LocateStock.com Daily High Five For Wednesday February 6, 2008

Jersey City, NJ – February 6, 2008

The LocateStock.com HIGH FIVE for Wednesday, February 6^th are:

5 – Converted Organics – NASDAQ:COIN

4 – DryShips – NASDAQ:DRYS

3 – Ambac – NYSE:ABK

2 – MBIA – NYSE:MBI

1 – Arthrocare – NASDAQ:ARTC

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 last week the details concerning the purchase of United Organic Products and Waste Recovery Industries. The purchase of the assets of United Organic Products, LLC (UOP) of Gonzales, CA, as well as the assets, including the intellectual property, of Waste Recovery Industries, LLC (WRI) of Paso Robles, CA. Shares of COIN were up 8 cents or .82% to $9.78 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.

* According to a press release put out Monday, the company announced that the transcript of the CEO Dry Bulk Forum which took place on Wednesday, January 30, 2008 is available at no cost and anyone interested may request a copy through www.capitallinkshipping.com. An audio replay is also available on www.capitallinkshipping.com and will remain archived on the site under "Events" for a period of three months. Shares of DRYS were down 2.2% Monday and an additional $4.77 or 6.56% to $67.90 on the NASDAQ Tuesday.

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.

* Fitch Ratings is considering slashing its rating on MBIA the ratings agency said Tuesday, posing the latest threat to the beleaguered bond insurance industry and the trillions of dollars in debt it protects. Shares of MBI were down 6% Monday and an additional 49 cents or 3.18% to $14.90 on Tuesday.

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.

* Municipal bond investors are in a wary frame of mind this week as they waited to learn whether ratings agencies will downgrade some ailing bond insurers. To date the most aggressive agency in issuing downgrades has been Fitch Ratings, which has cut ratings on the insurer Ambac Financial Group. The downgrade made it nearly impossible for the insurer to insure new issues. Previously, Standard & Poor's put Ambac on its negative watch list. Shares of ABK were down 14% Monday and finished flat the following day to close at $11.39.

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.

* Trading in shares of Arthrocare lost 7 cents or .18% to $39.23 after finishing flat the previous day. The stock has managed to maintain its presence on the HIGH FIVE for the past 11 days.

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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