LocateStock.com Daily High Five For Friday June 13, 2008

Jersey City, NJ – June 13, 2008

The LocateStock.com HIGH FIVE for Friday, June 13^th are:

                       
5 – Diana Shipping – NYSE:DSX

4 – ReneSola – NYSE:SOL

3 – Excel Maritime Carriers – NYSE:EXM

2 – MBIA – NYSE:MBI

1 – Lehman Brothers – NYSE:LEH

Diana Shipping, Inc., (NYSE:DSX) through its subsidiaries, engages in the ocean transportation of dry bulk cargoes worldwide. Its fleet consists of dry bulk carriers that transport iron ore, coal, grain, and other dry cargoes along worldwide shipping routes.

* A key shipping index measuring drybulk vessel activity posted its largest one-day drop Thursday, dragged down as rates for the sector's biggest ships lost significant ground. The Baltic Dry Index sank 963 points Thursday to reach 10,142. The index had wavered, but remained above 11,000, since hitting an all-time high on May 20 of 11,793. The index, managed by the Baltic Exchange in London, had previously posted its biggest one-day skid of 443 points on Jan. 17. Shares of Diana Shipping dropped an additional $1.07 or 3.55% to $29.10 on Thursday after skidding 5.3% the day before.

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.

* On Wednesday, the Canadian-based solar technology company Arise Technologies announced its wholly owned subsidiary, Arise Technologies Deutschland, inked a six-year deal with Chinese alternative energy company, ReneSola to supply Arise with 203.5 megawatts of silicon wafers. Shares of ReneSola slipped an additional $1.78 or 9.37% to $17.22 on Thursday after falling 3.3% the day of the news.

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.

* A key shipping index measuring drybulk vessel activity posted its largest one-day drop Thursday, dragged down as rates for the sector's biggest ships lost significant ground. The Baltic Dry Index sank 963 points Thursday to reach 10,142. The index had wavered, but remained above 11,000, since hitting an all-time high on May 20 of 11,793. The index, managed by the Baltic Exchange in London, had previously posted its biggest one-day skid of 443 points on Jan. 17. Shares of EXM plunged an additional $4.53 or 11.10% to $36.28 on Thursday after falling more than 6% the day before.

MBIA, Inc., (NYSE:MBI) through its subsidiaries, provides financial guarantee insurance and credit protection products, as well as investment management services to public finance and structured finance issuers and investors, and capital market participants worldwide. It operates through two segments, Insurance and Investment Management Services.

* MBIA said Wednesday that it won't funnel $900 million into its bond-insurance unit because the subsidiary has enough money to pay future claims, and the company wants to use the capital to pursue other opportunities. Shares of MBI rose 46 cents or 9.48% to $5.31 on Thursday.

 

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 ousted CFO Erin Callan on Thursday as part of a top-level management shake-up three days after it warned of a big second-quarter loss. Lehman replaced Callan, who spent just five months on the job, with Ian Lowitt, who oversaw Callan's day-to-day responsibilities in most recent role as co-chief administrative officer. It also replaced President and Chief Operating Officer Joseph Gregory with Herbert "Bart" McDade III. McDade was in charge of Lehman's equities division and also has a background in fixed-income and corporate bonds. Shares of LEH lost an additional $1.05 or 4.42% to $22.70 on Thursday, putting the stock down almost 33% 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.

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SOURCE:        Locate Stock, LLC