MOGN Mgi Pharma (MM)

MORNING UPDATE: Man Securities Inc. Issues Alerts for TASR, DNDN, X, MOGN, and PDE CHICAGO, Jan 12 /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 TASR, DNDN, X, MOGN, and PDE, Market Overview, Today's Economic Calendar, and the Quote Of The Day. QUOTE OF THE DAY "We think the correction has further to run, how far I have no idea." -- Richard A. Dickson, senior market strategist, Research Reports. New PriceWatch Alerts for TASR, DNDN, X, MOGN, and PDE... PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS -- Taser International Inc. (NASDAQ:TASR) Last Price 14.10 - JAN 12.50 CALL OPTION@ $2.30 -> 5.9 % Return assigned* -- Dendreon Corp. (NASDAQ:DNDN) Last Price 7.62 - FEB 7.50 CALL OPTION@ $0.85 -> 10.8 % Return assigned* -- U.S. Steel Group (NYSE:X) Last Price 46.34 - APR 40.00 CALL OPTION@ $8.40 -> 5.4 % Return assigned* -- MGI Pharma Inc. (NASDAQ:MOGN) Last Price 23.95 - APR 20.00 CALL OPTION@ $4.80 -> 4.4 % Return assigned* -- Pride International Inc. (NYSE:PDE) Last Price 20.49 - APR 20.00 CALL OPTION@ $1.45 -> 5.0 % 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, "Is Your Investment Portfolio Disaster Proof? - Insights, Stocks, And Strategies." go to: http://www.investorsobserver.com/FREEDP NOTE: All stocks and options shown are examples only. These are not recommendations to buy or sell any security. NEWS LEADERS AND LAGGARDS So far today, Intel Corp., Linktone Ltd., and AirTran Holdings, Inc. lead the list of companies with the most news stories, while Telefonica SA and Corgentech Inc. are showing a spike in news. Power Integrations Inc., Infosys Technologies Ltd., and Family Dollar Stores Inc. have the highest srtIndex scores to top the list of companies with positive news while United Parcel Service Inc. and Williams-Sonoma Inc. lead the list of companies with negative news reports. Coach Inc. has popped up with a high positive news sraIndex score. To learn more about how our patent pending SmartReadMX technology continuously reads business news and identifies the best potential investment opportunities to keep you ahead of the pack go to: http://www.wallstreetsecretsplus.com/go/freemu/ MARKET OVERVIEW The U.S. Dollar Index fell 0.27 points as traders were very cautious in front of today's trade gap data. On the day, the old greenback fell versus all the currencies that we track. Although given the impressive rally we've seen from the dollar so far this year, a little weakness might actually be a good chance to let it catch its breath some before potentially moving higher. Expect some strength out of tech and chip stocks today, after Intel beat analyst estimates and topped revenue expectations last night. The stock was about one percent higher in pre-market trading. On the economic front, the only major data due out is November's trade deficit at 8:30 a.m. Economists are looking for the gap to close to about minus $54 billion, an improvement from October's minus $55.5 billion. The treasury will auction $5 billon worth of five-year notes today. This usually means lower prices as the market adjusts to the extra supply. After the bell, Apple Computer is scheduled to report earnings. The current consensus is for the computer and media giant to earn 48 cents a share in its first quarter. 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 In anticipation of the November US trade figures, due to be released today, the dollar resumed its decline Tuesday. The greenback edged lower against the euro and yen in early trading, as investors took gains before tomorrow's key announcement -- one that could show a slight pullback in the trade deficit from US$55 billion to around US$53 billion. In any event, it seems likely that the dollar will absorb more pressure. Since mid-2004, it's down almost 15% against the euro, and while the slide might be good for US exporters as it makes goods cheaper abroad, that, coupled with America's infamous deficits, is likely to further deter foreign investors from investing in dollar-denominated assets. This, of course, is a "Catch 22," since one of the ways to reduce the trade deficit (and consequently the current account deficit) is to allow the dollar to continue its decline. This is arguably why the Bush Administration often proclaims its desire for a "strong dollar," but does little to support that with action -- an attitude labeled "benign neglect." Many economists are already saying America's current account deficit more than likely hit a record high in 2004 -- with the dollar's current malaise expected to continue for well over a year. The other option to reducing the trade imbalance lies with the Federal Reserve, which could boost the greenback's popularity by continuing with its accommodative interest rate policy this year. But given how deep America is in the red, this could prove to be an exercise in futility. Moreover, raising borrowing costs could ignite a period of slower growth. Current projections call for US GDP growth around 3.6% this year. 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 7:00 a.m.: MBA Refinancing Index for last week (minus 5.7%) 8:30 a.m.: November Intl Trade Balance (last minus $55.46B) 9:00 a.m.: December Tsy Budget Statement (last minus $57.88B) 9:15 a.m.: Fed Gov Gramlich speaks on affordable housing in Washington 8:00 p.m.: Fed Vice Chairman Ferguson speaks on recovering economies at Stanford University in Stanford, Calif. Man Securities Inc. 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: John Gannon of Man Securities Inc., +1-800-837-6212 Web site: http://www.mansecurities.com/mu.html

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