MORNING UPDATE: Man Securities Issues Alerts for MSFT, AMTD, DNA, DDS, and INGP

MORNING UPDATE: Man Securities Issues Alerts for MSFT, AMTD, DNA,
DDS, and INGP 


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 MSFT, AMTD, DNA, DDS, and INGP, 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 MSFT, AMTD, DNA, DDS, and INGP...

  PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS
  -- Microsoft Corp. (NASDAQ:MSFT)
     Last Price 26.77 - OCT 27.50 CALL OPTION@ $0.95 -> 6.5 % Return
     assigned*
  -- Ameritrade Holding Corp. (NASDAQ:AMTD)
     Last Price 11.46 - AUG 10.00 CALL OPTION@ $1.85 -> 4.1 % Return
     assigned*
  -- Genentech Inc. (NYSE:DNA)
     Last Price 51.75 - SEP 47.50 CALL OPTION@ $6.20 -> 4.3 % Return
     assigned*
  -- Dillard's, Inc. (NYSE:DDS)
     Last Price 23.23 - AUG 22.50 CALL OPTION@ $1.90 -> 5.5 % Return
     assigned*
  -- Instinet Group Inc. (NASDAQ:INGP)
     Last Price 5.50 - AUG 5.00 CALL OPTION@ $0.75 -> 5.3 % 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
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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

http://photoarchive.ap.org/

DATASOURCE: Man Securities



CONTACT:  Michael Lavelle of Man Securities, [phone]



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

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