PDG Placer Dome

MORNING UPDATE: Man Securities Inc. Issues Alerts for SINA, RHAT, X, PDG, and FD CHICAGO, Feb. 23 /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 SINA, RHAT, X, PDG, and FD, Market Overview, Today's Economic Calendar, and the Quote Of The Day. QUOTE OF THE DAY "This distressing news about oil prices is really nagging at investors." -- Joseph Battipaglia, chief investment officer, Ryan Beck & Co. New PriceWatch Alerts for SINA, RHAT, X, PDG, and FD... PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS -- SINA Corp. (NASDAQ:SINA) Last Price 28.42 - APR 25.00 CALL OPTION@ $4.40 -> 4.1 % Return assigned* -- Red Hat Inc. (NASDAQ:RHAT) Last Price 11.15 - JUN 10.00 CALL OPTION@ $1.95 -> 8.7 % Return assigned* -- U.S. Steel Group (NYSE:X) Last Price 56.29 - APR 55.00 CALL OPTION@ $4.10 -> 5.4 % Return assigned* -- Placer Dome Inc. (NYSE:PDG) Last Price 18.99 - JUN 17.50 CALL OPTION@ $2.20 -> 4.2 % Return assigned* -- Federated Dept. Stores (NYSE:FD) Last Price 55.29 - MAY 55.00 CALL OPTION@ $3.20 -> 5.6 % 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, "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. NEWS LEADERS AND LAGGARDS So far today, Accredo Health Inc., Lowes Cos. Inc., and Medco Health Solutions Inc. lead the list of companies with the most news stories while Unit Corp. and Williams-Sonoma Inc. are showing a spike in news. Canadian Natural Resources Ltd., AutoDesk Inc., and Performance Food Group Co. have the highest srtIndex scores to top the list of companies with positive news while Martha Stewart Living Omnimedia Inc. and Walter Industries Inc. lead the list of companies with negative news reports. Urban Outfitters Inc. has popped up with a high positive news sraIndex score. For the FREE article titled, "Earnings Season Decoded - An Essential 15 Point Checklist For Finding Winning Stocks." go to: http://www.wallstreetsecretsplus.com/go/freemu/ MARKET OVERVIEW Overseas markets are significantly lower in trading this morning. All 15 markets that we track are currently in negative territory. In Europe, the London FTSE is down 1.07 percent, while the Paris CAC is lower by 1.00 percent. In Asia, the Japanese Nikkei dropped 0.84 percent and the Hong Kong Hang Seng slid 0.94 percent. All eyes will be on the CPI number that is set to be released this morning. This is the most widely followed measure of inflation, which thus far in the recovery has been kept at bay. Should the number come in much higher than expected, the equity markets could respond rather negatively. In addition, the FOMC will release the minutes from its previous meeting this afternoon. 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 No sooner does Federal Reserve chairman Alan Greenspan appear before the Senate Banking Committee to declare that inflation is "well anchored ... " core producer prices shockingly jump 0.8% in January -- the biggest monthly rise since December 1998. And no sooner does the Presidents Day weekend conclude and Americans return to work ... crude oil prices soar US$2.80 (5.8%) to close at US$51.15 per barrel in New York. It was the first time prices had breached the US$50 level since November 2004, and comes after several weeks of declining prices, amid some recent frigid weather in the US and Europe, as well as a weaker dollar that just dropped to a five-week low against the euro. Greenspan might believe US inflation "well anchored," but the oil market proved otherwise on Tuesday. Recent indications suggest the Fed is contemplating setting an inflation target like the Bank of England. Despite Greenspan's view that inflation targets are notoriously difficult to adhere to, last week the bankers released forecasts that call for inflation to remain between 1.5% and 1.75% over the next two years. However, the introduction of a formal inflation target isn't likely to come into operation until after Greenspan retires in 2006. Meantime, this two-year projection appears to be the "bridge" to that decision, with minutes from the Fed's last meeting showing that an inflation target is a very real possibility for the next chairman to oversee. The rise of crude oil prices mean the recent declining trend for US gasoline prices is likely to end. 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 7:00 a.m.: MBA Refinancing Index for last week (last +4.1%) 7:45 a.m.: ICSC-UBS Store Sales Index for last week (last +0.1%) 8:30 a.m.: January CPI (last -0.1%) 8:30 a.m.: January CPI, ex-food and energy (last +0.2%) 8:55 a.m.: Redbook Retail Sales Index for last week (last +0.5%) 1:40 p.m.: Atlanta Fed Pres Guynn speaks on the economic outlook before the Rotary Club in Birmingham, Alabama 2:00 p.m.: February FOMC minutes Man Securities Inc. 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. CRD# 6731 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: John Gannon of Man Securities Inc., +1-800-837-6212 Web site: http://www.mansecurities.com/mu.html

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