Word: options
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Dates: during 2000-2000
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...Sell short. If you can't part with your tech darlings, cut your exposure by shorting the NASDAQ 100 or buying a put option on the index. When you short the index, you borrow a basket of shares and sell, hoping to replace them at a lower price and profit from the decline. A put option gives you the right to sell at a predetermined price, protecting you from a steep drop...
...collar. Say you own 100 shares of Intel, trading last week at $120. You can buy a January 2001 put option at $110 for $13.50 a share and sell a January 2001 call option at $140 for the same price. Your net cost is zero. Together those options mean that you can sell for $110 no matter how low Intel goes but that you'll never get a dime more than $140. Not a bad insurance policy if you suspect trouble...
...after nearly a decade, the third option in the political spectrum has yet to convert unsatisfied voters, especially students, into a strong political force...
Grossman has been rumored as a candidate for the 2002 Massachusetts gubernatorial election in recent weeks. A profile this week in the Boston Phoenix quoted senior state Democrats as saying he was an attractive option...
...more judiciously distributed, students will have more varied experiences and the system will encourage more College community, if not community within the individual Houses. The end of attachment to a certain House community isn't much of a loss; with randomization, overall College community seems the only viable option anyway...