LocateStock.com rolls out Wall Street's Dirty Dozen during Earth Week
Jersey City, NJ (PRWEB) April 23, 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
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.
To learn more about hard-to-borrow stocks please visit www.LocateStock.com.
CONTACT: pressrelease@locatestock.com / 201-332-6800
SOURCE: Locate Stock, LLC
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