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原帖由 如花 于 2006-10-23 13:23 发表
# n4 j* f( L8 j5 O. x& D* u如果是买了nortel呢? 6 @7 j- \7 d( p' e1 R! z- \
9 |9 b- E* U1 FOn July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work
! r# h6 Q& B1 N4 kfor Nortel Networks, where in the summer of 9 l( W8 Z: @ f0 u" n! b2 t
2000, there was LOTS of money around for bonuses).
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Jim, being an intelligent, financially concientious person, put the
% B% k. `; q8 U0 q2 [# o$ `1 vwhole $1000 into Nortel Networks stock. With his $1000, and the
) C# z8 }1 a5 D9 |transaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the
; M! E8 ]( i" a' j7 NNortel stock climb and climb, he
3 m" I3 S+ p3 ?6 L: ~5 Efelt very good about this investment, happy that he is preparing for the future.! m( P: C) B) y% N7 w) O
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John, being a more care-free sort, did something slightly different 6 m+ C$ H8 a) a; `# ~# P5 t
with his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he - [8 F2 O2 _' A
purchased 33 cases of beer. John also3 u, q: \ D j1 z
felt very good about his investment: 33 cases x 24 = is 792 bottles
6 T% r' b9 V" x: bof beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim, ' B- }$ c. o2 I7 W$ Q
calculated that he could drink about 15 5 n" S# @, |$ ~
bottles per week, and he wouldn't have to buy beer for a whole
. u* @* T+ ?9 T* x& K# Syear.
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Jim, of course, was appalled by John's purchase, and berated him7 V# ^; P4 I0 ]7 F/ V) f- i
constantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to
$ y( N/ d5 S g. Fdwindle. "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 daily5 Y- W- k/ b7 O$ n' r3 C
basis, would reply, "Ya, it will. Hang in there buddy".
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# {8 E0 V( W2 ]Months went by, and the value of the stock continued to fall, and there was the beginnings of a
! d) }5 J5 v( _' ^: s/ Onoticeable dent in the beer pile.8 h+ `' u0 C2 o/ X
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Midwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was 7 |4 }4 `: C$ @- t
about half gone. Jim, being sure that the
' F: B7 I7 |) w! Y- Sstock had hit rock-bottom, still was berating John for his frivolous& p: \! f& W: i5 E8 ~
purchase, telling him "Your beer will be gone in six months! Who knows what my stock will be
( U6 {, J- R- t# A5 D" F1 V) T6 nworth!!".
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Well, summer has come, and hard times at Nortel continue. 7 n- [3 H8 g7 v7 _/ m
Bad news: Both John and Jim have been affected by the layoffs.0 Y3 z7 g9 e+ I+ I
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Last week, in order to raise some cash to help through8 C/ A+ T3 O( l- W* H! f) M' g6 S
the rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the 7 ]3 S, {! y' H6 x: l9 O3 A
$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone
# f( f1 n6 p- Gneeds their friend's during rough times), and as luck would have
3 p8 o4 q2 \# j. }' H, i8 }( Tit, there were two bottles of John's beer left. John, being a good,
3 S" x7 z/ I( M$ O/ v* S1 H. a7 @compasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated ( y0 Q2 f! t9 m9 f2 |. ?& \: ~
the gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I
, Q/ a: Z* }5 ^2 Q9 ], F; mgot fifty bucks back out of it - you have nothing now.", he said. + S: t( [6 z/ N
" v7 W( S) T/ y5 H"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he
) ]6 i# ]5 K4 \added as his other friend with( o) M9 z. t) k9 G
the truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.! t# a5 h- e8 \' X2 c; G. a
+ ?9 S. d: S9 `4 ^) [$ W( s eUpon arrival at the beer store, they unloaded the empties, feeling a# k. N; t" T Y) Z# }- q; M6 N
little grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24 % c$ c/ G! w* n+ S" H p* l
bottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as
5 |. \5 H9 H, T9 B4 {* |# E- x. Ihe handed him the money.
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h9 ?) y3 c9 O. mJim was speechless. Poor guy. Can you imagine how you
6 S# _2 J4 x/ l$ Jwould feel if you just discovered that over the course of the last year, your $1000 stock investment ( j+ N+ q5 f7 d5 f3 o
left you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80.
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I'll leave it up to the reader to come up with they're. p$ z. e# z, n, @
own "moral to the story".1 o. R% T" A2 ]% X: p1 G, b' I" K
3 M1 U/ Q( \8 A) |4 k$ E5 }. hHave a nice day, and happy investing. |
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