FRX Forest Road Acquisition Corp

MORNING UPDATE: Man Securities Issues Alerts for EMC, IBM, MCD, FRX, and MO CHICAGO, Oct. 19 /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 EMC, IBM, MCD, FRX, and MO, Market Overview, Today's Economic Calendar, and the Quote Of The Day. QUOTE OF THE DAY "I think the mantra 'buy the dips' is still firmly in place." -- Aaron Kildow, broker, Prudential Financial Inc. New PriceWatch Alerts for EMC, IBM, MCD, FRX, and MO... PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS -- EMC Corp. (NYSE:EMC) Last Price 12.15 - JAN 11.00 CALL OPTION@ $1.65 -> 4.8 % Return assigned* -- International Business Machines (NYSE:IBM) Last Price 85.92 - APR 85.00 CALL OPTION@ $4.80 -> 4.8 % Return assigned* -- McDonald's Corp. (NYSE:MCD) Last Price 29.20 - JAN 30.00 CALL OPTION@ $0.65 -> 5.1 % Return assigned* -- Forest Labs (NYSE:FRX) Last Price 46.37 - JAN 45.00 CALL OPTION@ $4.00 -> 6.2 % Return assigned* -- Altria Group (NYSE:MO) Last Price 47.40 - DEC 47.50 CALL OPTION@ $1.90 -> 4.4 % 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 performing quite well this morning as all 15 of the markets that we track are currently in positive territory. The cumulative average return on the group stands at a positive 1.081 percent. August industrial production in the 12 countries comprising the Euro-Zone declined in August. Production declined by 0.6 percent from July, but rose by 1.5 percent versus August 2003. Analysts were anticipating readings of minus 0.8 percent and plus 1.8 percent respectively. Before the start of regular trade today the pair of reports on the health of the retail sector will be released. ICSC/UBS Chain Store Sales for the week ending October 9 rose by 0.5 percent, while Redbook Retail Sales for the same period advanced by 0.7 percent. It has been said that this Halloween selling season thus far has been a record breaker and could well bolster this week's reports. At 8:30 a.m., September Housing Starts are expected to have declined by 2.8 percent versus the 0.6 percent advance posted in August. A potential rationale for the anticipated decline would be hurricane related schedule disruptions in the southern tier states. Sharing the pre-market time slot the September Consumer Price Index (CPI) is expected to have remained tame with a 0.1 percent advance, matching the prior month's 0.1 percent rise. The core index (less food and energy) is seen at plus 0.1 percent on a comparable 0.1 percent rise in August. To break up our mid-morning, Federal Reserve Board Chairman Greenspan speaks at 10:00 a.m. on the mortgage market and consumer debt before America's Community Bankers meeting in Washington. For a brief period last week, his words assuaged the market on the price of oil. Will he attempt to apply the soothing salve yet again today? Later in today's session we have appearances scheduled for Federal Reserve Governor Olson, St. Louis Federal Reserve President Poole, and U.S. Treasury Snow. 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 Securities and Exchange Commission has already proclaimed it an "uphill fight." So look for corporate regulation to get tougher in the coming months. However, now that regulation isn't simply restricted to companies -- it applies to the actual stock market regulatory bodies too. SEC Chairman William Donaldson recently announced measures to bring America's stock markets in line with the companies listed on them in a bid to crack down on corporate mischief. Donaldson believes the same rules should apply to all, rather than distinguishing between the governing bodies and companies. This means a range of so-called "sensitive" information like executive pay would have to be disclosed by the markets' regulatory bodies, as well as companies -- a proposal that comes in the wake of last year's scandal over former NYSE chief Richard Grasso's pay package. SEC officials are currently working on other proposals that will soon be put to a five-man commission and thereafter be subject to a vote. This would add to a broad range of measures enacted after the collapse of Enron and others, as well as boosting the staff at the SEC. Donaldson also reminded investors to exercise their rights as shareholders and keep companies in line. 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 7:45 a.m.: ICSC/UBS Chain Store Sales for the week ending October 16 (last plus 0.5 percent). 8:30 a.m.: September Housing Starts (last plus 0.6 percent). 8:30 a.m.: September Consumer Price Index (CPI) (seen at plus 0.1 percent, last plus 0.1 percent). 8:30 a.m.: September CPI core Index (less food and energy) (seen at plus 0.1 percent, last plus 0.1 percent). 8:55 a.m.: Redbook Retail Sales for the week ending October 16 (last plus 0.7 percent). 10:00 a.m.: U.S. Treasury Secretary Snow holds roundtable with business leaders and U.S. Rep. Pitts, R-Pa., in Lancaster, Pennsylvania. 10:00 a.m.: Federal Reserve Board Chairman Greenspan speaks on the mortgage market and consumer debt before America's Community Bankers meeting in Washington. 12:30 p.m.: Federal Reserve Governor Olson speaks on banking industry trends at Widener University lecture in Chester, Pennsylvania. 1:00 p.m.: St. Louis Federal Reserve President Poole speaks at Delta State University in Cleveland, Mississippi. 2:00 p.m.: U.S. Treasury Snow holds roundtable at Sechan Electronics in Lititz, Pennsylvania. 6:30 p.m.: ABC/Money Magazine Consumer Confidence Index for the week ending October 16 (last minus 11). 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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