MORNING UPDATE: Man Securities Issues Alerts for BRCD, ANDW, DAL, TSG, and MLNM
30 October 2004 - 12:38AM
PR Newswire (US)
MORNING UPDATE: Man Securities Issues Alerts for BRCD, ANDW, DAL,
TSG, and MLNM CHICAGO, Oct. 29 /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 BRCD, ANDW, DAL, TSG, and MLNM,
Market Overview, Today's Economic Calendar, and the Quote Of The
Day. QUOTE OF THE DAY "No matter how you slice it, you have to be
very ecstatic the market is flat given the gains we've had in the
last two days." -- Matt Ruane, director of U.S. equities, Calyon
Securities New PriceWatch Alerts for BRCD, ANDW, DAL, TSG, and
MLNM... PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS
----------- -- Brocade Communications Systems Inc. (NASDAQ:BRCD)
Last Price 6.80 - JAN 6.00 CALL OPTION@ $1.05 -> 4.3 % Return
assigned* -- Andrew Corp. (NASDAQ:ANDW) Last Price 13.91 - JAN
12.50 CALL OPTION@ $2.00 -> 5 % Return assigned* -- Delta Air
Lines Inc. (NYSE:DAL) Last Price 5.72 - NOV 5.00 CALL OPTION@ $1.15
-> 9.4 % Return assigned* -- Sabre Holdings Corp. (NYSE:TSG)
Last Price 21.10 - JAN 20.00 CALL OPTION@ $2.05 -> 5 % Return
assigned* -- Millennium Pharmaceuticals Inc. (NASDAQ:MLNM) Last
Price 12.65 - JAN 12.50 CALL OPTION@ $1.20 -> 9.2 % 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. MARKET OVERVIEW Overseas markets are
mostly positive today. The European markets appear to be mostly in
the green with the Asian market taking an opposing stance. China's
interest rate is on center stage affecting markets all across the
globe. The FTSE failed to rally on this news as the drop in oil
prices pushed down oil shares offsetting advances in other sectors.
The Hong Kong HSI dropped as Beijing raised interest rates for the
first time in nearly a decade. While the rate hike was small, the
markets magnified the impact forcing down Hong Kong blue chips.
This rate increase also affected Singapore's Straits Times Index,
forcing shares to retreat as businesses and analysts try to
evaluate the impact. The November contract on sweet crude oil fell
$1.54 yesterday on the New York Mercantile Exchange. While the
Chinese interest-rate hike is expected to ease some of the energy
demand in that country's wildly expanding economy it has also
sparked the sharp fall in oil prices. Heating oil also fell, losing
4.23 cents to close at $1.4532 a gallon. November unleaded gasoline
fell 4.29 cents to $1.2932 a gallon. 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 The so-called "quiet period" before a company
prepares to start trading publicly on the stock market is sometimes
a confusing issue. It's this rule that landed Google in trouble
with the SEC before it went public. In that case, its founders gave
an interview to Playboy magazine beforehand and were later accused
of "hyping" the stock. While this rule stops companies from
artificially pumping stocks, it often means that small time
investors have less access to the information that institutions
have at their fingertips. So the SEC has proposed to loosen the
strings on the so-called "quiet period" surrounding stock
offerings. At the moment, SEC rules temporarily limit what a
company can say after filing for an IPO. The proposal, if passed,
could allow companies to release more news and information than
before. Elsewhere, the People's Bank of China broke a nine-year
streak and lifted the one-year interest rate from 5.31% to 5.58% -
the first hike since 1995, and a move that will take effect from
today. It's a good move too. The rampant pace of economic growth is
such that it's putting a pretty severe strain on the
infrastructure, with folks having to contend with energy shortages.
The decision follows earlier measures to slow an economic growth
rate of 9.8%, 9.6% and 9.1% in the first three quarters of 2004
respectively by cutting back investment spending and demanding
banks to limit their lending. It also comes as the inflation rate
edges its way ever closer to a seven-year high of 5.3%. Inflation
was up 5.2% in the year to September. 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.: Third Quarter Employment Cost Index (last plus 3.9
percent) 8:30 a.m.: Third Quarter Advanced (first of three
estimates) Gross Domestic Product (GDP) 9:45 a.m.: October Final
University of Michigan Sentiment (seen at 94.2 versus preliminary
reading of 87.5) 10:00 a.m.: October Chicago Purchasing Mgmt Index
(last 61.3) 1:00 p.m.: Chicago Federal Reserve President Moscow
speaks before "2004 Headquarters and Cities Agenda" in Chicago 2:00
p.m.: Federal Reserve Vice Chairman Ferguson speaks on the neutral
interest rate at University of Connecticut Business School in
Hartford 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
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