MORNING UPDATE: Man Securities Issues Alerts for SONS, MEDI, PDE, CVC, and BJ
CHICAGO, March 2 /PRNewswire/ -- Man Securities issues the following Morning
Update at 8:30 AM EST with new PriceWatch Alerts for key stocks.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020214/MANSECLOGO ) Before the open... PriceWatch Alerts for SONS, MEDI, PDE, CVC, and BJ, Market
Overview, Today's Economic Calendar, and the Quote Of The Day.
QUOTE OF THE DAY "At some point, I've got to start getting more delegates or I'm not going to be
the nominee." -- John Edwards, Senator New PriceWatch Alerts for SONS, MEDI, PDE, CVC, and BJ...
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS
-- Sonus Networks, Inc. (NASDAQ:SONS)
Last Price 6.09 - APR 5.00 CALL OPTION@ $1.45 -> 7.8 % Return assigned*
-- MedImmune, Inc. (NASDAQ:MEDI)
Last Price 24.10 - JUN 22.50 CALL OPTION@ $2.70 -> 5.1 % Return
assigned*
-- Pride International Inc. (NYSE:PDE)
Last Price 17.13 - JUL 15.00 CALL OPTION@ $2.75 -> 4.3 % Return
assigned*
-- Cablevision Systems Corp. Class A (NYSE:CVC)
Last Price 26.24 - APR 25.00 CALL OPTION@ $2.50 -> 5.3 % Return
assigned*
-- BJ's Wholesale Club, Inc. (NYSE:BJ)
Last Price 24.44 - JUN 22.50 CALLOPTION@ $3.10 -> 5.4 % Return
assigned* * To learn more about how to use these alerts and for our FREE report, "The 18
Warning Signs That Tell You When To Dump A Stock", go to:
http://www.investorsobserver.com/mu18 (Note: You may need to copy the link above into your browser then press the
[ENTER] key) ** For the FREE report, "The Secrets of Smart Election Year Investing -
Insights, Stocks, And Strategies." go to:
http://www.investorsobserver.com/FREEelection NOTE: All stocks and options shown are examples only. These are not
recommendations to buy or sell any security.
MARKET OVERVIEW Overseas markets have managed to put on a happy face this morning, as 12 of the
15 markets that we track are currently positive. The cumulative average return
on the group stands at a positive 0.325 percent. In Germany, Retail Sales for
January improved by 3.1 percent over the prior month, besting forecasts for a
more muted 1.2 percent rise. On a year-over-year basis, real (inflation
adjusted) sales actually declined by 1.0 percent, highlighting the fragile
nature of the German consumer. The jobless rate in the Euro-Zone remained
unchanged for an 11th consecutive month in January at 8.8 percent. There were
12.3 million jobless in the region. Spain headed up the pack with a jobless
rate of 11.2 percent.
Before the market open today, the two weekly reports on the health of the retail
sector will be released. The ICS-UBS Store Sales Index for the week ending
February 21 posted a decline of 0.2percent, while Redbook Retail Sales for the
same period rose by 1.0 percent. The S&P Retail Index has indeed been a stellar
performer, having risen by almost 65 percent from its March 2003 low. The index
set yet another all-time high in yesterday's session at 402.53. Since the end
of January the sector has outperformed the broad market as represented by the
SPX. At 12:30 p.m., Federal Reserve Chairman Greenspan speaks at the Economics
Club luncheon in New York. Less than 20 companies populated the earnings
calendar today, but they are diverse in the sectors represented.
Be prepared for the investing week ahead with Bernie Schaeffer's FREE Monday
Morning Outlook. For more details and to sign up, go to:
http://www.investorsobserver.com/freemo DYNAMIC MARKET OPPORTUNITIES These are upbeat times for Merriman Curhan Ford Company, a securities investment
group trading on the American Stock Exchange. After the firm's announcement
that revenues surged 88% over the past two years, insiders have piled into the
stock recently, buying 194,000 shares. When insiders buy, that's when Ian L. Cooper and Erin Beale, trading experts at the Profit Hog Insider (PHI)
investment team, take notice. That was two weeks ago. Having recommended
Merriman to their investors on February 17, the duo walked away with a 125% gain
on the first half of the position yesterday morning. According to Cooper, "It's
a good thing we bought when we did, otherwise we'd have missed the initial 72%
rise in the first few days."Merriman's solid numbers have led to acquisition
rumors recently -- speculation reflected in the company's stock activity.
Volume was seven times higher than normal yesterday alone. The PHI team sees no
reason to sell the remaining portion of the position just yet. As Cooper
states, "Insiders don't just fork over their own cash like this if they believe
the stock has a one-way ticket down the drain." The stock hit a high of $3.10
today and the group maintains a $5 target price.
Read more incisive investment recommendations like this, plus astute and witty
economic/market commentary, and access to a network of leading financial
analysts in the Taipan Group's FREE daily e-mail -- the 247Profits e-Dispatch. Follow this link to sign up for free today:
http://www.investorsobserver.com/agora2 TODAY'S ECONOMIC CALENDAR
7:45 a.m.: ICS-UBS Store Sales Index for the week ending February 28
(last minus 0.2 percent). 8:55 a.m.: Redbook Retail Sales for the week ending February 28 (last
plus 1.0 percent). 10:00 a.m.: February Challenger Layoff Survey (last plus 26 percent). 12:30 p.m.: Fed Chairman Greenspan speaks at the Economics Club luncheon
in New York. 6:30 p.m.: ABC/Money Magazine Consumer Confidence for the week ending
February 28 (last minus 13). 7:30 p.m.: Fed Governor Bernanke speaks on economic policy in Lexington,
Virginia.
Man Financial Inc is one of the world's major futures and options brokers and
has been recognized as a leading option order execution firm for individuals and
institutions. Member CBOE/NASD/SIPC (CRD#6731). For more information and a
free CD with educational tools to help you invest smarter, see
http://www.investorsobserver.com/mancd This Morning Update was prepared with data and information provided by: InvestorsObserver.com -- Better Strategies for Making Money -> For Investors
With a Sense of Humor. Only $1 for your first month plus seven free bonuses
worth over $420, see: http://www.investorsobserver.com/must 247profits.com: You'll get exclusive financial commentary, access to a global
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247profits e-Dispatch. Go to: http://www.investorsobserver.com/agora Schaeffer's Investment Research -- Sign up for your FREE e-weekly, Monday
Morning Outlook, Bernie Schaeffer's look ahead at the markets. Sign Up Now
http://www.investorsobserver.com/freemo PowerOptionsPlus -- The Best Way To Find, Compare, Analyze, and Make Money On
Options Investments. For a 14-Day FREE trial and 5 FREE bonuses go to:
http://www.poweroptionsplus.com/ All stocks and options shown are examples only. These are not recommendations
to buy or sell any security and they do not represent in any way a positive or
negative outlook for any security. Potential returns do not take into account
your trade size, brokerage commissions or taxes which will affect actual
investment returns. Stocks and options involve riskand are not suitable for all
investors and investing in options carries substantial risk. Prior to buying or
selling options, a person must receive a copy of Characteristics and Risks of
Standardized Options available from Sharon at 800-837-6212 or at
http://www.cboe.com/Resources/Intro.asp . Privacy policy available upon
request. http://www.newscom.com/cgi-bin/prnh/20020214/MANSECLOGO http://photoarchive.ap.org/ DATASOURCE: Man Securities CONTACT: Michael Lavelle of Man Securities, +1-800-837-6212 Web site: http://www.mansecurities.com/mu.html
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