Friday, November 16, 2007
LocateStock.com Daily High Five For Friday November 16, 2007

Jersey City, NJNovember 16, 2007

The LocateStock.com HIGH FIVE for Friday, November 16th are:

5 – Radian Group – NYSE:RDN

4 – E*TRADE Financial Corporation – NASDAQ:ETFC

3 – DryShips – NASDAQ:DRYS

2 – JA Solar Holdings – NYSE:JASO

1 – LDK Solar – NYSE:LDK

Radian Group, Inc., (NYSE:RDN) through its subsidiaries and affiliates, operates as a credit enhancement company that provides credit protection products and financial services to mortgage lenders and other financial institutions. It operates in three segments: Mortgage Insurance, Financial Guaranty, and Financial Services.

* Radian Group shares surged Tuesday after investment adviser Third Avenue Management reported taking a 18.8 percent stake in the credit-risk management and mortgage insurance firm. Radian Group shares jumped more than 15% on Tuesday. During the past 52 weeks, the company's stock has dropped from a high of $67.35 in January to a low of $8.15 earlier this month. Shares of RDN fell Thursday, coming off 47 cents or 3.60% to $12.60 on the NYSE.

E*TRADE Financial Corporation, (NASDAQ:ETFC) through its subsidiaries, offers financial solutions to retail and institutional customers worldwide. It provides retail investments and trading, which include automated order placement, and execution of market and limit equity, futures, options, exchange-traded funds, mutual funds, and bond orders, as well as offers quick transfer, wireless account access, extended hours trading, quotes, and research and advanced planning tools.

* After losing more than half its value Monday, E*TRADE Chief Executive Mitch Caplan ruled out the possibility of bankruptcy on Wednesday, days after an analyst said mounting credit losses and the potential loss of customer assets might make the discount brokerage insolvent. Caplan, who canceled a scheduled presentation at a Merrill Lynch banking conference on Wednesday, told television network CNBC that the company still has "real" balance sheet issues, but its retail franchise remains in "phenomenal" shape. Shares of EFTC fell off 60% Monday, and gained 41% Tuesday, an additional 11% Wednesday and fell 8 cents or 1.44% on Thursday.

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 new building Panamax vessels with a combined deadweight tonnage of approximately 2.9 million.

* On Tuesday DryShips announced that it has entered into short-term charters for two of its Capesize and one of its Panamax vessels with first class charterers. On Monday the company said it will hold a special shareholder meeting to approve an amendment that would allow for a 3-for-1 stock split. The stock split, if approved, would be in the form of a dividend. Shares of DryShips fell 14% Monday, gained back 17.5% Tuesday, fell Wednesday 6.1%, and came off an additional $5.05 or 5.46% Thursday.

 

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.

* Solar-product stocks continued their gain Thursday after Canadian Solar posted a surprise third-quarter profit and Suntech Power Holdings reported a silicon supply deal on Wednesday. JA Solar shares gained 3% in Tuesday's session, 5.2% Wednesday, and an additional $2.45 or 4.65% Thursday.

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 said on Thursday it would likely report results of an inventory audit in early December and said its fourth quarter revenues would top third quarter levels. That independent audit follows an internal investigation sparked by allegations from a former LDK financial controller that the company overstated the value of its polysilicon inventories. LDK continues to deny the allegations. Shares of LDK surged $5.20 or 17.78% to $34.45 on the NYSE Thursday.

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.

 

 

 


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