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原帖由 如花 于 2006-10-23 13:23 发表
# ?4 m1 L7 |0 X( M+ M! Y/ T如果是买了nortel呢? # [5 p, |& A% R" _5 u( D8 j5 D5 u
7 v' @9 C; ^/ g& hOn July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work 6 F( s$ d5 A7 E% d4 ~' q& r
for Nortel Networks, where in the summer of - C$ ]: g! \4 P7 t# a t% ^ Y* L
2000, there was LOTS of money around for bonuses). + O( q4 Y% T( z" x2 n4 c) c. e
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Jim, being an intelligent, financially concientious person, put the" ^' u( ~3 L# b% P8 v, y1 s! I7 c
whole $1000 into Nortel Networks stock. With his $1000, and the
. J, F5 K9 R5 M0 p6 W; h/ jtransaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the 8 F! n) d0 j/ v) v& l6 X
Nortel stock climb and climb, he
9 W" i% \+ h8 D+ Ufelt very good about this investment, happy that he is preparing for the future. y2 t- j |( e! a
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John, being a more care-free sort, did something slightly different 8 |) C1 s6 E- |+ v4 \# ~
with his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he $ \( M6 V$ A% l7 h4 ]* h9 L9 j
purchased 33 cases of beer. John also
1 n7 L6 j* K: H& H' t* D5 ^; {5 ]felt very good about his investment: 33 cases x 24 = is 792 bottles
0 v# Z& n$ x; s5 E& l4 G8 hof beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim,
* n: z0 Y3 a# B* b! v" Vcalculated that he could drink about 15
8 ]4 m4 Y; K4 P$ K% Gbottles per week, and he wouldn't have to buy beer for a whole
/ g" i0 Q6 X; h% Xyear.
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Jim, of course, was appalled by John's purchase, and berated him
9 d1 t* s/ d8 C; xconstantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to
( E. \; d6 @7 Wdwindle. "It'll go back up", he'd say to John.; a R) ?6 I2 T$ b, G% d, v
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John, who has been reaping the benefits of his investment on a daily7 Q8 }0 L6 C' U
basis, would reply, "Ya, it will. Hang in there buddy".6 k' d6 k. k6 Y/ D* t0 O+ T
0 |. D% W- m& K' N/ zMonths went by, and the value of the stock continued to fall, and there was the beginnings of a
6 H1 @! f) p/ R1 ^noticeable 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
& Q; k' ?1 |3 v `about half gone. Jim, being sure that the# R. Z2 a/ D9 [' A5 b
stock had hit rock-bottom, still was berating John for his frivolous8 E6 i: S* _6 n! P$ k w( z
purchase, telling him "Your beer will be gone in six months! Who knows what my stock will be . \; o! H7 C/ V" a
worth!!".
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/ U* E% z- S% C* T! jWell, summer has come, and hard times at Nortel continue.
/ ?$ e5 I) P, M1 `9 G7 I) N' s, r+ sBad news: Both John and Jim have been affected by the layoffs.8 o5 G" c2 q7 Q! ` z
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Last week, in order to raise some cash to help through
$ y3 b9 _( T0 G. F5 a/ w5 S! y2 Bthe rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the . d# `+ w% @% T4 |+ g& i- ^: M9 h
$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone
6 ?/ O% X/ l0 W: C% N( d) bneeds their friend's during rough times), and as luck would have
, n, R) q. Z# X* S+ [it, there were two bottles of John's beer left. John, being a good,
: N) |0 H# z1 Jcompasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated % G2 u6 l$ x8 `. J2 W
the gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I * q0 A0 s# o. D3 b
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 6 C* V' `" q/ k1 Q
added as his other friend with; `1 L/ R9 S3 H( ]3 W
the truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.- H. J7 L9 F9 P$ p5 W C
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Upon arrival at the beer store, they unloaded the empties, feeling a
[ R5 ^; s' [3 v9 r; J- \/ [little grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24
+ h6 f$ |: k( t# A; O2 I8 Vbottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as
; w+ P9 l2 Q2 L1 ?he handed him the money.
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3 H: @9 k, f7 X0 R5 s5 oJim was speechless. Poor guy. Can you imagine how you
6 u* i$ `+ R8 X6 Xwould feel if you just discovered that over the course of the last year, your $1000 stock investment
2 j- Q) N9 U- Nleft you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80.
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I'll leave it up to the reader to come up with they're
! H* Z% p% f$ Y0 A S: S; @! K" d* qown "moral to the story".* O% b0 e* i2 M5 e
+ z+ `3 S5 k* R* p" t6 BHave a nice day, and happy investing. |
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