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 Daily High 5 Blog

5 – AMERICAN INTL GRP PF – NYSE:AVF

4 – American International Group – NYSE:AIG

3 – Netlist Inc. – NASDAQ:NLST

2 – Citigroup – NYSE:C

1 – Origin Agritech Limited – NASDAQ:SEED

* American Intl Group Preferred stock is the first stock this Wednesday mornings. Shares of AVF rose 3.3 percent to $14.58 in its debut on the HIGH 5.

* AIG on Tuesday moved a step closer to selling or listing two of its biggest businesses – its Asian insurance unit AIA and the international life insurer Alico – after spinning them off into separate vehicles partly owned by the New York Federal Reserve. Shares of AIG shot up 8.6 percent to $30.84 on the news.

* Shares of Netlist tumbled yesterday, a day after high-speed analog chipmaker Inphi Corp. said it sued the server and storage systems maker for patent infringement. Netlist shares tumbled 8.2 percent to close at $5.29. The stock has ranged from 11 cents to $7.98 over the past year.

* Citi on Tuesday said it renewed and extended its contract with Victory Capital Management and the Victory Funds. The renewal calls for Citi's Securities and Fund Services business to continue providing sub-administration and sub-fund accounting to Victory, and transfer agency support services to the Victory Funds. The bank's shares dropped .30 percent to $4.10 the news.

* Shares of Origin Agritech continued their climb on Tuesday after the Chinese government recently issued a final approval for its genetically modified corn seeds. Shares of SEED rose 1.2 percent to $13.68 on the Nasdaq.

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LocateStock is the premiere 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 on Uba TV that highlights stock inventory that is available for short sellers to legally borrow and stay in compliance with Regulation SHO. 

The daily HIGH 5 stocks are determined by LocateStock'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.

For an in-depth market analysis on each individual, hard to borrow stock, tune in daily to UBA TV at www.ubatv.com.

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SOURCE:        Locate Stock, LLC

Dec2

Written by: Daily High 5 Blogger
12/2/2009 9:52 AM 

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