MORNING UPDATE: Man Securities Issues Alerts for BRCD, ANDW, DAL, TSG, and MLNM CHICAGO, Oct. 29 /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 BRCD, ANDW, DAL, TSG, and MLNM, Market Overview, Today's Economic Calendar, and the Quote Of The Day. QUOTE OF THE DAY "No matter how you slice it, you have to be very ecstatic the market is flat given the gains we've had in the last two days." -- Matt Ruane, director of U.S. equities, Calyon Securities New PriceWatch Alerts for BRCD, ANDW, DAL, TSG, and MLNM... PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS ----------- -- Brocade Communications Systems Inc. (NASDAQ:BRCD) Last Price 6.80 - JAN 6.00 CALL OPTION@ $1.05 -> 4.3 % Return assigned* -- Andrew Corp. (NASDAQ:ANDW) Last Price 13.91 - JAN 12.50 CALL OPTION@ $2.00 -> 5 % Return assigned* -- Delta Air Lines Inc. (NYSE:DAL) Last Price 5.72 - NOV 5.00 CALL OPTION@ $1.15 -> 9.4 % Return assigned* -- Sabre Holdings Corp. (NYSE:TSG) Last Price 21.10 - JAN 20.00 CALL OPTION@ $2.05 -> 5 % Return assigned* -- Millennium Pharmaceuticals Inc. (NASDAQ:MLNM) Last Price 12.65 - JAN 12.50 CALL OPTION@ $1.20 -> 9.2 % 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, "Is Your Investment Portfolio Disaster Proof? - Insights, Stocks, And Strategies." go to: http://www.investorsobserver.com/FREEDP NOTE: All stocks and options shown are examples only. These are not recommendations to buy or sell any security. MARKET OVERVIEW Overseas markets are mostly positive today. The European markets appear to be mostly in the green with the Asian market taking an opposing stance. China's interest rate is on center stage affecting markets all across the globe. The FTSE failed to rally on this news as the drop in oil prices pushed down oil shares offsetting advances in other sectors. The Hong Kong HSI dropped as Beijing raised interest rates for the first time in nearly a decade. While the rate hike was small, the markets magnified the impact forcing down Hong Kong blue chips. This rate increase also affected Singapore's Straits Times Index, forcing shares to retreat as businesses and analysts try to evaluate the impact. The November contract on sweet crude oil fell $1.54 yesterday on the New York Mercantile Exchange. While the Chinese interest-rate hike is expected to ease some of the energy demand in that country's wildly expanding economy it has also sparked the sharp fall in oil prices. Heating oil also fell, losing 4.23 cents to close at $1.4532 a gallon. November unleaded gasoline fell 4.29 cents to $1.2932 a gallon. 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 so-called "quiet period" before a company prepares to start trading publicly on the stock market is sometimes a confusing issue. It's this rule that landed Google in trouble with the SEC before it went public. In that case, its founders gave an interview to Playboy magazine beforehand and were later accused of "hyping" the stock. While this rule stops companies from artificially pumping stocks, it often means that small time investors have less access to the information that institutions have at their fingertips. So the SEC has proposed to loosen the strings on the so-called "quiet period" surrounding stock offerings. At the moment, SEC rules temporarily limit what a company can say after filing for an IPO. The proposal, if passed, could allow companies to release more news and information than before. Elsewhere, the People's Bank of China broke a nine-year streak and lifted the one-year interest rate from 5.31% to 5.58% - the first hike since 1995, and a move that will take effect from today. It's a good move too. The rampant pace of economic growth is such that it's putting a pretty severe strain on the infrastructure, with folks having to contend with energy shortages. The decision follows earlier measures to slow an economic growth rate of 9.8%, 9.6% and 9.1% in the first three quarters of 2004 respectively by cutting back investment spending and demanding banks to limit their lending. It also comes as the inflation rate edges its way ever closer to a seven-year high of 5.3%. Inflation was up 5.2% in the year to September. Receive incisive economic/market commentary, profitable advice and access to a network of leading investment exports. Simply follow this link: http://www.investorsobserver.com/agora2 TODAY'S ECONOMIC CALENDAR 8:30 a.m.: Third Quarter Employment Cost Index (last plus 3.9 percent) 8:30 a.m.: Third Quarter Advanced (first of three estimates) Gross Domestic Product (GDP) 9:45 a.m.: October Final University of Michigan Sentiment (seen at 94.2 versus preliminary reading of 87.5) 10:00 a.m.: October Chicago Purchasing Mgmt Index (last 61.3) 1:00 p.m.: Chicago Federal Reserve President Moscow speaks before "2004 Headquarters and Cities Agenda" in Chicago 2:00 p.m.: Federal Reserve Vice Chairman Ferguson speaks on the neutral interest rate at University of Connecticut Business School in Hartford 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 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 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 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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