PDG Placer Dome

MORNING UPDATE: Man Securities Issues Alerts for SUNW, ASKJ, COST, MEDX, and PDG CHICAGO, June 14 /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 SUNW, ASKJ, COST, MEDX, and PDG, Market Overview, Today's Economic Calendar, and the Quote Of The Day. QUOTE OF THE DAY "At this point, I judge that financial markets, business leaders and consumers have a good sense of the need to get back to a more neutral monetary policy setting." -- Jack Guynn, President, Federal Reserve Bank of Atlanta New PriceWatch Alerts for SUNW, ASKJ, COST, MEDX, and PDG... PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS -- Sun Microsystems Inc. (NASDAQ:SUNW) Last Price 4.34 - OCT 4.00 CALL OPTION@ $0.65 -> 8.4 % Return assigned* -- Ask Jeeves Inc. (NASDAQ:ASKJ) Last Price 36.23 - SEP 30.00 CALL OPTION@ $8.60 -> 8.6 % Return assigned* -- Costco Wholesale Corporation (NASDAQ:COST) Last Price 41.62 - OCT 42.50 CALL OPTION@ $1.75 -> 6.6 % Return assigned* -- Medarex Inc. (NASDAQ:MEDX) Last Price 6.93 - NOV 5.00 CALL OPTION@ $2.20 -> 5.7 % Return assigned* -- Placer Dome Inc. (NYSE:PDG) Last Price 15.39 - SEP 15.00 CALL OPTION@ $1.35 -> 6.8 % 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 taken a step lower in early trade as none of the 15 markets that we track have been able to post positive numbers. The cumulative average return on the group stands at a minus 1.010 percent. The major drag on the indexes was the overnight performance in the Hang Seng, which slumped by 319 points after trading higher by as much as 143 points. Before the market open today, May Retail and Food Sales are expected to have risen by 1.3 percent versus the 0.5 percent rise posted last month. Pulling out auto sales and analysts expect to see a 0.6 percent rise in sales versus April's 0.1 percent decline. Also at 8:30 a.m., the April International Trade Balance is expected to improve a bit to a $44.5 billion short-fall versus March's $45.96 billion deficit. At 11:00 a.m., expect the regional manufacturing report via the May Kansas City Fed Manufacturing Index which last hit plus 28. 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 Last week ended somewhat sluggishly in the US financial world, with the markets closed for Ronald Reagan's funeral. But with traders ready for action again this morning, they do so after the economists at the Blue Chip Economic Indicators group made a firm conclusion last Friday. Citing faster economic growth, impressive job creation and steadily rising inflation, they claim the Federal Reserve will "almost certainly" raise US interest rates at the end of this month. The panel believes that when Alan Greenspan and his team come to consider its monetary policy, they will do so after consumer prices tack on another 0.2% (to 2.3%) this month -- the fourth consecutive month in which inflation has risen. In May, the US economy also created 248,000 new jobs, solidifying the notion that the recovery has taken root and the economy is now primed to forge forward with added gusto. In fact, the Blue Chip group expects GDP to hit 4.7% this year -- the best showing since 1984. In 2005, the figure is expected to retreat back to 3.7%. 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.: May Retail & Food Sales (last plus 0.5 percent). 8:30 a.m.: May Retail & Food sales, ex-autos (last minus 0.1 percent). 8:30 a.m.: April International Trade Balance (expected minus $44.5 billion, last minus $45.96 billion). 11:00 a.m.: May Kansas City Fed Manufacturing Index (last plus 28). 7:30 p.m.: Fed Gov Olson speaks to ABA graduate students at Georgetown University in Washington. 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 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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