Friday, November 30, 2007
LocateStock.com Daily High Five For Friday November 30, 2007

Jersey City, NJNovember 30, 2007

The LocateStock.com HIGH FIVE for Friday, November 30th are:

5 – Excel Maritime – NYSE:EXM

4 – SunPower Corp. – NASDAQ:SPWR

3 – VMware – NYSE:VMW

2 – BIDZ.com – NASDAQ:BIDZ

1 – DryShips – NASDAQ:DRYS

Excel Maritime Carriers, Ltd. (NYSE:EXM) engages in the ownership and operation of dry bulk carriers, and in the provision of seaborne transportation services for dry bulk cargoes, such as iron ore, coal and grains, bauxite, fertilizers, and steel products worldwide. As of June 26, 2007, the company's fleet consisted of 16 vessels comprising 10 Panamax and 6 Handymax vessels with a total carrying capacity of 965,249 deadweight tonnage.

* Dry bulk rates in the forward market have spiked over the last few days, increasing 10% on Wednesday alone. For 2008, the average forward spot rate on Cape size ships, the largest vessels, is predicted to be $125,000 per day. On Tuesday, the forward spot rate was $115,000 per day. The current spot rate on Cape size ships is $172,000 per day. Excel Maritime which has about half of its ships exposed to spot rates, skyrocketed 19% Wednesday and an additional 6.6%.

SunPower Corporation (NASDAQ:SPWR) engages in the design, development, manufacture, and marketing of solar electric power products primarily in the United States, Germany, and Asia. It offers solar cells, solar panels, and inverters, which convert sunlight to electricity compatible with the utility network for residential and commercial applications.

* Investors cheered SunPower's financing agreement with Morgan Stanley Wednesday, when SunPower announced it secured $190 million in financing from the brokerage to fund solar-power installations for commercial and public agencies under its SunPower Access program. Additionally, the CFO of the solar power company exercised options for 25,000 shares of Class A common stock. In a Form 4 filed with the SEC Wednesday, Emmanuel T. Hernandez reported he exercised the options on Monday for $3.30 apiece, then sold all 25,000 shares on the same day for $104.11 to $106.45 apiece. Shares of SunPower rose $3.34, or 2.8 percent, to $124.44 Thursday.

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 extended its gains after a Merrill Lynch analyst upgraded the stock to buy from neutral. VMware could end up as the market leader since its functionality and "partner ecosystem" is at least two years ahead of its rivals, Merrill said. The stock also received a positive mention from Citigroup. Shares of VMware were up $3.16, or 3.6%, to $90.85, and are up 22% previously, on the week.

BIDZ.com, Inc. (NASDAQ:BIDZ) operates as an online retailer of jewelry primarily in the United States and internationally. The company operates a Web Site, bidz.com, for the purpose of selling merchandise, utilizing an online sales auction platform. Its product inventory includes gold, platinum, and silver jewelry set with diamonds, rubies, emeralds, sapphires, and other precious and semi-precious stones; and watches.

* Bidz shares have declined throughout the week after a report published Monday by Citron Research alleged, among other things, that the company holds excessive inventory. In a conference call Tuesday, Bidz CEO David Zinberg denied several of Citron's allegations. This after the online jewelry retailer reaffirmed its fourth-quarter outlook for $56 million to $58 million in revenue and $5.6 million to $6.0 million in pre-tax income. Shares of BIDZ were down 60% on the week before gaining 15% to $11.62 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 newbuilding Panamax vessels with a combined deadweight tonnage of approximately 2.9 million.

* Shares of shippers rose in trading Thursday as rates for drybulk vessels recovered and oil tankers benefited from a surge in oil prices. Also Thursday, a Citi Investment Research analyst upgraded shares of General Maritime to "Hold" from "Sell," while a UBS analyst raised Double Hull Tankers to "Buy" from "Neutral." DryShips gained 3.5% on the news, after riding a 15% wave the previous session.

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:

Post a Comment

Links to this post:

Create a Link

<< Home