MORNING UPDATE: Man Securities Issues Alerts for MOT, TYC, UTSI, CDN, and FL

MORNING UPDATE: Man Securities Issues Alerts for MOT, TYC, UTSI, CDN, and FL 


CHICAGO, Nov. 20  /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 MOT, TYC, UTSI, CDN, and FL, Market
Overview, Today's Economic Calendar, and the Quote Of The Day.

QUOTE OF THE DAY

"Technology is a market where leaders are more successful than laggards. Scope
and scale matter, and we've got more scope and scale than anybody in the
industry."

  -- Carly Fiorina, Chief Executive, Hewlett-Packard

  New PriceWatch Alerts for MOT, TYC, UTSI, CDN, and FL...

  PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS
  -- Motorola, Inc. (NYSE:MOT)
     Last Price 13.23 - APR 12.00 CALL OPTION@ $1.90 -> 5.9 % Return
     assigned*
  -- Tyco International Ltd. (NYSE:TYC)
     Last Price 21.83 - APR 20.00 CALL OPTION@ $2.70 -> 4.5 % Return
     assigned*
  -- UTStarcom Inc. (NASDAQ:UTSI)
     Last Price 35.14 - FEB 30.00 CALL OPTION@ $6.50 -> 4.7 % Return
     assigned*
  -- Cadence Design Systems, Inc. (NYSE:CDN)
     Last Price 15.95 - FEB 12.50 CALL OPTION@ $4.00 -> 4.6 % Return
     assigned*
  -- Foot Locker Inc. (NYSE:FL)
     Last Price 18.30 - FEB 17.50 CALL OPTION@ $1.55 -> 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, "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, as expected, have been roiled by the acts of terrorism and
just two of the 15 markets that we track are currently positive (they were
closed for trade before the news broke).  The cumulative average return on the
group stands at a minus 0.400 percent.

Plenty of action on the economic front today.  The market gets to respond to a
sound earnings report out of Hewlett-Packard.  Before the market open, Initial
Jobless Claims for the week ending November 15 are expected to have risen by
4,000 on the heels of a lower than expected 13,000 jump in the prior week.  At
9:10 a.m., Federal Reserve Chairman Greenspan addresses the Cato Institute's
"The Future of the Euro" conference in Washington.  At 10:00 a.m., the October
Chicago Fed National Activity Index (CFNAI) improved to plus 0.20 in September
over August's reading of minus 0.40.  The CFNAI is a broad reaching compendium
of 85 different economic indicators grouped into five major categories. 
Readings below zero indicate an economy growing below its long-term trend rate,
with a diminished threat of rising inflationary pressures ahead.  If the index
is above zero, it indicates an economy expanding above trend with the potential
for inflation to build.  Sharing the same time slot, October Leading Economic
Indicators are seen at plus 0.2 percent improving over September's 0.2 percent
decline.  The Conference Board said its index of leading indicators fell 0.2
percent in September to 113.0, following a 0.4 percent increase in August to a
reading of 113.2.  The index was equal to 100 in 1996.  In last month's report,
six of the 10 indicators that make up the main index contracted, but positive
contributions were made by average weekly manufacturing hours, stock prices, and
new orders for consumer goods and non-defense capital goods.  At noon, the
November Philadelphia Fed Business Index is seen at 25.0 versus 28.0 in October.
Terrorism raised its ugly head in Turkey once again this morning.  The
cannibalistic acts took more lives, injured many, destroyed property and dropped
futures.  Whether these events will weigh on the market for the entire session
or even the days ahead is yet to be seen, but the ongoing threat of such acts
will certainly offer a directive going forward.  One would expect oil, gold and
treasuries to rise, while equities and select currencies decline.

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.:  Initial Jobless Claims for the week ending November 15 (seen
              at plus 4,000, last plus 13,000).
  8:55 a.m.:  Federal Reserve Bank of Chicago President Moskow speaks on the
              economic outlook before the Chicago-land Chamber/WBBM Business
              Leaders Breakfast Annual Economic Forecast in Chicago.
  9:10 a.m.:  Federal Reserve Chairman Greenspan addresses the Cato
              Institute's The Future of the Euro conference in Washington.
  10:00 a.m.: DJ-BTM Business Barometer for the week of November 8 (last
              plus 0.5 percent).
  10:00 a.m.: October Chicago Fed National Activity Index (last plus 0.20).
  10:00 a.m.: October Leading Economic Indicators (seen at plus 0.2 percent,
              last minus 0.2 percent).
  12:00 p.m.: November Philadelphia Fed Business Index (seen at 25.0, last
              28.0).
  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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