MOGN Mgi Pharma (MM)

MORNING UPDATE: Man Securities Issues Alerts for INTC, TASR, GM, MOGN, and NITE CHICAGO, Sept. 3 /PRNewswire/ -- Man Securities issues the following Morning Update at 8:30 AM EDT with new PriceWatch Alerts for key stocks. (Logo: http://www.newscom.com/cgi-bin/prnh/20020214/MANSECLOGO ) Before the open... PriceWatch Alerts for INTC, TASR, GM, MOGN, and NITE, Market Overview, Today's Economic Calendar, and the Quote Of The Day. QUOTE OF THE DAY "Manufacturing demand remains in pretty good shape despite growing economic concerns." -- Clifford Waldman, economist, Manufacturers Alliance/MAPI. New PriceWatch Alerts for INTC, TASR, GM, MOGN, and NITE... PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS -- Intel Corp. (NASDAQ:INTC) Last Price 21.63 - JAN 20.00 CALL OPTION@ $2.80 -> 6.2 % Return assigned* -- Taser International Inc. (NASDAQ:TASR) Last Price 31.64 - OCT 27.50 CALL OPTION@ $5.60 -> 5.6 % Return assigned* -- General Motors Corp. (NYSE:GM) Last Price 42.90 - DEC 42.50 CALL OPTION@ $2.30 -> 4.7 % Return assigned* -- MGI Pharma Inc. (NASDAQ:MOGN) Last Price 29.17 - OCT 27.50 CALL OPTION@ $2.80 -> 4.3 % Return assigned* -- Knight Trading Group, Inc. (NASDAQ:NITE) Last Price 8.90 - JAN 7.50 CALL OPTION@ $1.80 -> 5.6 % 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 seem in a holding pattern, caught betwixt Intel and U.S. employment data. Currently just six of the 15 markets that we track are positive. The cumulative average return on the group stands at a minus 0.055 percent. Issues in the technology sectors weighed heavily on the Nikkei overnight, dragging it lower by over 130 points. Suffering from a case of "Intel-itis" the index plummeted frightfully close to the key 11,000 level. The index has now suffered seven consecutive weekly closes beneath both of its intermediate-term 10- and 20-week moving averages which suffered a "bearish cross" (the faster 10-week moved beneath the slower 20-week trendline) toward the end of June. The index remains 3.24 percent positive in 2004, however. The euro-Zone Purchasing Managers Services Index expanded for a 14th consecutive month in August, but at a diminished pace. The August figure came in at 54.5, below both the July figure of 55.3 and analysts' expectations for a 55.0. The Intel mid-quarter update seems to have put a bitter after-taste in the mouths of traders. It is now up to the labor department to offer up a sweet jobs report. As for today, traders finally get what traders have been buzzing about all week. At 8:30 a.m., the August Non-farm Payrolls are expected to have increased by 150,000. Recall that in July U.S. corporations were only able to generate 32,000 new non-farm jobs, disappointing analysts looking for the creation of 215,000 new positions. So, it would seem that we need to blow past the current estimates to satisfy the market gods. The August Unemployment Rate is expected to have held steady at 5.5 percent. After the dust settles from the employment figure, 10:00 a.m. brings about the release of the August rendition of the Institute of Supply Management (ISM) Non- Manufacturing Index. Analysts expect the survey to sink to 62.8 from the prior month's 64.8 reading. The 2:00 p.m. hour will signal the early close to the U.S. Bond markets ahead of the lengthy Labor Day holiday weekend. On that note, remember that the markets are closed on Monday, so have a safe and refreshing weekend! 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 While the overall market continues to tread water this week, with the Republican National Convention concluding yesterday, and the Labor Day weekend reducing activity, William Colburn has identified a sector on the move. Colburn is the chief trader at the 247Profits Group's Volume Spike Indicator investment service, and suggests monitoring the biotech sector. Several stocks enjoyed a bullish day on Monday, with one in particular taking Colburn's interest, Avanir Pharmaceuticals. The stock closed Thursday at $2.84 after establishing new 52-week highs on both Monday and Tuesday ($2.76 and $2.98 respectively). Avanir manufactures a drug that treats Pseudobulbar affect (PBA) -- a condition of uncontrollable laughing or crying that afflicts patients with neurological disorders such as MS, Alzheimer's disease or Lou Gehrig's disease. At the moment, there are no FDA-regulated drugs to treat PBA. But in a recent Phase III trial, Avanir's Neurodex significantly reduced the frequency and severity of PBA attacks. That announcement came last week and Avanir soared on the news. Unsurprisingly, daily volume also soared earlier this week -- well above its average daily volume of just over 487,000. While likely not a full FDA approval, something big could be about to happen at the Avanir camp. The company also has an asthma drug in Phase I trials and is working on injectable antibodies to treat anthrax and other infectious diseases. Receive incisive economic/market commentary, profitable advice and access to a network of leading investment exports. Simply follow this link: http://www.investorsobserver.com/agora2 TODAY'S ECONOMIC CALENDAR 8:30 a.m.: August Non-farm Payrolls (last plus 32,000). 8:30 a.m.: August Unemployment Rate (last 5.5 percent). 9:40 a.m.: August ECRI Inflation Gauge (last 117.5). 10:00 a.m.: August Institute of Supply Management (ISM) Non-Manufacturing Index (last 64.8). 2:00 p.m.: Bond markets close early ahead of the Labor Day weekend holiday. Man Securities is one of the world's leading option order execution firms. Man's in-house broker team offers a level of personal service and experience unavailable from no-frills discount brokers. To improve your understanding of option pricing get Man's FREE "Margin/Option Wizard software at: http://www.investorsobserver.com/mancd . Member CBOE/NASD/SPIC. 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 network of experts and undiscovered stock alerts. Register NOW for the FREE 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 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 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

Copyright