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原帖由 如花 于 2006-10-23 13:23 发表" i% _; K% f3 F ~- D( s& h+ Q" D
如果是买了nortel呢? 7 Q9 R- ]3 y" G: R
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On July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work 9 M" d. _7 N5 D4 x. v& e
for Nortel Networks, where in the summer of
1 w' r1 x$ E& c: r- n$ |2000, there was LOTS of money around for bonuses).
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Jim, being an intelligent, financially concientious person, put the
+ }3 P5 f) U/ P/ k2 Kwhole $1000 into Nortel Networks stock. With his $1000, and the' g0 |% c2 i1 _7 _2 D% Q
transaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the / v3 T1 a) h8 n0 @$ x! Z) B- Q2 ]2 g% \
Nortel stock climb and climb, he' w: [7 `% @+ v' l
felt very good about this investment, happy that he is preparing for the future.2 n' R# M7 Z0 n9 }! E: ~! F
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John, being a more care-free sort, did something slightly different
+ a0 l7 B2 ~! N( A2 Cwith his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he 2 N/ v% ]$ O' F2 V4 [, i
purchased 33 cases of beer. John also/ g+ ]; R2 ~, Z3 r: W: J5 s
felt very good about his investment: 33 cases x 24 = is 792 bottles* u. i- F1 R: k' p0 }& p/ v% [
of beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim, ; L: ?- @7 y% L, `+ a V, Q- I' C3 h
calculated that he could drink about 15 3 S0 C5 T- U6 ?- ]5 d; M8 S m H
bottles per week, and he wouldn't have to buy beer for a whole- n" R, e+ u+ Y7 B* n
year.! q5 j A9 D; i; q
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Jim, of course, was appalled by John's purchase, and berated him
9 T/ Y( k" r9 X& a" }* i% Hconstantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to
! W/ w+ l/ Q# y; cdwindle. "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
: Z9 b1 y) x1 Q) } k7 E' Fbasis, 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 2 [ z: w* c @( g, M- C/ I
noticeable dent in the beer pile.
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6 M% L0 E! }( @; ^5 QMidwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was ' U! m2 ~; J# M3 ^, \' o% v: f; u
about half gone. Jim, being sure that the
$ I4 z0 m! p0 O z! }stock had hit rock-bottom, still was berating John for his frivolous$ l7 `- D+ _% `9 P9 ?
purchase, telling him "Your beer will be gone in six months! Who knows what my stock will be x- O7 T3 \) Y) k/ X) m, a
worth!!".
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Well, summer has come, and hard times at Nortel continue. 8 K* e# X; R- B2 }, e, V& L, @5 ]# V9 A
Bad news: Both John and Jim have been affected by the layoffs.) e# M& @ N4 {& ^& Q
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Last week, in order to raise some cash to help through" U/ _5 W' }% h& |5 b
the rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the ) d. j5 x7 K5 i- Y1 t( V
$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone2 h2 J9 v, P# O8 _7 C* A+ @5 |
needs their friend's during rough times), and as luck would have
9 ?6 i, p$ r0 z6 S8 ]( tit, there were two bottles of John's beer left. John, being a good,5 C! M/ _+ A* b2 `
compasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated P& ?8 L+ W% K6 }
the gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I . L) s* \% s, t' N1 I
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
. A6 d0 T( C) C* T' B3 j% c, gadded as his other friend with
) T! a% N5 X$ e' E/ h1 Vthe truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.
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9 G) C7 }) z% g& u# lUpon arrival at the beer store, they unloaded the empties, feeling a
+ P. Q; L; R. j |$ V/ Flittle grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24 1 h% @0 L7 \! D1 b' a- P
bottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as7 c. O5 K. S$ u4 Y% w! G$ N; B# ]3 c
he handed him the money.
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Jim was speechless. Poor guy. Can you imagine how you! S+ K' |; V% O+ [
would feel if you just discovered that over the course of the last year, your $1000 stock investment ; `: S/ ]5 o1 D: F; f/ k
left you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80. # E* E( z+ M+ L z5 p4 A: M
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I'll leave it up to the reader to come up with they're: {$ l: X/ x* j/ i5 e3 x9 K
own "moral to the story".
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1 X$ E8 p7 {. a3 ^% kHave a nice day, and happy investing. |
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