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原帖由 如花 于 2006-10-23 13:23 发表6 S) n/ S9 e; A# ?! f0 o9 N! S' z9 f
如果是买了nortel呢? % e: G! x8 i1 ~
* \$ K5 y' W4 x% n3 ^5 {On July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work
9 B. A" a3 L) T0 _for Nortel Networks, where in the summer of
]& z. f$ N8 C0 o/ f @2000, there was LOTS of money around for bonuses). 3 M7 ]; ^9 Z/ Y: F& }
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Jim, being an intelligent, financially concientious person, put the0 ^# Q3 _! u' Y8 s" l8 N
whole $1000 into Nortel Networks stock. With his $1000, and the: U* Y8 d, h+ |1 c3 [# Z" t
transaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the
+ ~5 w& Z" U. ]; Z7 r3 Q# XNortel stock climb and climb, he
9 d5 i9 y) k/ xfelt very good about this investment, happy that he is preparing for the future.
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John, being a more care-free sort, did something slightly different # ]& k4 X7 B' Q$ m# z6 b& H4 R
with his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he
* ^6 `6 q, E- w% ~' i2 bpurchased 33 cases of beer. John also* o) P, N9 y7 s1 E/ w
felt very good about his investment: 33 cases x 24 = is 792 bottles; ]) S* `4 k: u
of beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim,
4 X8 t+ w' q7 [" V- J/ x& Tcalculated that he could drink about 15 9 i$ r0 L' S2 l
bottles per week, and he wouldn't have to buy beer for a whole
- E8 S) C9 U5 ?. n- f, z: ^year.% Z, `0 G4 J# h' t% o$ b. V+ f6 J
5 U9 X' a1 ?( e+ M/ ZJim, of course, was appalled by John's purchase, and berated him
% f5 J- H2 ?/ p% f& l! gconstantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to $ T" W1 C7 S. q: Y! _9 n+ H3 m: Y
dwindle. "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* d" }! l! j/ W8 m+ Y
basis, would reply, "Ya, it will. Hang in there buddy".5 y9 H( y9 T P+ x$ W9 v7 T0 C
. g! m+ q( L; p9 ^7 n( KMonths went by, and the value of the stock continued to fall, and there was the beginnings of a 3 F( p3 Z0 k# b o
noticeable 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
+ W) y( i6 a- Rabout half gone. Jim, being sure that the% `, x& h. O; Z
stock had hit rock-bottom, still was berating John for his frivolous
# a3 d$ e( z9 ~' Kpurchase, telling him "Your beer will be gone in six months! Who knows what my stock will be
+ o: m( c. i, D% F/ wworth!!".
5 |# l a. N! i. C' R
' A" c l5 W; G9 f2 j/ kWell, summer has come, and hard times at Nortel continue.
5 m* x% ^' L5 b) b- S2 P/ BBad 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& D: M; y9 c, C# K, t
the rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the
2 M2 Z& `$ n; c$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone r4 m5 W+ ?+ D- S5 |% t& R
needs their friend's during rough times), and as luck would have5 Y! I7 R) v7 t' m. h1 ]2 \
it, there were two bottles of John's beer left. John, being a good,
" e, k7 r+ N' x( d) k2 {* S g3 fcompasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated
. _$ o& v$ J: V! t6 I$ fthe gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I
7 S& K/ O" g/ R& s8 j: p. mgot 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
" w. q1 O* f3 X* E. Badded as his other friend with6 @2 `$ O/ t& u4 `* r; I
the truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.
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/ o9 s- e" V* C+ K7 P6 O8 oUpon arrival at the beer store, they unloaded the empties, feeling a, B# m+ \' ~7 G: a3 m7 r
little grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24 ! F; V1 [4 e" Y5 R- h. J
bottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as0 n$ \& C( q6 T) ^1 p! k
he handed him the money. 9 t3 d0 W F) B; h
/ i) G ]$ V. Q) sJim was speechless. Poor guy. Can you imagine how you
7 e# k0 E* D7 T4 a" j+ B, S) wwould feel if you just discovered that over the course of the last year, your $1000 stock investment / |% [6 D. Q# }0 f* S) n
left you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80. : ~' j; R# t; M, |1 |1 I
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I'll leave it up to the reader to come up with they're/ m/ O5 w% n3 X- [
own "moral to the story".1 z7 o/ [0 ^2 Q
2 ]- I8 N/ h$ M. KHave a nice day, and happy investing. |
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