Thursday, June 26, 2008
LocateStock.com Daily High Five For Thursday June 26, 2008

Jersey City, NJJune 26, 2008

The LocateStock.com HIGH FIVE for Thursday, June 26th are:


5 – DineEquity – NYSE:DIN

4 – Royale Energy – NASDAQ:ROYL

3 – China Sunergy – NASDAQ:CSUN

2 – DryShips – NASDAQ:DRYS

1 – VirnetX Holding Corp. – AMEX:VHC

DineEquity, Inc. (NYSE:DIN) develops, franchises, and operates full-service restaurants in the United States and internationally under the Applebee's Neighborhood Grill & Bar (Applebee's) and International House of Pancakes (IHOP) brands. It owns and operates two restaurant concepts in the casual dining and family dining niches, which include Applebee's Neighborhood Grill and Bar or Applebee's; and International House of Pancakes or IHOP.

* Earlier in the week, DineEquity said that Applebee's entered into an agreement with affiliates of Drawbridge Special Opportunities Fund LP and Drawbridge Real Assets Fund, for the sale-leaseback of 187 company-owned restaurant real estate parcels. IHOP expected to generate $347 million in gross proceeds, before taxes, from the deal (this was down from an originally estimated $350 million). Shares of DIN rocketed $1.76 or 4.48% to $41.01 on Wednesday.

Royale Energy, Inc. (NASDAQ:ROYL) operates as an independent oil and natural gas producer in the United States. The company engages in the production and sale of oil and natural gas; acquisition of oil and gas lease interests and proved reserves; drilling of exploratory and development wells; and sale of working interests in wells to be drilled.

* On Monday, Royale Energy announced the election of its 2008 board of directors with an average of 97.79% of votes cast in favor of the slate. The Company also reported at its annual meeting, that it has applied for a permit to drill a well located in Utah. Shares of ROYL rocketed 17% on the news Tuesday and sank $1.15 or 8.75% to $12.00 on Wednesday.

China Sunergy Co., Ltd., (NASDAQ:CSUN) together with its subsidiaries, engages in the design, development, manufacture, and marketing of solar cells in the People's Republic of China and overseas market. It manufactures solar cells from silicon wafers utilizing crystalline silicon solar cell technology to convert sunlight directly into electricity through a process, known as the photovoltaic effect.

* China Sunergy announced on Wednesday that it has entered into a supply agreement with the European wafer provider REC Wafer for a high quality supply of monocrystalline 156-millimeter wafers for the seven years from 2009 through 2015. Shares of CSUN rose 34 cents or 3.19% to $11.00 on Wednesday.

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 rocketed $5.34 or 6.97% to $81.97 on no substantial news.


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.

* VirnetX announced Wednesday that it will be included in the Russell Microcap Index when Russell Investments reconstitutes its family of U.S. indexes on June 27. Shares of VHC continued their decline on Wednesday, falling 10 cents or 2.41% to $4.05 on Wednesday. The stock is down nearly 29% since debuting on the HIGH FIVE last 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


0 Comments:

Post a Comment

Links to this post:

Create a Link

<< Home