LocateStock.com Daily High Five For Monday January 14, 2008

 

Jersey City, NJ – January 14, 2008

The LocateStock.com HIGH FIVE for Monday, January 14^th are:

5 – Ambac Financial Group – NYSE:ABK

4 – Akeena Solar – NASDAQ:AKNS

3 – DryShips – NASDAQ:DRYS

2 – MBIA – NYSE:MBI

1 – Countrywide Financial – NYSE:CFC

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.

* Jim Cramer of CNBC believes the market is frantic as shorts try to cover their bets on the bond insurers. On Friday he said, "Today's a big short-squeeze day. 'Let's short squeeze Ambac. Shares of ABK hit new lows and lost 18.5% early in the week only to end Friday up by $2.32 or 11.95% to $21.73.

Akeena Solar, Inc. (NASDAQ:AKNS) engages in the design, integration, installation, marketing, and sale of solar power systems for residential and small commercial customers in the United States. It principally focuses on the design and integration of grid-tied solar power systems, which are electrically connected to the utility grid so that excess energy produced during the day flows backwards through the utility's electric meter.

* Some solar-power stocks rebounded on Friday following a recent sell-off sparked by lower oil prices and fears of a U.S. economic recession. Akeena Solar led the sector, with shares advancing 57 cents or 5.36% to $11.20. At Thursday's close of $10.63, the stock was down more than 29% for the week.

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.

*Analysts from Bear Stearns, Jefferies & Company, JPMorgan Securities and Lazard Capital Markets will participate in a Virtual Panel Discussion on the dry bulk shipping sector on Tuesday, January 15, 2008 at 2:00 pm. The Analyst Forum is organized by Capital Link, a New York based Investor Relations and Financial Communications firm focusing on shipping. Shares of drybulk shippers fell last week in reaction to the Baltic Dry Index tumbling to its lowest point in nearly three months. DRYS lost 12% Wednesday and Thursday and gained back $1.64 or 2.75% to $61.27 on the NASDAQ Friday.

MBIA, Inc., (NYSE:MBI) through its subsidiaries, provides financial guarantee insurance and credit protection products, as well as investment management services to public finance and structured finance issuers and investors, and capital market participants worldwide. It operates through two segments, Insurance and Investment Management Services.

 

* Jim Cramer of CNBC believes the market is frantic as shorts try to cover their bets on the bond insurers. On Friday he said, "Today's a big short-squeeze day. 'Let's short squeeze MBIA. However, on Friday, MBIA gained $2.48 or 17.58% to $16.59. On Thursday, the bond insurer said it was trying to raise $1 billion in new debt to keep its "AAA" financial strength rating and keep its business viable. Shares of MBI lost 25% in the first part of the week and then added 5.3% Thursday, and an additional $2.48 or 17.58% to $16.59 on Friday.

Countrywide Financial Corporation, (NYSE:CFC) a holding company, engages in mortgage lending and other finance-related operations. The company operates in five segments: Mortgage Banking, Banking, Capital Markets, Insurance, and Global Operations.

* Shares of Countrywide Financial weighed down the Standard & Poor's index Friday, following news that Bank of America is buying the struggling mortgage lender. Countrywide's stock declined $1.42 or 18.32% to $6.33, following a 52% rise on Thursday amid speculation of the deal.

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.