CECO CECO Environmental Corporation

MORNING UPDATE: Man Securities Inc. Issues Alerts for NTAP, DE, IPG, IMH, and CECO CHICAGO, Feb. 16 /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 NTAP, DE, IPG, IMH, and CECO, Market Overview, Today's Economic Calendar, and the Quote Of The Day. QUOTE OF THE DAY "The stage is set for further economic expansion and I expect inflation will remain modest as it has for a good number of years now." -- Gary Stern, President, Minneapolis Federal Reserve Bank. New PriceWatch Alerts for NTAP, DE, IPG, IMH, and CECO... PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS -- Network Appliance Corp. (NASDAQ:NTAP) Last Price 34.36 - JUN 30.00 CALL OPTION@ $6.00 -> 5.8 % Return assigned* -- Deere & Co. (NYSE:DE) Last Price 66.10 - JUN 65.00 CALL OPTION@ $3.90 -> 4.5 % Return assigned* -- Interpublic Group (NYSE:IPG) Last Price 13.44 - JUL 12.50 CALL OPTION@ $1.60 -> 5.6 % Return assigned* -- Impac Mortgage Holdings, Inc. (NYSE:IMH) Last Price 20.15 - APR 20.00 CALL OPTION@ $1.05 -> 4.7 % Return assigned* -- Career Education Corp. (NASDAQ:CECO) Last Price 39.21 - APR 35.00 CALL OPTION@ $6.10 -> 5.7 % 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, Applied Materials Inc., Coca-Cola Co., and Audible Inc. lead the list of companies with the most news stories while Ultimate Electronics Inc. and Moody's Corp. are showing a spike in news. Network Appliance Corp., Applied Materials Inc., and Petrofund Energy Trust have the highest srtIndex scores to top the list of companies with positive news while BE Aerospace Inc. and Eyetech Pharmaceuticals Inc. lead the list of companies with negative news reports. McAfee 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 decidedly lower this morning with only two of the 15 markets that we track currently in positive territory. In Europe, the Frankfurt DAX is currently down 0.45 percent while the London FTSE is lower by 0.14 percent. In Asia, the Japanese Nikkei closed the session down 0.38 percent. The economic calendar today is quite full and includes reports on January housing starts, industrial production, and capacity utilization. In addition, Fed Chairman Greenspan will begin the first day of a two-day testimony before Congress in which he will talk about the current state of the U.S. economy. 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 Commerce Department confirmed the theory that January is the weakest month of the year for retailers. The figures showed a sharp pullback last month, compared with December 2004. As consumers decreased their spending after the holiday buying season, sales slipped 0.3% to US$347.7 billion, following a healthy 1.1% gain in December. It was the biggest overall decline since August 2004. The culprit was the unpredictable auto sector, which sputtered badly, sending sales down 3.3% -- the biggest drop since June -- as dealers reduced incentives and consumers felt compelled to pay off credit card debt rather than buy a new car. That combination contributed to a large downward correction from the 4% sales gain posted in December. Even regular top performers struggled to sell vehicles. Honda endured a poor 10% sales fall, while Toyota sales slipped 2%. Fortunately, fellow Japanese manufacturer Nissan enjoyed a 6% rise. As for the American companies, Ford couldn't break its depressing streak, with sales declining for the eighth straight month in January, this time by 12%. And while General Motors took a slight gain, the company still said inventories are too high and announced a further 2% production cutback, bringing the total over the past year to 9%. Investors are also concerned about a possible downgrade to GM's credit rating from Standard and Poor's later this year. This has Lehman Brothers moving to adjust its credit rating parameters by July to avoid doing the same -- a situation that could rattle the corporate bond market and bring investor risk tolerance down from current high levels. Excluding the dire auto sales results, retail sales rose 0.6%. That was slightly higher than economists' forecasts, with apparel sales posting a strong 1.8% gain. Over the past 12 months, retail sales have climbed 7.2% following a 3.8% gain in consumer spending last year -- the most since 2000. Economists believe that figure will slow slightly to around 3.5% this year. 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 week ending February 12 (last plus 7.8 percent) 8:30 a.m.: January Housing Starts (last plus 10.9 percent) 9:15 a.m.: January Indus Production (last plus 0.8 percent) 9:15 a.m.: January Capacity Utilization (last 79.2 percent) 10:00 a.m.: Fed Chairman Greenspan delivers semi-annual monetary report to US Senate Banking panel in Washington 10:00 a.m.: Treasury Secretary Snow speaks at President's Advisory Panel on Federal Tax Reform meeting in Washington 10:00 a.m.: Asst Treasury Secretary Zarate testifies on terror financing before US House Financial Services panel in Washington 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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