Word: stockely
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Dates: during 1970-1979
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Fortunes have been made over the past several weeks, but a few have been lost too. Some of the biggest winners and losers are the traders in options, the riskiest of investments. Options are essentially future "rights" to buy stocks, and investors in them manage to participate fully in the rise, or fall, of a stock without paying the full market price...
Usually, every $1 rise in the stock price causes about a $1 rise in the value of the options. But that $1 rise is a far larger percentage gain for the options, since they cost much less than shares of stock. Thus profits made on options in recent weeks have been spectacular. Between Friday, April 7, and last Friday's close, IBM options jumped from $2 to $10.50, a 425% increase; General Electric's rose 475%, from 50? to $2.87; Kodak's jumped 470%, from...
...every buyer of an option, there is also a seller, usually a large institution or professional trader. Those sellers were hurt badly when the equity market boomed. Some traders sold options on stock they did not own, a perilous practice called "naked" option writing that they carried out in anticipation of a market fall. When the market exploded, they suffered hefty losses. Many of the option sellers further fueled the market surge when they rushed to buy the shares in order to be able to deliver them to their options clients. The Chicago Board Options Exchange indicated that professional traders...
Though many shareholders fear that the sale of new shares will dilute their stock, there are no easy alternatives for raising the money. Without new capital, even Chrysler executives concede, the baby of Detroit's Big Three faces a difficult future in a business where the giants are always spending small fortunes on new-car designs...
...Africa decision one could carve a university president out of a banana with more backbone than Derek Bok. That decision is couched in corporate double-think that makes impossible any clear interpretation of its deliberately complex guidelines on supporting shareholder resolutions. In addition, the gibberish that owning non-voting stock in banks that loan money to South Africa or its public corporations is less reprehensible than owning voting stock is both analytically and morally not up to this university's professed standards...