Jersey City, NJ – December 27, 2007
The LocateStock.com HIGH FIVE for Thursday, December 27th are:
5 – China Technology Development Group Corporation – NASDAQ:CTDC
4 – ArthroCare – NASDAQ:ARTC
3 – Coeur d'Alene Mines – NYSE:CDE
2 – Solarfun Power Holdings – NASDAQ:SOLF
1 – Ambac Financial – NYSE:ABK
China Technology Development Group Corporation, (NASDAQ:CTDC) through its subsidiaries, provides information technology and network security services in the People's Republic of China. Its products primarily include the Security Gate, Intranet/Internet Physical Separation Security Solution, Secure Channel, and Secure Server, which are offered primarily to enterprises and government bureaus.
* China Technology Development announced last Thursday that it has completed another step in its strategic plan to focus the Company's management and operating resources on the principal business of solar energy. On December 18th the Company disposed its subsidiary China Natures Technology to an independent party for a total cash consideration of HK$10,000,000. The disposal of China Natures and the major terms of the SPA have been approved by the shareholders on the annual general meeting held on October 19th. The net proceeds of the disposal will be used to further develop its core businesses. Shares of CTDC surged Wednesday rocketing $4.09 or 70.52% to $9.89.
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 $1.46 or 3.12% to $48.29 Wednesday on the NASDAQ.
Coeur d'Alene Mines Corporation, (NYSE:CDE) through its subsidiaries, engages in the exploration and development of mineral properties principally in the United States, South America, Australia, and Africa. The company primarily explores for silver, gold, lead, and zinc deposits.
* Coeur d'Alene Mines Corporation announced last Friday the successful completion of its acquisitions of Bolnisi Gold NL and Palmarejo Silver and Gold Corporation, which creates the world's leading silver company. Shares of CDE rose 55 cents or 12.64% to $4.90 on the NYSE Wednesday.
Solarfun Power Holdings Co., Ltd., (NASDAQ:SOLF) through its subsidiary, Jiangsu Linyang Solarfun Co., Ltd., engages in the development, manufacture, and sale of photovoltaic (PV) cells and PV modules primarily in the People's Republic of China. It offers monocrystalline silicon cells and modules, and multicrystalline silicon cells and modules to system integrators, as well as through third party distributors.
* Shares of Chinese-based solar cell makers rose Wednesday, leading the gainers among stocks based overseas that trade on U.S. exchanges, after the Chinese government said it will work to promote use of alternative energy. Solarfun Power Holdings stock surged $2.81 or 8.48% to $35.96, and hit an all-time high of $37.85.
Ambac Financial Group, Inc., (NYSE:ABK) through its subsidiaries, provides financial guarantee products and other financial services to clients in the public and private sectors worldwide. It operates in two segments: Financial Guarantee and Financial Services.
* Shares of many financial services companies rallied Wednesday as fresh investments in some beleaguered firms signaled confidence in the sector hit hardest by the weakening credit market. MBIA surged more than 12% Wednesday after Davis Selected Advisers bought a substantial stake in the Armonk, N.Y.-based bond insurer. ABK also rallied on the news, rising $3.46 or 12.97% to $30.14.
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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