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原帖由 如花 于 2006-10-23 13:23 发表$ E" m0 A' Q+ ]3 b" j6 A6 d! Y
如果是买了nortel呢?
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On July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work
2 u: R: ?# B! u! C7 G9 y7 d" S' Vfor Nortel Networks, where in the summer of # H" }& @ U" C8 I' R+ ?8 a
2000, there was LOTS of money around for bonuses). + C9 v x- J- `
( F( [5 f% s$ s) o! ?) i! L: GJim, being an intelligent, financially concientious person, put the
: {' Z% U8 `" w+ ^0 z/ |# B& i: wwhole $1000 into Nortel Networks stock. With his $1000, and the
- d" X4 b5 n" N$ L3 _( Gtransaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the ' I3 n0 E! e/ R
Nortel stock climb and climb, he
: m9 c( J ~( ]( K8 u3 o! _) Hfelt very good about this investment, happy that he is preparing for the future.
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; F; k+ l8 p( Y9 R S* CJohn, being a more care-free sort, did something slightly different " c: y0 n% }2 t2 F5 z
with his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he
3 H) J$ t4 d* U1 x1 ~purchased 33 cases of beer. John also
5 Q" t- {1 M' c* Mfelt very good about his investment: 33 cases x 24 = is 792 bottles- B& d) d5 X2 o( z
of beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim, + [9 `! r# i5 W2 g2 u
calculated that he could drink about 15 * W/ n! z8 y8 \, q3 B6 A& v* K! e
bottles per week, and he wouldn't have to buy beer for a whole4 j( Y+ J) W5 Y
year.
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5 F2 {2 v k4 r* ~& _Jim, of course, was appalled by John's purchase, and berated him
, J x- K" I( \) Z: G- Lconstantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to % y3 R+ N7 X9 S4 D) e9 {
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
7 Z7 {7 Y0 h# P# z( jbasis, 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 & o% c9 S: M8 G$ T8 a) ^
noticeable dent in the beer pile.9 a# n1 d& _/ T; N
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Midwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was / Z$ T* k; E( ^- m: E; c
about half gone. Jim, being sure that the+ `2 g7 i; R2 \+ Z9 ~# B
stock had hit rock-bottom, still was berating John for his frivolous
* @: J8 H L% _# ~% kpurchase, telling him "Your beer will be gone in six months! Who knows what my stock will be 9 z9 P! k$ A2 \% c) Z* `3 A- {
worth!!".! \ M4 ^# `5 Q
r0 ~ e- s) x$ `Well, summer has come, and hard times at Nortel continue. + n( L2 v7 v. I( Z- h/ {
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
. W0 L4 D' J8 O" F$ D3 ithe rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the
6 J, I6 k2 A P, y1 S$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone7 A8 K# _$ o- y- o
needs their friend's during rough times), and as luck would have
8 u. [% C% |! M* o' a, |$ M; w* Kit, there were two bottles of John's beer left. John, being a good,
, n2 a+ v7 o$ C! x2 }compasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated $ u( ^6 q, i- \7 d
the gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I 6 C6 F& P, ~0 P: b* V8 s# }
got fifty bucks back out of it - you have nothing now.", he said. # d. _( A/ \+ t1 Z5 {) _
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"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he 2 J: E! G- l1 _% \
added as his other friend with
0 N3 g' c, W7 V6 W4 ? N0 K+ Gthe truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.+ W2 W7 r0 q- c
" X* }8 C- F( L* _; IUpon arrival at the beer store, they unloaded the empties, feeling a
0 B, d/ |6 F. U; P7 Klittle grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24
1 h. v9 _/ E: Z @- \7 ~bottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as
) y9 C0 D( P3 n: k6 B& Hhe handed him the money. . r( o, o; ?8 Q/ G) Z
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Jim was speechless. Poor guy. Can you imagine how you
7 r7 k* z0 A8 f9 _" k. V8 f2 ?; mwould feel if you just discovered that over the course of the last year, your $1000 stock investment
5 W8 o: `1 x1 U$ B. @" o% x) S6 l8 Bleft you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80. 9 R G- U d- x$ \
( v% u0 ]0 M3 D/ ?) W, l4 BI'll leave it up to the reader to come up with they're0 ?! r3 i# }, {6 d1 \$ _) n
own "moral to the story".+ D9 K1 F& X/ z8 ~* @+ D4 W
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Have a nice day, and happy investing. |
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