ERES East Resources Acquisition Company

MORNING UPDATE: Man Securities Issues Alerts for SINA, DISH, BLS, ERES, And BBY CHICAGO, Nov. 12 /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 SINA, DISH, BLS, ERES, and BBY, Market Overview, Today's Economic Calendar, and the Quote Of The Day. QUOTE OF THE DAY "The economic data in the United States, and maybe in Europe as well has turned positive, and the market hasn't. That says to me that an awful lot of the good news is already priced into the market." -- John Davidson, president, Partner Re Asset Management Corp. New PriceWatch Alerts for SINA, DISH, BLS, ERES, and BBY... PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS ----------- -- SINA Corp. (NASDAQ:SINA) Last Price 35.26 - NOV 35.00 CALL OPTION@ $1.75 -> 4.4 % Return assigned* -- EchoStar Comm. Corp. (NASDAQ:DISH) Last Price 32.05 - JAN 30.00 CALL OPTION@ $3.40 -> 4.7 % Return assigned* -- BellSouth Corp. (NYSE:BLS) Last Price 25.70 - APR 25.00 CALL OPTION@ $2.05 -> 5.7 % Return assigned* -- eResearchTechnology, Inc. (NASDAQ:ERES) Last Price 37.45 - DEC 35.00 CALL OPTION@ $4.70 -> 6.9 % Return assigned* -- Best Buy Co. Inc. (NYSE:BBY) Last Price 59.50 - DEC 60.00 CALL OPTION@ $2.40 -> 5.1 % 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, "WiFi - The Buzz, The Facts, and a Company That Could Be The Next Microsoft", go to: http://www.investorsobserver.com/freewifimu NOTE: All stocks and options shown are examples only. These are not recommendations to buy or sell any security. MARKET OVERVIEW Overseas markets are struggling to prevent a third session of losses, as just six of the 15 markets that we track are currently positive. The cumulative average return on the collaborative stands at a plus 0.082 percent. Over in the United Kingdom, wages continued to rise in the third quarter after the U.K.'s unemployment rate fell to its lowest level since July 1975. Average earnings rose by 3.6 percent compared with 3.4 percent in Q2. That was slightly higher than the 3.5 percent forecast by economists. The Bank of England has in the past considered 3.5 percent to be the pivotal rate at which earnings begin to stoke inflation in the wider economy. The MBA Refinancing Index is due out before the market open today, and traditionally goes unnoticed by the market. For the record, however, the index rose by 0.3 percent in the prior week. At 11:45 a.m., Treasury Secretary Snow tours the Intel facility in Rio Rancho, New Mexico and nothing is expected from that event unless he breaks something. No, I am afraid that there is very little during the session to whet your appetites. On the earnings calendar we have several more retailers and a homebuilder. But after the market close, possibly a little excitement as Applied Materials is scheduled to step up and present its fourth quarter earnings numbers. The Street is looking for a bottom line figure of five-cents per share. This could be a key report for the Semiconductor grouping in general. After all the PHLX Semiconductor Index as of yesterday's close, is higher by 77.6 percent year-to-date. Watch the airline sector today as traders respond to a Delta Airlines profit warning. 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 7:00 a.m.: MBA Refinancing Index (last plus 0.3 percent). 11:45 a.m.: Treasury Secretary Snow tours Intel Corp. facility in Rio Rancho, New Mexico. 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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