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原帖由 如花 于 2006-10-23 13:23 发表
' d' o) N& @2 s0 @6 K5 G r8 Z/ S% `如果是买了nortel呢? & @! b; V2 q# X9 J S1 W7 x
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On July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work
1 Y/ f" S' F+ ^/ |. C6 ~ ~for Nortel Networks, where in the summer of 5 V x% I( k. i7 \" u+ H6 Y
2000, there was LOTS of money around for bonuses). 6 \4 t8 e$ m+ Y9 x6 M: }( b3 A \1 v% U
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Jim, being an intelligent, financially concientious person, put the
# P! |$ T9 A0 N* W$ Jwhole $1000 into Nortel Networks stock. With his $1000, and the
6 A& |( |+ h6 U/ c; ~6 Ptransaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the u! A; D. i5 M+ D
Nortel stock climb and climb, he
/ W% w$ G& ~* E8 T: Efelt very good about this investment, happy that he is preparing for the future.+ }& ?, I7 A2 }9 I) k) e9 E
% ?% p7 Z* p0 g- J; N! RJohn, being a more care-free sort, did something slightly different ! S8 w* y5 n( a7 p3 ^
with his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he
- @5 E9 i, s& `purchased 33 cases of beer. John also
7 }5 v2 T1 m2 ~7 _1 K. H' Xfelt very good about his investment: 33 cases x 24 = is 792 bottles
: ~3 Y) B5 {; ~of beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim,
' Y( B9 a% B5 x7 Q' \calculated that he could drink about 15
) n* l9 e8 ]/ _, s2 f. xbottles per week, and he wouldn't have to buy beer for a whole
- J" n6 O; [8 l2 H9 l1 I6 syear.9 U9 `* @ v* J) o
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Jim, of course, was appalled by John's purchase, and berated him9 q9 a8 D2 ^" Z# B- H
constantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to 4 e- a4 n' y$ [" b+ i4 P/ C4 ]1 Y' o
dwindle. "It'll go back up", he'd say to John.. l6 \* m, m0 {2 w+ R" D$ u1 t
$ l Z+ C- ~. c# mJohn, who has been reaping the benefits of his investment on a daily* U# c5 F/ {8 ?3 U+ Q# _
basis, would reply, "Ya, it will. Hang in there buddy".2 p4 S1 [( l6 U9 x
& B1 g9 Y4 r4 `8 r' T2 N- P. ^Months went by, and the value of the stock continued to fall, and there was the beginnings of a
. T) i. V! H- cnoticeable dent in the beer pile.8 T3 l ^) x0 H7 w0 M
: y- t- P9 |3 cMidwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was
8 K7 c1 g% u& N- X, ~about half gone. Jim, being sure that the" X: H& R q* m3 _: o- O! C/ H
stock had hit rock-bottom, still was berating John for his frivolous
0 V7 G) j' ~4 X. k4 }1 l% j$ t9 ^, Opurchase, telling him "Your beer will be gone in six months! Who knows what my stock will be & `$ D1 _# g. E; q. l: A5 d
worth!!".
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Well, summer has come, and hard times at Nortel continue.
9 b2 P, b& X* ~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: K; C% |0 e. V. i
the rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the
0 ]: D u# ^1 s5 P6 B$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone5 N8 m3 m8 Z$ O/ E+ l
needs their friend's during rough times), and as luck would have
0 r7 s ^. O% Iit, there were two bottles of John's beer left. John, being a good,% _2 v( j( x7 P" f& |0 Q7 }% |
compasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated " G9 G8 r U1 f" `* N) L0 D
the gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I * y$ T1 \2 w3 W! H& Q9 y
got fifty bucks back out of it - you have nothing now.", he said.
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"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he
8 o, h: K* W8 Y, K! q8 H( O5 C+ Badded as his other friend with
) U! `/ }$ D" t# v T8 ]5 Wthe truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.5 O r7 M) F% l8 y6 O
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Upon arrival at the beer store, they unloaded the empties, feeling a
% Q S: Q2 T0 v7 k0 o% wlittle grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24 4 h$ W+ m( i, D: F# k
bottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as& s( F. u/ k' [# B9 s0 t3 s) v
he handed him the money.
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$ q3 U4 p+ U S1 oJim was speechless. Poor guy. Can you imagine how you
4 C& b7 b5 k; w9 y9 d1 |3 Pwould feel if you just discovered that over the course of the last year, your $1000 stock investment
4 S) J6 ~! W: v+ V6 K. D6 A: pleft you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80. 9 e& U$ }2 _! w7 ?" q
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I'll leave it up to the reader to come up with they're
$ }# K% q2 f4 rown "moral to the story".+ j% L- O3 j6 I4 \( g
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Have a nice day, and happy investing. |
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