer will be gone in six months! Who knows what my stock will be 3 W" | x z$ q8 F2 b/ P
worth!!".& ^6 D& c8 X8 i3 g
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Well, summer has come, and hard times at Nortel continue. 6 ~8 ~" U9 b0 K# H& R
Bad 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
9 A. e% V5 f5 U7 `$ athe rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the
! `" f* U) ^9 n; z$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone2 f4 M0 B8 }' R9 i1 D. g$ \
needs their friend's during rough times), and as luck would have5 v3 _# U* l8 |0 T A+ x8 Q
it, there were two bottles of John's beer left. John, being a good,) o% }: J k1 Y& M, H
compasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated 0 J; n* U! l0 ~ s! `: |8 Y5 A! {
the gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I
4 U2 }6 g1 i0 I; O2 d9 {! j# a1 kgot fifty bucks back out of it - you have nothing now.", he said.
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4 Z, J- ?: G$ E+ k8 ~"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he
+ k" n5 F# \: A. t+ v+ c& i! ^+ ]added as his other friend with
. ]+ s* X: {' a) I5 j6 Rthe 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 E# n8 {7 H8 i% G, p1 ~( [
little grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24 ' k: y Q/ g2 M
bottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as6 n' @. P: w+ t6 d, {# x
he handed him the money. + Z( D, F* s& }* k* _, _. n
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Jim was speechless. Poor guy. Can you imagine how you1 J% v$ U% B6 W: |
would feel if you just discovered that over the course of the last year, your $1000 stock investment ' D, o! ~) W$ c2 ^! z2 w
left you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80.
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5 ~- e7 ^8 b" w# I! I( lI'll leave it up to the reader to come up with they're
: C, z# Y) \8 W3 ]) k6 Y1 V( D+ D9 ?own "moral to the story".
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* d3 D7 s( }' y; YHave a nice day, and happy investing. |
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