MORNING UPDATE: Man Securities Issues Alerts for GLW, GMST, AV, MCDTA, And BVF

MORNING UPDATE: Man Securities Issues Alerts for GLW, GMST, AV, MCDTA, And BVF 


CHICAGO, March 3  /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 GLW, GMST, AV, MCDTA, and BVF, Market
Overview, Today's Economic Calendar, and the Quote Of The Day.

  QUOTE OF THE DAY
  "Job creation is the focus of the week."
  -- Arthur Hogan, chief market analyst, Jefferies & Co.

  New PriceWatch Alerts for GLW, GMST, AV, MCDTA, and BVF...

  PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS -----------
  -- Corning Inc. (NYSE:GLW)
     Last Price 12.98 - MAY 12.50 CALL OPTION@ $1.25 -> 6.6 % Return
     assigned*
  -- Gemstar-TV Guide International Inc. (NASDAQ:GMST)
     Last Price 7.95 - APR 7.50 CALL OPTION@ $0.80 -> 4.9 % Return assigned*
  -- Avaya Inc. (NYSE:AV)
     Last Price 16.97 - JUN 15.00 CALL OPTION@ $2.90 -> 6.6 % Return
     assigned*
  -- McDATA Corp. Class A (NASDAQ:MCDTA)
     Last Price 8.26 - APR 7.50 CALL OPTION@ $1.05 -> 4 % Return assigned*
  -- Biovail Corp. (NYSE:BVF)
     Last Price 20.77 - MAR 20.00 CALL OPTION@ $2.00 -> 6.6 % 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 are not looking too good this morning as just three of the 15
markets that we track are currently positive.  The cumulative average return on
the group stands at a negative 0.431 percent.  The Nikkei suffered its first
decline (albeit nominal) in six sessions.  Unlike the U.S. number crunchers, the
Euro-Zone counterparts were able to assemble a Producer Price Index for January.
 For the month, products exiting Euro Zone factories rose by 0.2 percent and
stood at plus 0.3 percent on a year-over-year basis.  Both figures were higher
than analysts' predictions of unchanged and plus 0.1 percent, respectively.

At 7:00 a.m. today, the Mortgage Bankers' Association (MBA) Refinancing Index
was released.  The prior week demonstrated a rise of 1.9 percent.  The headlined
MBA Refinancing index improved by 5.1 percent while the Purchase index slipped
by 0.2 percent.  The net for the MBA market index was a 2.8 percent rise. At
10:00 a.m., the February Institute of Supply Management (ISM) Non-Manufacturing
Business Index is expected to have cooled a bit to 63.5 from the prior month's
blistering 65.7 reading.  Recall that the group's Manufacturing Index, released
on Monday, gave that market a boost on its strong employment figures.  Those
employment numbers traditionally do not translate into the monthly jobs report,
but today's figures may indeed have a greater impact than one would expect. Just
like there is a Federal Open Market Committee meeting, there is a Federal
Reserve Beige Book.  Today's rendition will be released at the standard time of
2:00 p.m. and is authored for the sole purpose of enlightening the interest rate
setting policy makers on the state of the U.S. economy.  If the report gives
traders the impression that interest rate hikes could occur sooner than later, a
market swoon could occur. But the standard rhetoric of late could offer a
balanced view on the economy, leaving more thunder for Friday's release of the
February employment numbers.

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

Take a look at a one-year chart of the NASDAQ. While it's enjoyed a healthy
bullish run, it also looks like it's rolling over. But it hasn't yet, and
Monday's positive day was achieved on low volume. This means that some hard-core
bulls are willing to fight it out. That's according to Christian DeHaemer,
respected financial analyst at the Red Zone Group, who is betting on a down
market until second-quarter earnings season gives hope for a summer rally.
DeHaemer states, "I'm in puts for my short-term plays, but I'm holding equities
for the long haul." This Friday, February's job numbers also come out -- but
given the decrease in consumer spending, DeHaemer says, "Don't expect it to be a
catalyst for anything - we believe the numbers won't be anything to write home
about. However, those who remain optimistic have brought the dollar back to the
forefront. In fact, the dollar is nearing a four-week high against the euro."

The editorial team has prepared a special FREE REPORT for you - "America's 1,300
Fastest-Growing Companies." You can access it immediately by following this
link: http://www.investorsobserver.com/agora1

  TODAY'S ECONOMIC CALENDAR
  7:00 a.m.:  MBA Refinancing Index for the week ending February 28 (last
              plus 1.9 percent).
  10:00 a.m.: February ISM Non-Manufacturing Business Index (last 65.7).
  2:00 p.m.:  Federal Reserve Beige Book.



Man Financial Inc is one of the world's major futures and options brokers and
has been recognized as a leading option order execution firmfor 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:

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Schaeffer's Investment Research  - Sign up foryour FREE e-weekly, Monday
Morning Outlook, Bernie Schaeffer's look ahead at the markets. Sign Up Now
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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 carriessubstantial 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.


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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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