MORNING UPDATE: Man Securities Issues Alerts for MOT, PETM, MRVL, CDN, and NEM...

MORNING UPDATE: Man Securities Issues Alerts for MOT, PETM, MRVL,
CDN, and NEM... 


CHICAGO, Aug. 20  /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 MOT, PETM, MRVL, CDN, and NEM, Market
Overview, Today's Economic Calendar, and the Quote Of The Day.

QUOTE OF THE DAY

"The recovery in equity markets has primarily been driven by bargain hunting
... what we need now are the fundamentals for a lasting rally."

  -- Bernard Walschots strategist, Rabobank

  New PriceWatch Alerts for MOT, PETM, MRVL, CDN, and NEM...

  PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS
   -- Motorola Inc. (NYSE:MOT)
      Last Price 15.62 - OCT 15.00 CALL OPTION@ $1.35 -> 5.1 % Return
      assigned*
   -- PETsMART, Inc. (NASDAQ:PETM)
      Last Price 28.36 - JAN 25.00 CALL OPTION@ $4.70 -> 5.7 % Return
      assigned*
   -- Marvell Technology Group Ltd. (NASDAQ:MRVL)
      Last Price 21.72 - SEP 20.00 CALL OPTION@ $2.55 -> 4.3 % Return
      assigned*
   -- Cadence Design Systems, Inc. (NYSE:CDN)
      Last Price 11.73 - JAN 10.00 CALL OPTION@ $2.35 -> 6.6 % Return
      assigned*
   -- Newmont Mining Corp. (NYSE:NEM)
      Last Price 44.03 - SEP 45.00 CALL OPTION@ $1.10 -> 4.8 % 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 seem to be suffering from oil shock as just one of the 15
markets that we track has managed positive.  The cumulative average return on
the group stands at a negative 0.423 percent.  Positive news out of Japan has
failed to overcome the potential of rising oil prices on that nation.
Production of crude steel rose 3.1 percent in July from a year earlier to 9.55
million tons.  That figure also constitutes a 1.4 percent on-month increase. 
Economic activity rose 0.6 percent on month in June and 1.8 percent on quarter
in the April-June period.  The data suggest the economy is still growing, with
industrial activity easily outstripping the surprisingly weak 0.4 percent
on-quarter rise in gross domestic product announced last week. The index, a
supply-side measure of the economy, was better than the average forecast
calling for activity to be flat on month.  The Nikkei exited this week higher
by 1.23 percent and currently stands higher by 1.99 percent year- to-date.

Traders today will be guided neither by economic data nor scheduled earnings
events, as those calendars resemble old Mother Hubbard's cupboard. Certainly
appears as if OIL will guide today's markets, possibly setting up a slippery
path along that particular area of concerns for the market and the economy. 
Today is options expiration for the August series and could present some
interesting trading reactions in highly optioned, lightly traded issues.
Needless to say, if you are involved in an August option position, make sure
that you deal with it in an appropriate fashion as they go away forever after
today's market close.

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

The world's second-largest mobile phone manufacturer, Motorola, said this week
it expects a strong finish to 2004 as it prepares to launch 20 new phone models
with fresh, innovative features. If successful, it should help the company
extend what has been a solid year so far. Second quarter sales surged 41% as it
continued to grab market share from No. 1 manufacturer Nokia. The mobile phone
sector is still red-hot. Sales are expected to hit 600 million this year from
520 million in 2003. Camera phones are expected to account for one-third of
that. And by 2007, mobile users will climb to two billion - 300 million of whom
will come from the rapidly growing Asia-Pacific region. Look out for an intense
market share battle to rage here. Elsewhere in Asia, and somewhat lost among
the news of conflict in Iraq, surging oil prices, Google's long-awaited IPO and
the presidential election race, are fears that avian bird flu is beginning to
resurface again. The news isn't all bad, however. Ian Cooper, chief trading
director at the Taipan Group's Extreme Volatility Speculator investment
service, alerted his investors to Chiron on Tuesday this week. The company was
just awarded a contract to develop a vaccine against the H9N2 strain of the
bird flu. After taking a while to filter down, investors finally bought into
the good news and have sent the stock on a good run. Intending Chiron to be a
short-term play, Cooper bought October Calls on the company and is up around
30% so far.

The Extreme Volatility Speculator has prepared an investor's briefing report. 
Access this FREE REPORT - and start receiving profitable investment advice
right here: http://www.investorsobserver.com/agora7

  TODAY'S ECONOMIC CALENDAR
  No major economic indicators scheduled.



Man Securities is one of the world's leading option order execution firms.
Man's in-house broker team offers a level of personal service and experience
unavailable from no-frills discount brokers. To improve your understanding of
option pricing get Man's FREE "Margin/Option Wizard software at:
http://www.investorsobserver.com/mancd. Member CBOE/NASD/SPIC.

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

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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
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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.


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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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