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STEC, TKG, MGA, TSL, SINA, CSIQ. Top Gainers With Lowest Price Friction In Morning Trade Today


Published on 2009-06-16 08:22:05, Last Modified on 2010-12-22 14:13:48 - WOPRAI
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June 16, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for June 16, 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. Here is a list of the top companies with the largest gains today and lowest price friction (bullish). This means that there was more buying than selling in the stocks and their stock prices rose faster with less Friction. STEC Inc. (NASDAQ: STEC), Telkom SA (NYSE: TKG), Magna International (NYSE: MGA), Trina Solar (NYSE: TSL), Sina Corp. (NASDAQ: SINA) and Canadian Solar (NASDAQ: CSIQ). 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

STEC $4.98 27.66% 1,990,480 51.57% 1,627,585 42.17% 362,895 729

TKG $3.37 7.15% 12,454 47.11% 10,431 39.46% 2,023 6

MGA $3.08 8.51% 163,080 35.76% 140,670 30.85% 22,410 73

TSL $2.08 8.91% 254,427 44.13% 210,421 36.50% 44,006 212

SINA $2.05 7.03% 380,841 53.34% 333,013 46.64% 47,828 233

CSIQ $1.38 10.49% 450,231 55.91% 353,614 43.91% 96,617 700

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 gains (Change) and very 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 STEC with a dollar gain today of +$4.98 and a Friction Factor of 729 shares. That means that it only took 729 more shares of buying than selling to move STEC higher by one penny. The Market Makers are currently allowing the stock to rise quickly (low friction). The combination of low friction and positive market direction can drive prices higher much faster than normal.

STEC, Inc. (NASDAQ: STEC) designs, develops, manufactures, and markets custom memory solutions based on flash memory and dynamic random access memory (DRAM) technologies. Its solid-state drive products include ZeusIOPS solid state drives that provide enterprise-class data storage solutions; MACH8IOPS solid state drives, which are small form factor storage solution for mission-critical systems in various industries; ATA PC cards for equipment requiring standard form factors and moderate capacities, such as data recorders, avionics systems, and telecommunication applications; CompactFlash products that provide interoperability with systems based on the PC Card ATA standard by using passive adapter; flash modules; secure digital memory cards; USB flash drive; and single chip drives. The company also offers DRAM products, which include dual in-line memory modules (DIMMs), small-outline DIMMs, mini-registered DIMMs (mini-RDIMMs), very low profile RDIMMs, and fully-buffered DIMMs or FB-DIMMs for computing, communications, and industrial applications. In addition, it provides integrated circuit tower stacked components for thin small outline package and ball grid array (BGA) semiconductor packages for use on memory modules and within high capacity flash products; postage stamp BGA stacked components; DRAM modules with stacked components for use primarily in high-performance servers, workstations, switches and routers, and other custom system; and flash products with stacked components for embedded systems. STEC sells its products through direct sales force, manufacturers� representatives, and original equipment manufacturer distributors in the United States and internationally. The company was founded in 1990 and is headquartered in Santa Ana, California.

Telkom SA Limited (NYSE: TKG) operates as an integrated communications services provider primarily in South Africa. It supplies telecommunication, broadcasting, multimedia, technology, information, and other related information technology services to the general public, as well as mobile communication service providers. The company�s services and products include fixed-line subscription and connection services to post-paid, prepaid, and private payphone customers using PSTN lines, such as ISDN lines, and the subscription based voice services and customer premises equipment rental and sales; fixed-line traffic services to post-paid, prepaid, and private payphone customers comprising local, long distance, fixed-to-mobile, international outgoing, and international voice-over-Internet protocol traffic services; and interconnection services, including terminating and transiting traffic from South African mobile operators, as well as from international operators and transiting traffic from mobile to international destinations. It also offers fixed-line data services, such as domestic and international data transmission services, which consists of point-to-point leased lines, ADSL services, packet-based services, managed data networking services, and Internet access and related information technology services; and e-commerce comprising Internet access service provider, application service provider, hosting, data storage, email, and security services. In addition, Telkom SA provides mobile communications services, including voice services, data services, value-added services, and handset sales through Vodacom Group (Proprietary) Limited; and other services, such as directory services, wireless data services, and Internet services outside South Africa, as well as information, communication, and telecommunication operating services in Nigeria. The company was founded in 1991 and is based in Pretoria, South Africa.

Magna International Inc. (NYSE: MGA) operates as a diversified automotive supplier. The company designs, develops, and manufactures automotive systems, assemblies, and modules and components, as well as engineers and assembles vehicles primarily for sale to original equipment manufacturers of cars and light trucks. Its product portfolio includes automotive interior, seating, closure, body and chassis, vision, electronic, exterior, powertrain, and roof systems. The company operates in North America, Europe, Asia, South America, and Africa. Magna International Inc. was formerly known as Magna Electronics Corporation Limited and changed its name to Magna International Inc. in January 1973. Magna International Inc. was founded in 1905 and is based in Aurora, Canada.

Trina Solar Limited (NYSE: TSL), through its subsidiaries, designs, develops, manufactures, and sells solar modules. It offers monocrystalline PV modules ranging from 165 watts to 230 watts in power output; and multicrystalline PV modules ranging from 210 watts to 230 watts in power output for use in residential, commercial, industrial, and other solar power generation systems. The company sells and markets its products to distributors, wholesalers, and PV system integrators worldwide. Its products are used for electric power generation in residential, commercial, industrial, and other applications. Trina Solar Limited was founded in 1997 and is based in Changzhou, the People�s Republic of China.

SINA Corporation (NASDAQ: SINA), through its subsidiaries, operates as an online media company and information services provider in the People�s Republic of China. It operates in five business lines: SINA.com, SINA Mobile, SINA Community, SINA.net, and SINA E-Commerce. The SINA.com business line offers online advertising, news, and content solutions, including banner, button, and text-link advertisements; channel and promotional sponsorships; advertising campaign design and management services; and free interest-based channels. The SINA Mobile business line provides content downloading, subscription to dating services, and mobile games on various platforms, as well as short messaging service, multimedia messaging service, wireless application protocol, interactive voice response system, and color ring back tone service. The SINA Community business line includes SINA Bar, a community-based platform for users to exchange views and share comments; SINA Album, a photo sharing platform; SINA Notepad, an inner-community messaging tool; SINA Circle that allows users to form communities on the Web; SINA UC, a proprietary instant messaging system; SINA Blog, a platform for Chinese bloggers to read and publish original writings; SINA Podcast, which allow users to upload, publish, and manage their audio-visual information; SINA Mail that offers free email, VIP mail, and corporate email for enterprise users; SINA BBS, which hosts topic-specific discussion forums in Chinese language; and SINA Post that allows free posting of advertisements for individual and enterprise users. The SINA.net business line provides e-marketing and e-government solutions, including search, corporate email, classified information, e-commerce, and city portals to businesses and government bodies. The SINA E-Commerce business line offers SINAMall, an online shopping Web site. The company was founded in 1997 and is headquartered in Shanghai, the People�s Republic of China.

Canadian Solar, Inc. (NASDAQ: CSIQ), together with its subsidiaries, engages in the design, development, manufacture, and marketing of solar module products that convert sunlight into electricity for various uses. Its products include a range of standard solar modules built to general specifications for use in various residential, commercial, and industrial solar power generation systems. The company also designs and produces specialty solar modules and products based on customers� requirements. Its specialty solar modules and products consist of customized modules that its customers incorporate into their own products, such as solar-powered bus stop lighting, and complete specialty products, such as solar-powered car battery chargers. In addition, the company implements solar power development projects, primarily in conjunction with government organizations to provide solar power generation in rural areas of China. It sells standard solar modules to distributors and system integrators, and specialty solar modules and products directly to various manufacturers, who integrate these solar modules into their own products or sell and market them as part of their product portfolio. Canadian Solar offers its products to customers located in various markets worldwide, including Germany, Spain, Canada, Korea, and China. The company was founded in 2001 and is based in Markham, Canada.

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BUYINS.NET has built a massive database that collects, analyzes and publishes a proprietary SqueezeTrigger for each stock that has been shorted. The SqueezeTrigger database of nearly 2,550,000,000 short sale transactions goes back to January 1, 2005 and calculates the exact price at which the Total Short Interest is short in each stock. This data was never before available prior to January 1, 2005 because the Self Regulatory Organizations (primary exchanges) guarded it aggressively. After the SEC passed Regulation SHO, exchanges were forced to allow data processors like Buyins.net to access the data.

The SqueezeTrigger database collects individual short trade data on over 7,000 NYSE, AMEX and NASDAQ stocks and general short trade data on nearly 8,000 OTCBB and PINKSHEET stocks. Each month the database grows by approximately 50,000,000 short sale transactions and provides investors with the knowledge necessary to time when to buy and sell stocks with outstanding short positions. By tracking the size and price of each month�s short transactions, BUYINS.NET provides institutions, traders, analysts, journalists and individual investors the exact price point where short sellers start losing money and a short squeeze can begin.

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