GLW Corning Inc

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: 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 247profits.com: You'll get exclusive financial commentary, access to a global network of experts and undiscovered stock alerts. Register NOW for the FREE 247profits e-Dispatch. Go to: http://www.investorsobserver.com/agora Schaeffer's Investment Research - Sign up foryour 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 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. http://www.newscom.com/cgi-bin/prnh/20020214/MANSECLOGO http://photoarchive.ap.org/ DATASOURCE: Man Securities CONTACT: Michael Lavelle of Man Securities, +1-800-837-6212 Web site: http://www.mansecurities.com/mu.html

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