LocateStock.com Daily High Five For Thursday January 24, 2008

Jersey City, NJ – January 24, 2008

The LocateStock.com HIGH FIVE for Thursday, January 24^th are:

5 – Arthrocare – NASDAQ:ARTC

4 – JA Solar Holdings – NASDAQ:JASO

3 – MBIA – NYSE:MBI

2 – Ambac – NYSE:ABK

1 – MGIC Investment – NYSE:MTG

ArthroCare Corporation (NASDAQ:ARTC) engages in the design, development, manufacture, and marketing of medical devices for use in soft-tissue surgery primarily in the United States and internationally. Its products are based on the patented soft-tissue surgical controlled ablation technology.
* On January 15^th Bear Stearns initiated coverage on Arthrocare to "Outperform.' Shares of ARTC gained 4% Tuesday and lost $2.43 or 4.97% to $46.50 on the NASDAQ Wednesday.

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.

* Shares of solar-power companies plunged Wednesday despite a few analyst upgrades, as oil prices fell further and investors dumped risky stocks amid continued market turmoil. Though oil prices and solar power are not directly linked, cheaper oil sometimes leads to a sell-off of alternative energy stocks. JASO rose more than 7% on Tuesday and lost 51 cents or .84% to $59.91 on the NASDAQ Wednesday.

MGIC Investment Corporation, (NYSE:MTG) through its subsidiary, provides private mortgage insurance to the home mortgage lending industry in the United States. The private mortgage insurance covers residential first mortgage loans and expands home ownership opportunities by enabling people to purchase homes.

* MGIC plummeted nearly 20% Wednesday in mid-afternoon after saying it will likely lose about $1.3 billion in the fourth quarter, in light of a year-end delinquency inventory that ballooned 17.9% to 107,120 loans from Sept. 30 numbers. Shares steadied themselves to close up 5 cents or .31% to $16.10 on the NYSE.

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 surged 33% in Wednesday afternoon after the Financial Times reported that New York insurance regulators have asked the bond insurers' major counterparties to pump $15 billion of fresh capital into the struggling industry. Shares of MBI closed up $4.08 or 32.56% to $16.61 after surging 47% a day earlier. Shares of MBI were down 61% the week before.

 

The New York State Insurance Department said Tuesday it is working with the beleaguered bond insurance market to ensure the stability and availability of bond insurance. MBIA has raised more than $1 billion over the past month in an effort to maintain its rating. On Friday, a Bank of America analyst cut its ratings on MBIA to "neutral" from "buy." Shares of MBI fell 61% last week, and started this week off in the green, gaining $3.98 or 46.55% to $12.53.

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.

* Ambac surged 71.89% in Wednesday afternoon after the Financial Times reported that New York insurance regulators have asked the bond insurers' major counterparties to pump $15 billion of fresh capital into the struggling industry. Shares of ABK rose 29% a day earlier after declining a stunning 72% last week. At the close on Wednesday, the stock was up $5.73 to $13.70.

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

 

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