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原帖由 如花 于 2006-10-23 13:23 发表
7 `1 R, |* ^# a8 k如果是买了nortel呢?
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n C% Z* P, pOn July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work
! ~7 X5 S# O# q5 W' `7 Mfor Nortel Networks, where in the summer of 8 \2 F3 f3 `/ L
2000, there was LOTS of money around for bonuses).
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Jim, being an intelligent, financially concientious person, put the
4 i2 [. Q. [0 a% Nwhole $1000 into Nortel Networks stock. With his $1000, and the1 L$ _! I) _, x
transaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the
; _$ e% S; s7 W; mNortel stock climb and climb, he0 w. M# k- N2 B, s
felt very good about this investment, happy that he is preparing for the future.& X& r8 a& }9 g; X# y- Z: @- ~. S
1 z4 O1 ]" W8 Z4 O- n) MJohn, being a more care-free sort, did something slightly different 8 }" O4 @/ z6 E" }5 d. O
with his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he - g- e9 D; h x4 y
purchased 33 cases of beer. John also
/ ^6 f$ q5 U$ |( l& vfelt very good about his investment: 33 cases x 24 = is 792 bottles
% k4 x! s: Y, a# p0 s f/ k. ]: dof beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim,
: _, @/ \9 Y3 y7 w! kcalculated that he could drink about 15
+ z0 O V3 r. m0 Gbottles per week, and he wouldn't have to buy beer for a whole
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1 i1 F: s5 d: CJim, of course, was appalled by John's purchase, and berated him) H# j9 o( J2 ~: P9 N8 L% F
constantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to + G8 u3 E) @! A
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
7 H- @/ a3 q1 ebasis, would reply, "Ya, it will. Hang in there buddy".( Z7 P3 l# @; r; U
! Q3 v5 l: p& g8 l. b+ h5 pMonths went by, and the value of the stock continued to fall, and there was the beginnings of a
" x3 A" E& q ?1 F+ inoticeable 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 2 E' s6 S4 T6 ~9 X- U$ l" [; e. V, [
about half gone. Jim, being sure that the+ |) V! ^5 g; @3 K0 l' K4 J
stock had hit rock-bottom, still was berating John for his frivolous
( L' _; V. c" V( xpurchase, telling him "Your beer will be gone in six months! Who knows what my stock will be ! V5 U: D: J, u0 q0 C: _
worth!!".
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Well, summer has come, and hard times at Nortel continue. ' M. {; \) @$ e
Bad news: Both John and Jim have been affected by the layoffs.5 B5 @6 N; e* V* p% s; z
* I) ]2 t: y1 B! ~1 [+ D& cLast week, in order to raise some cash to help through+ l7 N) V2 Z, L5 N' A
the rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the . h% q) D+ L: \0 n5 u# N
$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone
! m, _. J0 d; `6 K& D8 Yneeds their friend's during rough times), and as luck would have
- e7 Y+ Q0 Y$ o- F% z0 Zit, there were two bottles of John's beer left. John, being a good,* W; g7 f* c- b0 ^9 u7 M
compasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated
% u; ~' }6 A' Lthe gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I
' u* c2 _0 N% w3 Xgot fifty bucks back out of it - you have nothing now.", he said.
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' Z- T6 H! Y3 h" c% |"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he
/ I* S: v7 j; Cadded as his other friend with3 S R n/ G9 ` I
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- _% S, j. i# E" g- ]" Y& p6 M( r
little grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24 3 W% `% i# }3 ?7 w
bottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as
- s4 w1 s/ q+ Bhe handed him the money.
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) ~7 ]+ t4 |, FJim was speechless. Poor guy. Can you imagine how you
, T3 E! r% ? U1 D1 k6 [( t; G% zwould feel if you just discovered that over the course of the last year, your $1000 stock investment . K- c0 [ l M# K; K$ p# \9 w
left you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80.
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I'll leave it up to the reader to come up with they're2 J( i2 l6 J$ F1 e
own "moral to the story".
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6 u8 y* o, c% v4 ^8 f" Z6 XHave a nice day, and happy investing. |
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