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AMZN, RIG, SLB, CUB, CSH, NUE: Top 6 Abnormal Price Friction Stocks For June 12, 2009

^{Published on 2009-06-14 11:03:50, Last Modified on 2010-12-22 14:13:32 - WOPRAI}
 

June 15, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for June 12, 2009. Since late October market makers are now required to be on the bid as much as they are on the offer and for like amounts of stock. This fair market making requirement is designed to prevent market makers from manipulating stock prices. On Friday there were 3,154 companies with abnormal market making, 2,458 companies with positive Friction Factors and 3,306 companies with negative Friction Factors. Here is a list of the top 6 companies with the Abnormal Price Friction (unfair market) in their stock prices. This means that there was more buying than selling in the stocks and their stock prices dropped. Amazon.com (NASDAQ: AMZN), Transocean (NYSE: RIG), Schlumberger (NYSE: SLB), Cubic Corp. (NYSE: CUB), Cash America International (NYSE: CSH) and Nucor Corp (NYSE: NUE). To access Friction Factor, Naked Short Data and SqueezeTrigger Prices on all stocks please visit http://www.buyins.net .

Market Maker Friction Factor is shown in the chart below:

Symbol Change % BuyVol Buy% SellVol Sell% NetVol Friction

AMZN -$2.49 -2.91% 3,203,635 51.66% 2,961,326 47.76% 242,309 abnormal

RIG -$2.29 -2.71% 1,568,428 36.77% 1,553,805 36.43% 14,623 abnormal

SLB -$1.91 -3.07% 4,438,407 40.22% 4,288,744 38.86% 149,663 abnormal

CUB -$1.80 -4.64% 82,602 48.06% 57,688 33.56% 24,914 abnormal

CSH -$1.79 -7.42% 303,077 45.35% 270,657 40.50% 32,420 abnormal

NUE -$1.71 -3.48% 1,613,318 39.06% 1,520,036 36.80% 93,282 abnormal

Click here to view chart:

Analysis of the Friction Factor chart above shows that each of the six stocks mentioned above had more buying than selling on Friday and their stock prices dropped. The Friction Factor displays how many more shares of buying than selling are required to move a stock higher by one cent or how many more shares of selling than buying moves a stock lower by 1 cent.

For example, the chart above shows AMZN with 242,309 greater shares of buying than selling (NetVol) and the stock price was down -$2.49. This means the Market Makers were trading the stock in a way inconsistent with normal supply and demand (Economics 101); more buying than selling should cause prices to rise.

Amazon.com, Inc. (NASDAQ: AMZN) operates as an online retailer in North America and internationally. It operates various retail Web sites, including amazon.com, amazon.co.uk, amazon.de, amazon.fr, amazon.co.jp, amazon.ca, and amazon.cn. The company serves its consumer customers through its retail Websites and focuses on selection, price, and convenience. It also offers programs that enable seller customers to sell their products on its Websites and their own branded Websites. In addition, the company serves developer customers through Amazon Web Services, which provides access to technology infrastructure that developers can use to enable virtually any type of business. Further, it offers co-branded credit card programs, fulfillment, and other marketing and promotional services, such as online advertising. Amazon.com, Inc. was founded in 1994 and is headquartered in Seattle, Washington.

Transocean Ltd. (NYSE: RIG) provides offshore contract drilling services for oil and gas wells worldwide. The company offers deepwater and harsh environment drilling, oil and gas drilling management, and drilling engineering and project management services, as well as explores, develops, and produces oil and gas resources. As of December 31, 2008, it owned and operated 136 mobile offshore drilling units comprising 39 high-specification floaters, 28 midwater floaters, 10 high-specification jackups, 55 standard jackups, and 4 other rigs, as well as 10 ultra-deepwater floaters under construction or contracted for construction. The company was founded in 1953 and is based in Vernier, Switzerland.

Schlumberger Limited (NYSE: SLB) operates as an oilfield services company in the United States and internationally. It operates in two segments, Oilfield Services and WesternGeco. The Oilfield Services segment provides technology, project management, and information solutions to the oil and gas exploration and production industry. This segment offers wireline technologies comprising open-hole and cased-hole services; directional-drilling, measurement-while-drilling, and logging-while-drilling services; exploration and production pressure and flow-rate measurement services at the surface and downhole; and services used during oil and gas well drilling and completion. It also offers various services that are used to maintain production throughout the life of a well; well completion services and equipment; artificial lift; data and consulting services; and information solutions, including consulting, software, information management, and IT infrastructure products and services that support core oil and gas industry operational processes. The WesternGeco segment provides reservoir imaging, monitoring, and development services, as well as operates seismic crews and data processing centers, and multi-client seismic library. This segment�s services range from 3D and time-lapse (4D) seismic surveys to multi-component surveys for delineating prospects and reservoir management. The company was founded in 1927 and is based in Houston, Texas with additional offices in Hague, The Netherlands and Paris, France.

Cubic Corporation (NYSE: CUB) engages in the design, development, and manufacture of defense electronics and transportation fare collection systems. Its Defense segment provides customized military range instrumentation systems, electro-optical systems, firearm simulation systems, communications and surveillance systems, surveillance receivers, power amplifiers, and avionics systems. It also offers services, including training mission support, computer simulation training, distributed interactive simulation, development of military training doctrine, and field operations and maintenance. The company�s Transportation Systems segment provides automated fare collection systems for public transport authorities. Its solutions and services include system design, central computer systems, equipment design and manufacturing, device-level software, integration, test, installation, warranty, maintenance, computer hosting services, call center services, card management and distribution services, financial clearing and settlement, multi-application support, and outsourcing services. In addition, Cubic Corporation designs, develops, and manufactures special technology components, such as smart card readers and magnetic ticket transports for use within its suite of fare collection equipment consisting of on-bus solutions, access control solutions, vending solutions, retail and card issuing solutions, and mobile inspection and sales solutions. The company offers its service and system solutions for the bus, bus rapid transit, light rail, commuter rail, heavy rail, ferry, and parking markets. It provides products and services for the United States and foreign governments; and large local government agencies in the United States and internationally. The company was founded in 1949 and is headquartered in San Diego, California.

Cash America International, Inc. (NYSE: CSH) engages in the ownership and operation of pawnshops in the United States and Mexico. The company provides pawn loans to individuals through its pawn lending operations. It also sells merchandise in its pawnshops, primarily personal property that has been forfeited in connection with its pawn lending operations. In addition, the company offers unsecured cash advances in selected lending locations and over the Internet, as well as on behalf of independent third-party lenders in other locations and over the Internet. Further, it provides short-term cash advances over the Internet under the name CashNetUSA in the United States, as well as under the name QuickQuid in the United Kingdom. Additionally, the company offers check cashing services and other retail financial services, such as stored-value cards, money orders, and money transfers, as well as provides loan processing services for, and participating in receivables associated with, a bank issued line of credit made available by the bank on certain stored-value debit cards the bank issues. As of December 31, 2008, it operated 613 pawnshops, including 486 owned units and 15 unconsolidated franchised units in 22 states in the United States, as well as 112 locations in central and southern Mexico. Cash America International also owned and operated 248 cash advance locations in 6 states; and 133 check cashing centers comprising 128 franchised and 5 company-owned check cashing centers in 16 states in the United States. The company was founded in 1984 and is headquartered in Fort Worth, Texas.

Nucor Corporation (NYSE: NUE), together with its subsidiaries, engages in the manufacture and sale of steel and steel products in North America. It operates in three segments: Steel Mills, Steel Products, and Raw Materials. The Steel Mills segment offers hot-rolled steel products, such as angles, rounds, flats, channels, rebar, sheets, wide-flange beams, pilings, billets, blooms, beam blanks, and plates; and cold-rolled steel. The Steel Products segment manufactures steel joists and joist girders, steel deck, fabricated concrete reinforcing steel, cold finished steel, steel fasteners, metal building systems, light gauge steel framing, steel grating and expanded metal, and wire and wire mesh. The Raw Materials segment engages produces direct reduced iron, brokers ferrous and nonferrous metals, and pig iron; supplies ferro-alloys; and processes ferrous and nonferrous scrap. The company sells its hot-rolled steel and cold-rolled steel to steel service centers, fabricators, and manufacturers; steel joists and joist girders, and steel deck to general contractors and fabricators; and cold finished steel and steel fasteners to distributors and manufacturers. Its steel products are used in highways, bridges, reservoirs, utilities, hospitals, schools, airports, stadiums, and high-rise buildings. The company was founded in 1940 and is based in Charlotte, North Carolina.

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