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原帖由 如花 于 2006-10-23 13:23 发表2 _+ W2 b2 |/ M& | Q3 p
如果是买了nortel呢? b- d' b9 z: o( ~8 h& q
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On July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work
/ \3 R! T7 S6 L2 kfor Nortel Networks, where in the summer of
& m+ M) t @1 F) |+ m2000, there was LOTS of money around for bonuses). + r9 s g! ? S5 e$ p2 K9 q5 n
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Jim, being an intelligent, financially concientious person, put the1 F0 {; ^5 `* G! V# ^
whole $1000 into Nortel Networks stock. With his $1000, and the
# m# P) ~- M2 ktransaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the
. U" y% {$ {8 QNortel stock climb and climb, he
) M) t. V- y$ f! Lfelt very good about this investment, happy that he is preparing for the future.% T$ f0 F/ ]9 i1 `5 i( o
9 l2 @ t; t, \John, being a more care-free sort, did something slightly different
( D$ ~3 L$ [. a) W+ b- Qwith his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he
, L+ J: I- s0 p4 V; [% upurchased 33 cases of beer. John also2 ?. {( X6 I2 X! F
felt very good about his investment: 33 cases x 24 = is 792 bottles
0 C' V# p- }1 h1 e9 O! A1 uof beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim, ! d2 Q1 K8 U) Z: G s! ~! M7 z
calculated that he could drink about 15
& k) H- @7 ]4 |* m# M) ybottles per week, and he wouldn't have to buy beer for a whole _8 n) B- t4 ~1 L7 |+ f+ f& q
year.8 J" i! }5 g4 @
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Jim, of course, was appalled by John's purchase, and berated him
$ @) j7 x' T% ]7 S# ~' A& y5 R9 Qconstantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to
: ^, B4 V g" Y0 ^ A8 ]3 U4 }dwindle. "It'll go back up", he'd say to John.* [/ l7 A3 k1 |" ~- A0 n! i/ x
2 I' N4 x- D/ `# }" PJohn, who has been reaping the benefits of his investment on a daily$ q/ i+ m% u) Y7 n5 c
basis, would reply, "Ya, it will. Hang in there buddy".4 ]4 C! N& Y \0 q% `
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Months went by, and the value of the stock continued to fall, and there was the beginnings of a , j& W0 z2 d4 a" _3 F) y4 W5 q$ k
noticeable dent in the beer pile.9 N6 j% z& M, ]
. i0 c" H! ~- y. tMidwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was / L9 |6 A3 z2 n' B( {
about half gone. Jim, being sure that the* M; K0 Y' ^ K8 q7 {" w% G( L# W
stock had hit rock-bottom, still was berating John for his frivolous: n. i' W1 c: f( f; q
purchase, telling him "Your beer will be gone in six months! Who knows what my stock will be
8 p0 O3 f, o9 l/ Oworth!!".
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Well, summer has come, and hard times at Nortel continue.
. _6 k9 f2 U, [0 J. oBad news: Both John and Jim have been affected by the layoffs.
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; z, d% w7 S$ ]; ]* p2 @7 _Last week, in order to raise some cash to help through
9 |/ b) @0 Q4 W5 r6 R* Qthe rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the
5 E# e& C1 d& U0 q$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone
) q& X% P5 s8 m4 L' Wneeds their friend's during rough times), and as luck would have. m: u3 n0 f5 O/ [
it, there were two bottles of John's beer left. John, being a good,: }+ A' i9 _; U' T$ }2 c$ J
compasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated 5 ^: N, q' }" F0 v1 C% A$ i
the gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I
- n7 W' [1 m% ]4 ^( F2 zgot fifty bucks back out of it - you have nothing now.", he said. 0 Y( A2 F8 U6 T3 x* g+ g0 t) [
$ J& k% w2 m. i- `) @3 r"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he
6 {! C3 u# C) j6 n R" nadded as his other friend with- R7 t1 O* B3 [" _/ Y9 @' f j7 g
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$ K7 n7 ]. `) G8 Z9 J
little grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24 - z) j) \8 S' N
bottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as
1 h' z* Q8 W4 C+ R8 \he handed him the money. 0 @" ~9 K" J5 m- D" E
x$ J1 u E- Z: R; L0 Z5 A" o/ R8 ^Jim was speechless. Poor guy. Can you imagine how you! x; m/ g( K6 b$ H7 M
would feel if you just discovered that over the course of the last year, your $1000 stock investment 7 A( `6 [- X6 I) H9 n1 `
left you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80.
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I'll leave it up to the reader to come up with they're
7 Z) R( q! k# _own "moral to the story".' ]' N8 L) H8 Z! I( v6 S( L3 j9 `
( R9 {, E" C; x$ M D7 b9 R6 x: |Have a nice day, and happy investing. |
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