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原帖由 如花 于 2006-10-23 13:23 发表0 a* e4 f6 |) N4 P) I# j* ^: Z
如果是买了nortel呢? ! Q ~. t: z, a
g0 |. c; @2 L# e$ mOn July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work 5 `) h5 d9 G0 y) n9 o
for Nortel Networks, where in the summer of
. G g" X# S$ Y- Z. ~8 G4 l) P2000, there was LOTS of money around for bonuses).
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Jim, being an intelligent, financially concientious person, put the4 r6 Z* U0 \2 `9 r8 L5 h: c/ S/ x
whole $1000 into Nortel Networks stock. With his $1000, and the( D9 K H9 r3 J# G7 b' `1 ^# P2 h! K
transaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the " V/ v% X+ ^% M# A6 `7 y$ _0 X- ~
Nortel stock climb and climb, he. x) ^) I( C' O2 C: _! q4 q6 [
felt very good about this investment, happy that he is preparing for the future.
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- \1 A# g/ r9 H% D; ~ [John, being a more care-free sort, did something slightly different
$ t4 M5 g' m& Z. S- Swith his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he . l3 f+ B3 ?9 N: d Y) t. V p' _
purchased 33 cases of beer. John also
* l5 ^5 `& Z. m* m7 s( Xfelt very good about his investment: 33 cases x 24 = is 792 bottles% q8 |6 I; T. \3 F8 }- ~* P
of beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim,
& a, v" w- V; l( c! e, i J/ `7 U7 Ecalculated that he could drink about 15
0 R9 I# U! Q( R1 ubottles per week, and he wouldn't have to buy beer for a whole
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# ^" Q6 |6 v+ E, v9 C* t7 PJim, of course, was appalled by John's purchase, and berated him6 W! v- v: w/ f2 `. a; Q9 h
constantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to 9 `; P; w; r! T+ t* A0 R8 C( E
dwindle. "It'll go back up", he'd say to John.# |' q. ~$ Q( e* R; I/ X
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John, who has been reaping the benefits of his investment on a daily0 M( c& d# J! E; Z2 P* @
basis, would reply, "Ya, it will. Hang in there buddy".
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, n/ X, N5 y: g8 L. g; o% wMonths went by, and the value of the stock continued to fall, and there was the beginnings of a
- r, ^( B' o) D& |; W4 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 * e1 s! M, O+ f* `9 `7 i+ d
about half gone. Jim, being sure that the
3 @1 T" w& E, k) B" Estock had hit rock-bottom, still was berating John for his frivolous9 U/ q+ o; p- l; X8 o
purchase, telling him "Your beer will be gone in six months! Who knows what my stock will be
: {% E2 U" c; q2 fworth!!".
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Well, summer has come, and hard times at Nortel continue. * d* G4 D3 p. X& G) `
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
9 u6 `" l9 l1 { e; ]3 i/ \- o2 t7 ythe rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the 5 M' u- I( L; X
$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone/ Z1 M; g0 E9 f! l; v- z+ H, c
needs their friend's during rough times), and as luck would have# d/ d3 {, N( S1 O- f" G% W( [! ~
it, there were two bottles of John's beer left. John, being a good,
) a7 j! l6 S1 e# Jcompasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated
2 }4 {* t3 y4 Q) X% |the gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I
& `5 X* T8 ~" j4 O* a% |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 . ^, t* P2 n2 t8 K
added as his other friend with
0 I7 o9 F' h+ Othe truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.
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Upon arrival at the beer store, they unloaded the empties, feeling a
6 b) r' M: R% d! {little grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24 - p5 \$ ~" Y: }- H E
bottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as; N* ?" `0 i4 A; D4 r% u1 ]
he handed him the money.
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7 g P4 {0 P* g* b# X# mJim was speechless. Poor guy. Can you imagine how you0 Z* \4 P* W+ b/ d/ j, d9 f
would feel if you just discovered that over the course of the last year, your $1000 stock investment / R( W& Z( o7 o# e" F
left you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80. ' @5 {* L7 l/ u4 t2 G* D
% i/ P% I+ a2 c, a/ G; JI'll leave it up to the reader to come up with they're4 J X# j2 }; S P, L
own "moral to the story".$ ? G* j5 ]! d( g
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Have a nice day, and happy investing. |
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