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原帖由 如花 于 2006-10-23 13:23 发表
. d& j w3 \' P如果是买了nortel呢? 2 z# M% L( j+ C$ `" _% F1 F2 G3 W
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On July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work ' W) s1 W. _$ g% ^+ l- b0 g Z
for Nortel Networks, where in the summer of
% o; c2 W6 W- _8 X* |+ O2000, there was LOTS of money around for bonuses). % \- ?3 Q$ A" k5 W4 l6 Q
) i) z$ w- @7 o( ]+ Q( NJim, being an intelligent, financially concientious person, put the0 q' [; T, N* }; H' H7 Z4 x
whole $1000 into Nortel Networks stock. With his $1000, and the! H% F' p5 |! f6 D% S& s
transaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the
. D1 X5 M% f4 X* e) d l- y! ~Nortel stock climb and climb, he. A3 I: K6 |! z* v$ j) w, l
felt 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 . p& f0 I1 z' B' A) C5 e- ^( s
with his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he
) Y/ d* R0 v: n7 U' Wpurchased 33 cases of beer. John also
2 y' y0 f4 j: f( ?' Xfelt very good about his investment: 33 cases x 24 = is 792 bottles* s: p N; S( w+ z, \! G3 k# P9 {
of beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim,
# N3 I$ W4 q& d1 k$ ?calculated that he could drink about 15
# v' J! E" u3 x; d! i# Ybottles per week, and he wouldn't have to buy beer for a whole& j* g: J+ {, u" y3 H# C! h
year.
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% {! Y) p+ R! W) v* H3 D3 \Jim, of course, was appalled by John's purchase, and berated him' [2 m3 M) Q& c e' q
constantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to
$ q+ X' _ f' Y8 zdwindle. "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/ @4 d5 o' L4 ?0 V6 i
basis, would reply, "Ya, it will. Hang in there buddy".9 f1 ^4 p! N6 k' Y7 W2 W
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Months went by, and the value of the stock continued to fall, and there was the beginnings of a + m" d+ k, c, I' z9 n. Z. g
noticeable dent in the beer pile.$ E" R' G( a% f7 d w
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Midwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was
( n! J1 f3 W/ b- oabout half gone. Jim, being sure that the
& I! w( c3 T7 i; v0 bstock had hit rock-bottom, still was berating John for his frivolous
) N. o+ R8 m) L4 p b( R1 d! Zpurchase, telling him "Your beer will be gone in six months! Who knows what my stock will be
# y. i' y5 J1 O+ A1 ]! fworth!!".
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Well, summer has come, and hard times at Nortel continue.
: A1 q0 |9 V; RBad news: Both John and Jim have been affected by the layoffs." d' ~$ M* C' B* J' ?# j/ M
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Last week, in order to raise some cash to help through
N* Y9 ^$ R+ l; c6 W4 v+ fthe rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the
6 K1 I. K u# R# V; t$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone5 {2 A" U( s& A6 o* j- o
needs their friend's during rough times), and as luck would have3 U' f# R: m5 t4 `& ?9 Z0 S7 c& F
it, there were two bottles of John's beer left. John, being a good,
0 Y: c- u4 G+ m7 `- j* Icompasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated
; F) U) P; x8 A0 }1 qthe gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I
+ Q* T) P+ S2 E# D) ^got fifty bucks back out of it - you have nothing now.", he said. , J+ L, d3 e6 A- w" F5 Q( Q# N
8 g* K8 {& j8 [" T$ I! `6 W"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he h3 b; c1 ?* B; U5 J6 q
added as his other friend with" I, |. L8 _3 i9 L3 F
the truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.; E( k1 v* A ?% ]$ H: A
4 O5 R6 Y' [6 N6 _4 jUpon arrival at the beer store, they unloaded the empties, feeling a
3 |3 U% Q# ^) a) q! q& Vlittle grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24 y) D6 B ?8 Z
bottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as
/ J. C; j1 T; S4 p+ T" f" Ghe handed him the money.
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Jim was speechless. Poor guy. Can you imagine how you
4 y$ s9 ]9 m8 ^/ {% m2 _8 Nwould feel if you just discovered that over the course of the last year, your $1000 stock investment
k) {. a* f+ a9 j# J. Q% O* Cleft you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80.
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/ Z" g. x5 y$ }( d3 R2 \, N; V, o: JI'll leave it up to the reader to come up with they're
, ?4 u; S; x5 town "moral to the story".1 u* l: q3 W8 F& ?8 G5 h
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Have a nice day, and happy investing. |
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