CVTX CV Therapeutics (MM)

MORNING UPDATE: Man Securities Issues Alerts for NT, CVTX, LLTC, IDTI, And CMTL CHICAGO, Dec. 9 /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 NT, CVTX, LLTC, IDTI, and CMTL, Market Overview, Today's Economic Calendar, and the Quote Of The Day. QUOTE OF THE DAY "The stock market seems to want to test 10,000 by the end of this year. It looks like we could test 10,000 early in the day and then we will see if we can hold it." -- Bob Basel, senior listed trader, Citigroup New PriceWatch Alerts for NT, CVTX, LLTC, IDTI, and CMTL... PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS -- Nortel Networks Corp. (NYSE:NT) Last Price 4.28 - MAR 4.00 CALL OPTION@ $0.65 -> 10.2 % Return assigned* -- CV Therapeutics Inc. (NASDAQ:CVTX) Last Price 12.21 - JAN 10.00 CALL OPTION@ $2.65 -> 4.6 % Return assigned* -- Linear Technology Corp. (NASDAQ:LLTC) Last Price 40.96 - JAN 40.00 CALL OPTION@ $2.60 -> 4.3 % Return assigned* -- Integrated Device Technology, Inc. (NASDAQ:IDTI) Last Price 17.20 - FEB 15.00 CALL OPTION@ $2.90 -> 4.9 % Return assigned* -- Comtech Telecommunications Corp. (NASDAQ:CMTL) Last Price 27.17 - JAN 25.00 CALL OPTION@ $3.50 -> 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, "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 seem desirous to pare yesterday's losses, as 13 of the 15 markets that we track are currently positive. The cumulative average return on the group stands at a positive 0.497 percent. Good news out of Japan as October Machinery Orders came in above expectations. Core machinery orders rose by 17.4 percent on the month and were higher by 23.1 percent on a year- over-year basis. The rise surpassed estimates for a 4.9 percent monthly increase and broke a string of three consecutive monthly declines. I am not sure how much of an offset this figure will ultimately have in the face of Japan's revised third quarter Gross Domestic Product (GDP). Yesterday evening Japan's Q3 GDP was revised to plus 0.3 percent from the last estimate of plus 0.6 percent as business spending slowed in the quarter. Before the market open today, two reports on the health of the retailing sector during this most important time of the year will be released. We may get a feel for the potential loss in revenue caused by the storms that ravaged the East coast. Retailers do not need Mother Nature interfering with their "plan" as both reports showed declines in the prior week. The BTM-UBS Chain Store Sales declined by 0.1 percent, while the Redbook Retail Sales index declined by 2.8 percent. At 9:00 a.m., Mr. Greenspan and company should call to order the Federal Open Market Committee Meeting. At 2:15 p.m., the Federal Open Market Committee Meeting Interest rate decision is expected. Fed Funds traders currently discount for a zero percent change in short term interest rates. What they can't show you is the market expectation for a statement on Fed policy. As always, watch that first "tick" following the release of the statement. That seems to work well as the market signals its ultimate direction into the close. 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 TODAY'S ECONOMIC CALENDAR 7:45 a.m.: BTM-UBS Chain Store Sales for the week of December 6 (last minus 0.1 percent). 8:55 a.m.: Redbook Retail Sales for the week of December 6 (last minus 2.8 percent). 9:00 a.m.: Federal Open Market Committee Meeting begins. 10:00 a.m.: November Richmond Fed Manufacturing Index (last plus 20). 10:00 a.m.: October Wholesale Trade (seen at plus 0.2 percent, last plus 0.4 percent). 2:15 p.m.: Federal Open Market Committee Meeting Interest rate decision expected. 6:30 p.m.: ABC News/Money Magazine Consumer Confidence Index (last minus 11). 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.mansecurities.com/mu.html . 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 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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