Jersey City, NJ – June 19, 2008

The LocateStock.com HIGH FIVE for Thursday, June 19^th are:

5 – Canadian Solar – NASDAQ:CSIQ

4 – Kodiak Oil & Gas – AMEX:KOG

3 – VirnetX Holding Corp. – AMEX:VHC

2 – Fieldpoint Petroleum – AMEX:FPP

1 – Lehman Brothers – NYSE:LEH

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 Wednesday after the maker of solar cells and modules raised its 2008 revenue guidance, citing stronger sales to German customers. The company said it expects sales this year of $750 million to $870 million, up from a previous forecast of $650 million to $750 million. Shares of CSIQ rose an additional $4.00 or 8.51% to $51.00 after rocketing more than 10.5% the day before.

Kodiak Oil & Gas Corp. (AMEX:KOG) and its subsidiaries engage in the exploration, exploitation, development, acquisition, and production of natural gas and crude oil in the western United States. Its oil and natural gas reserves and operations are located in two Rocky Mountain Basins.

* Shares of Kodiak Oil traded flat through most of Wednesday's session. However, at about 12:15 p.m. the stock spiked in volume and shot higher. The advance has taken the stock over resistance and to its highest level since August 2007. KOG rocketed $1.21 or 31.51% to $5.05 on Wednesday.

VirnetX Holding Corporation, (AMEX:VHC) a development-stage company, focuses on developing solutions for real-time communications, such as instant messaging and voice over Internet protocol (VoIP) in the United States. The company is developing 'single-click' and 'zero-click' security solutions for real-time communications; and 'end-to-end' security for VoIP, video conferencing, and other types of peer-to-peer collaboration.

* On Monday, VirnetX said that on June 3, 2008, the court denied the Motion to Dismiss filed by Microsoft in connection with VirnetX's lawsuit against Microsoft. The suit alleges patent infringement by Redmond, WA-based Microsoft Corporation, and seeks damages, injunctive relief and costs. Shares of VirnetX lost an additional 39 cents o 7.59% to $4.75 after losing 9.5% on Tuesday.

Fieldpoint Petroleum Corporation (AMEX:FPP) engages in the acquisition, operation, and development of oil and natural gas properties in the United States. Its properties are primarily located in Louisiana, New Mexico, Oklahoma, South-Central Texas, and Wyoming.

* On Monday, Fieldpoint Petroleum announced the acquisition of various interests in the Spraberry Trend located in Midland County, Texas and in the Flying M Field located in Lea County, New Mexico. The Spraberry Trend is operated by Pioneer Natural Resources, and the Flying M Field is operated by Chesapeake Energy. The acquisition price is $1,295,000 for various interests in seven producing wells and the leasehold and related equipment, effective July 1, 2008. Shares of FPP rose $1.03 or 16.45% to $7.29 on Wednesday.

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.

* Shares of investment banks closed mixed Wednesday as Morgan Stanley said its fiscal second-quarter profit plunged 61% and amid continued concern about deterioration in the credit markets. Lehman Brothers fell an additional 36 cents or 1.43% to $24.78 after falling more than 7.5% 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

0 Comments:

Links to this post: