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MORNING UPDATE: Man Securities Issues Alerts for NXTL, PSUN, UCBH, SPOTR, And SLXP.

Publication: PR Newswire
Publication Date: 11-APR-03 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
CHICAGO -- CHICAGO, April 11 /PRNewswire/ -- Man Securities issues the following Morning Update at 8:30 AM EDT with new PriceWatch Alerts for key stocks.

(Photo: http://www.newscom.com/cgi-bin/prnh/20020214/MANSECLOGO )

Before the open ... PriceWatch Alerts for NXTL, PSUN, UCBH, SPOTR, and SLXP Put/Call Alert, FuturesWatch, Today's Economic Calendar, and the Quote Of The Day.

QUOTE OF THE DAY

"Institutions have started to put some money to work whenever there is any kind of selloff. They are getting the sense that companies have done enough cost cutting that we should start seeing improved earnings in the second half of the year."

-- Tim Heekin, director of trading, Thomas Weisel Partners New PriceWatch Alerts for NXTL, PSUN, UCBH, SPOTR, and SLXP ... PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS ----------- -- Nextel Communications Inc. Last Price 11.95 - AUG 10 CALL OPTION@ $3.00 -> 11.7 % Return assigned* -- Pacific Sunwear of California Inc. Last Price 21.21 - JUN 20 CALL OPTION@ $2.30 -> 5.8 % Return assigned* -- UCBH Holdings Last Price 23.99 - JUN 25 CALL OPTION@ $0.7 -> 6.2 % Return assigned* -- PanAmSat Corp. Last Price 15.08 - AUG 15...

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