LocateStock.com Daily High Five For Wednesday January 16, 2008

Jersey City, NJ – January 16, 2008

The LocateStock.com HIGH FIVE for Wednesday, January 16^th are:

5 – MBIA – NYSE:MBI

4 – Yingli Green Energy – NYSE:YGE

3 – DryShips – NASDAQ:DRYS

2 – Converted Organics – NASDAQ:COIN

1 – Ocwen Financial – NYSE:OCN

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.

* According to the Wall Street Journal, for the first time in weeks, MBIA Inc. has pulled off a big debt offering to help escape a possible credit downgrade. While the stock is up more than 50% from a 52-week low hit just five days ago, investors should consider a few outstanding issues before getting too comfortable: mounting mortgage-related losses; soaring capital-raising costs; and a tougher playing field for its core business of insuring municipal bonds as well-capitalized newcomers, such as Warren Buffett's Berkshire Hathaway Assurance Corp., line up new clients. Shares of MBI were up 2.8% Monday and down $1.00 or 5.87% to $16.05 Tuesday.

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.

* Yingli Green Energy announced Monday that it has agreed to supply solar-power systems with 7 megawatts worth of generating capacity to EDF Energies Nouvelles. Yingli did not disclose financial terms of the agreement. EDF, a French electricity generator, has an option to order an additional 6 megawatts worth of photovoltaics. All of the orders will be delivered in 2008. Shares of YGE plummeted $5.57 or 16.27% to $28.66 on Tuesday.

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.

* Drybulk shipping stocks fell sharply Tuesday, as an analyst said investors appear overly concerned about the sector's ability to sustain its bullish growth through 2008. JPMorgan analyst Jonathan B. Chappell said investors are worried that a potential U.S. recession could hurt global growth, especially in key drybulk regions such as China. The drybulk sector has benefited from booming demand for steel, coal, and other commodities there and in other parts of Asia. Shares of DRYS were down 9% last week, lost 1% Monday and an additional $5.66 or 9.35% to $54.89 Tuesday.

Converted Organics, Inc., (NASDAQ:COIN) a development stage company, intends to manufacture, sell, and distribute natural soil amendment products combining nutritional and disease suppression characteristics. It uses organic food waste as raw material to manufacture soil amendment products.

 

* Convereted Organics announced Tuesday that it secured a Rhode Island site for a second organic fertilizer facility. The company announced that they executed an Option to Lease with the Rhode Island Resource Recovery to build a state-of-the-art organic fertilizer facility in Johnston, RI. The Lease Option represents the second such contract secured by Converted Organics in two years; the company's first facility is under construction in Woodbridge, NJ. Shares of COIN were up 28 cents or 2.28% to $12.58 on the NASDAQ.

 

Ocwen Financial Corporation (NYSE:OCN) provides servicing and origination processing solutions to the loan industry. It operates in three segments: Residential Servicing, Ocwen Recovery Group, and Residential Origination Services. The Residential Servicing segment offers residential mortgage loans, primarily subprime mortgages.

 

* Ocwen Financial was among the financial winners in Tuesday's sell-off rocketing 53.02% after a buyer group led by CEO William Erbey offered to take it private for $7 a share. The group is also being led by Oaktree Capital Management and Angelo, Gordon & Co., and Erbey plans on allowing the bank's senior management to get in on the deal, as well. If and when the takeout goes through, Erbey intends to stay on as chairman and CEO. Shares of the Florida bank were flying $2.11 higher to close at $6.09.

 

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.