MORNING UPDATE: Man Securities Issues Alerts for JNPR, MER, ELN,

                     ANPI, and HRB 
  CHICAGO, June 12 /PRNewswire/ -- Man Securities issues the following
Morning Update at 8:30 AM EDT with new PriceWatch Alerts for key stocks. 
(Logo: ) 
  Before the open... PriceWatch Alerts for JNPR, MER, ELN, ANPI, and HRB,
Investor Insights, Today's Economic Calendar, and the Quote Of The Day. 
"You have to be impressed the market has held up in recent days despite
continued economic uncertainty and now, higher oil prices.  The fact that
investors have been unwilling to sell into the current rally and take profits
suggests that higher prices may be ahead." 

    -- Michael Sheldon, Chief Market Strategist, Spencer Clarke
      New PriceWatch Alerts for JNPR, MER, ELN, ANPI, and HRB...
    -- Juniper Networks Inc. (Nasdaq: JNPR)
       Last Price 13.52 - JUL 12.50 CALL OPTION@ $1.75 -> 6.2 % Return
    -- Merrill Lynch & Co. Inc. (NYSE: MER)
       Last Price 47.34 - OCT 45.00 CALL OPTION@ $4.60 -> 5.3 % Return
    -- Elan Corp. Plc (NYSE: ELN)
       Last Price 8.07 - JUL 7.50 CALL OPTION@ $1.10 -> 7.6 % Return assigned*
    -- Angiotech Pharmaceuticals, Inc. (Nasdaq: ANPI)
       Last Price 35.37 - JUL 35.00 CALL OPTION@ $3.10 -> 8.5 % Return
    -- H&R Block Inc. (NYSE: HRB)
       Last Price 43.98 - OCT 40.00 CALL OPTION@ $6.00 -> 5.3 % Return

  * For our report, "5 Dividend Paying Stocks With Double Digit Returns", go
  ** Read the latest Stock Market Outlook to find out how to position your
portfolio for the months ahead.  Answer a few survey questions and the report
is yours for FREE. Go to: 
  NOTE: All stocks and options shown are examples only.  These are not
recommendations to buy or sell any security. 
Is its dividend eligible for President Bush's 15 percent tax rate or not?
That's the question many income investors are asking about their investments
now, with the idea of dumping what doesn't qualify for what does.
Unfortunately, most would be better off not asking the question at all. 
For one thing, every investment that does qualify has rallied, in some
cases very strongly, in the weeks since Wall Street became aware of the tax
cut's terms.  There may be unbid bargains left, but they're likely more scarce
than a July snowman in lower Manhattan.  Second, the capital trust preferreds,
real estate investment trusts, limited partnerships and other investments
"left out" of the tax cut still enjoy a huge yield advantage over most newly
tax-advantaged common stock dividends.  In fact, that advantage has widened as
investors have desperately bid up advantaged common and preferred stocks.
Third, a 15 percent tax rate on dividends will be more easily defended than
complete elimination when it comes up for renewal in 2007.  But it's as
uncertain as anything else coming out of Washington D.C.  In fact, betting on
tax policy rather than seeking out stocks with strong fundamentals is a time-tested way to go broke. Don't be among those to fall into the trap this time
  ** Are you looking for an edge that will take your trading to a higher
level?  Sign up for a free Better Trades instructional classroom.  For more
details and a classroom schedule, go to: 

    8:30 a.m.:  April Business Inventories (seen plus 0.2 percent, last plus
                0.4 percent).
    8:30 a.m.:  Initial Jobless Claims for the week ending June 7 (seen minus
                21,000, last plus 16,000).
    8:30 a.m.:  May Import Price Index (last minus 2.7 percent).
    8:30 a.m.:  May Retail Sales (seen unchanged, last minus 0.1 percent).
    8:30 a.m.:  May Retail Sales, less autos (seen plus 0.2 percent, last
                minus 0.9 percent).
    10:00 a.m.: DJ-BTM Business Barometer (last minus 0.2 percent).
    12:00 p.m.: Treasury Secretary Snow presides at ceremony retiring Brady
                bonds in Mexico City.

  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 . 
  This Morning Update was prepared with data and information provided by: - 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: is your source for trading instructors and strategy
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  Schaeffer's Investment Research -- Sign up for your FREE e-weekly, Monday
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  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: 
  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 .  Privacy policy
available upon request.

SOURCE  Man Securities 

    -0-                             06/12/2003
    /CONTACT:  Michael Lavelle of Man Securities, +1-800-837-6212/
    /Photo:  NewsCom:
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CO:  Man Securities; Juniper Networks Inc.; Merrill Lynch & Co. Inc.; Elan 
 Corp. Plc; Angiotech Pharmaceuticals, Inc.; H&R Block Inc.
ST:  Illinois
-0- Jun/12/2003 14:04 GMT
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