1.   Barbara Halpern, from Washington D.C., rose twice at the America Online meeting to ask when investors like herself would see their stock appreciate again.

2.   But if stocks appreciate more slowly, who knows how slowly, the need for upfront savings becomes a lot greater.

3.   It allowed the stock to appreciate while Bailey used part of it to pay expenses on other forfeited properties until they could be sold.

4.   Of course, the stocks could appreciate far more, but generally speaking, stock investors are buying a stream of earnings.

5.   On the other hand, if the stock does not appreciate, you have sunk your money into a stalled taxicab.

6.   Since MBNA was spun out of the teetering Maryland National six years ago, its stock has appreciated more than that of Microsoft or Coca-Cola, Cawley boasts.

7.   Stock option plans such as this one, which are worthless unless the stock appreciates significantly, are highly unusual.

8.   The more the stock has appreciated, the more valuable this option can be.

9.   They contend that you should ignore short-term fluctuations if you are confident the stock will appreciate in the long term.

10.   They give employees the right to buy company stock at a given price after a certain date, and can become tremendously valuable if the stock appreciates.