LocateStock.com Daily High Five For Thursday March 20, 2008

Jersey City, NJ – March 20, 2008

 The LocateStock.com HIGH FIVE for Thursday, March 20^th are:

 

5 – E*TRADE Financial – NASDAQ:ETFC

4 – MF Global – NYSE:MF

3 – Bear Stearns – NYSE:BSC

2 – Thornburg Mortgage – NYSE:TMA

1 – Lehman Brothers – NYSE:LEH

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.

* E-Trade said Wednesday that it added 43,000 net new accounts in February - up from just 16,000 in January and backing up the company's Super Bowl advertising claim that it was adding 1,000 new accounts a day. Period-end retail accounts rose 6% from a year ago, though average daily trades dropped 17% in a weak market. Also on Wednesday, the online broker said R. Jarrett Lilien plans to resign as president and chief operating officer, less than three weeks after Donald Layton filled the vacant chief executive post. ETFC fell 16 cents or 4.43% to $3.45 on the NASDAQ Wednesday.

MF Global Ltd., (NYSE:MF) formerly Man Financial, is the leading broker of exchange-listed futures and options in the world with offices in Bermuda, New York, London, Chicago, Paris, Mumbai, Singapore, Sydney, Toronto, Tokyo, Hong Kong, Taipei and Dubai. It provides execution and clearing services for exchange-traded and over-the-counter derivative products as well as for non-derivative foreign exchange products and securities in the cash market.

* Futures broker, MF Global plummeted earlier this week on liquidity worries, but recouped a bit on Wednesday after saying it has "close to $1.4 billion" in uncommitted liquidity. "Rumors regarding (our) liquidity position are without merit," the New York-based company said in a statement. MF shot up an additional $1.19 or 14.57% to $9.36 after gaining 35% on Tuesday.

The Bear Stearns Companies, Inc. (NYSE:BSC) operates as an investment banking, securities and derivatives trading, and clearance and brokerage company serving governments, corporations, institutions, and individuals worldwide. It operates through three segments: Capital Markets, Global Clearing Services, and Wealth Management.

 

* TheStreet.com reported Wednesday that the JPMorgan buyout offer that Bear's shareholders find themselves ensnared by is not likely to loosen. The deal has a 98% chance of being wrapped in the coming weeks and months speculated a high-level executive at Bear, who spoke to TheStreet.com under condition of anonymity. Bear Stearns shares traded as high as 77% on Tuesday, but fell 58 cents or 9.82% to $5.33 on Wednesday.

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 Mortgages said on Wednesday that it would try to quickly raise nearly $1 billion of capital to keep five lenders at bay and avoid a collapse for the struggling "jumbo" home loan provider. The planned capital-raising, however, would dilute existing shareholders' stakes, said Thornburg, whose stock fell $1.48 or 49.66% to $1.50 on Wednesday.

 

Lehman Brothers Holdings, Inc., (NYSE:LEH) through its subsidiaries, provides various financial services to corporations, governments and municipalities, institutions, and high-net-worth individuals worldwide. The company operates in three segments: Capital Markets, Investment Banking, and Investment Management.

* Some of Wall Street's largest firms said on Wednesday that they borrowed money directly from the Federal Reserve using a new program set up recently to try to ease the credit crunch. Lehman Brothers confirmed that they borrowed money from the Fed's new Primary Dealer Credit Facility which was set up last week to try to head off another crisis of confidence like the one that felled Bear Stearns. Shares of LEH came off $4.26 or 9.16% to $42.23 after gaining more than 46% one day earlier, the largest single-day jump in the bank's history.

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.