Wednesday, May 21, 2008
LocateStock.com Daily High Five For Wednesday May 21, 2008

Jersey City, NJ – May 21, 2008

The LocateStock.com HIGH FIVE for Wednesday, May 21st are:

5 – ReneSola – NYSE:SOL

4 – Pyramid Oil – AMEX:PDO

3 – Excel Maritime Carriers – NYSE:EXM

2 – Solarfun Power Holdings – NASDAQ:SOLF

1 – DryShips – NASDAQ:DRYS

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 ReneSola felt a squeeze on Monday falling 72 cents or 2.59% to $27.08. The stock rose 48% in one week on news of a profitable quarter.

Pyramid Oil Company (AMEX:PDO) engages in the exploration, development, and production of crude oil and natural gas. It holds oil and gas property interests primarily in California, as well as in New York, Wyoming, and Texas. The company sells oil and gas primarily to crude oil purchasers, refineries, or pipeline companies.

* Pyramid Oil maintained their run among the biggest percentage gainers in Tuesday's trading among companies with market capitalizations under $750 million. Shares of PDO rocketed $4.55 and an additional 24.86% to $22.85 after rising more than 16% on Monday.

Excel Maritime Carriers, Ltd. (NYSE:EXM) engages in the ownership and operation of dry bulk carriers, and in the provision of seaborne transportation services for dry bulk cargoes, such as iron ore, coal and grains, bauxite, fertilizers, and steel products worldwide. As of June 26, 2007, the company's fleet consisted of 16 vessels comprising 10 Panamax and 6 Handymax vessels with a total carrying capacity of 965,249 deadweight tonnage.

* Jim Cramer says that some of the biggest names in dry-bulk shipping have doubled, or come close to it, since the sector's mid-January bottom, and that there's still money to be made in the sector. For instance, shares of the Greek drybulk shipper Excel Maritime rocketed on Monday after it reported first-quarter earnings that tripled from a year-ago and topped Wall Street's expectations. Shares of EXM gained $1.32 or 2.46% to $55.03 after falling 7% on Tuesday.

Solarfun Power Holdings Co., Ltd., (NASDAQ:SOLF) through its subsidiary, Jiangsu Linyang Solarfun Co., Ltd., engages in the development, manufacture, and sale of photovoltaic (PV) cells and PV modules primarily in the People's Republic of China. It offers monocrystalline silicon cells and modules, and multicrystalline silicon cells and modules to system integrators, as well as through third party distributors.

* Solar company Solarfun Power Holdings skyrocketed 54% last week while proving to be among the most-searched stocks on TheStreet.com. Ahead of Wednesday's earnings announcement, shares of SOLF traded flat to gain 6 cents or .24% to $25.24 on Tuesday. The stock rocketed more than 10% on Monday.

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.

* After Monday's close DryShips said it more than doubled its first-quarter net income, beating market expectations, helped by higher freight rates and an enlarged fleet. For the first quarter, the shipping company earned $176.3 million, or $4.61 a share, compared with $67.8 million, or $1.91 million, a year earlier. The shipper has been a popular HIGH FIVE stock, gaining 20% in the last week only to have its momentum slowed this week. DRYS lost more than 5% on Monday and fell an additional $5.75 or 5.48% to $99.25 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. 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

 

CONTACT:     pressrelease@locatestock.com / 201-332-6800

SOURCE:        Locate Stock, LLC


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