LocateStock.com Daily High Five For Monday March 31, 2008

Jersey City, NJ – March 31, 2008

The LocateStock.com HIGH FIVE for Monday, March 31^st are:

5 – Sify Technologies Limited – NASDAQ:SIFY

4 – Sirius Satellite Radio – NASDAQ:SIRI

3 – Circuit City Stores – NYSE:CC

2 – Basin Water – NASDAQ:BWTR

1 – Lehman Brothers – NYSE:LEH

Sify Technologies Limited (NASDAQ:SIFY) provides Internet, network, and electronic commerce services in India. The company's corporate network/data services comprise various Internet protocol-based virtual private network offerings, including intranets, extranets, and remote access applications; and security solutions, such as security design, audit, procurement, and integration.

* Sify's stock closed up 19 cents or 4.48% to $4.43 on Friday on no news. There has been no news released by the company since late February.

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.

* Attorney generals from 11 states are asking Federal Communications Commission Chairman Kevin Martin to impose conditions on Sirius Satellite Radio's proposed acquisition of XM Satellite Radio. The attorneys said the FCC should consider asking the companies to give up some of their satellite spectrum so that a satellite radio competitor could emerge. Shares of SIRI closed down 3 cents or 1.06% to $2.80 on Friday, and closed down 11% on the week.

Circuit City Stores, Inc. (NYSE:CC) operates as a specialty retailer of consumer electronics, home office products, entertainment software, and related services. It sells brand-name consumer electronics, personal computers, entertainment software, and related services in Circuit City stores in the United States and via Web sites, www.circuitcity.com and www.firedog.com.

 

* On Friday, Buyins.net announced that Circuit City was added to the NYSE naked short threshold list. Circuit City shares lost 22 cents or 5.29% to $3.94 Friday.

 

Basin Water, Inc. (NASDAQ:BWTR) engages in the design, building, and implementation of systems for the treatment of contaminated groundwater. The company offers ion-exchange treatment system that reduces groundwater contaminant levels. Its system is installed at the site of the well to treat varying volumes of water.

 

* On Wednesday Basin Water announced the finalization of a ten-year technology services agreement with California Water Service Company (Cal Water) in its Salinas District for the removal of nitrates from groundwater at the District's 65-01 well site. Shares of BWTR were down 87 cents or 12.54% to close at $6.07 on Friday.

 

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 shares closed down on Friday after Citigroup upgraded the brokerage firm to "buy," citing the attractive valuation of its stock. Shares of Lehman lost 84 cents or 2.17% to $37.87, to finish the week down more than 20%. And on Sunday it was reported that Lehman plans to sue Marubeni, one of Japan's biggest trading firms for Y35bn ($352m) after the US bank fell victim to an alleged fraud perpetrated by two former employees of the Japanese group.

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.