Monday, January 28, 2008
LocateStock.com Daily High Five For Monday January 28, 2008

Jersey City, NJJanuary 28, 2008

The LocateStock.com HIGH FIVE for Monday, January 28th are:

5 – Doral Financial – NYSE:DRL

4 – Medivation – NASDAQ:MDVN

3 – Arthrocare – NASDAQ:ARTC

2 – MBIA – NYSE:MBI

1 –Ambac – NYSE:ABK

Doral Financial Corporation, (NYSE:DRL) through its subsidiaries, provides a range of financial services primarily in Puerto Rico and New York. The company operates through four segments: Mortgage Banking, Banking, Insurance Agency, and Institutional Securities.

* On January 17th, Doral Financial said the Federal Deposit Insurance Corp terminated a cease and desist order placed on the company's main bank subsidiary. The order has been in place since March 16, 2006, after the San Juan, Puerto Rico-based bank said in April 2005 that it was restating several years of financial statements. Shares of DRL were trading down last Friday, to lose $2.00 or 9.39% to $19.31.

Medivation, Inc. (NASDAQ:MDVN) a biopharmaceutical company, engages in the acquisition, research, and development of various medical technologies. It develops small molecule drugs for the treatment of Alzheimer's disease, Huntington's disease, and Hormone-Refractory Prostate Cancer.

* On January 17th, Roth Capital initiated coverage on Medivation to "Buy." Shares of MDVN traded higher Friday to gain 46 cents or $3.20 on the NASDAQ.

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.

* Shares of Arthrocare fell $1.94 or 4.84% to $38.11 Friday on no news. ARTC closed down 22% on the week.

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.

* Shares of bond insurers traded mixed Friday after a report said turnaround specialist Wilbur Ross was in talks to buy Ambac Financial Group. Shares of MBI lost 20 cents or 1.39% to $14.20. The stock gained 66% on the week after losing 61% the previous week.

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 Financial shares gained 1.85% Friday as investors reacted to a U.K. newspaper report that the embattled bond insurer may be acquired by Wilbur Ross, a billionaire investor who specializes in distressed companies and industries. The Evening Standard reported that negotiations between the Ross and the beleaguered bond insurer are serious and progressing well, and a deal could come within the next two weeks. ABK rose 21 cents to $11.54. The stock was up more than 86% on the week.

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.

 

 

 

 


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