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原帖由 如花 于 2006-10-23 13:23 发表
' c( {1 t# ~8 k& O如果是买了nortel呢?
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On July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work 7 H- v. {0 E( F$ E M
for Nortel Networks, where in the summer of 3 C. h6 i+ Q' h! D+ M* s( |) r
2000, there was LOTS of money around for bonuses). + |# u* V5 p1 u" o* Q8 ~) K! {7 f
9 |5 n$ @" T+ N: q4 wJim, being an intelligent, financially concientious person, put the
# C7 a+ ?2 T9 ^- w* g- h2 c# E+ k. qwhole $1000 into Nortel Networks stock. With his $1000, and the
& n. i! g0 c$ k3 A% ]" o: z3 j1 c2 ?( Etransaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the
- t( c0 h/ B3 f* w, V* hNortel stock climb and climb, he3 o' v" W) Q6 r: E0 m' y& g
felt very good about this investment, happy that he is preparing for the future.' [4 k) x5 \/ o& D7 Y
/ E4 M! ]& K" Q4 ?John, being a more care-free sort, did something slightly different 8 M' u* s; V) ^) j4 k8 z8 H
with his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he # [ B1 K7 [: f) `4 Q3 T; R3 \
purchased 33 cases of beer. John also
3 f/ \' p# E- E# }felt very good about his investment: 33 cases x 24 = is 792 bottles
. n: E( G8 n9 C1 Y1 v% D) ?3 Tof beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim, . f. t' X$ g7 ]$ Y( c
calculated that he could drink about 15
% T g. T) ~ O* [* ^3 ubottles per week, and he wouldn't have to buy beer for a whole$ Y) u5 X0 t2 W+ s3 x9 h
year.
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) G" h! T5 f- c8 hJim, of course, was appalled by John's purchase, and berated him; t# h4 p0 h& R) m
constantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to
9 l( _2 c( w; I, ]) F1 {4 k" Edwindle. "It'll go back up", he'd say to John.6 f7 ], ` d. e- d) d Y5 r5 w7 f2 M2 K
- g; Z- Q: Q8 g) a( w$ WJohn, who has been reaping the benefits of his investment on a daily0 S% h2 {; c: C& \) S" ? @
basis, would reply, "Ya, it will. Hang in there buddy".
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' x r/ O4 K1 UMonths went by, and the value of the stock continued to fall, and there was the beginnings of a
( g, h, R D! Q# \9 n+ hnoticeable dent in the beer pile.9 G. I S, W; s/ \5 @
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Midwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was
7 ^, M+ y% G% X' P* P% Iabout half gone. Jim, being sure that the4 r, \' g' d: _3 O
stock had hit rock-bottom, still was berating John for his frivolous
' f9 o( H- ~1 upurchase, telling him "Your beer will be gone in six months! Who knows what my stock will be
$ r3 ` Y) k+ d( K: p% Rworth!!"./ d2 }2 a1 X$ ]) U
- N0 A4 v0 e6 u! J& P: rWell, summer has come, and hard times at Nortel continue.
" M3 d5 {4 A, QBad news: Both John and Jim have been affected by the layoffs.; Q1 b" U3 r1 L z
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Last week, in order to raise some cash to help through
( [3 D3 `$ [: D# z V cthe rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the
& k* P% {: t( F5 {$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone! p5 | {. _2 J
needs their friend's during rough times), and as luck would have7 `2 \2 _7 H2 C$ c6 @ i# C
it, there were two bottles of John's beer left. John, being a good,: }1 u2 [5 L+ m
compasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated
, C% o- z, _) V xthe gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I
# Z1 x$ l8 v9 sgot fifty bucks back out of it - you have nothing now.", he said.
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3 ^% S2 p% M* v$ Y"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he 6 V4 _/ W) b( p1 g# l, f
added as his other friend with
6 u% l* E' U. ?# Sthe truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.
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1 j9 ]8 U/ y TUpon arrival at the beer store, they unloaded the empties, feeling a8 `- [+ j* q# \" K2 N
little grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24 . V. W! r8 Q @
bottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as
' j/ {* A2 v- i1 x, Q2 r1 Uhe handed him the money.
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1 l3 Y/ T2 d' x* |; CJim was speechless. Poor guy. Can you imagine how you
; f8 }6 k, D8 x$ iwould feel if you just discovered that over the course of the last year, your $1000 stock investment ; V# O }8 G6 i! ?
left you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80. 1 E3 ?, i/ k7 m2 l2 {# G3 T
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I'll leave it up to the reader to come up with they're7 Z% @) \ _5 ?- N2 Z3 }7 t2 r1 @
own "moral to the story".) v5 x0 W% O4 }- T: I I
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Have a nice day, and happy investing. |
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