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原帖由 如花 于 2006-10-23 13:23 发表8 ]! t7 q% ]% i. N( {) ~
如果是买了nortel呢? . `* p; a* {; I0 Q9 M
' _0 M b. e: a. P8 ?" kOn July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work : ], ` P$ T- ~* g8 o0 e
for Nortel Networks, where in the summer of
: V3 L/ Y5 z+ p% s) s, O% w% u- Y2000, there was LOTS of money around for bonuses).
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$ f9 o, P2 C5 \( d3 v& y6 lJim, being an intelligent, financially concientious person, put the
% o% P) ]2 p& ?* Q) R6 z2 n9 @whole $1000 into Nortel Networks stock. With his $1000, and the- J3 M1 U) @. ~- ]1 X
transaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the
& e t( o8 h, P4 T. i: Z, SNortel stock climb and climb, he
$ Q8 V9 i* K5 Z! w5 bfelt very good about this investment, happy that he is preparing for the future.; X5 o8 l- f% a" r \
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John, being a more care-free sort, did something slightly different * J6 m0 A2 @+ R4 |) S( ?0 Z' R9 t
with his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he
; v( x& s/ a8 vpurchased 33 cases of beer. John also W0 o* i8 e9 K1 d5 a. o
felt very good about his investment: 33 cases x 24 = is 792 bottles
3 Y6 F0 p8 |% \% c4 H% v' I6 b9 K+ M5 hof beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim, 2 m" C) N. N l- C
calculated that he could drink about 15
; O8 L' W5 x( g0 I6 o! ^bottles per week, and he wouldn't have to buy beer for a whole
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Jim, of course, was appalled by John's purchase, and berated him
F, O0 u7 X5 M# Kconstantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to ) N- C6 _" V% q* c, [2 n+ `
dwindle. "It'll go back up", he'd say to John.
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John, who has been reaping the benefits of his investment on a daily) q2 I8 G, }6 J9 E6 i# r f2 ~: s
basis, would reply, "Ya, it will. Hang in there buddy".
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Months went by, and the value of the stock continued to fall, and there was the beginnings of a ) Z) W H% F$ Q% G' b# L, k
noticeable dent in the beer pile.
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4 M$ F2 s% u5 f6 V, g3 \Midwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was 9 r5 Q3 d% Y/ Q' N! m9 Z4 }
about half gone. Jim, being sure that the
o, t3 j+ D& r8 B3 ]0 istock had hit rock-bottom, still was berating John for his frivolous( }8 O/ h- i! F5 e
purchase, telling him "Your beer will be gone in six months! Who knows what my stock will be - S& ~2 q& M3 g
worth!!".# `8 Z( b% i q# n
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Well, summer has come, and hard times at Nortel continue.
) K- E8 \2 d1 B2 KBad 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; e' P0 w8 x: k1 X. d, s S
the rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the 6 A3 P9 x8 \, i1 Y, H! T
$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone
' r& `1 y% R# Jneeds their friend's during rough times), and as luck would have
# U% `+ r, e+ X2 a7 q3 N: l. tit, there were two bottles of John's beer left. John, being a good,4 m3 K. T+ i: v0 V* E
compasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated
/ Y: g+ q4 F. Uthe gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I . j) |0 k- U- Q1 N. l
got fifty bucks back out of it - you have nothing now.", he said.
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; k5 P% f" E7 V% V( Z) r"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he $ h, x* W9 Y& b2 f$ O
added as his other friend with: U! J# \/ [# d5 u
the truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.& |3 m! f% v' L
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Upon arrival at the beer store, they unloaded the empties, feeling a" {+ Y' P' w7 G; j: C( P& z8 V
little grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24 6 G6 Z; I; k( P+ Q
bottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as
+ S" |$ t8 @! p* T0 Phe handed him the money.
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Jim was speechless. Poor guy. Can you imagine how you3 r3 M8 F9 ]9 B2 C3 G
would feel if you just discovered that over the course of the last year, your $1000 stock investment
* P+ j! {$ K2 C- z ~( w3 ileft you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80.
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/ E, u% f, d0 Y" iI'll leave it up to the reader to come up with they're
q: o2 l3 e8 @4 ?# Y$ Zown "moral to the story".4 b& H2 H8 s- W
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Have a nice day, and happy investing. |
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