MORNING UPDATE: Man Securities Issues Alerts for HPQ, IBM, EXTR, CDN, and INTU

MORNING UPDATE: Man Securities Issues Alerts for HPQ, IBM, EXTR, CDN, and INTU 


CHICAGO, Dec. 8  /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 HPQ, IBM, EXTR, CDN, and INTU, Market
Overview, Today's Economic Calendar, and the Quote Of The Day.

QUOTE OF THE DAY

"We would expect the market to be higher next year because I do think the
earnings momentum from this year will carry over into next year."

  -- E. Matthew Brown, head of stock management, Wilmington Trust

  New PriceWatch Alerts for HPQ, IBM, EXTR, CDN, and INTU...

  PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS
  -- Hewlett-Packard (NYSE:HPQ)
     Last Price 22.11 - JAN 22.50 CALL OPTION@ $0.65 -> 4.8 % Return
     assigned*
  -- International Business Machines (NYSE:IBM)
     Last Price 90.64 - APR 90.00 CALL OPTION@ $4.90 -> 5 % Return assigned*
  -- Extreme Networks, Inc. (NASDAQ:EXTR)
     Last Price 9.56 - JAN 10.00 CALL OPTION@ $0.60 -> 11.6 % Return
     assigned*
  -- Cadence Design Systems, Inc. (NYSE:CDN)
     Last Price 17.49 - JAN 17.50 CALL OPTION@ $0.80 -> 4.9 % Return
     assigned*
  -- Intuit Inc. (NASDAQ:INTU)
     Last Price 50.15 - APR 45.00 CALL OPTION@ $7.10 -> 4.5 % 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 generating any enthusiasm for a positive outcome on
today's session.  Currently none of the 15 markets that we track are positive. 
The cumulative average return on the group stands at a minus 0.982 percent. 
Manufacturers in the United Kingdom saw their output rise by 1.0 percent in
October and 2.4 percent on a year-over-year basis on expectations for a plus 0.3
percent and 0.8 percent respectively.

About the only thing planned today is the 11:00 a.m. release of the November
Kansas City Fed Manufacturing Index.  Activity in the Federal Reserve Bank of
Kansas City region continued to grow in October, although at a slower pace
compared to the month before.  The bank said that its production index moved to
28 in October from 31 in September and 20 in August.  For the record, the 10th
Federal Reserve District covers Colorado, Kansas, Nebraska, Oklahoma, Wyoming,
Northern New Mexico and Western Missouri.  This report typically has little
impact on the market.  We get a little excitement tomorrow as the Federal Open
Market Committee (FOMC) meets on interest rates and monetary policy.  Then we
have to wait until Thursday when Import Prices, November Retail Sales and
October Business Inventories will be made known.  Friday tops off the week with
the Producer Price Index for November, October Business Inventories.  Today's
key earnings report comes out of homebuilder Hovnanian Enterprises.  Currently
the Street is looking for the company to post a fourth quarter profit of $2.68
per share.  The key concern today is whether the market can overcome the
disappointing employment numbers.  Early indications are that the answer is 
"not yet."  Futures are fading, overseas markets and the U.S. dollar are
disappointing.

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
  11:00 a.m.: November Kansas City Fed Manufacturing Index (last 28).



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
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

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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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