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原帖由 如花 于 2006-10-23 13:23 发表
( J7 S, ]- h( T. b) S如果是买了nortel呢?
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$ |2 U, l- C6 O# \% H* uOn July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work - |" R( {4 g6 q* j
for Nortel Networks, where in the summer of , T! r- W/ q6 ~& G+ i
2000, there was LOTS of money around for bonuses). & b5 _' m4 S- }2 {! c, S: I: F
+ ]) w, j/ q/ {9 t1 Q( v+ X; ?5 NJim, being an intelligent, financially concientious person, put the+ l4 b+ f3 B6 w1 B8 a- T
whole $1000 into Nortel Networks stock. With his $1000, and the
& w5 ]! `* F+ T) d' B' _7 j7 G! Ftransaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the & i2 o& |* \" k8 `, U) L+ \/ B
Nortel stock climb and climb, he
+ `! a' m3 P1 ~+ B. j' F, Ifelt very good about this investment, happy that he is preparing for the future.
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/ Z6 {9 ]' A+ s) ?( \! FJohn, being a more care-free sort, did something slightly different
1 a5 K/ m- x2 m7 [' I* f& _with his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he + Y5 g8 y2 d: b$ k% A/ n
purchased 33 cases of beer. John also; }8 H% c# P, h# A* m
felt very good about his investment: 33 cases x 24 = is 792 bottles
* w! y; P1 t) U/ m3 i N9 tof beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim, * _0 ?5 {! `" y8 t6 a( l
calculated that he could drink about 15 " p/ q+ e( n7 m. ~! U
bottles per week, and he wouldn't have to buy beer for a whole- x- X, Y# Y! Z2 n+ X
year.7 m- Z9 P% f. [1 j$ R9 S. U1 ~
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Jim, of course, was appalled by John's purchase, and berated him
7 \1 h; ^' O. C A. i. Oconstantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to
% H6 w$ S/ n9 G5 I, S6 [dwindle. "It'll go back up", he'd say to John.# V+ ?' Y; I! |& M# G2 t2 f4 G7 k
( K% F" s& I6 T, Z6 CJohn, who has been reaping the benefits of his investment on a daily
; d2 E+ k" a6 j8 e* I1 Nbasis, 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
' L- ~8 `0 R6 o C1 ]4 p, hnoticeable dent in the beer pile.
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& N3 A1 u Y1 ~3 @- W& ?Midwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was
8 u3 R D2 z% s' Dabout half gone. Jim, being sure that the
# S* F+ s1 @+ ^$ o) Q2 V4 P- z2 ]stock had hit rock-bottom, still was berating John for his frivolous
9 A+ C3 d; i, g# K; Bpurchase, telling him "Your beer will be gone in six months! Who knows what my stock will be
: ?0 K; d i3 r2 F8 N+ {# S/ ]worth!!"." m' K) @# }. j9 V# h1 T
; [: V! q! G( g! L1 N9 `# Y: PWell, summer has come, and hard times at Nortel continue. + p; r/ a- B2 L! ?1 ` y% m
Bad 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
* k0 f9 I- Y4 L8 `the rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the 0 q' H( c4 q- v" g3 x% y9 ~5 c5 t
$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone
c* M& G, R* H: {, J% ?needs their friend's during rough times), and as luck would have6 p/ f3 t$ ?& B/ b5 w
it, there were two bottles of John's beer left. John, being a good,( y7 U; a5 }7 Z n2 G* u) q: h6 r
compasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated
9 T; A: ?8 i" m% y: ]- b1 Ythe gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I
0 ]) k' h$ ^' Dgot 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
# T( H9 K3 k$ b( E$ z7 yadded as his other friend with+ l+ d1 j/ h1 K7 D3 j
the truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.6 {* i4 R+ H; y# E' J0 Q$ S) N/ }
4 ~% ~# I# ?7 J0 N8 XUpon arrival at the beer store, they unloaded the empties, feeling a
! L; V: J" \- p( C$ }/ ylittle grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24
0 S) j0 J* l$ \0 y+ mbottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as+ J/ C5 e: R* `0 \8 o @8 e6 d$ Z
he handed him the money. 3 X* u, N* ^/ u( M5 f
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Jim was speechless. Poor guy. Can you imagine how you
; ^) `( {( `1 F, s& i# M. F; Twould feel if you just discovered that over the course of the last year, your $1000 stock investment # N7 |9 ?" ~& m5 i5 \7 P4 y7 } R# m! I `
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're8 _- n( s6 _# c- @& N* I
own "moral to the story".
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/ N9 A) f4 y% \9 @- U2 i, BHave a nice day, and happy investing. |
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