LocateStock.com Daily High Five For Friday March 14, 2008

Jersey City, NJ – March 14, 2008

The LocateStock.com HIGH FIVE for Friday, March 14^th are:

5 – TBS International Limited – NASDAQ:TBSI

4 – DryShips – NASDAQ:DRYS

3 – Trina Solar – NYSE:TSL

2 – E*Trade Financial – NASDAQ:ETFC

1 – Thornburg Mortgage – NYSE:TMA

 

TBS International Limited, (NASDAQ:TBSI) an ocean transportation services company, offers shipping solutions through liner, parcel, bulk, and vessel chartering services. Its liner, parcel, and bulk services primarily carry steel products, salt, sugar, grain, fertilizers, chemicals, metal concentrates, aggregates, and general cargo.

* Ocean transportation services company TBS International reported Thursday that quarterly profit more than doubled driven by a surge in voyage revenue. Net income for the fourth quarter was $35.2 million, or $1.26 a share, compared with $14.4 million, or 51 cents a share, in the year-ago period. Shares of TBSI lost $1.70 or 5.24% to $30.73 on Thursday.

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.

* Shares of Dryships fell Wednesday after an index of shipping rates fell sharply and a Cantor Fitzgerald analyst cut her earnings estimate. The analyst kept her "Buy" rating on the stock, but cut the price target to $114 from $121 after the Greek company filed paperwork last week to boost the number of outstanding shares to 6 million. Additionally, twenty listed company CEOs and CFOs, as well as several analysts, will participate in the panels or make presentations at The 2nd Annual Capital Link Forum "Invest in International Shipping" that will take place on Thursday, March 20, 2008 in New York City at the Metropolitan Club. The stock fell 7.5% Wednesday and an additional 7 cents or .11% to $62.65 on Thursday.

Trina Solar Limited (NYSE:TSL) through its subsidiary, Changzhou Trina Solar Energy Co., Ltd., principally engages in the manufacture and sale of solar photovoltaic modules in the People's Republic of China and internationally. Its solar modules provide electric power for residential, commercial, industrial, and other applications worldwide.

 

* Trina Solar shares lifted on Thursday after JA Solar reported earnings that rose 46.7% to $13.5 million, or 9 cents per share, from $9.2 million, or 11 cents per share, a year earlier. JA Solar's sales climbed to $144.2 million from $47.9 million. Shares of TSL had a sunny day on the news, with the stock up $3.89 or 13.96% to $31.76 on the NYSE.

 

E*TRADE Financial Corporation, (NASDAQ:ETFC) through its subsidiaries, offers financial solutions to retail and institutional customers worldwide. It provides retail investments and trading, which include automated order placement, and execution of market and limit equity, futures, options, exchange-traded funds, mutual funds, and bond orders, as well as offers quick transfer, wireless account access, extended hours trading, quotes, and research and advanced planning tools.

* On Monday, Donald Layton became the newly appointed chief executive of E-Trade Financial. Layton said there are no plans to sell or break up the embattled online brokerage, and that the company's $12 billion in troubled home equity loans on its books will force it to rebuild. The Wall St. Journal reported that the new CEO's pay package consists of a base salary of $1 million a year and has been granted a big slug of stock options and restricted stock valued at an additional $15.4 million. The pay package includes a $5 million severance package if he is terminated without cause or, in the event there is a change. Shares of ETFC rose 9 cents or 2.39% to $3.86 Thursday after falling nearly 2% the day before.

Thornburg Mortgage, Inc. (NYSE:TMA) operates as a single-family residential mortgage lending company. It originates, acquires, and retains investments in adjustable and variable rate mortgage (ARM) assets.

* Thornburg Mortgage crumbled more than 20% on Thursday after receiving a default notice from Morgan Stanley. Morgan had loaned Thornburg $49 million and the jumbo lender couldn't pay its $9 million margin call. The stock had started to make a slight recovery in value over the last few days, but that came to a crashing halt as shares slid 59 cents to $2.26 on the NYSE. The stock was up 83% just one day before.

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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