Leverage Alert: Taser

ALL LEVERAGE SERVICES

FRIDAY, JANUARY 7, 2005
CLOSEOUT INSTRUCTIONS!

CANCEL ANY OPEN ORDERS AND PLACE A DAY-LIMIT ORDER TO SELL
(TO CLOSE) THE TASER INTERNATIONAL FEBRUARY 27.50 CALL (QURBY) AT 1.15 OR
BETTER.

IF THIS POSITION HAS NOT CLOSED BY 11:00 A.M. EASTERN TIME, CANCEL YOUR
LIMIT ORDER AND PLACE AN ORDER TO SELL (TO CLOSE) AT THE CURRENT MARKET
PRICE.

THIS POSITION IS BID AT 1.25, ASKED AT 1.35.

TASR IS CURRENTLY AT 23.69.

WE RECOMMEND EXITING THE POSITION IN ORDER TO LIMIT LOSSES.