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原帖由 如花 于 2006-10-23 13:23 发表
' l8 f. _1 d2 k G如果是买了nortel呢? & r2 w8 n o9 b3 d
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On July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work
2 O2 r" q- ]" p' z! {' l- W6 q6 x; B0 ofor Nortel Networks, where in the summer of
% u+ u2 |, E3 m! `3 l6 v0 z2000, there was LOTS of money around for bonuses). ! k2 h" C: Z7 ~
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Jim, being an intelligent, financially concientious person, put the
; Z- D3 F3 [, swhole $1000 into Nortel Networks stock. With his $1000, and the
7 V1 z9 g! L( ]- R# K6 r2 qtransaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the
: Z9 o& c! k3 D2 d& \: eNortel stock climb and climb, he
9 _4 q) J1 z _0 E ]- A; W2 @/ p( nfelt very good about this investment, happy that he is preparing for the future.
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John, being a more care-free sort, did something slightly different
$ D; Z0 ~6 y2 g0 Ewith his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he
5 _$ t4 p. j. q9 g ~# @, V5 ?6 Z1 R) cpurchased 33 cases of beer. John also2 S4 W, k0 g3 e$ v( F2 S
felt very good about his investment: 33 cases x 24 = is 792 bottles
7 B* m1 Z$ J' U, { dof beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim, 6 h: i) [' A7 d# Z
calculated that he could drink about 15
# g1 ]' A* e; O/ x- \+ \bottles per week, and he wouldn't have to buy beer for a whole
3 L8 L3 X0 q$ S4 i7 l3 @& ]year.
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Jim, of course, was appalled by John's purchase, and berated him
4 r+ G# N5 k; v7 b0 I( w8 Cconstantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to 1 c$ l. @: r8 t& G' M( B; Q: j
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- v) ?9 \, S7 `/ Y
basis, would reply, "Ya, it will. Hang in there buddy".: ?; R1 ~8 S3 ]& Z
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Months went by, and the value of the stock continued to fall, and there was the beginnings of a
6 F' Y. ?" X4 h' q6 z" M" tnoticeable dent in the beer pile.
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Midwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was ; j9 ]% E4 ?6 e! {% c3 n% ]& P
about half gone. Jim, being sure that the h& D/ z+ e+ Y8 p' `4 E P9 t
stock had hit rock-bottom, still was berating John for his frivolous7 z4 p% f ~* Z2 g7 [
purchase, telling him "Your beer will be gone in six months! Who knows what my stock will be
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Well, summer has come, and hard times at Nortel continue.
1 [+ A! Y( w! HBad news: Both John and Jim have been affected by the layoffs.
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% D L. {& {! v8 H& [2 TLast week, in order to raise some cash to help through' N* p; j4 d0 C3 N( f* N4 N
the rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the
2 J! A! t O& l$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone" p2 b2 O4 v5 k: K
needs their friend's during rough times), and as luck would have% S7 t7 T& p M5 j1 b& r, t" Q: [3 ~' s
it, there were two bottles of John's beer left. John, being a good,9 T. D6 R' S- X% @
compasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated
" V; |! ~' K+ z c* A" R) ]the gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I - d/ i7 b/ Q/ G+ T% ~ S$ O
got fifty bucks back out of it - you have nothing now.", he said. 7 v! R: `) b/ x: L( `/ q+ i* t, n
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"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he * i3 E: P/ w% R
added as his other friend with
: v# V/ o u1 `the truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.* ^. ~, s! e# F3 C0 |
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Upon arrival at the beer store, they unloaded the empties, feeling a2 k% ~& Q1 ]5 Z5 U( [, V
little grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24 $ F. v2 _: D# `# _5 Z
bottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as8 M. o- M. F% Z& X, {$ y, D( l
he handed him the money. * X' {6 f. i& N4 P. i0 x0 W1 v
$ Q7 W; O2 R! t9 x( pJim was speechless. Poor guy. Can you imagine how you7 _8 U' M1 A5 U
would feel if you just discovered that over the course of the last year, your $1000 stock investment
3 }/ V% u. E) z' Y" N0 h- ]left you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80.
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I'll leave it up to the reader to come up with they're
" c4 f( @( E$ |own "moral to the story".( H( l# V1 r: T1 }. C8 k
" v; e1 _; P) y5 YHave a nice day, and happy investing. |
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