Jersey City, NJ – July 25, 2008

The LocateStock.com HIGH FIVE for Monday, July 28^th are:

5 – Wachovia Corp. – NYSE:WB

4 – Citigroup – NYSE:C

3 – Fannie Mae – NYSE:FNM

2 – Bank of America – NYSE:BAC

1 – Freddie Mac – NYSE:FRE

Wachovia Corporation, (NYSE:WB) a financial holding company, provides commercial and retail banking services, and other financial services in the United States and internationally. Its deposit products include savings, NOW, money market, and interest-bearing checking accounts, as well as noninterest-bearing deposits and other consumer time deposits.

* Last Tuesday, the same day that Wachovia announced an astonishing second-quarter loss of $8.9 billion, the company's President and CEO Robert Steel, purchased one million shares for $16.1 million, an average of $16.24 a share. Steel, who took over the top spot July 9, now owns three million shares of the bank's stock. Wachovia shares fell $1.19 or 7.58% to $14.50 on Friday but ended the week up nearly 12%.

Citigroup, Inc., (NYSE:C) together with its subsidiaries, provides a range of financial products and services to consumer and corporate customers in the United States and internationally. The company's Global Consumer Group segment offers various banking, lending, insurance, and investment products and services through its branches, automated teller machines (ATMs), and automated lending machines (ALMs), the Internet, telephone, and mail.

* The Wall Street Journal reported that a former manager of a Citigroup hedge fund has filed a complaint with a British tribunal accusing the bank of causing his fund's demise. Specifically, the manager accuses the bank of pressuring the fund to buy billions of dollars in troubled loans. Shares of C fell 21 cents or 1.10% to $18.85 on Friday. The stock fell 4% on the week.

Fannie Mae (NYSE:FNM) provides funds to mortgage lenders through the purchase of mortgage assets, and issues and guarantees mortgage-related securities that facilitate the flow of funds into the mortgage market in the United States. It operates in three segments: Single-Family Credit Guaranty, Housing and Community Development, and Capital Markets.

* A report from the Commerce Department Friday showed that sales of new homes fell for the seventh time in the past eight months, as RealtyTrac separately reported that foreclosures in the second quarter more than doubled from the year earlier. Government-sponsored mortgage giant Fannie Mae slid 47 cents or 3.91% to $11.55 on the news. The stock fell more than 18% for the week.

Bank of America Corporation, (NYSE:BAC) a financial holding company, provides a range of banking and nonbanking financial services and products in the United States and internationally. The company's Global Consumer and Small Business Banking segment offers savings accounts, money market savings accounts, certificate of deposits, individual retirement accounts, regular and interest-checking accounts, and debit cards; U.S. Consumer and Business Card, unsecured lending, and international card; consumer real estate products, including mortgage products for home purchase and refinancing, reverse mortgage products, and home equity products; and insurance services.

* Bank of America reported second-quarter net income last week of $3.4 billion, down from $5.76 billion a year earlier. The CEO of the banks says the company is "not in denial" about rising loan losses. But some analysts say they wonder about the safety of the dividend, especially now that BofA has completed its purchase of mortgage lender Countrywide Financial. Shares of BAC lost $1.06 or 3.46% to $29.58 on Friday but rose more than 7.5% on the week.

Freddie Mac (NYSE:FRE) engages in mortgage purchasing, credit guarantee, and portfolio investment activities in the United States. It purchases single-family and multi-family residential mortgages, and mortgage-related securities from lenders in the primary mortgage market that originate mortgages for homebuyers, including mortgage banking companies, commercial banks, savings banks, community banks, credit unions, state and local housing finance agencies, and savings and loan associations.

* A report from the Commerce Department Friday showed that sales of new homes fell for the seventh time in the past eight months, as RealtyTrac separately reported that foreclosures in the second quarter more than doubled from the year earlier. Government-sponsored mortgage giant Freddie Mac fell 54 cents or 6.13% to $8.27 on the news and fell 10% on the 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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