LocateStock.com Daily High Five For Thursday May 15, 2008

Jersey City, NJ – May 15, 2008

 

The LocateStock.com HIGH FIVE for Thursday, May 15^th are:

5 – Geron Corp. – NASDAQ:GERN

4 – Lehman Brothers – NYSE:LEH

3 – Canadian Solar – NASDAQ:CSIQ

2 – DryShips – NASDAQ:DRYS

1 – ReneSola – NYSE:SOL

Geron Corporation, (NASDAQ:GERN) a biopharmaceutical company, develops biopharmaceuticals for the treatment of cancer and chronic degenerative diseases, including spinal cord injury, heart failure, and diabetes. The company develops a range of anti-cancer therapies, including anti-cancer therapies based on telomerase inhibitors, telomerase therapeutic vaccines, and telomerase-based oncolytic viruses, and diagnostics based on telomerase detection.

* Biopharmaceutical company Geron Corp said on Wednesday that a hold was placed by the Food and Drug Administration on GRNOPC1, the company's experimental cell therapy for spinal cord injury. The stock plunged 19.59% or 96 cents to close the day at $3.94. The company -- which has been developing the drug for four years -- said the FDA told it verbally about the hold but has not yet sent a formal letter with details.

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.

* According to an analyst from Goldman Sachs, Lehman may suffer a second-quarter loss, as Wall Street investment banks take hits from slower client and investment banking activity and poor results from principal and proprietary trading. The analyst is also predicting a second-quarter loss at Lehman. Shares of LEH lost an additional 72 cents or 1.68% to $42.23 after falling more than 3.5% on Tuesday.

Canadian Solar, Inc., (NASDAQ:CSIQ) together with its subsidiaries, engages in the design, development, manufacture, and marketing of solar module products that convert sunlight into electricity for various uses. Its products include a range of standard solar modules to general specifications for use in various residential, commercial, and industrial solar power generation systems.

* Shares of Canadian Solar rose an additional 7.9% after rising almost 20% the day before when the company posted a first-quarter profit that topped Wall Street estimates. Canadian Solar also issued a strong second-quarter outlook. Shares of the company soared to a new high on Wednesday of $45.99 before ending up $3.22 to $44.00.

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.

* DryShips announced Tuesday that it will release its results for the first quarter 2008, after the market closes in New York on Monday, May 19, 2008. DryShips' management team will host a conference call on Tuesday, May 20, 2008, at 9:30 a.m. Eastern Daylight Saving Time to discuss the Company's financial results. Shares of DRYS rose an additional 84 cents or .86% to $99.04 on Wednesday after already being up more than 6.5% this week.

ReneSola, Ltd., (NYSE:SOL) through its subsidiaries, engages in the manufacture and sale of solar wafers and related products in the People's Republic of China. It offers feedstock, ingots, and wafers for the solar industry. The company sells solar wafers to Chinese and international PV cell manufacturers.

* Shares of Chinese solar wafer maker ReneSola surged on Wednesday after it said its first-quarter profit nearly tripled, boosted by increased production. Shares of SOL rose 63 cents or 2.91% to $22.30.

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. LocateStock TV is 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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SOURCE:        Locate Stock, LLC