Jersey City, NJ – December 26, 2007
The LocateStock.com HIGH FIVE for Wednesday, December 26th are:
5 – Standard Pacific Corp. – NYSE:SPF
4 – AllianceBernstein Global High Income Fund – NYSE:AWF
3 – W Holding – NYSE:WHI
2 – ArthroCare – NASDAQ:ARTC
1 – First Marblehead – NYSE:FMD
Standard Pacific Corp. (NYSE:SPF) engages in the construction and sale of single-family attached and detached homes in the United States. It also provides mortgage financing and title services to its homebuyers through its subsidiaries and joint ventures.
* Shares of SPF dropped 4 cents or 1% to $3.95 on Monday, 12/24 on no news.
Alliance World Dollar Government Fund II, Inc. (NYSE:AWF) operates as a nondiversified, closed-end management investment company. It invests primarily in sovereign debt and U.S. corporate fixed-income obligations.
* AllianceBernstein Global High Income Fund today released its monthly portfolio update as of November 30, 2007. Shares rose 29 cents or 2.26% to $13.10 on Monday, 12/24.
W Holding Company, Inc. (NYSE:WHI) operates as the holding company for Westernbank Puerto Rico, which offers business and consumer financial services in Puerto Rico, the United States. It accepts time deposits, savings deposits, and interest and non-interest bearing demand deposits.
* Shares of WHI gained 1 cent or .55% to $1.82 on the NYSE on no news Monday, 12/24.
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.
* ArthroCare was downgraded by an analyst from Susquehanna last week, 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 were up 18 cents or .39% this past Monday, 12/24.
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.
* Also losing ground today was First Marblehead, which pared back some of its enormous Friday gains that were sparked by a cash injection by Goldman Sachs. Shares of the student lender gave back $1.52 or 8.13% to $17.18 on Monday, 12/24.
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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