Thursday, December 20, 2007
LocateStock.com Daily High Five For Thursday December 20, 2007

Jersey City, NJDecember 20, 2007

The LocateStock.com HIGH FIVE for Thursday, December 20th are:

5 – DryShips – NASDAQ:DRYS

4 – Sirius Satellite Radio – NASDAQ:SIRI

3 – Canadian Solar – NASDAQ:CSIQ

2 – MGIC Investment Corp. – NYSE:MTG

1 – LDK Solar – NYSE:LDK

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 DryShips rose along with the broader market Tuesday, as investors expressed optimism about the company's planned investment in an offshore drilling contractor. DryShips said Monday, shortly before trading began, that it plans to buy a 30.4 percent stake in Norway's Ocean Rig ASA for about $405 million. Shares of DRYS closed down more than 14% Monday, rallied 9% Tuesday and fell lower Wednesday, losing $3.75 or 4.78% to $74.74.

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.

* Sirius announced Wednesday that it will broadcast tonight an exclusive in-depth interview with Keith Richards, one of rock's living legends. This rare interview was conducted by Steve Jordan, Keith's friend and bandmate from The X-pensive Winos. The interview will air on The Spectrum, channel 18 at 8 pm ET on December 19th, with encores on December 20th at 1 am and 5 pm ET. Additional replays of the interview will air on The Spectrum and Classic Vinyl channel 14 through the month. Shares of SIRI were up 3 cents or .93% to $3.25 on Wednesday.

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 Wednesday, helped by gains from China Sunergy, after the company named a new chief financial officer. Shares of CSIQ rocketed 27% Tuesday on news from JA Solar, and fell 88 cents or 3.27% to $26.

MGIC Investment Corporation, (NYSE:MTG) through its subsidiary, provides private mortgage insurance to the home mortgage lending industry in the United States. The private mortgage insurance covers residential first mortgage loans and expands home ownership opportunities by enabling people to purchase homes.

* On Monday, MGIC Investment was downgraded by Citigroup to hold from buy. Shares of MTG were up 60 cents or 2.53% to $24.29 on the NYSE on 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.

* LDK lost ground after market close even though its third-quarter profit met analysts' expectations. The solar-cell maker posted income of $41.6 million, or 37 cents per American depositary share, for a 27.6% sequential surge. The equivalent year-ago figure, before the company went public on the NYSE, was 4 cents per ADS. Sales totaled $158.7 million, handily beating the $143.2 million average target, and the company issued a bullish next-quarter outlook. Still, shares lost $5.23 or 7.91% in after-hours, after falling $3.89 or 5.56% to $66.11 mid-day.

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