LocateStock.com Daily High Five For Thursday January 17, 2008

Jersey City, NJ – January 17, 2008

The LocateStock.com HIGH FIVE for Thursday, January 17^th are:

5 – DryShips – NASDAQ:DRYS

4 – Converted Organics – NASDAQ:COIN

3 – MBIA – NYSE:MBI

2 – Ambac – NYSE:ABK

1 – JA Solar – NASDAQ:JASO

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.

* DryShips announced at a special meeting of shareholders held Wednesday that it will not go ahead with a planned 3-for-1 stock split for the time being because of "recent developments" in its share price. The drybulk shipping company said its board decided "it is in the best interests of the company and its shareholders to defer the proposed stock split until a more favorable time in order to preserve shareholder value." Shares of DRYS have been trading down all week, coming off more than 10% earlier in the week, to most recently lose $2.26 or 4.13% to $52.43 on Wednesday.

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.

 

* Converted 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 2.3% Tuesday and fell 27 cents or 2.15% to $12.31 on the NASDAQ Wednesday.

 

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.

* MBIA shed $2.65 to $13.40, declining on Ambac's news of a write-down, an executive layoff and dividend cut. At the same time, MBIA announced that its subsidiary, MBIA Insurance Corporation, has successfully closed its previously announced private offering of $1 billion Surplus Notes, which the Company has issued as part of its comprehensive plan to strengthen its capital. In connection with the completion of MBIA's Surplus Notes offering, Fitch Ratings also announced that it has reaffirmed the Company's Triple-A ratings with a "Stable Rating Outlook." Shares of MBI were down 6% Tuesday and an additional 16.5% Wednesday.

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.

* Shares of Ambac Financial Group recorded the largest loss on the S&P 500 index Wednesday and helped sent the index lower, after the bond insurer issued disappointing news to Wall Street. Ambac cut its dividend by two-thirds, replaced its chief executive and said it will write down $5.4 billion in its credit derivative portfolio. Shares declined $8.17 or 38.65% to $12.97, after earlier bottoming out at $12.92, their lowest point since February 1995.

JA Solar Holdings Co., Ltd. ( NASDAQ:JASO) through its subsidiaries, designs, manufactures, and sells solar cells primarily in the People's Republic of China. It offers mono-crystalline solar cells. The company sells its products primarily through a team of sales and marketing personnel to solar module manufacturers, who assemble and integrate its solar cells into modules and systems that convert sunlight into electricity.

* Despite upgrades and positive analyst notes, investors dumped solar-power stocks on Wednesday as oil prices fell and investors continued to place weight on an energy bill that did not extend solar incentives. Shares of JASO sold off $2.96 or 4.63% to $60.92 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.