4 – SunPower Corp. – NASDAQ:SPWR
3 – VMware – NYSE:VMW
2 – BIDZ.com – NASDAQ:BIDZ
1 – DryShips – NASDAQ:DRYS
* Dry bulk rates in the forward market have spiked over the last few days, increasing 10% on Wednesday alone. For 2008, the average forward spot rate on
SunPower Corporation (NASDAQ:SPWR) engages in the design, development, manufacture, and marketing of solar electric power products primarily in the
VMware, Inc. (NYSE:VMW) and its subsidiaries provide virtualization solutions worldwide. Its virtualization solutions separate the operating system and application software from the underlying hardware to achieve improvements in efficiency, availability, flexibility, and manageability.
* VMware extended its gains after a Merrill Lynch analyst upgraded the stock to buy from neutral. VMware could end up as the market leader since its functionality and "partner ecosystem" is at least two years ahead of its rivals, Merrill said. The stock also received a positive mention from Citigroup. Shares of VMware were up $3.16, or 3.6%, to $90.85, and are up 22% previously, on the week.
BIDZ.com, Inc. (NASDAQ:BIDZ) operates as an online retailer of jewelry primarily in the
* Bidz shares have declined throughout the week after a report published Monday by Citron Research alleged, among other things, that the company holds excessive inventory. In a conference call Tuesday, Bidz CEO David Zinberg denied several of Citron's allegations. This after the online jewelry retailer reaffirmed its fourth-quarter outlook for $56 million to $58 million in revenue and $5.6 million to $6.0 million in pre-tax income. Shares of BIDZ were down 60% on the week before gaining 15% to $11.62 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
* Shares of shippers rose in trading Thursday as rates for drybulk vessels recovered and oil tankers benefited from a surge in oil prices. Also Thursday, a Citi Investment Research analyst upgraded shares of General Maritime to "Hold" from "Sell," while a UBS analyst raised Double Hull Tankers to "Buy" from "Neutral." DryShips gained 3.5% on the news, after riding a 15% wave the previous session.
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.
CONTACT: pressrelease@locatestock.com / 201-332-6800
SOURCE: Locate Stock, Inc.
