LocateStock.com Daily High Five For Wednesday October 17, 2007
Jersey City, NJ – October 17, 2007
The LocateStock.com HIGH FIVE for Wednesday, October 17th are:
5 – China Precision Steel – NASDAQ:CPSL
4 – China Finance Online – NASDAQ:JRJC
3 – VMware – NYSE:VMW
2 – LDK Solar – NYSE:LDK
1 – DryShips – NASDAQ:DRYS
China Precision Steel, Inc., (NASDAQ:CPSL) through its subsidiary, Shanghai Chengtong Precision Strip Co., Limited, operates as a precision steel processing company that engages in the production and sale of high precision cold-rolled steel products in the People's Republic of China. It produces thin cold-rolled precision steel strips ranging from 3.0 mm to 0.03 mm.
* China Precision Steel said Tuesday fiscal 2007 earnings slipped 1 percent as expenses from listing on the Nasdaq Capital Market and bad debt provisions offset a big revenue increase. For the year ended June 30, the Shanghai-based company reported income of $8.3 million, or 29 cents per share, compared with $8.4 million, or 35 cents per share, the previous 12-month period. Revenue for the year jumped 55 percent to $54 million from $34.9 million in fiscal 2006. Shares of CPSL gained 91 cents or 9.86% Tuesday.
China Finance Online Co. Limited, (NASDAQ:JRJC) through its subsidiaries, engages in selling online financial services analyzing financial and listed company information in the People's Republic of China. It offers subscription-based services based on a single information platform that integrates data and information from various sources with features and functions, such as data and information search, retrieval, delivery, storage, and analysis.
* According to Motley Fool, when 2007 wraps up, China Finance Online will be one of three stocks that will be standing atop the mountain as the equity that offered the year's best returns. China Finance is up 747%, respectively, year to date. Shares of JRJC gained $1.16 or 3.08% to $38.84 Tuesday.
VMware, Inc. (NYSE:VMW) and its subsidiaries provide virtualization solutions worldwide. Its virtualization solutions separate the operating system and application software from the underlying hardware to achieve improvements in efficiency, availability, flexibility, and manageability.
* VMware shares were upgraded Friday by Caris & Company from Above Average to Buy. Shares of VMW traded between 98.05 and 107.37 to finish the day at $102.98 on the NYSE. On Monday the stock lost more than 4% and on Tuesday shares gained back $1.14 or 1.15% on the NYSE.
LDK Solar Co., Ltd., (NYSE:LDK) through its subsidiaries, manufactures and sells multicrystalline solar wafers to the manufacturers of solar cells and solar modules in the People's Republic of China and internationally. It offers multicrystalline solar wafers between 180 and 240 microns in thickness.
* LDK Solar Co said it would supply multicrystalline solar wafers, valued at about 2 billion yuan ($266.1 million), to China-based Solarfun Power Holdings. The company said delivery of the solar wafers would commence in early 2008 and run through 2010. ($1=7.515 Yuan). This follows after shareholder lawsuits were filed in the U.S. against LDK Solar, which has been scrambling to protect its reputation since a former employee last month accused the Chinese solar-power company of accounting fraud. The lawsuits seek class-action status on behalf of investors who bought LDK's American depositary receipts during the company's initial public offering on the New York Stock Exchange earlier this year. Shares of LDK rose Tuesday by 2 cents or 0.05% to $43.30.
DryShips, Inc. (NASDAQ:DRYS) engages in the ownership and operation of drybulk carriers worldwide. The company's fleet carries various drybulk commodities, including coal, iron ore, and grains, bauxite, phosphate, fertilizers, and steel products. As of May 30, 2007, it owned and operated a fleet of 35 drybulk carriers comprising 5 Capesize, 25 Panamax, 3 Handymax, and 2 newbuilding Panamax vessels with a combined deadweight tonnage of approximately 2.9 million.
* Jefferies & Co raised the price targets on several shipping companies Tuesday, saying the outlook for the dry bulk shipping market remains attractive as significant quantities of new iron ore production capacity come on-line over the next 12 months. The brokerage said in a research note it expects an increase in charter rate. Jefferies maintained its "buy" rating on all the stocks. DryShips gained $4.93, or 4.05%, to $126.77. Shares of DRYS lost $8.27 or 6.52% to $118.50 Tuesday.
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.
The LocateStock.com HIGH FIVE for Wednesday, October 17th are:
5 – China Precision Steel – NASDAQ:CPSL
4 – China Finance Online – NASDAQ:JRJC
3 – VMware – NYSE:VMW
2 – LDK Solar – NYSE:LDK
1 – DryShips – NASDAQ:DRYS
China Precision Steel, Inc., (NASDAQ:CPSL) through its subsidiary, Shanghai Chengtong Precision Strip Co., Limited, operates as a precision steel processing company that engages in the production and sale of high precision cold-rolled steel products in the People's Republic of China. It produces thin cold-rolled precision steel strips ranging from 3.0 mm to 0.03 mm.
* China Precision Steel said Tuesday fiscal 2007 earnings slipped 1 percent as expenses from listing on the Nasdaq Capital Market and bad debt provisions offset a big revenue increase. For the year ended June 30, the Shanghai-based company reported income of $8.3 million, or 29 cents per share, compared with $8.4 million, or 35 cents per share, the previous 12-month period. Revenue for the year jumped 55 percent to $54 million from $34.9 million in fiscal 2006. Shares of CPSL gained 91 cents or 9.86% Tuesday.
China Finance Online Co. Limited, (NASDAQ:JRJC) through its subsidiaries, engages in selling online financial services analyzing financial and listed company information in the People's Republic of China. It offers subscription-based services based on a single information platform that integrates data and information from various sources with features and functions, such as data and information search, retrieval, delivery, storage, and analysis.
* According to Motley Fool, when 2007 wraps up, China Finance Online will be one of three stocks that will be standing atop the mountain as the equity that offered the year's best returns. China Finance is up 747%, respectively, year to date. Shares of JRJC gained $1.16 or 3.08% to $38.84 Tuesday.
VMware, Inc. (NYSE:VMW) and its subsidiaries provide virtualization solutions worldwide. Its virtualization solutions separate the operating system and application software from the underlying hardware to achieve improvements in efficiency, availability, flexibility, and manageability.
* VMware shares were upgraded Friday by Caris & Company from Above Average to Buy. Shares of VMW traded between 98.05 and 107.37 to finish the day at $102.98 on the NYSE. On Monday the stock lost more than 4% and on Tuesday shares gained back $1.14 or 1.15% on the NYSE.
LDK Solar Co., Ltd., (NYSE:LDK) through its subsidiaries, manufactures and sells multicrystalline solar wafers to the manufacturers of solar cells and solar modules in the People's Republic of China and internationally. It offers multicrystalline solar wafers between 180 and 240 microns in thickness.
* LDK Solar Co said it would supply multicrystalline solar wafers, valued at about 2 billion yuan ($266.1 million), to China-based Solarfun Power Holdings. The company said delivery of the solar wafers would commence in early 2008 and run through 2010. ($1=7.515 Yuan). This follows after shareholder lawsuits were filed in the U.S. against LDK Solar, which has been scrambling to protect its reputation since a former employee last month accused the Chinese solar-power company of accounting fraud. The lawsuits seek class-action status on behalf of investors who bought LDK's American depositary receipts during the company's initial public offering on the New York Stock Exchange earlier this year. Shares of LDK rose Tuesday by 2 cents or 0.05% to $43.30.
DryShips, Inc. (NASDAQ:DRYS) engages in the ownership and operation of drybulk carriers worldwide. The company's fleet carries various drybulk commodities, including coal, iron ore, and grains, bauxite, phosphate, fertilizers, and steel products. As of May 30, 2007, it owned and operated a fleet of 35 drybulk carriers comprising 5 Capesize, 25 Panamax, 3 Handymax, and 2 newbuilding Panamax vessels with a combined deadweight tonnage of approximately 2.9 million.
* Jefferies & Co raised the price targets on several shipping companies Tuesday, saying the outlook for the dry bulk shipping market remains attractive as significant quantities of new iron ore production capacity come on-line over the next 12 months. The brokerage said in a research note it expects an increase in charter rate. Jefferies maintained its "buy" rating on all the stocks. DryShips gained $4.93, or 4.05%, to $126.77. Shares of DRYS lost $8.27 or 6.52% to $118.50 Tuesday.
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.
posted by LOCATESTOCK @ 12:01 AM
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