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原帖由 如花 于 2006-10-23 13:23 发表
2 H2 A9 f/ a/ V如果是买了nortel呢?
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On July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work
- u# ]8 N) M1 n- Z! V" nfor Nortel Networks, where in the summer of ) e7 f- w) l! D5 {$ \4 l
2000, there was LOTS of money around for bonuses). ! J% A) W, b! l9 `- }6 j
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Jim, being an intelligent, financially concientious person, put the
4 B1 q/ ]0 e9 c/ nwhole $1000 into Nortel Networks stock. With his $1000, and the1 M2 P7 A" b6 v5 D* q3 g2 y
transaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the ) @; u) V2 g5 b+ V0 j1 L G/ B
Nortel stock climb and climb, he& q/ S ^7 l2 ?% G
felt very good about this investment, happy that he is preparing for the future.$ `# l% W! X7 P
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John, being a more care-free sort, did something slightly different
# ?5 l( }$ J8 swith his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he ; ^2 j# Z' Z$ c1 i* m# m
purchased 33 cases of beer. John also' v+ t" R" C! N
felt very good about his investment: 33 cases x 24 = is 792 bottles, A! U9 J. s% F4 e4 _7 H
of beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim,
$ N2 P# e& L3 O) _calculated that he could drink about 15
& _8 J8 T4 H2 t6 D& m/ E5 `8 i0 abottles per week, and he wouldn't have to buy beer for a whole7 K5 e# `4 Q( S v' m
year.0 V W: s& z0 I# N. U
5 r$ [3 F3 f5 r: c7 OJim, of course, was appalled by John's purchase, and berated him; J% @/ Q, y1 H( B
constantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to
' z& g: o* p$ }9 v4 tdwindle. "It'll go back up", he'd say to John.
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) a- \2 ?5 L9 h1 \. jJohn, who has been reaping the benefits of his investment on a daily
; R9 X: s8 g8 t% f0 p# Bbasis, 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
8 m4 b7 ^7 v7 ~8 b# P6 wnoticeable dent in the beer pile.; j" @* j' o {5 p! t8 K% z
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Midwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was
- A7 V. B5 s ^about half gone. Jim, being sure that the
: Z* i! s; ]; v+ ~) Fstock had hit rock-bottom, still was berating John for his frivolous0 p1 }) s' b; n+ S o
purchase, telling him "Your beer will be gone in six months! Who knows what my stock will be
1 N1 J. H* {& V5 h Z0 U0 \worth!!".8 X5 ]+ z1 O' e* h2 d* K* y# E
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Well, summer has come, and hard times at Nortel continue.
7 D# T5 F, I; u; n% I, mBad 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
% Z! c( A. E2 b8 y9 u# u! Gthe rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the # Y/ {) X ?" ~ u% |9 _
$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone
/ a, ?$ x! S; Nneeds their friend's during rough times), and as luck would have. Z2 g; J/ r$ \( [" W, T: ]
it, there were two bottles of John's beer left. John, being a good,
: I0 G9 N6 u7 [; ~+ Gcompasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated
+ T5 O, ]$ c5 X; u- Pthe gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I : l' p. d" I6 r& \9 e
got fifty bucks back out of it - you have nothing now.", he said.
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; @. {* r2 ~2 [( m$ c"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he
* O) v+ i% y% |) g! C zadded as his other friend with
1 d+ Y/ A/ S6 X1 S0 Bthe truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.$ C. z3 m) k1 O9 E$ j
2 h# N# x5 s: h% d2 f* hUpon arrival at the beer store, they unloaded the empties, feeling a; ]! s1 `0 z' M$ W
little grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24
" X9 s6 U# `# `( f. C5 p& vbottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as' g+ |8 h' X7 N `+ ?8 H
he handed him the money. " B. Q- z5 a0 Z8 j1 f! l
+ z/ I/ F% T: e/ b* q0 ZJim was speechless. Poor guy. Can you imagine how you
/ o+ o( E5 V1 g/ E* {3 A/ @, I) cwould feel if you just discovered that over the course of the last year, your $1000 stock investment ! l* R1 l2 C$ ]( S0 {
left you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80. 4 Y, J1 | z" g5 W+ i& V$ r
5 z5 Q6 B, A) @+ k6 H$ DI'll leave it up to the reader to come up with they're
; j& A. r8 L1 N. D* Wown "moral to the story".2 w' b$ X9 T+ U
' z: m' T g5 N6 z% y/ [Have a nice day, and happy investing. |
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