MORNING UPDATE: Man Securities Issues Alerts for TWX, FON, BBY, PVN, and KBH

MORNING UPDATE: Man Securities Issues Alerts for TWX, FON, BBY,
PVN, and KBH 


CHICAGO, June 17  /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 TWX, FON, BBY, PVN, and KBH, Market
Overview, Today's Economic Calendar, and the Quote Of The Day.

QUOTE OF THE DAY

"I think for the next several weeks, we're not likely to see major directional
moves."

  -- Jack Caffrey, equities strategist, J.P. Morgan Private Bank

  New PriceWatch Alerts for TWX, FON, BBY, PVN, and KBH...

  PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS -----------
  -- Time Warner Inc. (NYSE:TWX)
     Last Price 17.61 - OCT 18.00 CALL OPTION@ $0.75 -> 6.8 % Return
     assigned*
  -- Sprint Corp. (NYSE:FON)
     Last Price 17.42 - AUG 17.50 CALL OPTION@ $0.85 -> 5.6 % Return
     assigned*
  -- Best Buy Co. Inc. (NYSE:BBY)
     Last Price 52.04 - SEP 50.00 CALL OPTION@ $4.30 -> 4.7 % Return
     assigned*
  -- Providian Financial Corp. (NYSE:PVN)
     Last Price 14.49 - SEP 15.00 CALL OPTION@ $0.75 -> 9.2 % Return
     assigned*
  -- KB Home (NYSE:KBH)
     Last Price 63.71 - OCT 60.00 CALL OPTION@ $7.40 -> 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, while mostly positive, are failing to stray too far from
their breakeven figures.  Currently nine of the 15 markets that we track are
positive.  The cumulative average return on the group stands at a positive
0.054 percent.  Retail sales continued to surge in the United Kingdom, placing
pressure on the Bank of England to possibly kick in another rate hike at their
next gathering.  May retail sales jumped 0.8 percent on the month and 7.4
percent on a year-over-year basis, easily blowing past expectations for plus
0.5 percent and plus 6.8 percent, respectively.

The much delayed May Producer Price Index is expected to finally be released
before the market open today.  Analysts expect the figure to advance by 0.6
percent, easing a bit from the prior month's 0.7 percent jump.  The Core Index,
less food and energy, is expected to have risen by 0.2 percent, matching
April's 0.2 percent advance. This is an indicator on the degree to which
inflation may be accompanying the economic recovery.  We had a positive market
response on a tame 0.2 percent rise in the core Producer Price Index released
earlier this week.  Bulls would prefer that today's numbers not surprise to the
upside. Sharing the same time slot, Initial Jobless Claims for the week ending
June 12 are expected to have declined by 10,000; somewhat offsetting the prior
week's surprise 12,000 jump. At 10:00 a.m., May Conference Board Leading
Economic Indicators are seen rising by 0.4 percent, demonstrating a marked
improvement over April's 0.1 percent advance.  Finally, at noon, the June
Philadelphia Fed Index is expected to have risen to 25.0 from May's respectable
23.8 posting.

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

In the fight to protect people and places from terrorist acts, one company is
leading the way on the back of a ringing endorsement from US Homeland Security
Director Tom Ridge. In addition to Ridge's commendation of the company's
ability to secure America through its surveillance cameras, the IPIX cameras
were used at last week's G-8 Summit over a 120-mile area, and may be used at
the 2004 Olympics in Greece should talks be successful. A recent "60 Minutes"
review of security problems at US chemical plants also highlighted a potential
market for IPIX, given Congressman Zach Wamp's desire to see surveillance
cameras deployed throughout the US. And on Tuesday this week, Atex Media
announced the availability of photo ads, powered by IPIX AdMission. Ian Cooper,
head of the Taipan Group's Extreme Volatility Speculator investment service,
thinks his $8.66 entry price on May 26 might be the lowest IPIX sees for a
while. He already sold half the position on June 3, giving his investors a 50%
gain - and is currently holding the second half of the position for a 60%
profit 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
  8:30 a.m.:  May Producer Price Index (seen at plus 0.6 percent, last
              plus 0.7 percent).
  8:30 a.m.:  May Producer Price Core Index, less food and energy (seen at
              plus 0.2 percent, last plus 0.2 percent).
  8:30 a.m.:  Initial Jobless Claims (last plus 12,000).
  10:00 a.m.: May Conference Board Leading Economic Indicators (last
              plus 0.1 percent).
  12:00 p.m.: June Philadelphia Fed Index (last plus 23.8).
  9:15 p.m.:  Chicago Fed Pres Moskow holds a press conference following
              closed speech on the economic outlook before the Econ Club of
              Sheboygan in Kohler, Wis.



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
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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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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