MORNING UPDATE: Man Securities Issues Alerts for AMAT, BGEN, SCMR, VXGN, And CERN

MORNING UPDATE: Man Securities Issues Alerts for AMAT, BGEN, SCMR, VXGN, And
CERN 


CHICAGO, Nov. 13  /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 AMAT, BGEN, SCMR, VXGN, and CERN,
Market Overview, Today's Economic Calendar, and the Quote Of The Day.

QUOTE OF THE DAY

"It's most likely that growth will exceed potential in the fourth quarter and
through to 2004 as well."

  -- Michael Moskow, President, Chicago Federal Reserve

  New PriceWatch Alerts for AMAT, BGEN, SCMR, VXGN, and CERN...

  PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS
  -- Applied Materials Inc. (NASDAQ:AMAT)
     Last Price 25.44 - DEC 25.00 CALL OPTION@ $1.75 -> 5.5 % Return
     assigned*
  -- Biogen Inc. (NASDAQ:BGEN)
     Last Price 38.57 - APR 35.00 CALL OPTION@ $5.70 -> 6.5 % Return
     assigned*
  -- Sycamore Networks Inc. (NASDAQ:SCMR)
     Last Price 5.09 - JAN 5.00 CALL OPTION@ $0.55 -> 10.1 % Return
     assigned*
  -- VaxGen, Inc. (NASDAQ:VXGN)
     Last Price 9.39 - DEC 7.50 CALL OPTION@ $2.20 -> 4.3 % Return assigned*
  -- Cerner Corp. (NASDAQ:CERN)
     Last Price 44.98 - DEC 45.00 CALL OPTION@ $2.70 -> 6.4 % 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, "WiFi - The Buzz, The Facts, and a Company That Could Be
The Next Microsoft", go to: http://www.investorsobserver.com/freewifimu

NOTE: All stocks and options shown are examples only.  These are not
recommendations to buy or sell any security.

MARKET OVERVIEW

Overseas markets are currently unanimously positive as all 15 of the 15 markets
that we track are in the green.  The cumulative average return on the group
stands at a plus 0.840 percent.  It appears that the German economy may be
slowly emerging from recession as the Preliminary (second look) Gross Domestic
Product for the third quarter grew by 0.2 percent (over the second quarter),
thanks to strong foreign demand.  The second quarter was booked at a 0.2 percent
decline from the first quarter.

Before the market open today, Initial Jobless Claims for the week ending
November 8 are expected to have risen by 17,000, coming on the heels of the
prior week's 43,000 decline.  The last report showed the 4-week average dropping
by some 10,000 to 380,000.  The average has now held below the key 400,000 level
for five consecutive weeks.  Also due out at 8:30 a.m., October Import Prices
are expected to have risen by 0.6 percent versus September's 0.5 percent
decline.  I am not sure what impact crude prices will have on this figure.  We
imported at record levels and the crude contract spiked during the month, but
strangely enough it closed out October pretty much where it started.  Also at
8:30 a.m., September International Trade (seen at $40.5 billion, last $39.21
billion).  This report will be interesting as the U.S. dollar took a huge and
sustained plunge throughout the entire month of September.  If you are a
currency trader, you may want to tune in around 12:15 p.m. as Treasury Secretary
Snow addresses Tax Foundation's conference in Washington.

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

  TODAY'S ECONOMIC CALENDAR
  8:30 a.m.:  Federal Reserve Vice Chairman Ferguson addresses the Center
              for European Policy Studies conference in Brussels via
              satellite on U.S. bank supervision.
  8:30 a.m.:  Initial Jobless Claims for the week ending November 8 (seen at
              plus 17,000, last minus 43,000).
  8:30 a.m.:  October Import Prices (seen at plus 0.6 percent, last minus
              0.5 percent).
  8:30 a.m.:  September International Trade (seen at $40.5 billion, last
              $39.21 billion).
  10:00 a.m.: DJ-BTM Business Barometer for the week of November 1 (last
              minus 0.5 percent).
  12:15 p.m.: Treasury Secretary Snow addresses Tax Foundation's conference
              in Washington.
  4:30 p.m.:  Money Supply.



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.mansecurities.com/mu.html .

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

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
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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:
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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

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DATASOURCE: Man Securities



CONTACT:  Michael Lavelle of Man Securities, [phone]



Web site:  http://www.mansecurities.com/mu.html 

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