Friday, October 24, 2008
LocateStock.com Daily High 5 For Friday October 24, 2008

Jersey City, NJOctober 24, 2008

The LocateStock.com HIGH 5 for Friday, October 24th are:

5 – Goldman Sachs – NYSE:GS

4 – Micron Technology – NYSE:MU

3 – Dynegy – NYSE:DYN

2 – Banc of America – NYSE:BAC

1 – Citigroup – NYSE:C

The Goldman Sachs Group, Inc. (NYSE:GS) provides a range of investment banking, securities, and investment management services to corporations, financial institutions, governments, and high-net-worth individuals worldwide. It operates in three segments: Investment Banking, Trading and Principal Investments, and Asset Management and Securities Services.

* Goldman Sachs Group said Thursday it's cutting about 10% of its work force amid the ongoing downturn in the credit and lending markets. Goldman Sachs will cut about 3,260 jobs. Shares of GS fell $6.13 or 5.34% to $108.58.

Micron Technology, Inc. (NYSE:MU) engages in the manufacture and marketing of semiconductor devices worldwide. Its products include dynamic random access memory (DRAM) products that provide data storage and retrieval, which include DDR and DDR2, synchronous DRAM, and other specialty memory products, such as mobile DRAM, pseudo-static RAM, and reduced latency DRAM.

* Last week Moody's Investors Service cut Micron Technology's credit rating further into "junk" status because the chip maker took on extra debt to purchase part of a Taiwanese competitor. Moody's lowered the rating to "B1" from "Ba3." Shares of MU plunged 42 cents or 9.68% to $3.92 on Thursday.

Dynegy, Inc., (NYSE:DYN) through its subsidiaries, engages in the production and sale of electric energy, capacity, and ancillary services in the United States. It sells electric energy on a wholesale basis from its natural gas-fired, coal-fired, and oil-fired power generation facilities.

* Dynegy will disclose its financial risks from global climate change under an agreement with the state of New York, former U.S. Vice President Al Gore and New York Attorney General Andrew Cuomo said on Thursday. Shares of DYN rose 24 cents or 8.82% to $2.96 on the news.

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.

* Banks stocks fell worldwide on Thursday as concerns swelled that soaring loan losses, tight credit and deteriorating economies would overwhelm lenders' efforts to cut costs and preserve capital. Shares of BAC rose 34 cents or 1.50% to $23.00.

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.

* Shares of national banks fell Thursday, during another erratic Wall Street session marked by growing signs of a weakening economy. According to data released Thursday by foreclosure listing service RealtyTrac, the number of foreclosure filings jumped 71% in the third quarter from the year-ago period. Citigroup fell 21 cents or 1.58% to $13.11 on Thursday. The stock is down more 12% this week.

The daily HIGH 5 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. The HIGH 5 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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