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原帖由 如花 于 2006-10-23 13:23 发表
# M6 P) p. j6 K) l" c7 C8 X2 k0 G& ]如果是买了nortel呢?
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On July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work
' A6 ?0 Z" Q% N6 ^ R* @for Nortel Networks, where in the summer of
2 v E& _7 ?* X$ k- H2000, there was LOTS of money around for bonuses).
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$ c) N8 C2 s! ?. V9 H$ UJim, being an intelligent, financially concientious person, put the% |' a0 g6 r* t
whole $1000 into Nortel Networks stock. With his $1000, and the- N9 \ ]4 P, k4 m
transaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the 5 x+ Y: Y& o/ w. p3 e* c: G
Nortel stock climb and climb, he
0 [& j2 q! ~! f1 X4 Ufelt 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
( |. R4 w7 l, F Y6 Dwith his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he , w9 y% q, Y9 A/ ^
purchased 33 cases of beer. John also5 C: W8 ~) c0 t* z
felt very good about his investment: 33 cases x 24 = is 792 bottles
) V) J% |9 j' Kof beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim, ) b8 }2 k# x# l! r% l1 o
calculated that he could drink about 15
1 a& u8 [6 I* Pbottles per week, and he wouldn't have to buy beer for a whole' b* p1 X- D1 X. z6 o3 F& K6 P6 \
year.
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Jim, of course, was appalled by John's purchase, and berated him
8 `. e* G( M6 Nconstantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to + E1 u& Y/ d m, ]* |, X/ ~7 N
dwindle. "It'll go back up", he'd say to John.& M- K; @9 y& j* J4 _2 ^
4 @+ Y$ k+ N2 hJohn, who has been reaping the benefits of his investment on a daily- L: W: S, r2 x1 w1 U8 h. H) [/ b) L: z
basis, would reply, "Ya, it will. Hang in there buddy".' p, K# Z/ K1 c1 f1 O+ ~
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Months went by, and the value of the stock continued to fall, and there was the beginnings of a
; ?- H( y" R; N# 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 " r, ]) l1 e5 t x
about half gone. Jim, being sure that the
( G: e- d/ z# s5 l5 }( r) _stock had hit rock-bottom, still was berating John for his frivolous" M+ s% f' o& u- k+ p/ v
purchase, telling him "Your beer will be gone in six months! Who knows what my stock will be
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) ~0 C1 f: b/ x8 e% d RWell, summer has come, and hard times at Nortel continue. 4 d/ K6 i* ?7 ?0 ?4 q
Bad news: Both John and Jim have been affected by the layoffs.& o7 W- U; a# M/ J3 Q% L! d4 r/ @
7 E$ I5 C! K( G2 K/ g0 G+ ?Last week, in order to raise some cash to help through
% {0 P8 q% @7 j( i& e, E5 xthe rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the
2 E" t2 }- U& F; R6 w' _$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone
- [3 n! q/ x- ~ I" A, V5 Ineeds their friend's during rough times), and as luck would have) v" I4 T6 D6 `( f
it, there were two bottles of John's beer left. John, being a good,
# E4 s+ `$ F, x9 [6 x1 [( \$ _7 zcompasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated 6 ^7 H& G- D. j1 f" K
the gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I
7 A# G, E" T5 \( p s! ]( F& bgot fifty bucks back out of it - you have nothing now.", he said. 9 ]" ?# @9 v' Z7 e
4 R3 u- V: z8 \* t. {"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he
" L5 a& \: m0 `added as his other friend with5 Y0 O1 K# c) s1 I4 R6 ]9 ]& Q
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 a4 v$ y d' W. A* a
little grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24
! m4 Y; L3 r' y% v+ @1 tbottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as1 f; m+ A: x% ]
he handed him the money.
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4 k8 F4 G+ v& |7 sJim was speechless. Poor guy. Can you imagine how you
* U" ?+ c0 h. M) ?" \ Iwould feel if you just discovered that over the course of the last year, your $1000 stock investment - V; l C; U& b( Q1 F
left you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80.
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I'll leave it up to the reader to come up with they're4 O9 Z% s- I; N) Q
own "moral to the story".- f _, T7 N9 Q1 n! p# c' l( c
0 u) S+ J/ L0 _$ D/ j1 U, Y" uHave a nice day, and happy investing. |
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