CHICAGO, Feb. 11 /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 AMR, SNDK, AAPL, CTSH, and SCMR,
Market Overview, Today's Economic Calendar, and the Quote Of The Day.
QUOTE OF THE DAY
"I think the past few weeks have shown resilience in the market. Volume is
a little low, though, and I would probably want to wait for the big money to
come in before making any big moves."
-- Russ Koesterich, U.S. equity strategist, State Street Corp
New PriceWatch Alerts for AMR, SNDK, AAPL, CTSH, and SCMR...
PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS -----------
-- AMR Corp. (NYSE: AMR)
Last Price 15.05 - MAR 14.00 CALL OPTION@ $1.80 -> 5.7 % Return
-- SanDisk Corp. (Nasdaq: SNDK)
Last Price 50.25 - MAR 47.50 CALL OPTION@ $5.30 -> 5.7 % Return
-- Apple Computer Inc. (Nasdaq: AAPL)
Last Price 22.98 - APR 22.50 CALL OPTION@ $1.70 -> 5.7 % Return
-- Cognizant Tech. Solution Corp. (Nasdaq: CTSH)
Last Price 50.79 - MAR 50.00 CALL OPTION@ $3.40 -> 5.5 % Return
-- Sycamore Networks Inc. (Nasdaq: SCMR)
Last Price 5.35 - MAR 5.00 CALL OPTION@ $0.70 -> 7.5 % 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:
(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:
NOTE: All stocks and options shown are examples only. These are not
recommendations to buy or sell any security.
Overseas markets are performing reasonably well as 11 of the 14 actively
traded markets are positive. The Nikkei is closed for a government holiday.
The cumulative average return on the 14 remaining bourses stands at a positive
0.203 percent. The "Claimant Count" of unemployment in the United Kingdom
took its largest single monthly decline since June 2001, dropping by 13,400 in
January. January's decline follows a revised 11,000 decline in December and
lowered the jobless rate to 2.9 percent from the prior month's 3.0 percent.
The results were a positive surprise to analysts looking for a 5500 decline in
unemployed and a jobless rate holding steady at 3.0 percent.
Before the market open today, the Mortgage Banker's Association (MBA)
Refinancing Index will be released. In the prior week the index slipped by
1.4 percent. At 11:00 a.m., Fed Chairman Greenspan delivers his required
semi-annual fed policy report to the House Financial Services committee in
Washington. Now, while his remarks may be of the usual well-crafted variety,
the question and answer period immediate following typically is not so
structured. This could introduce a certain degree of volatility into today's
session. At noon, the December Chicago Fed Midwest Manufacturing Index is
scheduled for release. In November the index was in contraction mode at minus
2.6 percent. Merger and acquisition news may impact the markets today as
cable TV operator Comcast has taken the bold step to acquire Walt Disney in a
$66 billion bid. From what is already out on the news wires, it appears that
CMCSK is offering 0.78 of its class "A" shares for each DIS share. Based upon
yesterday's closing prices this would value each DIS share at 26.46, which is
a 9.88 percent premium on yesterday's close.
Be prepared for the investing week ahead with Bernie Schaeffer's FREE
Monday Morning Outlook. For more details and to sign up, go to:
DYNAMIC MARKET OPPORTUNITIES
In an alert to his Red Zone VIP traders, respected financial analyst
Christian DeHaemer just gave his verdict on where the Nasdaq market is headed
in the short-term. According to DeHaemer, "The Nasdaq is in a transitional
phase. Last Friday's big surge followed by Monday's action tells me exactly
nothing. The Nasdaq chart has filled the gap. The fact that earnings season is
over and the Fed is contemplating raising interest rates has me leaning into
the short-term bearish camp -- particularly if we have a doji candle
formation. That said however, there are 572 companies with bullish engulfing
patterns, compared to 128 companies with bearish engulfing patterns. That
would suggest we are going up. Ergo, we are at a crossroads. I must have more
data before I can aggressively pursue a trading course." However, the astute
DeHaemer still manages to take advantage. Not only has he caught the
nanotechnology trend perfectly, but he's also riding a successful option call
on H&R Block. With the stock just hitting a new 52-week high (a bullish
signal), DeHaemer is up 41% since February 2.
For a free daily e-letter featuring DeHaemer, plus a network of other
financial experts, incisive economic/market commentary and much more, simply
follow this link: http://www.investorsobserver.com/agora2
TODAY'S ECONOMIC CALENDAR
7:00 a.m.: MBA Refinancing Index (last minus 1.4 percent).
11:00 a.m.: Fed Chairman Greenspan delivers semi-annual fed policy report
to the House Financial Services committee in Washington.
12:00 p.m.: December Chicago Fed Midwest Manufacturing Index (last minus
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,
This Morning Update was prepared with data and information provided by:
InvestorsObserver.com - Better Strategies for Making Money -> For
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Morning Outlook, Bernie Schaeffer's look ahead at the markets. Sign Up Now
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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 risk and 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
available upon request.
SOURCE Man Securities
/CONTACT: Michael Lavelle of Man Securities, +1-800-837-6212/
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/Web site: http://www.mansecurities.com/mu.html /
(AMR SNDK AAPL CTSH SCMR)
CO: Man Securities; AMR Corp.; SanDisk Corp.; Apple Computer Inc.; Cognizant
Tech. Solution Corp.; Sycamore Networks Inc.
IN: FIN PUB
-0- Feb/11/2004 14:33 GMT
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