1.   Analysts said that managers seemed to be selling the market short to protect their portfolios, a move that also dragged the market down.

2.   Any money manager who tries to protect a portfolio from dramatic declines by loading up on stocks that pay high dividends faces the same dilemma.

3.   As for individual stocks, you can use derivatives to enhance stock gains or to protect your portfolio from losses.

4.   As the name implies, portfolio insurance was designed to protect portfolios, sheltering them from severe declines in value.

5.   A technique called shorting against the box lets investors defer taxes while protecting their portfolios from market declines.

6.   Even so, the prospect of higher interest rates is leading some U.S. investors to seek ways to protect their portfolios.

7.   Few people realize that there is another safe alternative that can protect your portfolio from plunges, yet allows you to profit from any stock market gains.

8.   In the past couple of months, as stocks first plunged and then surged, many investors bought insurance protecting their portfolios against market declines.

9.   Investors use options --typically the right to buy or sell shares at a specified price within a certain time -- to protect their portfolios against price swings.

10.   Investors use options -- typically the right to buy or sell shares at a specified price within a certain time -- to protect their portfolios against price swings.