Thursday, May 22, 2008
LocateStock.com Daily High Five For Thursday May 22, 2008

Jersey City, NJ – May 22, 2008

The LocateStock.com HIGH FIVE for Thursday, May 22nd are:

5 – Excel Maritime Carriers – NYSE:EXM

4 – Fieldpoint Petroleum – AMEX:FPP

3 – DryShips – NASDAQ:DRYS

2 – Solarfun Power Holdings – NASDAQ:SOLF

1 – Pyramid Oil – AMEX:PDO

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.

* For Wednesday, Pete Najarian recommends getting long on Excel Maritime, while Jim Cramer believes that there's still money to be made in the sector. The Greek drybulk shipper rocketed on Monday after it reported first-quarter earnings that tripled from a year-ago and topped Wall Street's expectations. Shares of EXM have traded mixed this week to most recently come off $1.93 or 3.51% to $53.10 on Wednesday.

Fieldpoint Petroleum Corporation (AMEX:FPP) engages in the acquisition, operation, and development of oil and natural gas properties in Louisiana, New Mexico, Oklahoma, Texas, and Wyoming. It holds interests in North Bilbrey field located outside of Hobbs, New Mexico; Longwood field located north of Greenwood, Louisiana; Lusk field located outside of Hobbs, New Mexico; Loving North Morrow field located two miles west of Loving, New Mexico and 12 miles south east of Carlsbad, New Mexico; and Chickasha field located approximately 65 miles southwest of Oklahoma city, Oklahoma.

* Fieldpoint Petroleum was among the biggest percentage gainers in Wednesday's trading among companies with market capitalizations under $750 million. Shares of FPP rocketed $1.33 or 22.93% to $7.13 Wednesday on the AMEX.

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.

* A Jefferies analyst reiterated his "Buy" rating on DryShips on Wednesday, saying shares of the Greece-based bulk shipper are attractively priced after the company posted better-than-expected first-quarter earnings. In Monday's earnings the company said it more than doubled its first-quarter net income and beat market expectations. 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% last week only to trade mixed this week. DRYS gained $3.11 or 3.13% to $102.36 and is down 2.5% so far on-the-week.

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 gained 4.99% Wednesday on news that the solar company swung to a first-quarter profit. Solarfun said its first-quarter earnings rose to $15.3 million, or 32 cents per American Depositary Receipt, on $131.3 million in revenue, as higher selling prices offset higher raw-materials costs. Shares of SOLF traded gained $1.26 to $26.50 on the news, and is up more than 15% so far on-the-week.

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 Wednesday's trading among companies with market capitalizations under $750 million. Shares of PDO rocketed $4.25 or 18.6% to $27.10 after previously adding more than 40% this week.

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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