Word: terming
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Dates: during 1990-1999
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...options are less risky. The price of the option is all you can lose. But options tend to be short-term vehicles, expiring within three or four months. You need a long-term strategy because manias tend to last longer than anyone expects. Compounding the problem, options on Net stocks are insanely expensive, costing double or triple what they cost on other stocks...
There are three Net indexes on which you can buy put options: Amex Inter@ctive Week, Goldman Sachs and TheStreet.com The Amex also sells long-term options (LEAPS) on individual stocks, including aol, Yahoo, @Home and Ascend. Those expire in January 2001 and give plenty of time for the bubble to burst. But the stock would have to fall 50% in that time for the LEAP...
...make sure it's in your best interest, not just his. The sec is investigating whether certain brokers favor B shares because of fatter commissions. Even though B shares bear no up-front sales charge, they normally carry high early-redemption and annual fees and generate lower long-term returns than class-A shares...
Lisa Graham Keegan, who has just begun her second term as Arizona's superintendent of public instruction, decided to enter politics when she was watching the impeachment and ouster of Governor Evan Mecham. After she became education chief, in 1995, Keegan battled with Governor--and soon to be convicted felon--Fife Symington. When she suggested that he resign, a Symington crony said she was having "a bad hair day." Last week Keegan joined Governor Jane Hull, secretary of state Betsey Bayless, treasurer Carol Springer and attorney general Janet Napolitano (the lone Democrat) in the nation's first all-female state...
...Sonny Bono Copyright Term Extension Act (CTEA), signed into law by President Clinton last year, retroactively extends copyright protections for artistic creations ranging from cartoon characters to literary classics...