Daily High Five for Friday, August 24, 2007

Jersey City, NJ – August 24, 2007

The LocateStock.com HIGH FIVE for Friday, August 24^th are:

5 – FirstFed Financial – NYSE:(FED)

4 – Bolt Technology– AMEX:(BTJ)

3 – Redwood Trust– NYSE:(RWT)

2 – Southern Copper – NYSE:(PCU)

1 – Trina Solar – NYSE:(TSL)

FirstFed Financial Corp., (NYSE:FED) operates as a holding company for First Federal Bank of California that provides various banking services in California. The bank engages in generating deposits and originating loans.

* On Wednesday, 8/22 FirstFed Financial reported gross profit for the quarter ended June 30, 2007 down to $105 million from $123 million in the same quarter last year. FED shares were down 46 cents or .88% to $52.00 on Thursday.

Bolt Technology Corporation, (AMEX:BTJ) through its subsidiaries, engages in the development, manufacture, and sale of seismic energy sources used in the seismic exploration for oil and gas worldwide. The company operates in two segments, Geophysical Equipment and Industrial Products.

* Bolt Technology announced record financial results for the fourth quarter and fiscal year ended June 30, 2007 on Wednesday, 8/22. Fiscal year 2007 sales increased 55% to $50,464,000 compared to $32,591,000 last year. Net income for the fiscal year increased 119% to $10,607,000 or $1.87 per diluted share, compared to $4,845,000 or $0.86 per diluted share last year. BTJ shares were down $1.93 or 4.5% to $40.92 on Thursday, 8/23.

Redwood Trust, Inc., (NYSE:RWT) together with its subsidiaries, invests in, finances, and manages real estate assets in the United States. It invests in residential and commercial real estate loans, and in asset-backed securities backed by real estate loans.

* On Wednesday, 8/22 Redwood Trust announced that its Board of Directors authorized the declaration of a third quarter regular dividend for common shareholders of $0.75 per share. The third quarter 2007 dividend is payable on October 22, 2007 to stockholders of record on September 28, 2007. Shares of RWT gained $1.77 or 4.6% to $40.22 on the NYSE on Thursday, 8/23.

Southern Copper Corporation (NYSE:PCU) produces copper, molybdenum, zinc, and silver. It engages in mining, milling, and flotation of copper ore to produce copper concentrates and molybdenum concentrates; the smelting of copper concentrates to produce anode and blister copper; and the refining of blister/anode copper to produce copper cathodes.

* On Thursday, 8/23 Forbes touted Southern Copper among seven of their stocks that had positive gains for the month of July. Southern Copper which rose 10.9% over the month, was the large-cap leader for the month. Shares of PCU were down 71 cents or .72% to $98.43 on the NYSE on Thursday.

Trina Solar Limited (NYSE:TSL) through its subsidiary, Changzhou Trina Solar Energy Co., Ltd., principally engages in the manufacture and sale of solar photovoltaic modules in the People’s Republic of China and internationally. Its solar modules provide electric power for residential, commercial, industrial, and other applications worldwide.

* Trina Solar shares fell 7.5% in Thursday afternoon trading after the China-based maker of solar power products said second-quarter net income rose to $7.2 million, or 32 cents per American Depositary Share, from $1.13 million, or 11 cents per ADS, in the year-ago period. Revenue more than doubled, increasing to $75.3 million from $28.9 million. Trina said it still expects 2007 earnings of $34.5 million to $36.5 million, and revenue of $270 million to $300 million. The company expects to ship between 75 megawatts and 80 MW of solar modules for the full year 2007. Shares of TSL lost $3.39 to $41.77 on the NYSE on Thursday, 8/23.

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.

Regulation SHO to eliminate the "grandfather provision"

Regulatory Alert #2007-086

 

Head Traders; Technical Contacts; Compliance Officers

 

What you need to know:

 

• The Securities and Exchange Commission (SEC) has amended Regulation SHO to eliminate the “grandfather provision” effective October 15, 2007.

 

Who you should contact: NASDAQ Market Sales at 800.846.0477

 

What is changing?

 

The Securities and Exchange Commission (SEC) has amended Regulation SHO to eliminate the “grandfather provision” and will take effect on October 15, 2007.  SEC Regulation SHO sets out rules governing short sales, including the mandatory close-out requirement that applies to securities in which a substantial amount of fails to deliver have occurred (“threshold securities”). Clearing agency participants and broker-dealers for which they clear positions (“participants”) must take immediate action to close out a fail to deliver position in a Threshold Security that has lasted for 13 consecutive settlement days by purchasing securities of like kind and quantity (“close-out requirement”).

The amendment eliminates one of the exceptions to the Close-out Requirement for fails to deliver established prior to a security becoming a Threshold Security (“grandfather provision”). The amendment requires Participants to close out any previously-grandfathered fails to deliver in a security that is on the Threshold Security List on October 15^th. The close-out must occur within 35 consecutive settlement days of October 15^th. If a security becomes a Threshold Security after October 15^th, all fails to deliver must be closed out within 13 consecutive settlement days.

 

What do I have to do on or after October 15^th?

 

This amendment does not require NASDAQ to make any changes to its Threshold Security List. However, Participants should ensure that they close out previously-grandfathered fail to deliver positions within the time frames established by the amendment. Participants that do not close out these fail to deliver positions within 35 days will, by rule, be prohibited from accepting any short sale orders or effecting further short sales in these securities until the entire fail to deliver position is closed out.

 

Where can I get additional information?

 

• Visit the Regulation SHO page on the NASDAQ Trader^® website.

 

• NASDAQ Market Sales at 800.846.0477

 

NASDAQ is the largest U.S. electronic stock market. With approximately 3,200 companies, it lists more companies and, on average, trades more shares per day than any other U.S. market. It is home to companies that are leaders across all areas of business including technology, retail, communications, financial services, transportation, media and biotechnology. NASDAQ is the primary market for trading NASDAQ-listed stocks. For more information about NASDAQ, visit the NASDAQ Trader website at www.NASDAQTrader.com.

© Copyright 2007 The Nasdaq Stock Market, Inc. All Rights Reserved.

 

Daily High Five For Monday August 20, 2007

Jersey City, NJ – August 20, 2007

The LocateStock.com HIGH FIVE for Monday, August 20th are:

5 – Home Solutions of America – NASDAQ:HSOA
4 – FirstFed Financial – NYSE:FED
3 – Chemical Financial – NASDAQ:CHFC
2 – Yingli Green Energy – NYSE:YGE
1 – Thornburg Mortgage – NYSE:TMA

Home Solutions of America, Inc. (NASDAQ:HSOA) provides restoration, construction, and interior services to commercial and residential properties in the United States. It operates through two segments, Restoration and Construction Services, and Interior Services.

* On Friday, 8/17 Home Solutions said it was seeking lender consent to make payments to Brian Marshall, a director and executive vice president, as part of a deal related to the Fireline Restoration seller note. In a statement, the company said that if they did not get their consent, it would restructure Marshall's agreement to avoid the triggering of a default. HSOA shares were down 95 cents or 23.46% to $3.10 on the NASDAQ on Friday.

FirstFed Financial Corp., (NYSE:FED) operates as a holding company for First Federal Bank of California that provides various banking services in California. The bank engages in generating deposits and originating loans.

* On Thursday, 8/16 FirstFed Financial announced it will be relocating its corporate headquarters and back office operations early next year to a facility across the street from the Playa Vista Development. The flagship branch at 401 Wilshire Boulevard will remain and continue to serve the financial needs of its local community. Additionally, the 401 Wilshire Boulevard offices will continue to be the home for the Bank's Wealth Management & Trust Division and a Commercial Banking Office as well as for a smaller corporate executive office. FED shares gained $3.29 or 7.31% to $48.29 in NYSE trading on Friday, 8/17.

Chemical Financial Corporation (NASDAQ:CHFC) operates as the holding company for Chemical Bank that provides commercial banking products and services in the state of Michigan. It generates deposits and originates loans.

* On Friday, 8/17 Chemical Financial filed their quarterly report with the SEC in a Form 10-K. The Corporation's net income was $9.5 million in the second quarter of 2007, down 22.2% from net income of $12.2 million in the second quarter of 2006. Diluted earnings per share were $0.39 in the second quarter of 2007, down 20.4% from diluted earnings per share of $0.49 in the second quarter of 2006. The decreases in net income and earnings per share were primarily the result of a decrease in net interest income and increases in the provision for loan losses and operating expenses. Shares of CHFC rose $1.54 or 5.89% to $27.69 in NASDAQ trading on Friday.

Yingli Green Energy Holding Company Limited, (NYSE:YGE) through its subsidiary, Baoding Tianwei Yingli New Energy Resources Co., Ltd., engages in the design, development, marketing, manufacturing, and installation and sale of photovoltaic products in the People's Republic of China and internationally. Its products include polysilicon ingots and wafers, photovoltaic cells and modules, and integrated photovoltaic systems.

* Shares of solar cell makers fell during last Thursday’s market sell off and Yingli Green Energy was among the solar cell market losers on that day. Shares of Yingli gave up 17.2% in the session after reporting second-quarter earnings the previous day, of 6 cents per share for the quarter on $118.4 million in revenue. Adam Hinckley, a CIBC World Markets analyst said the results were "very solid." However, Hinckley also said the company's margins could fall because prices are declining and the cost of polysilicon, a material used to build solar cells, is still high. YGE shares covered some of Thursday’s losses in Friday’s trading session, gaining 91 cents or 6.68% to $14.53 in NYSE trading.

Thornburg Mortgage, Inc. (NYSE:TMA) operates as a single-family residential mortgage lending company. It originates, acquires, and retains investments in adjustable and variable rate mortgage (ARM) assets.

* Shares of Thornburg Mortgage rallied 21.49% on Friday, 8/17 as AG Edwards analyst Greg Mason, upgraded the lender from sell to hold. Mason said a lower discount rate will flood banks with more cash, meaning they will be less likely to demand their money back from Thornburg. Shares of Thornburg rose $2.66 to $15.04 on the NYSE. Earlier Friday morning, the stock was down more than 50 percent for the year.
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.

Cramer Byrne Bernanke and the Bailouts 8/13

Well friends I have returned from my travels and after a whirlwind tour, which started in Utah Tuesday night, and included dinner with OSTK CEO Patrick Byrne and his trusted legal eagle Jonathan Johnson, I feel like short sellers should beware. If Patrick's management in the coming quarter is as good as the food at the best Italian spot I've been to out West, there is surely a short squeeze to come. Beware the man in the tin foil hat! But what fun we had discussing how great it was watching gentle Ben thumb his nose at Cramer's begging, and hold steady with the rates. Caving in to Cramer would mean bailing out the brokers and lenders, who were dumb enough to give mortgages to people who they clearly knew couldn't afford them. Think about it, we all know people who suddenly qualified for mortgages when they have little or no reportable income. One of my friends got a 50 year mortgage, (50 years???), and his total pre tax earnings do not exceed his monthly payment, (pre tax earnings). Why should the fed subsidize ridiculous egregiously greedy, and predatory, lending practices? The old adage has never applied so well, you play, you pay. These sub prime lenders and financiers wanted to play the risk reward game and ignore the credit risk of their targets, so they played now they should pay. NOT US, and NOT the FED. Why does the Fed need to clean up the messes? No one in this equation deserves a bail out. You accepted a credit liability with teaser rates, and poor stated income check due diligence and now they cant pay, that's your problem. You faked your financials and found a shaky Title company to jack up your stated income and your appraisal, now the ARM you signed up for has re rated and you cant afford it, again Not the Feds problem. Cramer says that Ben doesn't understand and he should offer relief, that's the worst idea I can think of. What signal would that send to the world if Ben lowers rates?? To me that would mean that after this extended period of sustained economic growth and steady and calculatingly strategic Fed governance, Ben would be signaling to the world that we have problems. To me this would be an alarming sign to the world, it would shake investor sentiment and scare off Foreign Capital Investment, which we rely on even more than foreign oil.

Cramer to me, usually claims to speak for the little people or at least to the people (or so he says), so if he truly is concerned with helping the little people understand the markets, he should explain to them that a Fed Rate cut would be a terrible negative indicator. Also let's see if the big brokers were lending shares to short sellers who then exacerbated the collapse. Wouldn't it be interesting if their funds were going long the sub prime paper while their PB division was lending the AHMs and NFI's to the hedge funds to short? Maybe that's why Cramer is calling this Armageddon. To be continued, hopefully and more than likely the Fed will hold steady, and let the Big Boys take their lumps. That's why they're the big boys, so they need to take their lumps. Bailouts are for criminals not the largest financial institutions in the world. Good Players play hurt, so its time for the Goldman's and the Bears of the world to Go BIG or Go Home. I ended my 4 day 3 city tour in Chi-town and wow what a town.

I am really starting to like this Blog stuff. Stay tuned.

JT

Daily High Five For Friday August 10, 2007

Jersey City, NJ – August 10, 2007

The LocateStock.com HIGH FIVE for Friday, August 10^th are:

5 – Meritage Homes Corporation – NYSE:MTH

4 – Yingli Green Energy Holding – NYSE:YGE

3 – Sirona Dental Systems – NASDAQ:SIRO

2 – Mueller Water Products – NYSE:MWA

1 – Fremont General – NYSE:FMT

Meritage Homes Corporation (NYSE:MTH) engages in the design and building of single-family attached and detached homes in the southern and western United States. The company offers homes for a range of homebuyers, including first-time, move-up, luxury, and active adult buyers in 14 metropolitan areas in Arizona, Texas, California, Nevada, Colorado, and Florida.

* Homebuilders continued their rally on Thursday, 8/9 just one day after Toll Brothers reported better-than-expected revenues. Beazer Homes and HIGH FIVE stock, Meritage Homes, stock were among the homebuilding leaders on Thursday. Shares of MTH gained 67 cents or 3.36% in Thursday’s session.

Yingli Green Energy Holding Company Limited, (NYSE:YGE) through its subsidiary, Baoding Tianwei Yingli New Energy Resources Co., Ltd., engages in the design, development, marketing, manufacturing, and installation and sale of photovoltaic products in the People's Republic of China and internationally. Its products include polysilicon ingots and wafers, photovoltaic cells and modules, and integrated photovoltaic systems.

* On Thursday, 8/9 Yingli announced an earnings conference call (Q2 2007)
scheduled to start Wed., Aug 15, 2007, at 8:00 am Eastern. Shares of YGE were down 98 cents or 5.77% on the NYSE on Thursday.

Sirona Dental Systems, Inc. (NASDAQ:SIRO) manufactures various dental equipment for dentists worldwide. Its products are offered in the following categories: Dental CAD/CAM Systems, Imaging Systems, Treatment Centers, and Instruments. Dental CAD/CAM Systems address the market for dental restorations, which includes various types of restorations, such as inlays, onlays, veneers, crowns, bridges, copings, and bridge frameworks made from ceramic, metal, or composite blocks.

* Sirona Dental was among the earnings stories on Thursday, 8/9. Sirona said it swung to a fiscal third-quarter profit and lowered its full-year forecast. Shares of SIRO were down $1.22 or 3.51% to $33.53 on the NASDAQ on Thursday.

Mueller Water Products, Inc. (NYSE:MWA) manufactures and sells various water infrastructure and flow control products for use in water distribution networks, water and wastewater treatment facilities, and gas distribution and piping systems in the United States and Canada. It has three segments: Mueller, U.S. Pipe, and Anvil.

* On Tuesday, 8/7 an analyst from Banc of America gave Mueller Water “four stars” based on the company’s accuracy of earnings estimates. Shares of MWA have climbed each day since, and gained 95 cents or 6.48% trading on Thursday on the NYSE on the new star analyst rankings.

Fremont General Corporation (NYSE:FMT) operates as the holding company for Fremont Investment & Loan, which engages in commercial and residential real estate lending business in the United States. It originates non-prime or sub-prime residential real estate loans through independent brokers on a wholesale basis, which are primarily sold to third party investors; and commercial real estate loans, including bridge, construction, and permanent loans on a nationwide basis.

* Fremont General has been hard hit by the sub-prime meltdown, and in Thursday’s session, Fremont reacted to BNP Paribas’ suspension of the three funds that were hit by the U.S. sub-prime market’s troubles. FMT shares were down 21 cents or 5.07% to $3.93 on the NYSE on Thursday, 8/9.

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.

Daily High Five For Thursday August 9, 2007

Jersey City, NJ – August 9, 2007

The LocateStock.com HIGH FIVE for Thursday, August 9^th are:

5 – Accredited Home Lenders Holding – NASDAQ:LEND

4 – IndyMac Bancorp – NYSE:IMB

3 – Heelys, Inc – NASDAQ:HLYS

2 – Mueller Water Products – NYSE:MWA

1 – Delta Financial Corp. – NASDAQ:DFC

Accredited Home Lenders Holding Co. (NASDAQ:LEND) and its subsidiaries operate as a mortgage banking company in the United States and Canada. The company originates finances, securitizes, services, and sells nonprime mortgage loans secured by residential real estate.

* Accredited Home has been plunging in recent weeks after the company said it was getting margin calls -- requiring the company to put up additional cash or collateral in exchange for the funding -- the lender warned that it may not be able to survive as a going concern. LEND shares lost 76 cents or 11.18% on the NASDAQ on Wednesday, 8/8.

IndyMac Bancorp, Inc. (NYSE:IMB) operates as the holding company for IndyMac Bank, F.S.B., a thrift/mortgage bank, which provides mortgage products and services in the United States. The company operates in two segments, Mortgage Banking and Thrift. The Mortgage Banking segment offers adjustable-rate mortgages (ARMs), intermediate term fixed-rate loans, pay option ARMs, fixed-rate mortgages, conforming and non-conforming loans, construction-to-permanent loans, subprime mortgages, home equity lines of credits, and reverse mortgages.

* On Tuesday, 8/7 Roth Capital raised Indymac’s rating to hold from sell on valuation, boosting shares by as much as 13% and on the NYSE on Tuesday. The following day, IndyMac continued its rally to $22.43 after gaining $1.04 or 4.86% in the session Wednesday.

Heelys, Inc. (NASDAQ:HLYS) engages in the design, marketing, and distribution of action sports-inspired products for 14 year-old boys and girls. It offers its products under the HEELYS brand name. The company's primary product, HEELYS-wheeled footwear is a dual-purpose footwear product that incorporates a stealth and removable wheel in the heel.

* Shares of Heelys tumbled nearly 50% in Wednesday trading after giving a dismal forecast for the year and as four analysts cut their ratings on the wheeled-shoe company. The downgrades, which came in the wake of quarterly results released late Tuesday, cited weak forecasts for the year, bloated inventories, weak retail trends and an uncertain back-to-school season for the new ratings. Second-quarter net income rose to $12.8 million, or 45 cents a share, from $4.19 million, or 17 cents a share, during the year-earlier period. Revenue for the three months ended June 30 rose to $74.3 million from $30.9 million. HLYS plunged $10.57 or 48.07% to $11.42 on Wednesday.

Mueller Water Products, Inc. (NYSE:MWA) manufactures and sells various water infrastructure and flow control products for use in water distribution networks, water and wastewater treatment facilities, and gas distribution and piping systems in the United States and Canada. It has three segments: Mueller, U.S. Pipe, and Anvil.

* On Tuesday, 8/7 an analyst from Banc of America gave Mueller Water “four stars” based on the company’s accuracy of earnings estimates. Shares of MWA gained 21 cents or 1.45% trading on Wednesday on the NYSE on the new star analyst rankings.

Delta Financial Corporation, (NSADAQ:DFC) together with its subsidiaries, operates as a specialty consumer finance company that engages in the origination, securitization, and sale of nonconforming mortgage loans to individuals in the United States. The company's loan products are primarily fixed rate and secured by first mortgages on one-to-four-family residential properties.

* Delta Financial gave up a third of their value, or 40.25% after the mortgage lender announced on its Web site that it has delayed its second-quarter earnings release. The Woodbury, N.Y., firm issued no press release and gave no further explanation. Shares slumped $3.20 to $4.75.

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.

LocateStock.com Daily High Five For Wednesday August 8, 2007

Jersey City, NJ – August 8, 2007

The LocateStock.com HIGH FIVE for Wednesday, August 8th are:

5 – Westamerica Bancorporation – NASDAQ:WABC
4 – IndyMac Bancorp – NYSE:IMB
3 – Luminent Mortgage Capital – NYSE:LUM
2 – Thornburg Mortgage – NYSE:TMA
1 – Mueller Water Products – NYSE:MWA

Westamerica Bancorporation (NASDAQ:WABC) operates as the holding company for Westamerica Bank, which provides banking services to individuals and corporate customers in northern and central California. It primarily engages in generating deposits and originating loans.

* The chairman and chief executive of Westamerica Bancorp exercised options for 63,371 shares of common stock, according to a Securities and Exchange Commission filing made late last week. In several Form 4s filed with the SEC last Tuesday, David L. Payne reported he exercised the options Friday, August 3rd for $32.79 apiece and then sold 46,826 shares the same day for $40.75 to $41.12 apiece. Shares were down 66 cents or 1.48% on the NASDAQ on Tuesday, 8/7.

IndyMac Bancorp, Inc. (NYSE:IMB) operates as the holding company for IndyMac Bank, F.S.B., a thrift/mortgage bank, which provides mortgage products and services in the United States. The company operates in two segments, Mortgage Banking and Thrift. The Mortgage Banking segment offers adjustable-rate mortgages (ARMs), intermediate term fixed-rate loans, pay option ARMs, fixed-rate mortgages, conforming and non-conforming loans, construction-to-permanent loans, subprime mortgages, home equity lines of credits, and reverse mortgages.

* On Tuesday, 8/7 Roth Capital raised Indymac’s rating to hold from sell on valuation, boosting shares by as much as 13% and closing higher by $1.86 or 9.52% on the NYSE to $21.39.

Luminent Mortgage Capital, Inc. (NYSE:LUM) a real estate investment trust (REIT), invests primarily in the United States agency and other single-family, adjustable-rate, and fixed rate mortgage-backed securities. It also invests in residential mortgage loans.

* Luminent Mortgage Capital tanked 75.34% on news that several analysts on Monday and Tuesday have been downgrading the investment trust, saying it will be the next company in the mortgage industry to fall. Luminent stated that its markets "have deteriorated significantly and in an unprecedented fashion." Shares of LUM were down $3.30 to $1.08.

Thornburg Mortgage, Inc. (NYSE:TMA) operates as a single-family residential mortgage lending company. It originates, acquires, and retains investments in adjustable and variable rate mortgage (ARM) assets.

* On Tuesday Forbes warned that the mortgage fallout continues to spread, and that Thornburg Mortgage, a lender once thought mostly immune to the recent sector turmoil, plummeted Tuesday on worries that it could become another margin call target. Shares of Thornburg were down $1.89 or 7.93% to $21.95 on the NYSE.

Mueller Water Products, Inc. (NYSE:MWA) manufactures and sells various water infrastructure and flow control products for use in water distribution networks, water and wastewater treatment facilities, and gas distribution and piping systems in the United States and Canada. It has three segments: Mueller, U.S. Pipe, and Anvil.

* On Tuesday, 8/7 an analyst from Banc of America gave Mueller Water “four stars” based on the company’s accuracy of earnings estimates. Shares of MWA gave up just 3 cents or .21% on the NYSE on the new star analyst rankings.

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.

Cramer goes Nuts, Meltsdown on Erin

Back in December, Cramer lost it on the street.com, when he started explaining how he used to break the law when he ran his fund, and the clip was as viral as you could get. Then back in June, my eyebrows went up when Cramer starting touting to the world why they shouldn't short Bear Stearns. Now the newest in Cramer Hall of Fame will be this meltdown he had, while talking to Erin on Stop Trading you have to see this!!





It seems Cramer is desperately seeking the Fed to cut rates and bail out the big brokers who are all experiencing credit questions due to uncertainty of the Sub Prime fallout, and the exposure of all the major financial institutions will have to the fallout. He abuses Bernanke, and also crushes William Poole, who is a 40 year veteran of the Fed system, see his bio http://www.federalreserve.gov/bios/pres08.htm. Cramer apparently thinks that these guys are just academics and they don't understand the markets. "His guys" he says are 25 year veterans and they know better than Greenspan's hand picked successor, and Poole who is a 40 year Fed vet. Cramer seriously melted down. What is the problem. Does Cramer think that its the Feds job to bail out Wall Street? Erin Burnett even looks confused at what is happening to Cramer.

Enjoy the latest from Cramerica.

JT

Daily High Five For Monday August 6, 2007

Jersey City, NJ – August 6, 2007

The LocateStock.com HIGH FIVE for Monday, August 6^th are:

5 – Alesco Financial – NYSE:AFN

4 – RAIT Financial Trust – NYSE:RAS

3 – IndyMac Bancorp – NYSE:IMB

2 – Mueller Water Products – NYSE:MWA

1 – Accredited Home Lenders – NASDAQ:LEND

Alesco Financial Inc. (NYSE:AFN) is a publicly owned real estate investment trust. The firm typically invests in real estate and other securities including trust-preferred securities, mortgage backed securities, and corporate loan obligation.

* On July 30^th Alesco filed an SEC form 8-K for “entry into a material definitive agreement” and by purchasing $5,000,000 par value of preference shares of Alesco Preferred Funding XI, Ltd. (the "Securities") at a purchase price equal to 91% of par value. Shares of Alesco were trading lower 57 cents or 13.26% to $3.73 on the NYSE on Friday.

RAIT Investment Trust (NYSE:RAS) operates as a self-managed and self-advised real estate investment trust (REIT). The company provides a set of debt financing options to the real estate industry.

* Despite holding a second-quarter earnings conference call the previous day, real estate investment trust RAIT Financial Trust plummeted in Friday trading. Shares of RAIT fell $3.22, or 33.75%, to $6.32 and set a new year-low in the session. RAIT's shares had traded between $7.51 and $38.25 during the past year.

IndyMac Bancorp, Inc. (NYSE:IMB) operates as the holding company for IndyMac Bank, F.S.B., a thrift/mortgage bank, which provides mortgage products and services in the United States. The company operates in two segments, Mortgage Banking and Thrift. The Mortgage Banking segment offers adjustable-rate mortgages (ARMs), intermediate term fixed-rate loans, pay option ARMs, fixed-rate mortgages, conforming and non-conforming loans, construction-to-permanent loans, sub-prime mortgages, home equity lines of credits, and reverse mortgages.

* IndyMac Bancorp suffered a 10%-plus fall early Friday after an e-mail by Chief Executive Mike Perry to employees surfaced that described the mortgage-backed bonds market as "very panicked and illiquid." As a result, he said in the note that the lender will have to make major changes to its underwriting and pricing guidelines. The mortgage lender dropped $1.39 or 6.60% to $19.66 after setting a new low of $16.86 earlier in the session.

Mueller Water Products, Inc. (NYSE:MWA) manufactures and sells various water infrastructure and flow control products for use in water distribution networks, water and wastewater treatment facilities, and gas distribution and piping systems in the United States and Canada. It has three segments: Mueller, U.S. Pipe, and Anvil. The Mueller segment manufactures dry-barrel fire hydrants; gate, tapping, check, butterfly, ball, and plug valves; iron valves, meter bars, and line stopper fittings; pipe repair products, such as repair clamps and couplings used to repair leaks in water and gas distribution systems; municipal castings, such as manhole covers and street drain grates; and patterns used by the foundry and automotive industries.

* On Thursday, August 2^nd Mueller Water reported net sales of $502.5 million, income from operations of $57.4 million, and a net loss of $1.3 million, or $0.01 per diluted share (earnings of $0.17 per diluted share, excluding loss on early extinguishment of debt) in the third quarter ended June 30, 2007. The company filed an SEC form 8-K the following day as shares of MWA picked up 89 cents or 6.13% in the session on Friday.

Accredited Home Lenders Holding Co. (NASDAQ:LEND) and its subsidiaries operate as a mortgage banking company in the United States and Canada. The company originates, finances, securitizes, services, and sells nonprime mortgage loans secured by residential real estate.

* Accredited Home plummeted 41% in mid-day trading last Thursday as the lender warned of possible insolvency if the mortgage industry continues to deteriorate. The company also said if any of its own lenders decided to execute a so-called margin call - requiring the company to put up additional cash or collateral in exchange for the funding -- the company could be in deep trouble. Shares of LEND traded higher on Friday, the following day, with shares up $1.66 or 31.26% 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.

Daily High Five For Friday August 3, 2007

Jersey City, NJ – August 3, 2007

The LocateStock.com HIGH FIVE for Friday, August 3^rd are:

5 – Qiagen N.V. – NASDAQ:QGEN

4 – RAIT Financial Trust – NYSE:RAS

3 – Alesco Financial – NYSE:AFN

2 – Fremont General – NYSE:FMT

1 – Accredited Home Lenders – NASDAQ:LEND

QIAGEN N.V., (NASDAQ:QGEN) through its subsidiaries, engages in the development, manufacture, and marketing of products for the handling, separation, purification, and subsequent use of nucleic acids and proteins. It offers sample and assay consumable products, which include disposable sample processing devices and/or other proprietary technologies; reagents and buffers; and a technical handbook that includes a detailed protocol and background information.

* On Tuesday, 7/31 Qiagen announced that in conjunction with Second Quarter 2007 Earnings release, a conference call of the company’s earnings will be broadcast live over the Internet on Tuesday, August 7, 2007 at 9:30 a.m. ET, with Peer M. Schatz, President and Chief Executive Officer and Roland Sackers, Chief Financial Officer. Shares of QGEN were up 58 cents or 3.40% on the NASDAQ on Thursday.

RAIT Investment Trust (NYSE:RAS) operates as a self-managed and self-advised real estate investment trust (REIT). The company provides a set of debt financing options to the real estate industry.

* RAIT Investment Trust held a 2007 second-quarter earnings conference call on Thursday, August 2^nd at 9:00 a.m. EST. Shares of RAS were down 28 cents or 2.85% on Thursday.

Alesco Financial Inc. (NYSE:AFN) is a publicly owned real estate investment trust. The firm typically invests in real estate and other securities including trust-preferred securities, mortgage backed securities, and corporate loan obligation.

* On July 13^th the Alesco announced that the Company will be issuing its financial results for the quarter ended June 30, 2007 after market hours on August 7, 2007. A conference call to discuss these financial results with investors and analysts will be held on August 8, 2007 at 10:00am ET. Shares of Alesco were trading up 20 cents or 4.88% to $4.30 on the NYSE on Thursday in anticipation of the earnings call.

Fremont General Corporation (NYSE:FMT) operates as the holding company for Fremont Investment & Loan, which engages in commercial and residential real estate lending business in the United States. It originates non-prime or sub-prime residential real estate loans through independent brokers on a wholesale basis, which are primarily sold to third party investors; and commercial real estate loans, including bridge, construction, and permanent loans on a nationwide basis.

* After lenders too a big beating this week due to fellow sub-prime lender American Home’s margin calls and credit lines being tapped, many of the lenders, including AHM, and NFI, surged in trading on Thursday. However, shares of FMT remained relatively flat. FMT was down just 36 cents or 6.27% on the NYSE on Thursday.

Accredited Home Lenders Holding Co. (NASDAQ:LEND) and its subsidiaries operate as a mortgage banking company in the United States and Canada. The company originates finances, securitizes, services, and sells nonprime mortgage loans secured by residential real estate.

* Accredited Home plummeted 41% in mid-day trading on Thursday as the lender warned of possible insolvency if the mortgage industry continues to deteriorate. The company also said if any of its own lenders decided to execute a so-called margin call - requiring the company to put up additional cash or collateral in exchange for the funding -- the company could be in deep trouble. Shares of LEND were down 2.90 or 35.32% in NASDAQ trading on Thursday.

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.

Daily High Five For Wednesday August 1, 2007

Jersey City, NJ – August 1, 2007

The LocateStock.com HIGH FIVE for Wednesday, August 1^st are:

5 – IndyMac Bancorp – NYSE:IMB

4 – Novastar Financial – NYSE:NFI

3 – American Home Mortgage Investment – NYSE:AHM

2 – Fremont General – NYSE:FMT

1 – Under Armour – NYSE:UA

IndyMac Bancorp, Inc. (NYSE:IMB) operates as the holding company for IndyMac Bank, F.S.B., a thrift/mortgage bank, which provides mortgage products and services in the United States. The company operates in two segments, Mortgage Banking and Thrift. The Mortgage Banking segment offers adjustable-rate mortgages (ARMs), intermediate term fixed-rate loans, pay option ARMs, fixed-rate mortgages, conforming and non-conforming loans, construction-to-permanent loans, subprime mortgages, home equity lines of credits, and reverse mortgages.

* Savings and loan IndyMac Bancorp said Tuesday its second-quarter profit slipped 57% from the year-earlier period and that it wouldn't be providing a full-year forecast due an uncertain outlook for the housing and mortgage markets. The mortgage lender reported net earnings fell to $44.6 million, or 60 cents a share, from $104.7 million, or $1.49 a share the previous year. Net revenue dropped 21% from a year earlier to $297.8 million, the Pasadena, Calif.-based company said. Total mortgage-loan production volume fell 12% from the first quarter to $22.5 billion. Shares of IMB were up .31 cents or 1.43% on Tuesday.

NovaStar Financial, Inc., (NYSE:NFI) a specialty finance company, engages in the origination, purchase, securitization, sale, investment in, and service of residential nonconforming loans and mortgage-backed securities in the United States. It operates through three segments: Mortgage Portfolio Management, Mortgage Lending, and Loan Servicing.

* American Home Mortgage Investment Corp. said Tuesday it has missed margin calls from its lenders and hired advisers to consider strategic options including the liquidation of its assets. As a result, other mortgage loan companies, among them, Novastar Financial, plummeted because of the news. Shares of NFI sank $3.29 or 25.44% to $9.64 on the glum sub-prime news.

American Home Mortgage Investment Corp., (NYSE:AHM) a real estate investment trust (REIT), engages in the investment and origination of residential mortgage loans in the United States. The company primarily originates and sells securitized adjustable-rate mortgage loans, as well as engages in the sale of mortgage loans to institutional investors and servicing mortgage loans owned by others.

* American Home Mortgage plunged on Tuesday after hiring investment bankers to consider options that could include "the orderly liquidation of its assets." The Melville, N.Y., company hired Lazard and Milestone Advisors to oversee the process. The news comes as American Home has been sidelined by margin calls that have left it unable to borrow on its credit lines. The mortgage lender said Tuesday it has missed margin calls from its lenders and hired advisers to consider strategic options including the liquidation of its assets. Shares of the company plunged 90% to $1.04 on concern the company may file for bankruptcy protection. AHM closed down $9.43 or 90.07% to $1.04 on the NYSE on Tuesday.

Fremont General Corporation (NYSE:FMT) operates as the holding company for Fremont Investment & Loan, which engages in commercial and residential real estate lending business in the United States. It originates non-prime or sub-prime residential real estate loans through independent brokers on a wholesale basis, which are primarily sold to third party investors; and commercial real estate loans, including bridge, construction, and permanent loans on a nationwide basis.

* Fremont General shares also reacted to the dismal American Home Mortgage news on Tuesday. American Home said it couldn't fund lending obligations of $300 million Monday, plus an added $450 to $500 million as of Tuesday. Shares of FMT were down .71 cents or 10.96% on the NYSE.

Under Armour, Inc. (NYSE:UA) engages in the design, development, marketing, and distribution of a range of apparel and accessories utilizing various synthetic microfiber fabrications in the United States and internationally. It offers products for men, women, and youth extending across the sporting goods, outdoor, and active lifestyle markets.

* Shares of Under Armor Inc. jumped as high as 17% on Tuesday after the company reported better-than-expected profit across many of its apparel lines. The Baltimore-based apparel maker said its net income rose 135% to $5.7 million, or 11 cents a share, compared with $2.4 million, or 5 cents, a year earlier. Revenue rose 51% to $120.5 million compared with $79.9 million a year ago. UA shares skyrocketed $6.23 or 11.29% to close at $61.41 on the NYSE.

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.

Daily High Five for Tuesday July 31, 2007

Jersey City, NJ, Jul 31, 2007 (M2 PRESSWIRE via COMTEX) -- The LocateStock.com HIGH FIVE for Tuesday, July 31st are:

5 - Yingli Green Energy Holding - NYSE:YGE 4 - Turkish Investment Fund - NYSE:TKF 3 - Fremont General - NYSE:FMT 2 - Qiagen NV - NASDAQ:QGEN 1 - Dendreon - NASDAQ:DNDN

Yingli Green Energy Holding Company Limited, (NYSE:YGE) through its subsidiary, Baoding Tianwei Yingli New Energy Resources Co., Ltd., engages in the design, development, marketing, manufacturing, and installation and sale of photovoltaic products in the People's Republic of China and internationally. Its products include polysilicon ingots and wafers, photovoltaic cells and modules, and integrated photovoltaic systems.

* Solar energy company, Amtech said it has received a $4.9 million follow-on solar order from a recent new customer based in Asia, sending the company's shares up more than 10 percent. Amtech's Asian customer base is expanding and it comprises a number of Chinese customers, including Yingli Green Energy Holding. YGE shares joined in on Ametch's rally, gaining $1.09 or 6.39% on Monday, 7/30.

The Turkish Investment Fund, Inc. (NYSE:TKF) operates as a non-diversified, closed-end management investment company. It invests primarily in equity securities of Turkish corporations. The fund's portfolio comprises investments in airlines, commercial banks, construction materials, diversified financial services, food and staples retailing, food products, health care providers and services, industrial conglomerates, machinery, media, multiline retail, and real estate sectors.

* Morgan Stanley Investment Management, Inc. announced on July 20th that it will post selected information regarding the Morgan Stanley Investment Management-sponsored Institutional Closed-End Funds, to its public web-site at www.morganstanley.com/im on July 23, 2007. The posting will include information relating to each Fund's top 10 portfolio holdings for the month ended June 30, 2007. Morgan Stanley Investment Management intends to make top 10 holdings information for its Institutional Closed-End Funds available approximately 15 business days following the end of the most recent month. TKF is among Morgan Stanley Institutional Closed-End Funds. Shares of TKF lost .92 cents or 4.30% on the NYSE on Monday, 7/30.

Fremont General Corporation (NYSE:FMT) operates as the holding company for Fremont Investment & Loan, which engages in commercial and residential real estate lending business in the United States. It originates non-prime or sub-prime residential real estate loans through independent brokers on a wholesale basis, which are primarily sold to third party investors; and commercial real estate loans, including bridge, construction, and permanent loans on a nationwide basis.

* American Home Mortgage trading was halted by the New York Stock Exchange on Monday after shares plummeted on word the real estate investment trust suspended its 70-cent per-share quarterly dividends due to margin calls and write-downs. The news peripherally battered other lenders, including sub-prime lenders NovaStar Financial, lately off 16% to $2.59, and Fremont General, down .36 cents or 5.26% on the news Monday.

QIAGEN N.V., (NASDAQ:QGEN) through its subsidiaries, engages in the development, manufacture, and marketing of products for the handling, separation, purification, and subsequent use of nucleic acids and proteins. It offers sample and assay consumable products, which include disposable sample processing devices and/or other proprietary technologies; reagents and buffers; and a technical handbook that includes a detailed protocol and background information.

* On Friday July 27, 2007 HealthShares(TM) Inc., an investment company with a series of 20 underlying fund portfolios, today announced it has been informed by Standard & Poor's, the calculating agent for the HealthShares(TM) Diagnostics Index, that effective at the opening of trading on Monday July 30, CR Bard Inc. will replace Digene Corp. in the HealthShares(TM) Diagnostics Index. QIAGEN N.V. acquired all the outstanding shares of Digene Corp. QGEN shares were up .39 cents or 2.32% on NASDAQ on Monday, 7/30.

Dendreon, Corp. (NASDAQ:DNDN) a biotechnology company, engages in the discovery, development, and commercialization of therapeutics that harness the immune system to fight cancer. Its product portfolio includes active cellular immunotherapy, monoclonal antibody, and small molecule product candidates to treat various cancers.

* According to BusinessWeek Online late last week, prostate cancer patient advocates are up in arms these days over the FDA's controversial refusal in May to approve Dendreon's Provenge without further clinical trials, which could take a year or more to complete. Provenge is a novel cancer vaccine meant to prime the body's immune system to attack tumors, and if approved would have been the first new treatment in more than 20 years for advanced, stage-4 prostate cancer, which is almost always fatal. Some 30,000 men die each year in the U.S. from prostate cancer. Shares of DNDN were down .16 cents or 2.09% on the NASDAQ on Monday, 7/30.

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: Locate Stock, Inc. e-mail: pressrelease@locatestock.com Tel: +1 201 332 6800

M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.

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