Wednesday, December 19, 2007
LocateStock.com Daily High Five For Wednesday December 19, 2007

Jersey City, NJDecember 19, 2007

The LocateStock.com HIGH FIVE for Wednesday, December 19th are:

5 – Canadian Solar – NASDAQ:CSIQ

4 – Arthrocare Corp. – NASDAQ:ARTC

3 – LDK Solar – NYSE:LDK

2 – BIDZ.com – NASDAQ:BIDZ

1 – DryShips – NASDAQ:DRYS

Canadian Solar, Inc., (NASDAQ:CSIQ) together with its subsidiaries, engages in the design, development, manufacture, and marketing of solar module products that convert sunlight into electricity for various uses. Its products include a range of standard solar modules to general specifications for use in various residential, commercial, and industrial solar power generation systems.

* Shares of solar companies lifted an index of emerging market ADRs in afternoon trading on Tuesday, after JA Solar Holdings said it improved its wafer supply with a new contract. Shares of CSIQ rocketed $5.68 or 26.79% to $26.88.

ArthroCare Corporation (NASDAQ:ARTC) engages in the design, development, manufacture, and marketing of medical devices for use in soft-tissue surgery primarily in the United States and internationally. Its products are based on the patented soft-tissue surgical controlled ablation technology.

* On Monday, shares of ArthroCare slipped after an analyst downgraded the stock, saying the surgical products maker may come under pressure because health insurers are not covering its spinal technology. Susquehanna Financial Group analyst David Turkaly cut his rating to "Neutral" from "Positive." He said the spinal business is very profitable, and has posted the strongest growth of any ArthroCare unit over the last few years. Shares of ARTC came-off an additional $1.88 or 3.89% to $46.39 on the NASDAQ Tuesday.

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.

* Shares of LDK Solar spiked 20% Monday after the Chinese solar company said an investigation into whether it incorrectly reported its silicon inventories turned up no material errors. An analyst from Goldman Sachs said in a client note the news "removes the overhang related to allegations of inventory inaccuracies" that had been plaguing LDK. However, she kept her "Sell" rating and $33 price target. For the third quarter, she expects gross margins to dip to 33.8 percent. And an analyst from CIBC World Markets kept his "Sector Underperform" or "Sell" rating until LDK clarifies its outlook. Shares of LDK gained an additional $1.82 or 2.67% to $70 Tuesday.

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.

* Last Wednesday, shares of business services operators rallied as investors' concerns about a possible pullback in consumer spending this season eased on data from SpendingPulse showing that holiday sales were headed to a strong start. BIDZ shares sold off Monday on no news, losing 11% and traded flat Tuesday to end the day at $9.20.

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 drybulk shippers fell Monday as a key shipping index slipped, following a week of flat to slightly weaker spot vessel charter rates. Also Monday, DryShips said it agreed to purchase a 30.4 percent stake in offshore drilling contractor Ocean Rig ASA for about $405 million. Shares of DRYS closed down more than 14% Monday and rallied $6.31 or 8.74% to $78.49 Tuesday on the NASDAQ.

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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