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原帖由 如花 于 2006-10-23 13:23 发表1 U" X$ _3 M* m8 t: K
如果是买了nortel呢? ; Q; k3 |) T L
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On July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work
3 v3 Q. d& I3 K9 O- T, dfor Nortel Networks, where in the summer of . I% y& f, N1 c
2000, there was LOTS of money around for bonuses). 5 m9 N! P1 \6 D! O7 P+ o
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Jim, being an intelligent, financially concientious person, put the
4 g! Y! U. w) F# v8 W" p/ _. B: Vwhole $1000 into Nortel Networks stock. With his $1000, and the
# |6 t7 [7 A! P, E+ n# Qtransaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the
8 D! p/ B: [! N' k& M7 GNortel stock climb and climb, he- `4 K( l. H* ]
felt very good about this investment, happy that he is preparing for the future.
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* h- \7 x8 u% ^John, being a more care-free sort, did something slightly different
! ~9 H- K- J: ?* ~# Iwith his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he
0 g! B: h$ \. L( i% ^9 M* H8 |' w3 A3 Qpurchased 33 cases of beer. John also& k( g1 `& g' o8 J U9 P4 z
felt very good about his investment: 33 cases x 24 = is 792 bottles
. a8 `& M9 w( X- ^ E" a0 x& c- L, [of beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim,
5 P$ \% ~5 Y8 I6 C: d. Ccalculated that he could drink about 15 2 f/ a% ]) f9 h
bottles per week, and he wouldn't have to buy beer for a whole: r6 ~- c2 o9 F8 z) ]" C3 x
year.2 Q3 Y/ e: h1 u; R) V! ?: V
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Jim, of course, was appalled by John's purchase, and berated him, Q9 R% k' ? a+ E1 v
constantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to 2 m- G0 t) \) ~. j0 i: Q" W. ?+ n2 ^
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 daily) Q% N9 E+ X" `+ Q
basis, would reply, "Ya, it will. Hang in there buddy".! ~0 s! ?* O# g0 |+ c6 V6 w
) ?7 j& C( m. s; ]8 f1 fMonths went by, and the value of the stock continued to fall, and there was the beginnings of a
9 |; R' B7 [! _4 V4 ^: vnoticeable dent in the beer pile.
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- a: \3 v2 B8 l- L- c# ?6 E1 }6 LMidwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was
! Y9 z. Z4 V: Y& T" dabout half gone. Jim, being sure that the6 p( d$ r# o" H9 b# f. g- s# W
stock had hit rock-bottom, still was berating John for his frivolous- |) o! ]$ i: i# u6 d. h. T$ U
purchase, telling him "Your beer will be gone in six months! Who knows what my stock will be , p% F0 L# F$ |3 S I0 Z
worth!!".
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Well, summer has come, and hard times at Nortel continue. v% ~0 z$ g T2 P
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
- M3 Q1 Z+ n) X+ b9 Zthe rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the 4 U5 D$ f" w ~0 z' X
$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone
2 h ~2 `+ t( l5 l( P7 y1 [needs their friend's during rough times), and as luck would have% \$ ?3 H0 K9 t$ S. m. N
it, there were two bottles of John's beer left. John, being a good,
! r. ]) f" x3 F% V5 K: D9 w5 ycompasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated K4 K* x0 z* \/ q
the gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I
4 W7 q. O5 O3 z4 u+ }got fifty bucks back out of it - you have nothing now.", he said.
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, X1 B$ q& P. y1 u"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he
4 y( U3 p; W' ?added as his other friend with. {" a/ @$ K8 P, G y
the truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.& e* I- L5 S# }/ A- _1 d5 e+ T9 o
% ?2 ]4 w2 f; \9 n4 K5 w; BUpon arrival at the beer store, they unloaded the empties, feeling a
3 P3 T* _* p+ l& Qlittle grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24
f, V' v, }1 m& A5 Cbottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as
# `. C8 z) {: Y D! vhe handed him the money.
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9 Z0 o" X8 Y2 BJim was speechless. Poor guy. Can you imagine how you2 _% e, P9 @" q; H
would feel if you just discovered that over the course of the last year, your $1000 stock investment
" ?7 y; ]( W3 d7 |6 x' x/ L. Fleft you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80. 8 Q9 i4 a1 z/ S
4 Q7 `/ C- ~: K0 X5 K2 W3 g3 r6 CI'll leave it up to the reader to come up with they're: o% R v1 A" b. }, c
own "moral to the story". t$ c6 H1 @- C% c5 N) V. u
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Have a nice day, and happy investing. |
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