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IPCS, RIMM, CBT, SYNA, DRQ, CYH: Top 6 Losing Stocks With Lowest Price Friction For June 12, 2009


Published on 2009-06-14 11:08:08, Last Modified on 2010-12-22 14:13:37 - WOPRAI
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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 largest dollar loss per share Friday and low price friction (bearish). This means that there was more selling than buying in the stocks and their stock prices dropped faster with less Friction. iPCS, Inc. (NASDAQ: IPCS), Research in Motion (NASDAQ: RIMM), Cabot Corp (NYSE: CBT), Synaptics (NASDAQ: SYNA), Dril-Quip (NYSE: DRQ) and Community Health Systems (NYSE: CYH). 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

IPCS -$3.89 -20.43% 517,686 47.95% 546,055 50.58% -28,369 -73

RIMM -$2.46 -2.88% 7,429,698 49.04% 7,660,723 50.57% -231,025 -939

CBT -$2.24 -14.17% 1,100,278 40.56% 1,144,590 42.20% -44,312 -198

SYNA -$2.23 -5.51% 689,070 47.04% 755,879 51.60% -66,809 -300

DRQ -$2.09 -5.00% 180,719 35.55% 233,833 45.99% -53,114 -254

CYH -$1.96 -7.05% 1,128,570 40.83% 1,199,570 43.40% -71,000 -362

Click here to view chart:

Analysis of the Friction Factor chart above shows that each of the six stocks mentioned above have high net dollar losses (Change) and extremely low price friction in their stocks. 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 RIMM with a dollar loss Friday of -$2.46 and a Friction Factor of -939 shares. That means that it only took 939 more shares of selling than buying to move RIMM lower by one penny. This means the Market Makers are allowing the stock to drop quickly (low friction). The combination of low friction and negative market direction can drive prices lower faster than normal.

iPCS, Inc. (NASDAQ: IPCS), through its subsidiaries, engages in the ownership, operation, management, and maintenance of digital wireless personal communications services(PCS) networks. It offers personal communications services network products and services under the Sprint brand name. The company provides wireless voice and data services, long distance services, Internet access, prepaid phone cards, and handsets and accessories. iPCS, Inc. sells its products through PCS retail stores, co-branded dealers, local third party distributors, and national third party distributors primarily in Illinois, Indiana, Iowa, Michigan, Pennsylvania, Ohio, Maryland, Nebraska, New York, New Jersey, Tennessee, and West Virginia. As of December 31, 2008, its PCS network covered approximately 12.5 million residents, and had approximately 691,100 subscribers. The company was founded in 2000 and is headquartered Schaumburg, Illinois.

Research In Motion Limited (NASDAQ: RIMM) designs, manufactures, and markets wireless solutions for the mobile communications market worldwide. The company�s products include BlackBerry smartphones and accessories, including bundles, cases, audio and memory products, Bluetooth, chargers, batteries and doors, and card readers; SureType, a keyboard technology, which allows users to compose messages using single-handed operation or two-handed thumb-typing; and SurePress, a touch screen that helps in navigation and typing. Its products provide access to time-sensitive information, including email, phone, short messaging service, and Internet and intranet-based applications. The company�s products also enable third party developers and manufacturers to enhance their products and services with wireless connectivity to data. Research In Motion Limited markets and sells its products directly, as well as through strategic partners and distribution channels. It has a strategic alliance with Hewlett-Packard Company to deliver a portfolio of solutions for business mobility on the BlackBerry platform. The company was founded in 1984 and is headquartered in Waterloo, Canada with additional offices in North America, Europe, and the Asia Pacific.

Cabot Corporation (NYSE: CBT) provides specialty chemicals and performance materials worldwide. Its product lines include carbon black, metal oxides, supermetals, and specialty fluids. The carbon black product line comprises rubber blacks, performance products, and inkjet colorants. The company offers these products for various markets, such as automotive, building materials, agricultural, coatings, toners, plastics, inkjet printing, and electronics market. The metal oxides product line consists of fumed metal oxides, including fumed silica and fumed alumina, and dispersions; and aerogel products for the automotive, construction, microelectronics, and consumer products industries. The supermetals product line includes tantalum, niobium, and their alloys. The company�s tantalum powder is used to make capacitors for computers, networking devices, wireless phones, and electronics for automobiles and other devices; superalloys and chemical process equipment are used for various other industrial and aerospace applications; finished tantalum sputtering is used for film applications, such as semiconductors, inkjet heads, magnetics, and flat panel displays. The specialty fluids product line comprises cesium formate, a drilling and completion fluid, for use in high pressure and high temperature oil and gas well operations. The company was founded in 1882 and is headquartered in Boston, Massachusetts.

Synaptics Incorporated (NASDAQ: SYNA) develops and supplies custom-designed human interface solutions that enable people to interact with various mobile computing, communications, entertainment, and other electronic devices. It targets the personal computer (PC) market and the market for digital lifestyle products, including portable digital music and video players, mobile phones, and other select electronic device markets with its customized interface solutions. The company provides custom interface solutions for navigation, cursor control, and multimedia controls for PC original equipment manufacturers (OEMs). In addition to notebooks, other PC applications for its technology include peripherals, such as keyboards, mice, and monitors, as well as desktop and PC remote control applications. The company�s solutions for the PC market primarily include the TouchPad, a touch-sensitive pad that senses the position of a person�s finger on its surface; the TouchStyk, an integrated pointing stick module; and dual pointing solutions, which combine both a TouchPad and a pointing stick into a single notebook computer enabling the users to use the interface of their choice. Synaptics� user interface solutions for digital lifestyle products comprise the ScrollStrip and TouchRing, which are scrolling solutions that allow users to navigate through menus and content; LightTouch capacitive buttons, which provide illuminated button functionality; and MobileTouch, NavPoint, and ClearPad. The company sells its products to PC OEMs, as well as to various consumer electronics manufacturers primarily in the United States, Taiwan, China, Korea, Japan, Hong Kong, Switzerland, Singapore, and Malaysia. Synaptics Incorporated was founded in 1986 and is based in Santa Clara, California.

Dril-Quip, Inc. (NYSE: DRQ) designs, manufactures, fabricates, inspects, assembles, tests, and markets engineered offshore drilling and production equipment for use in deepwater, harsh environment, and severe service applications worldwide. Its principal products consist of subsea and surface wellheads, subsea and surface production trees, subsea control systems and manifolds, mudline hanger systems, specialty connectors and associated pipe, drilling and production riser systems, liner hangers, and wellhead connectors and diverters. The company�s products are used to explore for oil and gas on offshore drilling rigs, such as floating rigs and jack-ups. Its products are also used for drilling and production of oil and gas wells on offshore platforms; TLPs, which are floating production platforms connected to the ocean floor via vertical mooring tethers; Spars, a floating cylindrical structure; and floating production, storage, and offloading monohull moored vessels. In addition, the company provides services, including technical advisory services, rework and reconditioning services, and rental of running tools for use in the installation and retrieval of its products. It serves integrated, independent, and foreign national oil and gas companies, as well as offshore drilling contractors, and engineering and construction companies. Dril-Quip, Inc. was founded in 1981 and is based in Houston, Texas.

Community Health Systems, Inc. (NYSE: CHS) provides healthcare services through operation of hospitals in the United States. The company offers a range of general and specialized hospital healthcare services, including general acute care services, emergency room services, general and specialty surgery, critical care, internal medicine, obstetrics, and diagnostic services. It also owns or partners with physicians, physician practices, imaging centers, and ambulatory surgery centers. As of December 31, 2008, the company owned or leased 118 hospitals with an aggregate of 17,245 licensed beds in non-urban and selected urban markets in 28 states. It also owned and operated four home care agencies. The company was founded in 1985 and is headquartered in Franklin, Tennessee.

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