Jersey City, NJ – September 11, 2007

The LocateStock.com HIGH FIVE for Tuesday, September 11^th are:

5 – Cardica – NASDAQ:CRDC

4 – Indonesia Fund – AMEX:IF

3 – Tarragon Corporation – NASDAQ:TARR

2 – JA Solar Holdings – NASDAQ:JASO

1 – Terremark Worldwide – NASDAQ:TMRK

Cardica, Inc. (NASDAQ:CRDC) designs and manufactures proprietary automated anastomotic systems used by surgeons to perform coronary artery bypass surgery. Its products include C-Port Distal Anastomosis system (C-Port system) and PAS-Port Proximal Anastomosis system (PAS-Port system).

* Cardica was on the downslide on Monday as shares slid 15.32% to $8.40 after A.G. Edwards cut the stock to sell from buy. The analyst said its shares spiked too high after last week's announcement of two pioneering closed-chest bypass surgeries using a Cardica device that automates the attachment of a blood vessel graft to a coronary artery during bypass surgery. Cardica shares rocketed 120 percent last week.

The Indonesia Fund, Inc. (AMEX:IF) operates as a closed-end, nondiversified management investment company. It invests in equity or equity linked securities, and short term investments. The fund's portfolio comprises investment in automotive, banks, building products-cement/aggregate, coal mining and steel, gas distribution, machinery construction and mining, medical drugs, oil field machinery and equipment, real estate operations/development, retail, rubber tires, telecommunications, tobacco, and other sectors.

* Last month marked the 10th anniversary of the start of Asia's financial crisis, when currencies and stock markets plunged and investors fled. Few countries were harder hit than Indonesia, which has Southeast Asia's largest economy. Protestors flooded the streets, ultimately forcing out the dictator Suharto and paving the way for free elections and a more open economy with increased privatization and deregulation. Today, Indonesia looks like a 1990s-era Asian tiger: The Jakarta Composite Index is up 33% this year, and 55% over 12 months -- and has surged nearly tenfold from its mid-1998 Asian-crisis low point. Shares of IF were down 23 cents or 1.96 percent in trading on Monday.

Tarragon Corporation (NASDAQ:TARR) and its subsidiaries engage in homebuilding and real estate development, and real estate service businesses in the United States. It develops, renovates, builds, and markets high and mid-rise condominiums; town homes, traditional new developments, and low-rise condominiums; and low and mid-rise rental apartment communities in the urban locations and communities.

* Last Friday Tarragon saw its shares more than double after the company closed a $69.25 million property sale and reached an agreement with its largest creditor, General Electric Capital, for the reinstatement of more than $550 million of loans. The New York-based developer of multifamily housing jumped 7 cents or 2.43 percent to $2.95 on Monday.

JA Solar Holdings Co., Ltd. ( NASDAQ:JASO) through its subsidiaries, designs, manufactures, and sells solar cells primarily in the People’s Republic of China. It offers mono-crystalline solar cells. The company sells its products primarily through a team of sales and marketing personnel to solar module manufacturers, who assemble and integrate its solar cells into modules and systems that convert sunlight into electricity.

* JA Solar Holdings said Monday it signed a long-term contract to receive silicon wafers from JiangSu Shunda Semiconductor Develop. JA will prepay about $46.4 million in three installments for the monthly deliveries. The company's wafer supply from Shunda will increase over the pact's 41-month duration. JA also said it revised monthly prepayment terms on an existing contract with JingLong Group. Under the revised pact, JA made a $39.8 million prepayment to JingLong on Aug. 31. Shares of JASO rose $1.27, or 3.26 percent, to $40.19.

Terremark Worldwide, Inc. (NASDAQ:TMRK) and its subsidiaries provide colocation, interconnection, and managed services to government and commercial sectors. It provides physical environment necessary to keep a customer's Internet and telecommunications equipment up and running by providing open racks, cabinets, or customized caged floor spaces for the customers' Internet and telecommunications equipment, as well as offers a range of physical security features, including biometric scanners, man traps, smoke detection, fire suppression systems, motion sensors, secured access, video camera surveillance, and security breach alarms.

* On Monday Terremark entered into a definitive material agreement with an SEC Form 8-K: On September 4, 2007, Terremark Worldwide, pursuant to that certain Real Estate Purchase Agreement, dated as of March 9, 2007 (as amended from time to time, the "Purchase Agreement"), by and between certain Sellers party thereto and NAP of the Americas/West, Inc., a Florida corporation and subsidiary of the Company, consummated the acquisition of two parcels of real property consisting of two buildings commonly known as 2970 and 3000 Corvin Drive in Santa Clara, California. Shares of TMRK gained 12 cents or 1.86% to $6.57 on Monday.

The daily HIGH FIVE stocks are determined by the company’s proprietary, internal algorithmic calculators. The result is five securities that are the most sought after to borrow, and have proven to be the hottest stocks to short that day.

LocateStock.com is the premier electronic securities lending company providing revolutionary, real-time, hard-to-borrow stock locates and market data to hedge funds and professional traders seeking an efficient and private way to borrow stock associated with short sales. The Company recently launched LocateStock TV, a daily financial news show that highlights stock inventory that is available for short sellers to legally borrow and stay in compliance with Regulation SHO.

For an in-depth market analysis on each individual, hard to borrow stock, tune in daily to LocateStock TV, on http://www.locatestock.com/pressrelease.html

CONTACT: pressrelease@locatestock.com / 201-332-6800

SOURCE: Locate Stock, Inc.

0 Comments:

Links to this post: