, and MCI
Inc. lead the list of companies
with negative news reports. What causes most concern,
however, is the revelation from OPEC that it has "done all it can do" and has
lost control of oil prices. This is a scenario that
will likely shove prices to US$60, and probably even higher .investorsobserver. Stocks and options involve risk and are not
suitable for all investors and investing in options carries substantial risk.

About the 800 MHz Transition Administrator, LLC

800 MHz Transition Administrator, LLC ("TA LLC") is the Transition
Administrator ("TA") for the reconfiguration of the 800 MHz band mandated by
the Federal Communications Commission ("FCC" ).

Burning Man is an annual festival held in the high desert wilderness of northern Nevada.

enormous pokes

..

QUOTE OF THE DAY
"Inflation is really spooking the market in a way that it hadn't before.

5 % Return
assigned*
-- Goodyear Tire + Rubber Co. While some say global demand has now officially
outweighed the pace at which production can keep up (rising by two millions
barrels per day, thanks largely to China and India's insatiable demand), with
only Saudi Arabia believed to have any spare capacity left, others are more
skeptical.investorsobserver. 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. The Federal Communications Commission ("FCC ") issued a related
Public Notice on May 27, 2005
(http://hraunfoss. To learn more about
the RPP, the reconfiguration Waves, or to identify the assigned "Wave" for a
given license or call sign , please visit the TA's website at
http://www.

aware pokes

PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS
-- General Motors Corp.35 - APR 35.146
percent. Looking across the pond, the FTSE 100 index finished at 4932.9 million bpd.: March Philadelphia Fed Business Index

Actively track stocks with Quote.com/MUQuote1

Man Securities Inc.pdf).

laid degradation

80 -> 4.investorsobserver.cboe .org or (888) 800-8220.

sisterhood propaganda

.InvestorsObserver.
Investors weren't smiling yesterday, even after the positive news from
OPEC.
This news sent negativity spreading like wildfire through the three indexes as
the Dow, S+P 500, and the Nasdaq Composite all gave ground." Wednesday's turbulent activity comes just days after the
International Energy Administration said global oil demand will hit 83.4% growth in consumption last year - the biggest
annual gain since 1976.investorsobserver. TA LLC uses information it receives
solely for the purposes of administering the 800 MHz reconfiguration process
and may disclose such information to the FCC or other authorized parties
pursuant to the requirements of the 800 MHz Order or other applicable laws.

Each year around Labor Day, thousands of artists, performers and free spirits converge for a week-long celebration that culminates in the ritual burning of an enormous human effigy.

hatred stretching

(Logo: http://www.com/poweropt

All stocks and options shown are examples only. Wave 1 of the Regional Prioritization Plan Set to Begin on
June 27, 2005 for non-NPSPAC Licensees

WASHINGTON, The 800 MHz Transition Administrator
("TA") today announced that Wave 1, Stage 1 reconfiguration will start on June
27, 2005 as previously scheduled in the Regional Prioritization Plan ("RPP"). This package was mailed to the address on file
with the FCC.

burningman imagination

(Nasdaq: CECO)
Last Price 36.wallstreetsecretsplus. GM now expects a first-quarter loss of
$1." That aside, and although Saudi Arabia has already
announced it will lift its own production later this year in order to cope
with another spike in demand from the Chinese , some independent analysts
believe there will be no excess capacity left by 2006.00 a.00 p. Sign Up Now
http://www.

* A separate package will be mailed to Wave 1, Stage 1 licensees,
containing the TA's frequency proposals for licensees' affected call
signs.L. Among its duties, the TA establishes
reconfiguration guidelines, specifies replacement channels, reviews
reconfiguration cost estimates, monitors payment of reconfiguration costs,
manages the relocation schedule, facilitates issue resolution and administers
the alternate dispute resolution process.

imagination enormous

Steel Group (NYSE: X)
Last Price 55.04 - JUL 12.9 % Return
assigned*
-- Bear Stearns Companies Inc.com/go/freemu/

MARKET OVERVIEW
Overseas markets are looking a tad weak, as 2 of the 15 that we track are
currently higher with the cumulative average return standing at negative 0.com/freemo

PowerOptionsPlus - The Best Way To Find, Compare, Analyze, and Make Money
On Options Investments.investorsobserver.

* Licensees in Waves 2 through 4 will receive information packages before
the start dates of their reconfigurations.

deconstruction transferred

13 - JUL 100. Kuwait's Energy
Minister Ahmed Fahad Al-Ahmad Al-Sabah said today that prices are currently
"unsustainable. 800 MHz licensees in the 806-809 MHz/851-854 MHz
band, also known as "Channels 1-120," are considered Stage 1 or non -NPSPAC
licensees.

As required by the FCC, the TA developed a RPP that lists the order in
which the 55 800 MHz NPSPAC regions will start the process of reconfiguration. Within each NPSPAC region, Channels 1-120 ("Stage 1")
frequencies must relocate prior to NPSPAC frequencies. TA LLC has contracted with
BearingPoint, Inc.

Participants build a temporary community in the Black Rock Desert, and call it Black Rock City.

degradation sisterhood

0 % Return
assigned*
-- Career Education Corp.

S.50 CALL OPTION@ $2.investorsobserver.K.

800 MHz licensees should be aware of the following:

* On May 3, 2005, the TA sent all Wave 1 licensees a reconfiguration
information package.org.

propaganda laid

(NYSE: GM)
Last Price 29. Quoted on MSNBC, Senator Ron Wyden said, "Nobody knows what their
[OPEC's] capacity is.3
million barrels per day (bpd) this year - 330,000 bpd faster than originally
estimated. For a Free 30
day trial go to: http://www.investorsobserver.fcc.org .

effigy amusing

20 -> 5. and Winnebago Industries Inc.m.gov/edocs_public/attachmatch/DA-05-1546A1. Completed Frequency Proposal Reports (FPRs) will be mailed to
the address on file with the FCC prior to June 27 , 2005.

converge transferred

01 - SEP 25. Despite the cartel's decision to raise its daily output, oil did no
favors for the market. The Dow dropped to a three-week low after black gold
soared to a new all-time high.

This morning, crude oil futures have continued
to fly, tagging a record high above $57 per barrel .com/freemo

DYNAMIC MARKET OPPORTUNITIES
Despite projections to the contrary, the OPEC oil cartel decided to raise
production after all, pledging to put an additional 500,000 barrels per day on
to the market.investorsobserver. To facilitate this process,
please ensure that your license information on file with the FCC is
current.

peterman panoramas

10 -> 5. These are not
recommendations to buy or sell any security. have the
highest srtIndex scores to top the list of companies with positive news while
Ann Taylor Stores Corp.com/agora2

TODAY'S ECONOMIC CALENDAR
10.m.investorsobserver .

timers transferred

00 CALL OPTION@ $3. (NYSE: GT)
Last Price 14. Research In Motion Ltd., Viacom Inc. For more details and to sign up, go to:
http://www. Privacy policy
available upon request.

800 MHz Transition Administrator Announces Start Date of 800 MHz Wave 1 Reconfiguration

assigned converge

MORNING UPDATE: Man Securities Inc. issues alerts for GM CECO X GT and BSC...

., and Toys R Us Inc. has popped up with a high
positive news sraIndex score.1-percent drop.investorsobserver. Analyze, predict, and stay ahead. Register NOW for the
FREE 247profits e-Dispatch.

stretching hatred

" go to:
http://www. are showing a spike in
news. This follows 3.com/mancd.com/Resources/Intro. Licensees in Waves 2-4 can access the most recent
reconfiguration news by visiting the TA's website at
http: //www.

amusing sisterhood

00 CALL OPTION@ $2.35 -> 6.00 CALL OPTION@ $6.1 % 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.

NEWS LEADERS AND LAGGARDS
So far today, Sprint FON Group, Echostar Communications Corp. lead the list of companies with the most news stories while Amylin
Pharmaceuticals Inc.

Receive incisive economic/market commentary , profitable advice and access
to a network of leading investment exports.
For your free 30-day trial go to: http://www.com/must

Quote.
"Wave 1" licensees are in National Public Safety Planning Advisory Committee
("NPSPAC") regions covering areas including much of the Northeastern United
States, Northern California, Nevada, Oregon, Utah, Colorado and regions around
the greater Chicago area.

propaganda peterman

com/cgi-bin/prnh/20020214/MANSECLOGO )

Before the open. (NYSE: BSC)
Last Price 102." go to:
http://www. General Motors added
extra pressure to the market yesterday , after the nation's number-one
automaker issued a profit warning. CRD# 6731

This Morning Update was prepared with data and information provided by:

InvestorsObserver.com/MUQuote2

247profits.com: You'll get exclusive financial commentary, access to a
global network of experts and undiscovered stock alerts.

The TA's reconfiguration guidance is available at http://www.800TA.

* Licensees receiving FPRs will be contacted by Nextel to begin
reconfiguration negotiations.com.P.

degradation converge

CHICAGO, Man Securities issues the following
Morning Update at 8:30 AM EST with new PriceWatch Alerts for key stocks.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., Italy, Germany, and Spain all announced that
new car registrations declined.com /agora

Schaeffer's Investment Research - Sign up for your FREE e-weekly, Monday
Morning Outlook, Bernie Schaeffer's look ahead at the markets.800TA., Squire, Sanders + Dempsey L.

aware degradation

For the FREE article titled, "Earnings Season Decoded - An Essential 15
Point Checklist For Finding Winning Stocks.50 per share rather than the original forecast for breakeven earnings. China's consumption alone is expected to climb 8%
(500,000 bpd) to 6. Simply follow this link:
http://www.: February Conference Board Leading Econ Indicators
12. To improve your
understanding of option pricing get Man's FREE "Margin/Option Wizard software
at: http://www. Member CBOE/NASD/SPIC.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.
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. to perform the duties of the TA.

peterman aware

10 -> 4.9, a
0.

Be prepared for the investing week ahead with Bernie Schaeffer's FREE
Monday Morning Outlook.

com QCharts - Real time quotes and streaming technical charts to
keep you up with the market.org.

imagination amusing

Of the top
five overseas markets, the U.com's QCharts and get the real time
quotes and streaming technical charts you need to keep up with the market. Go to: http://www.
The RPP defines four "Waves " or groupings of NPSPAC regions to be
reconfigured. If you are a Wave 1 licensee and have not received this
mailing, please contact the TA at comments@800TA.800TA.

The event has also been described as: 'a gathering of people doing weird stuff in the desert'.

converge burning

newscom. PriceWatch Alerts for GM, CECO , X, GT, and BSC, Market
Overview, Today's Economic Calendar, and the Quote Of The Day.com/FREEDP

NOTE: All stocks and options shown are examples only. The European markets were driven lower after automaker BMW
warned about the impact that currency will have on its earnings. France was the only country that saw growth. While this was arguably a good decision, crude prices promptly
raced up to a new record high over US$56 per barrel amid data that showed a
drop in US gasoline and heating oil reserves. Man's in-house broker team offers a level of personal service and
experience unavailable from no-frills discount brokers.asp. If you are a Wave 1, Stage 1 licensee and
do not hear from Nextel, you should contact Nextel at 800MHz@Nextel.

pokes burningman

"
-- Brian Pears, head equity trader, Victory Capital Management

New PriceWatch Alerts for GM, CECO, X, GT, and BSC.00 CALL OPTION@ $5.3 % Return
assigned*
-- U.25 - APR 55. and Mellon Financial Corp. The First American Corp. is one of the world's leading option order execution
firms. For a 14-Day FREE trial and 5 FREE bonuses go to:
http://www. and Baseline Telecom,
Inc.