LocateStock.com Daily High Five For Thursday March 27, 2008

Jersey City, NJ – March 27, 2008

The LocateStock.com HIGH FIVE for Thursday, March 27^th are:

 

5 – PC Mall – NASDAQ:MALL

4 – Thornburg Mortgage – NYSE:TMA

3 – Bear Stearns – NYSE:BSC

2 – Lehman Brothers – NYSE:LEH

1 – Sirius Satellite Radio – NASDAQ:SIRI

 

PC Mall, Inc. (NASDAQ:MALL) operates as a rapid response direct marketer of computer hardware, software, peripherals, electronics, and other consumer products and services. Its product portfolio comprises notebooks, desktops and servers, software, home electronics, printers and related supplies, storage and related supplies, displays, network and telecommunications, accessories, memory, and input devices.

* Last week PC Mall announced that Joseph Hayek joined the Company as Executive Vice President, Corporate Development and Investor Relations. Mr. Hayek will be responsible for optimizing PC Mall's strategic and corporate development efforts, with a particular focus on strategic acquisitions and other growth opportunities, and will also lead the company's investor relations efforts. Shares of MALL fell 31 cents or 2.83% to $10.64 on Wednesday and are down more than 24% this week.

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.

* Mortgage lender and investor Thornburg Mortgage said on Tuesday that it will raise $1.35 billion through a private-placement deal to help keep the company in business and avoid bankruptcy. Shares of TMA rocketed more than 36% on Tuesday and ended the day down 21 cents or 12.14% to $1.52 on Wednesday.

 

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.

* About 60 protesters opposed to the U.S. Federal Reserve's help in bailing out Bear Stearns entered the lobby of the investment bank's Manhattan headquarters on Wednesday, demanding assistance for struggling homeowners. Demonstrators organized by the Neighborhood Assistance Corporation of America chanted "Help Main Street, not Wall Street" and entered the lobby without an invitation for around half an hour before being escorted out by police. Shares of BSC were up 27 cents or 2.47% to $11.21 on Wednesday. The stock rocketed 89% on Monday.

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.

 

* Lehman Brothers has been on the HIGH FIVE for seven days straight. Most recently in the news, an analyst at Fox-Pitt Kelton Cochran Caronia Waller Tuesday cut his fiscal second-quarter profit forecast on Lehman Brothers to $1.48 from $1.97 a share. He also dropped his outlook on the stock for 2009 and the price target on the stock was lowered to $70 from $83. Shares of LEH fell an additional $2.72 or 6.02% to $42.49 and are down more than 13% this week.

Sirius Satellite Radio, Inc. (NASDAQ:SIRI) provides satellite radio services in the United States. It offers commercial-free music channels that provide a selection of music genres, such as rock, pop, hip-hop, country, dance, jazz, Latin, and classical; and channels of sports, news, talk, entertainment, traffic, weather, and data content.

* Just one day after the Justice Department gave the XM-Sirius merger the go-ahead, it was reported that the Federal Communications Commission is likely to approve the acquisition as well. The Justice Department said the proposed $4.59 billion transaction would not reduce competition, and could therefore not be opposed on antitrust grounds.

Shares of SIRI lost an additional 7 cents or 2.27% to $3.02 on Wednesday after falling 2% on Tuesday.

 

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.