LocateStock.com Daily High Five For Thursday December 13, 2007

Jersey City, NJ – December 13, 2007

The LocateStock.com HIGH FIVE for Thursday, December 13^th are:

5 – Energy Conversion Devices – NASDAQ:ENER

4 – DryShips – NASDAQ:DRYS

3 – Sirius Satellite Radio – NASDAQ:SIRI

2 – LDK Solar – NYSE:LDK

1 – First Marblehead – NYSE:FMD

Energy Conversion Devices, Inc. (NASDAQ:ENER) commercializes materials, products, and production processes for the alternative energy generation, energy storage, and information technology markets. The company operates in two segments: United Solar Ovonic and Ovonic Materials.

* Energy Conversion Devices conducted its annual stockholders meeting in Troy, Michigan on Wednesday, 12/12. All seven nominees for director were re-elected at the meeting, including the six independent directors, Joseph A. Avila, Robert I. Frey, William J. Ketelhut, Florence I. Metz, Stephen Rabinowitz, and George A. Schreiber, Jr. Mark D. Morelli, ECD's president and CEO, was also among the nominees re- elected at today's meeting. Mr. Rabinowitz was elected as Chairman, succeeding Robert C. Stempel who retired today as previously announced. Shares of ENER spiked $3.24 or 10.87% to $33.06 on Wednesday.

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.

 

* According to a company press release on Wednesday, 12/12 George Economou, Chairman and Chief Executive Officer of DryShips was featured on Tuesday, December 4, 2007 in an interview with David Andelman, Executive Editor of Forbes.com. Mr. Economou spoke on the fundamentals of the dry bulk industry and the global economy. The interview is accessible through DryShips' corporate website at www.dryships.com in the Investor Relations section where it will remain archived. It is also accessible through www.capitallinkshipping.com.Shares of DRYS gained 2% Monday, came off 7% Tuesday and gained $3.03 or 3.55% on Wednesday.

Sirius Satellite Radio, Inc. (NASDAQ:SIRI) provides satellite radio services in the United States. It offers commercial-free music channels that provide a selection of music genres, such as rock, pop, hip-hop, country, dance, jazz, Latin, and classical; and channels of sports, news, talk, entertainment, traffic, weather, and data content.

* On Wednesday, 12/12, ESPN and Sirius Satellite Radio have agreed to a multi-year extension that will add programming to the current slate of ESPN offerings on the satellite radio provider. Under the agreement, ESPN will have a dedicated channel with original programming, such as weekly "ESPN The Magazine" talk show, and simulcasts of ESPN television programs, such as "SportsCenter." The programming will be on Sirius Channel 121. Shares of SIRI plunged 21 cents or 6% Wednesday.

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.

* Chinese-based solar wafer maker LDK Solar is not planning any refinancing in the short-term, its Chief Executive Peng Xiaofeng told Reuters on Tuesday, 12/11. A day earlier, LDK soared 29% after the China-based company struck a 10-year supply contract with a German solar-cell manufacturer. Shares lost 2.8% Tuesday, and gained $1.88 or 3.29% the following day on Wednesday, 12/12.

The First Marblehead Corporation (NYSE:FMD) provides outsourcing services for private education lending in the United States. It offers an integrated suite of design, implementation, and securitization services, including design and marketing, borrower inquiry and application, loan origination and disbursement, and loan securitization services, as well as loan servicing for student loan programs are tailored to meet the needs of the respective customers, students, employees, and members of national and regional financial institutions, and educational institutions, as well as businesses and other enterprises.

* Shares of First Marblehead slipped on Friday, 12/7, after the student lender slashed its dividend by more than half to 12 cents a share, having decided not to securitize new loans in the current quarter. The company also said it's "exploring non-securitization and securitization alternatives for future quarters," suggesting that the suspension could last beyond that. Shares plunged a total of 41% last week, and set a new 52-week low on Wednesday, 12/12 on news of SLM losing its $25 billion buyout deal with J.C. Flowers. FMD shares lost $1.31 or 8.12% to $14.83 after hitting a new low of $14.01.

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.