LocateStock.com Daily High Five For Wednesday April 30, 2008

Jersey City, NJ – April 30, 2008

The LocateStock.com HIGH FIVE for Wednesday, April 30^th are:

5 – Circuit City – NYSE:CC

4 – Williams Sonoma – NYSE:WSM

3 – Lehman Brothers – NYSE:LEH

2 – First Horizon National – NYSE:FHN

1 – Gemstar-TV Guide International – NASDAQ:GMST

Circuit City Stores, Inc. (NYSE:CC) operates as a specialty retailer of consumer electronics, home office products, entertainment software, and related services. It sells brand-name consumer electronics, personal computers, entertainment software, and related services in Circuit City stores in the United States and via Web sites, www.circuitcity.com and www.firedog.com.

* A major shareholder in Circuit City Stores on Monday encouraged the electronics retailer to move forward with a proposed buyout offer from Blockbuster. Hedge fund HBK Investments, which also holds a stake in movie-rental company Blockbuster, disclosed in a filing with the U.S. Securities and Exchange Commission that it owns a 9.1% stake in Circuit City's common stock. Meanwhile, Blockbuster is in talks about taking a stake in the new premium TV channel to be launched by Viacom with Lions Gate Entertainment and Metro-Goldwyn-Mayer, the Wall Street Journal said on Tuesday, citing people familiar with the situation. CC shares rose 9 cents or 1.99% to $4.62 on Tuesday.

Williams-Sonoma, Inc. (NYSE:WSM) operates as a specialty retailer of home products. It offers culinary and serving equipment, including cookware, cookbooks, cutlery, informal dinnerware, glassware, table linens, specialty foods, and cooking ingredients; home furnishing products comprising furniture, textiles, decorative accessories, lighting, and tabletop items; linens, towels, robes, soaps, and accessories for the bed and bath; and bridal and gift items.

* Piper Jaffray downgraded Williams-Sonoma to Neutral from Buy on Monday. Shares of WSM rose 11 cents or .40% to $27.37 on Tuesday.

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 finished mixed Tuesday as new data indicated mortgage and housing markets continue to deteriorate and a day before the Federal Reserve Board announces if it will continue to slash interest rates. Shares of LEH lost 95 cents or 2.00% to $46.57 on Tuesday.

First Horizon National Corporation (NYSE:FHN) operates as a holding company for First Tennessee Bank National Association, which provides various financial services in the United States and internationally. The bank principally offers retail and commercial banking, mortgage banking, and capital markets services.

* First Horizon announced Tuesday that it plans to offer 60 million shares of common stock for $10 per share. The company said it estimates net proceeds from the offering to be about $572 million. It expects to close the transaction on or about May 2. Goldman, Sachs and UBS Investment Bank are acting as joint book-running managers for the offering. First Horizon was upgraded by Sandler O'Neil to Hold from Sell on Tuesday. Shares of FHN gained 8 cents or .73% to $11.07.

Gemstar-TV Guide International, Inc. (NASDAQ:GMST) develops, licenses, markets, and distributes products and services for video guidance and entertainment needs of consumers worldwide. Its' Guidance Technology and Solutions segment licenses its interactive program guides to third party guide developers, such as multi-channel video service providers, consumer electronics manufacturers, set-top box manufacturers, and interactive television software and program guide providers.

* Gemstar-TV Guide International announced Tuesday that its stockholders have approved the proposed combination of Gemstar-TV Guide and Macrovision Corporation. Based on results announced at Tuesday's special meeting of stockholders, more than 90% of Gemstar-TV Guide's outstanding shares on March 17, 2008, the record date for the meeting, were voted in favor of the transaction. The parties currently expect the merger to be effective on May 2, 2008. Shares of GMST gained 8 cents or 1.97% to $4.14 on the news 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. The Company recently launched LocateStock TV, 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

posted by LOCATESTOCK @ 12:28 PM 0 Comments Links to this post

Tuesday, April 29, 2008

LocateStock.com Daily High Five For Tuesday April 29, 2008

Jersey City, NJ – April 29, 2008

The LocateStock.com HIGH FIVE for Tuesday, April 29^th are:

5 – Circuit City – NYSE:CC

4 – Giant Interactive Group – NYSE:GA

3 – Lehman Brothers – NYSE:LEH

2 – IHOP – NYSE:IHP

1 – BlackRock Corporate High Yield Fund – NYSE:COY

Giant Interactive Group, Inc. (NYSE:GA) develops and operates online games in the People's Republic of China. It focuses on massively multiplayer online (MMO) games that are played through networked game servers, in which thousands of players are able to connect and interact.

* Giant Interactive's shares jumped Monday after the Chinese online gaming company reported peak concurrent users for its game "ZT Online" hit about 2.1 million on Saturday, which Giant said is a record in the Chinese online gaming industry. Giant's stock rocketed $1.60 or 12.94% to $13.96 on Monday.

* The Supreme Court on Monday refused to consider an appeal by a Lehman Brothers subsidiary that is fighting a $10 million tax bill from Delaware. The company said in court filings that Delaware's tax regime is unconstitutional, because it taxes all the earnings of its bank subsidiary, even though about 2% of the bank's income is earned in Delaware. Shares of LEH gained 65 cents or 1.39% to $47.52 on Monday.

IHOP Corp. (NYSE:IHP) and its subsidiaries develop, franchise, and operate International House of Pancakes (IHOP) restaurants in the United States and Canada. Its family restaurants feature table service, and food and beverage items.

* IHOP reported on Monday a 24% decline in quarterly profit, hurt by higher interest expense and other items related to its Applebee's acquisition, sending shares down as much as 8.8%. First-quarter net income available to common stockholders was $8.6 million, or 50 cents per share, down from $11.3 million, or 63 cents per share, a year earlier. IHP lost $2.90 or 5.62% to $48.70 on the news.

BlackRock Corporate High Yield Fund, Inc. (NYSE:COY) operates as a diversified, closed-end management investment company. It invests primarily in corporate bonds, preferred stocks, and short-term securities.

* COY shares fell 3 cents or .41% to $7.34 Monday on no news.

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

posted by LOCATESTOCK @ 11:05 AM 0 Comments Links to this post

Monday, April 28, 2008

LocateStock.com Daily High Five For Monday April 28, 2008

Jersey City, NJ – April 28, 2008

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

5 – Progenics Pharmaceuticals – NASDAQ:PGNX

4 – YRC Worldwide – NASDAQ:YRCW

3 – Circuit City – NYSE:CC

2 – Sirius Satellite Radio – NASDAQ:SIRI

1 – Lehman Brothers – NYSE:LEH

Progenics Pharmaceuticals, Inc., (NASDAQ:PGNX) a biopharmaceutical company, engages in the development and commercialization of therapeutic products for the treatment of unmet medical needs of patients with debilitating conditions and life-threatening diseases in the United States. It primarily focuses on the areas of gastroenterology, virology, and oncology.

* Federal regulators have approved the first drug meant to relieve constipation caused by narcotic painkillers, the drug's makers said Friday. The Food and Drug Administration approval of Relistor -- made by drugmaker Wyeth and partner Progenics Pharmaceuticals -- could provide relief for a common problem for patients dying of cancer and other painful diseases. PGNX rocketed $2.76 or 25.94% to $13.40 on the news.

YRC Worldwide, Inc. (NASDAQ:YRCW) provides transportation services for the shipment of industrial, commercial, and retail goods in the United States and internationally. The company's operating units include YRC National Transportation, YRC Regional Transportation, and YRC Logistics.

* Shares of trucker YRC Worldwide surged Friday after a Morgan Keegan analyst upgraded the stock, saying business conditions for light freight carriers should improve. The Overland Park, Kan., company said it will earn between 30 and 40 cents per share in the second quarter, as cost cuts will help YRC cancel out difficult economic conditions. On average, Wall Street expects the company to earn 33 cents per share. YRCW surged $4.14 or 31.94% to $17.10 on the news.

* Last Thursday, Circuit City Stores issued the following statement in response to a letter received yesterday from Wattles Capital Management, LLC: As noted in a press release dated April 14, 2008, Circuit City indicated that Blockbuster has not provided answers to a number of basic questions regarding its ability to finance its proposal. Based on the limited information available, Circuit City's financial advisor, Goldman, Sachs & Co., has advised the company that it believes that Blockbuster cannot in fact consummate the proposed transaction in light of the difficult current financing environment. CC shares rose 13 cents or 2.85% to $4.69 Friday.

Sirius Satellite Radio, Inc. (NASDAQ:SIRI) provides satellite radio services in the United States. It offers commercial-free music channels that provide a selection of music genres, such as rock, pop, hip-hop, country, dance, jazz, Latin, and classical; and channels of sports, news, talk, entertainment, traffic, weather, and data content.

* Sirius announced on Friday that it has entered into an agreement with colorful sports talk personality, Scott Ferrall to continue to host The Scott Ferrall Show, a live weeknight sports call-in show. The Scott Ferrall Show airs live Monday-Friday from 8:00 pm - 12:00 am ET on Howard 101, one of Howard Stern's two exclusive SIRIUS channels. SIRI lost 4 cents or 1.47% to $2.69 on Friday.

* Last Thursday, LocateStock.com CEO, John Tabacco, told Patti Domm of CNBC that financial stocks continue to dominate the HIGH FIVE list, and Lehman was the most popular stock sought by shorts for the 27th day. Shares of investment banks rose Friday as a UBS analyst said systemic risk from the global credit market mess is subsiding. Shares of LEH gained 49 cents or 1.06% to $46.87 on Friday. The stock closed the week higher by 4%.

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

posted by LOCATESTOCK @ 11:11 AM 0 Comments Links to this post

Friday, April 25, 2008

LocateStock.com Daily High Five For Friday April 25, 2008

Jersey City, NJ – April 25, 2008

The LocateStock.com HIGH FIVE for Friday, April 25^th are:

5 – Circuit City – NYSE:CC

4 – DryShips – NASDAQ:DRYS

3 – Sirius Satellite Radio – NASDAQ:SIRI

2 – MBIA – NYSE:MBI

1 – Lehman Brothers – NYSE:LEH

* Circuit City Stores issued the following statement in response to a letter received yesterday from Wattles Capital Management, LLC: As noted in a press release dated April 14, 2008, Circuit City indicated that Blockbuster has not provided answers to a number of basic questions regarding its ability to finance its proposal. Based on the limited information available, Circuit City's financial advisor, Goldman, Sachs & Co., has advised the company that it believes that Blockbuster cannot in fact consummate the proposed transaction in light of the difficult current financing environment. CC shares fell an additional 6 cents or 1.30% to $4.56 Thursday. The stock is down more than 6% so far this week.

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.

* LocateStock.com CEO, John Tabacco, told Patti Domm of CNBC that DryShips is among the stocks most sought by short sellers this week. Shares of the Greek drybulk shipper fell Thursday just one day after the company said it will launch a tender offer for the minority of Norwegian offshore drilling services company Ocean Rig ASA it does not own. DryShips said early Tuesday it bought 33.3 million shares in Ocean Rig ASA for 45 Norwegian Kroner ($8.97) per share, bringing the company's stake to 54.3%. The stake also includes a 4.4% slice purchase by DryShips Chairman and Chief Executive George Economou. DRYS lost $2.70 or 3.20% to $81.71.

* Sirius and XM will be stepping up to the earnings stage over the next few days. The numbers are important, at a time when the satellite radio providers are seeing steady subscriber growth and narrowing losses. Sirius is set to report earnings next Tuesday. Shares of SIRI were up 8 cents or 3.02% to $2.73 ahead of the earnings.

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.

* Shares of insurers rose Thursday as broader markets posted big gains on better-than-expected jobless claims and a broad rally in financial stocks. Shares of bond insurer MBIA rallied somewhat Thursday, a day after rival Ambac posted a $1.66 billion first-quarter loss. MBIA rose $1.01 or 11.49% to $9.80 after plunging 34% the day before.

* LocateStock.com CEO, John Tabacco, told Patti Domm of CNBC that financial stocks continue to dominate the HIGH FIVE list, and Lehman was the most popular stock sought by shorts for the 27th day. A day earlier Lehman said it bought money manager David J. Greene and Co. for an undisclosed sum. Shares of LEH rallied $2.69 or 6.16% to $46.38 on Thursday.

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

posted by LOCATESTOCK @ 11:16 AM 0 Comments Links to this post

Thursday, April 24, 2008

LocateStock.com Dirty Dozen Basket Says Go Green Or Go Home

Jersey City, NJ April 24, 2008 --

To celebrate Earth Day, LocateStock.com announced today a new way for investors to make some green. The LocateStock Dirty Dozen, locate basket (ticker symbol: L$DD), is a new product designed to give traders instant short sale locates on the top 12 polluters in the U.S.

Using data from The Political Economy Research Institute at the University of Massachusetts Amherst's Toxic 100 Index, investors can now use the Dirty Dozen Basket to short the biggest polluters and profit from their social irresponsibility.

The initial Dirty Dozen Basket entitles the trader a firm locate for 1,000 shares of each of the baskets 12 components listed below.

1 E.I. du Pont de Nemours

2 Archer Daniels Midland

3 Dow Chemical

4 Eastman Kodak

5 General Electric

6 Arcelor Mittal

7 US Steel

8 ExxonMobil

9 AK Steel Holding

10 Eastman Chemical

11 Duke Energy

12 ConocoPhillips

LocateStock will reassess the Dirty Dozen components monthly.

The founder and Chief Executive of LocateStock.com, John Tabacco, believes that public pressure has a direct affect on public polluters. "It's common sense if public pressure continues to compel public polluters to uphold their social and environmental obligations, these companies will suffer from increased capital expenditure demands, with no tangible increase in revenues."

Mr. Tabacco added, "It's our belief that with these basic economic factors, and the current appetite to save the planet, will result in the biggest public polluters seeing steep downturns in their stock price." In announcing the new Dirty Dozen, Mr. Tabacco asked, "so what better way for investors to profit than shorting the Dirty Dozen and sending a message that its time to 'Go Green?'"

In an effort to recognize Earth Day and Earth Week, LocateStock.com will donate a percent of all profits from the L$DD to New York City's Natural Resources Defense Council, whose purpose is to safeguard the Earth.

About LocateStock.com

To learn more about hard-to-borrow stocks please visit www.LocateStock.com.

CONTACT: pressrelease@locatestock.com / 201-332-6800

SOURCE: Locate Stock, LLC

posted by LOCATESTOCK @ 4:50 PM 0 Comments Links to this post

LocateStock.com Daily High Five For Thursday April 24, 2008

Jersey City, NJ – April 24, 2008

The LocateStock.com HIGH FIVE for Thursday, April 24^th are:

5 – Circuit City – NYSE:CC

4 – DryShips – NASDAQ:DRYS

3 – Lehman Brothers – NYSE:LEH

2 – Ambac – NYSE:ABK

1 – MBIA – NYSE:MBI

* An activist shareholder on Wednesday urged Circuit City Stores Inc. to allow Blockbuster Inc. to examine its finances and start good-faith negotiations on the movie-rental chain's bid for the struggling electronics retailer. Wattles Capital Management, which owns about 6.5% of Circuit City's stock, said in a letter to Circuit City that the company should provide access to Blockbuster and discuss its buyout proposal along with other possible bids. Shares of CC fell an additional 11 cents or 2.33% to $4.62 after losing more than 2.5% a day earlier.

* Shares of Greek drybulk shipper DryShips rose Tuesday, after the company said it will launch a tender offer for the minority of Norwegian offshore drilling services company Ocean Rig ASA it does not own. DryShips said early Tuesday it bought 33.3 million shares in Ocean Rig ASA for 45 Norwegian Kroner ($8.97) per share, bringing the company's stake to 54.3 percent. The stake also includes a 4.4% slice purchase by DryShips Chairman and Chief Executive George Economou. DRYS up $1.42 or 1.71% to $84.41.

* Investment bank Lehman Brothers Holdings said on Wednesday it bought money manager David J. Greene and Co. for an undisclosed sum. The 70-year old family-owned and run money manager will bring roughly $2 billion in assets under management to Lehman's already $277 billion strong asset management division, the company said in a statement. Shares of LEH fell 88 cents or 1.97% to $43.69 and is down about 4% so far this week.

Ambac Financial Group, Inc., (NYSE:ABK) through its subsidiaries, provides financial guarantee products and other financial services to clients in the public and private sectors worldwide. It operates in two segments: Financial Guarantee and Financial Services.

* Ambac on Wednesday confessed enormous losses in the first quarter, as the bond insurer's struggle over the growing damage in the credit derivative market continues. The New York-based firm reported an eye-popping net loss of $1.6 billion, or $11.69 per share, vs. a profit of $213 million, or $2.02 a diluted share, in the year-ago period. Excluding certain marks, gains and losses and other factors not included in analysts' forecasts, Ambac's operating loss was $6.93 a share, vs. a $2 profit in the year-ago period. Analysts had been expecting a loss of $1.51, according to Thomson Financial. Shares of ABK lost $2.57 or 42.62% to $3.46 after setting a new low of $3.08 intraday.

* Ambac Financial reported a first-quarter net loss of $1.66 billion on Wednesday as the bond insurer continued to struggle with the effects of the mortgage meltdown and broader credit crunch. Ambac shares slumped more than 40% and touched a record low of $3.47 after the results. Rival bond insurer MBIA also saw its stock drop $4.49 or 33.81% to $8.79.

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 available for short sellers to legally borrow while staying 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

posted by LOCATESTOCK @ 1:10 PM 0 Comments Links to this post

Tuesday, April 15, 2008

LocateStock.com Daily High Five For Tuesday April 15, 2008

Jersey City, NJ – April 15, 2008

The LocateStock.com HIGH FIVE for Tuesday, April 15^th are:

5 – IHOP Corp. – NYSE:IHP

4 – Sirius Satellite Radio – NASDAQ:SIRI

3 – BlackRock Corporate High Yield Fund – NYSE:COY

2 – Lehman Brothers – NYSE:LEH

1 – Circuit City – NYSE:CC

* Shares of pancake-house operator IHOP rose last Friday after the company, which also owns the Applebee's casual-dining chain, reported its same-store sales rose at both chains in the first quarter. After market close on Thursday, the company said its same-store sales, or sales at locations open at least a year, rose 3.7 percent at its namesake chain and edged up 0.5 percent at Applebee's. Shares of IHP lost $1.78 or 3.52% to $48.77 on Monday.

* Sirius announced last Friday that SIRIUS OutQ, America's first 24/7 radio channel for the lesbian, gay, bisexual and transgender community, will broadcast a two-hour retrospective as part of SIRIUS OutQ's fifth anniversary on the air. SIRIUS OutQ News: Five Years in Review premieres Monday, April 14 at 5:00 pm ET exclusively on OutQ channel 109. The stock hit a fresh new low on Monday, falling 4 cents or 1.61% to $2.44.

* At the beginning of the month on April 1^st, BlackRock Corporate High Yield Fund announced a dividend distribution of $0.061. Shares of COY were thinly traded on Friday to end the day up 1 cent or .14% to $7.08.

* Lehman is planning to invest up to $1 billion in a fund it will use to buy stakes in hedge fund managers, a person familiar with the matter said on Monday. The fund is expected to raise roughly $3 billion and will be run from London and New York. Meanwhile, shares of investment banks fell on Monday after Bear Stearns said it is likely to take $288 million in impairment charges in the second quarter. Shares of LEH began the week down 49 cents or 1.23% to $39.38 on Monday.

* Circuit City shares rocketed 27.44% after Blockbuster made an unsolicited $1.35 billion bid for the electronics retailer. Blockbuster is offering $6 to $8 a share to Circuit City shareholders, however as of last quarter, Blockbuster was reported to have roughly $185 million on its books. CC rose $1.07 to $4.97 on the news.

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

posted by LOCATESTOCK @ 11:59 AM 0 Comments Links to this post

Monday, April 14, 2008

LocateStock.com Daily High Five For Monday April 14, 2008

Jersey City, NJ – April 14, 2008

The LocateStock.com HIGH FIVE for Monday, April 14^th are:

5 – Visa Inc. – NYSE:V

4 – Valence Technology – NASDAQ:VLNC

3 – BlackRock Corporate High Yield Fund – NYSE:COY

2 – Circuit City – NYSE:CC

1 – Lehman Brothers – NYSE:LEH

Visa, Inc., (NYSE:V) through its subsidiaries, operates retail electronic payments network worldwide. It facilitates commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses, and government entities in approximately 170 countries and territories.

* On Friday, analysts at Stifel Nicolaus & Company initiated coverage of Visa with a "buy" rating. The target price was set to $77. Shares of Visa were thinly traded to close the day at $66.11.

Valence Technology, Inc., (NASDAQ:VLNC) together with its subsidiaries, engages in the commercialization of phosphate-based lithium-ion rechargeable battery technology, known as Saphion. The company offers various Saphion technology-based power systems, including N-Charge and U-Charge.

* Though shares of Valence Technology are up about 100% so far in 2008, Citron Research is out with an extremely skeptical note on the Company. Investors may be trading the stock based on the negative article, as Valence shares closed last week down 29%. Citron calls Valence a "developmentally challenged" company as it has continually promised to deliver breakthrough technology, but has yet to prove itself. Citron is also concerned with Valence's fundamentals: the Company has barely any cash, but continues to take on debt. Shares of VLNC most recently lost 34 cents or 9.60% to $3.20 on Friday.

* At the beginning of the month on April 1^st, BlackRock Corporate High Yield Fund announced a dividend distribution of $0.061. Shares of COY were heavily traded on Friday to end the day flat at $7.07.

* Circuit City Stores was among seven retailers that was fined last week for a total of $3.9 million for not properly disclosing that analog television sets were not equipped with digital tuners. Its fine, the third largest, was $712,000. Shares of CC lost 34 cents or 8.02% to $3.90 on Friday.

* Lehman, looking to raise cash, packaged $2.8 billion of unsold loans into bonds, then used some of the securities as collateral to borrow from the Federal Reserve, people familiar with the deal said Friday. Lehman transferred loans that included some risky leveraged buyout debt into a new investment entity called Freedom, which then issued securities, about $2.26 billion of which were rated investment-grade, they said. This, just a day after the bank said it had liquidated three investment funds in its first quarter after "market disruptions". The value of the assets held by these funds was about $1bn. Shares of LEH fell 38 cents or .94% to $39.87 Friday and closed the week down 11%.

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

posted by LOCATESTOCK @ 11:33 AM 0 Comments Links to this post

Friday, April 11, 2008

LocateStock.com Daily High Five For Friday April 11, 2008

Jersey City, NJ – April 11, 2008

The LocateStock.com HIGH FIVE for Friday, April 11^th are:

5 – Irwin Financial – NYSE:IFC

4 – Sirius Satellite Radio – NASDAQ:SIRI

3 – Washington Mutual – NYSE:WM

2 – First Marblehead – NYSE:FMD

1 – Lehman Brothers – NYSE:LEH

Irwin Financial Corporation (NYSE:IFC) operates as the bank holding company of Irwin Union Bank and Trust Company and Irwin Union Bank, F.S.B., which provide various financial products and services in the United States and Canada. The company operates in three segments: Commercial Banking, Commercial Finance, and Home Equity Lending.

* Irwin Financial said last Friday that the bank lost more money than it thought in the fourth quarter because more home-equity loan borrowers are missing payments on their loans. Irwin Financial, which initially reported a loss of $16.4 million for the fourth quarter, on Friday revised the loss to $26 million. Shares of IFC plummeted 70 cents or 14.08% to $4.27 and hit a new intra-day low of $4.08 on Thursday.

* Wisconsin Attorney General J.B. Van Hollen wants federal regulators to block a deal to join the nation's only two satellite radio companies. The U.S. Justice Department decided earlier this month to permit Sirius Satellite Radio's proposed $5 billion buyout of rival XM Satellite Radio Holdings. The Federal Communications Commission still has to sign off on the deal. Shares of SIRI are down 6 cents or 2.3% to $2.55 on Thursday.

Washington Mutual, Inc., (NYSE:WM) together with its subsidiaries, operates as a consumer and small business banking company in the United States. It operates in four segments: Retail Banking Group, Card Services Group, Commercial Group, and Home Loans Group.

* CalSTRS, potentially one of the institutional investors behind Washington Mutual's $7 billion cash infusion, is planning to withhold votes from some members of its board of directors up for re-election at the company's annual meeting Tuesday. The California State Teachers' Retirement System (CalSTRS), with $173 billion of assets under management, said it is concerned with the bank's risk management procedures, its exposure to the subprime market and its controversial executive bonus plan, said Rich Ferlauto, director of corporate governance for the American Federation of State, County and Municipal Employees (AFSCME). Shares of WM fell 3 cents or .26% to $11.42 on Thursday.

The First Marblehead Corporation (NYSE:FMD) together with its subsidiaries, provides outsourcing services for private education lending in the United States. It provides an integrated suite of design, implementation, and securitization services for student loan programs to national and regional financial institutions and educational institutions, as well as businesses, education loan marketers, and other enterprises.

* First Marblehead will not be able to raise as much money from an investment by Goldman Sachs Group because of the turmoil in the bond market and the bankruptcy of a crucial partner, the student loan services provider said Thursday. The Boston-based company's stock plummeted more than 20% to its cheapest trade ever. First Marblehead helps banks like JPMorgan Chase and Bank of America package their student loans into bonds and sell them to investors. Shares of FMD dropped 14 cents or 3.02% to $4.49 on the news, after hitting a new low earlier in the day.

* Lehman Brothers said Thursday that it had liquidated three investment funds in its first quarter after "market disruptions". The value of the assets held by these funds was about $1bn. Lehman said it had also bought some "deteriorated assets" from certain funds for $800m. Both sets of assets were included in the company's earnings report on 29 February, and are now managed in its capital markets fixed income business. Shares of LEH fell 29 cents or .72% to $40.25 Thursday and are down about 10% so far this week.

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

posted by LOCATESTOCK @ 11:59 AM 0 Comments Links to this post

Thursday, April 10, 2008

LocateStock.com Daily High Five For Thursday April 10, 2008

Jersey City, NJ – April 10, 2008

The LocateStock.com HIGH FIVE for Thursday, April 10^th are:

5 – BHP Billiton – NYSE:BHP

4 – ManKind Corp. – NASDAQ:MNKD

3 – Circuit City – NYSE:CC

2 – Valence Technologies – NASDAQ:VLNC

1 – Lehman Brothers – NYSE:LEH

BHP Billiton Limited, (NYSE:BHP) together with its subsidiaries, operates as a diversified natural resources company. The company operates 10 customer sector groups (CSGs), aligned with the commodities that the company extracts and markets, which includes Aluminum, Base Metals, Uranium, Diamonds and Specialty Products, Energy Coal, Iron Ore, Manganese, Metallurgical Coal, Petroleum, and Stainless Steel Materials.

* BHP said Wednesday that 2008 prices for coking coal products are expected to increase by between 206% to 240% over last year. Terms for a significant portion of annually-priced metallurgical coking coal contracts relating to the BHP Billiton Mitsubishi Alliance operations in Queensland have been concluded following settlements initially outside Japan and more recently with key Japanese customers, the firm said. BHP fell 69 cents or .87% to $78.31 after rising 5.25% the day before on rumors of a partial sale.

ManKind Corporation, (NASDAQ:MNKD) a development stage company, engages in the discovery, development, and commercialization of therapeutic products for the treatment of diabetes and cancer. Its lead investigational product candidate, the Technosphere Insulin System, is in phase III clinical trials in the United States, Europe, and Latin America for the treatment of diabetes.

* ManKind shares plummeted on Wednesday after Pfizer announced that they were changing the label on their joint-venture inhaled insulin drug Exubera, due to increased instances of lung cancer during clinical trials. ManKind was also downgraded to "outperform" from "market perform"on Wednesday. Shares of MNKD plummeted to a new low, and closed at $2.35 after falling $3.50 or 59.83% on Wednesday.

* Struggling electronics retailer Circuit City Stores said Wednesday it swung to a fiscal fourth-quarter profit, as cost cutting offset lower sales for a period that included the bulk of the crucial holiday-shopping season. The electronics retailer said it earned $4.85 million versus a loss of $4.25 million a year earlier. CC shares fell 8 cents or 1.77% to $4.45 on Wednesday.

* Valence Tech shares plummeted Wednesday on no news. The stock fell $1.12 or 25.11% to $3.34 on Wednesday.

* Lehman Brothers is back in the #1 spot on the HIGH FIVE as the managing director of equity research at Sandler O'Neill told CNBC Wednesday that he lowered his ratings on the investment bank. Shares of LEH fell $3.13 or 7.17% to $40.54 after falling more than 2% a day earlier.

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

posted by LOCATESTOCK @ 1:11 PM 0 Comments Links to this post

Wednesday, April 9, 2008

LocateStock.com Daily High Five For Wednesday April 9, 2008

Jersey City, NJ – April 9, 2008

The LocateStock.com HIGH FIVE for Wednesday, April 9^th are:

5 – Washington Mutual – NYSE:WM

4 – Lehman Brothers – NYSE:LEH

3 – BHP Billiton – NYSE:BHP

2 – EMCORE Corp. – NASDAQ:EMKR

1 – First Marblehead – NYSE:FMD

* WaMu plans to close its freestanding home loan offices, get out of the wholesale lending business, and shed 3,000 jobs, and will raise $7 billion from private equity group TPG. WaMu will close its approximately 186 freestanding home loan offices and get out of the wholesale lending business by the end of the second quarter. The Wall Street Journal reported that the company told 3,000 employees on Monday that their jobs will be eliminated. The Seattle thrift also said Tuesday that it will announce a net loss of $1.1 billion when it releases its first-quarter results next week. WM plunged $1.34 or 10.19% to $11.81 after rocketing more than 29% on Monday.

* Last week's announcement that Lehman would raise $4 billion through a preferred stock offering rocketed the stock 18% in one day. The stock however, is still a viable option for short-sellers. Shares of LEH fell 93 cents or 2.09% to $43.67 on Tuesday. The stock ended last week up, 17%.

BHP Billiton Limited, (NYSE:BHP) together with its subsidiaries, operates as a diversified natural resources company. The company operates 10 customer sector groups (CSGs), aligned with the commodities that the company extracts and markets, which includes Aluminium, Base Metals, Uranium, Diamonds and Specialty Products, Energy Coal, Iron Ore, Manganese, Metallurgical Coal, Petroleum, and Stainless Steel Materials.

* BHP rose 5.24% as brokers picked up on a story in the Australian press that claimed China was looking to raid the market and buy more than 9% of the mining company.

The article, in The Australian newspaper, said the Chinese authorities had yet to decide which state-owned institution or company would be used to purchase the stake but it would not be Chinalco, the vehicle used to snap up 9% of Rio Tinto. BHP closed up $3.93 to $79.00 on Tuesday.

EMCORE Corporation (NASDAQ:EMKR) provides compound semiconductor-based components and subsystems for the broadband, fiber optic, satellite, and terrestrial solar power markets. The company's Fiber Optics segment offers optical components, subsystems, and systems that enable the transmission of video, voice, and data over fiber optic cables for high-speed data and telecommunications, cable television, and fiber-to-the-premises networks.

* Emcore Corp. rose sharply on Monday after it said it will spin off its solar business as a separate company. The Albuquerque, N.M.-based company said after the markets closed Friday that it would prepare to separate its fiber optics and photovoltaic businesses into separate corporations over the coming months. It did not set a date for the spinoff. Shares of EMKR rose 3.4% Monday and fell 6 cents or .86% to $6.95 the following day.

* A nonprofit firm that provides financial guarantees for student-loan services provider First Marblehead Corp. filed for bankruptcy protection, sending First Marblehead's already-battered shares down sharply Tuesday. The filing after business hours Monday by The Education Resources Institute sent shares of First Marblehead down $2.84 or 36.88% to $4.86, below the previous 52-week low of $7.36 that the stock hit March 17.

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

posted by LOCATESTOCK @ 10:08 AM 0 Comments Links to this post

Tuesday, April 8, 2008

LocateStock.com Daily High Five For Tuesday April 8, 2008

Jersey City, NJ – April 8, 2008

The LocateStock.com HIGH FIVE for Tuesday, April 8^th are:

5 – IHOP – NYSE:IHP

4 – Sirius Satellite Radio – NASDAQ:SIRI

3 – Lehman Brothers – NYSE:LEH

2 – Washington Mutual – NYSE:WM

1 – EMCORE Corp. – NASDAQ:EMKR

* IHOP on Monday announced that its Board of Directors declared a quarterly cash dividend of $0.25 per common share payable May 20, 2008 to shareholders of record as of May 1, 2008. Shares of IHP rose $1.93 or 4.20% to $47.93 on Monday.

* Sirius Satellite Radio shares wavered to close unchanged last Friday after an analyst downgraded the stock, saying the expense of Sirius' buyout of rival XM Satellite Radio will keep the stock around its current price. Credit Suisse analyst Brian Kraft downgraded the stock to "Neutral" from "Outperform" and trimmed his target price to $3 per share from $3.75. He said the cost of the buyout will offset the savings in the short term. Shares of SIRI lost 5 cents or 1.79% to $2.74 on Monday.

* Last week's announcement that Lehman would raise $4 billion through a preferred stock offering rocketed the stock 18% in one day, but the stock fell the remainder of the week. Shares of LEH closed Monday up 55 cents or 1.25% to $44.60. The stock ended last week up, 17%.

* Shares in Washington Mutual rose sharply on Monday as a group of investors led by private equity group TPG prepared to invest more than $5 billion in the company. The move, expected to be announced as early as Tuesday, is the latest re-capitalization in the financial services industry as banks and lenders see their capital eroded by big losses from the mortgage crisis. WM rocketed $2.98 or 29.30% to $13.15 on the news Monday.

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

posted by LOCATESTOCK @ 10:29 AM 0 Comments Links to this post

Monday, April 7, 2008

LocateStock.com Daily High Five For Monday April 7, 2008

Jersey City, NJ – April 7, 2008

The LocateStock.com HIGH FIVE for Monday, April 7^th are:

5 – American Capital Strategies – NASDAQ:ACAS

4 – Circuit City – NYSE:CC

3 – MBIA Inc. – NYSE:MBI

2 – Basin Water – NASDAQ:BWTR

1 – Lehman Brothers – NYSE:LEH

American Capital Strategies, Ltd. (NASDAQ:ACAS) is a principal investment firm specializing in management and employee buyouts, acquisitions, add-on acquisitions, securitizations, special situations, and growth capital investments in middle market companies. The firm also invests in early stage private and public companies.

* A Jefferies & Co. analyst cut his rating on American Capital Strategies last Tuesday, saying the investment firm is unlikely to generate the same kind of returns it has in the past. The stock was downgraded to "Underperform" from "Hold." Shares of ACAS fell 50 cents or 1.42% to 34.61 on Friday.

* Slumping electronics retailer Circuit City Stores will report fiscal fourth-quarter earnings this Wednesday. The company is losing market share to rival Best Buy. Over the weekend, Circuit City Stores said it will meet with the head of shareholder Wattles Capital Management LLC, which has proposed its own slate of five directors for the electronics retailer, to "possibly facilitate a more productive dialogue" between the parties. CC was up 28 cents or 6.22% to $4.78 on Friday.

* Credit rating agency Fitch Ratings said Friday it cut the critical financial strength rating of MBIA because the bond insurer does not have enough spare capital to warrant a top-notch rating. Fitch cut the rating to "AA" from "AAA" and was also placed on negative outlook, which is a long-term view of the company. Shares of MBIA lost 68 cents or 4.76% to $13.61 on Friday.

Basin Water, Inc. (NASDAQ:BWTR) engages in the design, building, and implementation of systems for the treatment of contaminated groundwater. The company offers ion-exchange treatment system that reduces groundwater contaminant levels. Its system is installed at the site of the well to treat varying volumes of water.

* Basin Water dropped 32 cents or 5.08% to $5.98 Friday on no news.

* Last week's announcement that Lehman would raise $4 billion through a preferred stock the news but fell in the following two sessions. Shares of LEH closed Friday up 7 cents or 1.69% to $44.05. The stock closed the week up, 17%.

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

posted by LOCATESTOCK @ 10:54 AM 0 Comments Links to this post

Friday, April 4, 2008

LocateStock.com Daily High Five For Friday April 4, 2008

Jersey City, NJ – April 4, 2008

The LocateStock.com HIGH FIVE for Friday, April 4^th are:

5 – SunPower Corporation – NASDAQ:SPWR

4 – Sify Technologies Limited – NASDQ:SIFY

3 – MF Global – NYSE:MF

2 – EMCORE Corp. – NASDAQ:EMKR

1 – Lehman Brothers – NYSE:LEH

SunPower Corporation (NASDAQ:SPWR) engages in the design, development, manufacture, and marketing of solar electric power products primarily in the United States, Germany, and Asia. It offers solar cells, solar panels, and inverters, which convert sunlight to electricity compatible with the utility network for residential and commercial applications.

* SunPower will announce its first-quarter earnings in a conference call on Thursday, April 17th at 10:30 a.m. Pacific Time. The call-in number is 517-623-4618, passcode SunPower, for interested parties wanting to participate in the quarterly conference call. Additionally, SunPower will host its Annual Stockholders' Meeting on Thursday, May 8th at 12:00 noon Pacific Time at Cypress's headquarters, located at 198 Champion Court in San Jose, Calif. Shares of SPWR rose 20 cents or .24% to $82.01 on Thursday after rocketing 6% the day before.

Sify Technologies Limited (NASDAQ:SIFY) provides Internet, network, and electronic commerce services in India. The company's corporate network/data services comprise various Internet protocol-based virtual private network offerings, including intranets, extranets, and remote access applications; and security solutions, such as security design, audit, procurement, and integration.

* Indian Internet and enterprise service provider Sify Technologies announced on Wednesday that the company plans to migrate its financial reporting to the International Financial Reporting Standards (IFRS). Sify had previously reported ITS financial results under US GAAP principles. Shares of SIFY were down 24 cents or 5.04% to $4.52 the following day.

MF Global Ltd., (NYSE:MF) formerly Man Financial, is the leading broker of exchange-listed futures and options in the world with offices in Bermuda, New York, London, Chicago, Paris, Mumbai, Singapore, Sydney, Toronto, Tokyo, Hong Kong, Taipei and Dubai. It provides execution and clearing services for exchange-traded and over-the-counter derivative products as well as for non-derivative foreign exchange products and securities in the cash market.

* MF Global stock surged Thursday after the broker tapped J. Randy MacDonald, the former chief operating officer at TD Ameritrade, to be the company's chief financial officer. The Wall Street Journal reported later in the day that it's considering financing options including a sale of a minority stake. The brokerage has hired Lazard to help it examine options, the Journal said. It