CECO CECO Environmental Corporation

MORNING UPDATE: Man Securities Issues Alerts for INTC, SGP, CECO, VOD, and SWIR CHICAGO, June 23 /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 INTC, SGP, CECO, VOD, and SWIR, Market Overview, Today's Economic Calendar, and the Quote Of The Day. QUOTE OF THE DAY "I think we're having the summer doldrums a little early this year." -- Neil Massa, equity trader, John Hancock Funds New PriceWatch Alerts for INTC, SGP, CECO, VOD, and SWIR... PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS ----------- -- Intel Corp. (NASDAQ:INTC) Last Price 28.04 - OCT 27.50 CALL OPTION@ $2.05 -> 5.8 % Return assigned* -- Schering-Plough Corp. (NYSE:SGP) Last Price 17.75 - NOV 17.50 CALL OPTION@ $1.35 -> 6.7 % Return assigned* -- Career Education Corp. (NASDAQ:CECO) Last Price 58.58 - AUG 50.00 CALL OPTION@ $10.70 -> 4.4 % Return assigned* -- Vodafone Group, Plc (NYSE:VOD) Last Price 22.60 - OCT 22.50 CALL OPTION@ $1.25 -> 5.4 % Return assigned* -- Sierra Wireless Inc. (NASDAQ:SWIR) Last Price 32.12 - JUL 30.00 CALL OPTION@ $3.40 -> 4.5 % 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 once again demonstrating some divergence from U.S. futures trade, seemingly hanging their hats on the strong finish is U.S. markets of yesterday. Currently 12 of the 15 markets that we track are positive. The cumulative average return on the group stands at a positive 0.341 percent. The Mortgage Bankers Association (MBA) Refinancing Index for the week ending June 19 resumed its decline posting a minus 1.7 percent. Recall that in the prior week an 8.5 percent rise broke a five-week string of declines. The MBA Purchase index managed a 1.1 percent rise, supporting the MBA Market index at a positive 0.1 percent. I am afraid that's all we got as the market continues to consolidate, transfixed upon next week's Federal Open Market Committee meeting. With just one week left in this quarter, there seems to be too much uncertainty for portfolio managers to make major shifts at this point in time. Bed Bath & Beyond (BBBY), FedEx Corp. (FDX) and Micron Tech (MU) represent the key earnings reports on tap for today. 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 Despite OPEC increasing oil production by 2.5 million barrels per day by August, the U.S. is still looking at an oil crisis. When you consider the world currently consumes about 80 million barrels of oil per day, that means by next August OPEC will have given the world 912 extra million barrels to plow through. If we keep this usage up, 29.2 billion barrels will be emptied by August of 2005. OPEC's addition was a drop in the ocean, so there's a major problem. This is a good time to be watching the volume charts of oil companies, as this kind of information can often lead to some pretty lucrative profits. The trading adage "volume leads price" applies particularly well here, because for investors, fear translates to profits. Speculating in small oil and gas stocks is one of the best ways to cash in on the oil supply/demand crunch. Fortunes will be made over the next 12-24 months trading oil stocks. The Taipan investment group's William Colburn has already proved there's money to be made from the oil industry using this trading strategy. Since advising his readers to buy shares of small-cap oil company PetroQuest at $3.35 in late May, he's watched the stock climb steadily to close Tuesday at $4.17 - a 24% gain in less than a month. 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 the week ending June 19 (last plus 8.5 percent). 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 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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