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原帖由 如花 于 2006-10-23 13:23 发表
( q: ?; A$ Y1 R1 g如果是买了nortel呢? 3 w5 A+ d J5 s3 i4 i* d( I2 i
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On July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work ( ], u7 q" F6 F# z
for Nortel Networks, where in the summer of
) w. z2 }0 b# m2 P" D; s( {2000, there was LOTS of money around for bonuses).
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Jim, being an intelligent, financially concientious person, put the! S. x: {8 ]% Q1 X
whole $1000 into Nortel Networks stock. With his $1000, and the# B# `- G- v) N' N9 O) M Y$ a
transaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the
6 j% v X2 v# A' K, CNortel stock climb and climb, he
- O6 q7 e3 b: y/ K7 a; Ifelt very good about this investment, happy that he is preparing for the future.
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2 j9 s, s( J% f! f3 V1 p) ^6 MJohn, being a more care-free sort, did something slightly different . ~0 p& O. \7 a+ S; E) O- M& z
with his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he 9 V% x! v; A. C$ H0 U0 Q0 n* X! {% u
purchased 33 cases of beer. John also' n _% T. M7 S- x2 _
felt very good about his investment: 33 cases x 24 = is 792 bottles; d" e/ R8 K7 d7 D/ s
of beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim, $ m1 R5 _$ `* ~: R. N9 t
calculated that he could drink about 15 , k+ B* j! t5 x4 ^0 s1 _
bottles per week, and he wouldn't have to buy beer for a whole
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- q- P3 m% N) ?: I. VJim, of course, was appalled by John's purchase, and berated him* T( F6 F. @7 _, A
constantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to
) y# F* [: j M6 _4 y5 cdwindle. "It'll go back up", he'd say to John.) O5 N4 s; h* e5 s7 w! S
" E* O$ R$ F( V; U& |+ |John, who has been reaping the benefits of his investment on a daily9 |+ h* i! `5 a4 v+ ^6 q
basis, would reply, "Ya, it will. Hang in there buddy"." ?, R! s2 H z6 u4 q
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Months went by, and the value of the stock continued to fall, and there was the beginnings of a
1 b/ s' j& U- Z! q$ @/ J) R/ @noticeable dent in the beer pile.& C( H$ s7 W, L
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Midwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was ; B+ k7 D A$ b7 N
about half gone. Jim, being sure that the
- d& x& t) m: J Q! j5 qstock had hit rock-bottom, still was berating John for his frivolous
& H& D) q& ~/ _) d4 u3 {4 zpurchase, telling him "Your beer will be gone in six months! Who knows what my stock will be
1 Q) y3 Y. G( k/ t; Sworth!!".* x$ |, q, X$ R/ g6 |$ D: ^0 `: l" ?
8 r; _5 H% ~1 S+ {Well, summer has come, and hard times at Nortel continue. " ?) F; t! s( S6 H) m
Bad news: Both John and Jim have been affected by the layoffs.
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2 s& x, P0 Q( d! F' O- }Last week, in order to raise some cash to help through) E2 ~6 K8 m$ e7 o# j) }
the rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the 7 B5 X2 `8 C0 L
$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone
3 h! u) o4 F6 ineeds their friend's during rough times), and as luck would have
5 W) a3 z) e I5 d1 ]5 |5 f7 L+ cit, there were two bottles of John's beer left. John, being a good,
" }7 j8 z e% S# Ccompasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated $ J7 U- s. A' A& e3 O
the gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I
8 n/ M# [, \" N: ~got fifty bucks back out of it - you have nothing now.", he said. $ @) |2 C( n: x0 S i( ~! {
' c# e2 l/ G' }* k& e+ x"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he 4 A% ?% x3 X0 u5 |
added as his other friend with7 Q: h- e; G, B I
the truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.
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1 m: [ [! ~& r% N9 v' V7 NUpon arrival at the beer store, they unloaded the empties, feeling a/ _( l* O& Z6 s
little grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24
3 |0 o) }* }8 k2 u. w( y6 S4 G ^$ ebottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as
; b7 @ K8 x' lhe handed him the money. ( y2 a$ O; { j+ f0 v- [: Z8 W8 T
2 X9 ]2 p$ H7 o; CJim was speechless. Poor guy. Can you imagine how you
7 l- S1 X6 d' n/ ]* u. R9 swould feel if you just discovered that over the course of the last year, your $1000 stock investment
. q3 O O* N b U4 \/ i; [left you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80.
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& Z# w& [! V2 a5 _" }9 V- ~I'll leave it up to the reader to come up with they're
2 [# \# ^, |% D+ Y' Z* Iown "moral to the story".+ d) G( V* N7 T7 L$ {
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Have a nice day, and happy investing. |
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