Jersey City, NJ – December 28, 2007
The LocateStock.com HIGH FIVE for Friday, December 28th are:
5 – Cree Inc. – NASDAQ:CREE
4 – Solarfun Power Holdings – NASDAQ:SOLF
3 – ArthroCare – NASDAQ:ARTC
2 – China Technology Development Group Corporation – NASDAQ:CTDC
1 – DryShips – NASDAQ:DRYS
Cree, Inc. (NASDAQ:CREE) develops and manufactures semiconductor materials and devices primarily based on silicon carbide (SiC), gallium nitride (GaN), and related compounds. The company produces light emitting diodes (LEDs), SiC and GaN material products, and high-power products using its SiC and GaN materials. Its LED chip products include blue and green devices made from GaN and related materials grown on SiC substrates.
* Shares of CREE jumped on Thursday after Richard Prati, the chief executive of American Technology Research, gave the company a radiant review during a television interview. Prati raved about the technology company's light-emitting diode technology, which he predicted will grow astronomically in upcoming years. CREE rose $1.26 or 4.84% to $27.27 on Thursday.
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, 12/26 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 8.5% and hit an all-time high of $37.85, but was not able to maintain the pace Thursday, falling $2.23 or 6.20% to $33.73.
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 3% Wednesday, and came off 17 cents or .35% Thursday on the NASDAQ.
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 70.5% and an additional to 4 cents or .40% to $9.93 on Thursday.
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.
* Drybulk shipping stocks climbed in afternoon trading Friday, as investors contemplated whether a recent slump in charter rates was merely a result of seasonal slowness, or if the market has reached its peak. Along with charter rates dipping over the holidays, Oppenheimer analyst Tim Tiberio said market speculation regarding China's economic prospects in 2008 and profit-taking has also dragged stocks down lately. DRYS shares surged $4.80 or 6.59% to $77.59 Thursday 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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