LocateStock.com Daily High Five For Tuesday April 29, 2008

Jersey City, NJ – April 29, 2008

The LocateStock.com HIGH FIVE for Tuesday, April 29^th are:

5 – Circuit City – NYSE:CC

4 – Giant Interactive Group – NYSE:GA

3 – Lehman Brothers – NYSE:LEH

2 – IHOP – NYSE:IHP

1 – BlackRock Corporate High Yield Fund – NYSE:COY

 

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.

* A major shareholder in Circuit City Stores on Monday encouraged the electronics retailer to move forward with a proposed buyout offer from Blockbuster. Hedge fund HBK Investments, which also holds a stake in movie-rental company Blockbuster, disclosed in a filing with the U.S. Securities and Exchange Commission that it owns a 9.1% stake in Circuit City's common stock. CC shares lost 16 cents or 3.41% to $4.53 on Monday.

Giant Interactive Group, Inc. (NYSE:GA) develops and operates online games in the People's Republic of China. It focuses on massively multiplayer online (MMO) games that are played through networked game servers, in which thousands of players are able to connect and interact.

 

* Giant Interactive's shares jumped Monday after the Chinese online gaming company reported peak concurrent users for its game "ZT Online" hit about 2.1 million on Saturday, which Giant said is a record in the Chinese online gaming industry. Giant's stock rocketed $1.60 or 12.94% to $13.96 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.

* The Supreme Court on Monday refused to consider an appeal by a Lehman Brothers subsidiary that is fighting a $10 million tax bill from Delaware. The company said in court filings that Delaware's tax regime is unconstitutional, because it taxes all the earnings of its bank subsidiary, even though about 2% of the bank's income is earned in Delaware. Shares of LEH gained 65 cents or 1.39% to $47.52 on Monday.

IHOP Corp. (NYSE:IHP) and its subsidiaries develop, franchise, and operate International House of Pancakes (IHOP) restaurants in the United States and Canada. Its family restaurants feature table service, and food and beverage items.

* IHOP reported on Monday a 24% decline in quarterly profit, hurt by higher interest expense and other items related to its Applebee's acquisition, sending shares down as much as 8.8%. First-quarter net income available to common stockholders was $8.6 million, or 50 cents per share, down from $11.3 million, or 63 cents per share, a year earlier. IHP lost $2.90 or 5.62% to $48.70 on the news.

BlackRock Corporate High Yield Fund, Inc. (NYSE:COY) operates as a diversified, closed-end management investment company. It invests primarily in corporate bonds, preferred stocks, and short-term securities.

* COY shares fell 3 cents or .41% to $7.34 Monday on no news.

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, LLC