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CCO, PARD, BEXP, AXL, ACAS, HEB. Top Losing Stocks With Negative Price Friction In Morning Trade Today


Published on 2009-06-17 09:41:43, Last Modified on 2010-12-22 14:14:52 - WOPRAI
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June 17, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for June 17, 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 losses this morning and negative price friction (bearish). This means that there was more selling than buying in the stocks and their stock prices dropped faster with less Friction. Clear Channel (NYSE: CCO0, Poniard Pharmaceuticals (NASDAQ: PARD), Brigham Exploration (NASDAQ: BEXP), American Axle and Manufacturing (NYSE: AXL), American Capital (NASDAQ: ACAS) and Hemispherx Biopharma (AMEX: HEB). 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

CCO -$0.39 -6.84% 15,386 26.31% 29,000 49.58% -13,614 -349

PARD -$0.37 -7.52% 29,709 31.41% 64,630 68.32% -34,921 -944

BEXP -$0.35 -9.51% 74,842 33.40% 149,267 66.60% -74,425 -2,126

AXL -$0.33 -9.37% 175,683 37.71% 227,467 48.82% -51,784 -1,569

ACAS -$0.28 -7.20% 454,326 39.38% 686,483 59.50% -232,157 -8,291

HEB -$0.25 -9.58% 508,358 38.20% 710,347 53.38% -201,989 -8,080

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 CCO with a dollar loss today of -$0.39 and a Friction Factor of -349 shares. That means that it only took 349 more shares of selling than buying to move CCO 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.

Clear Channel Outdoor Holdings, Inc. (NYSE: CCO), an outdoor advertising company, owns and operates advertising display faces worldwide. It provides advertising through the company-owned billboards, street furniture displays, transit displays, and other out-of-home advertising displays, such as wallscapes, spectaculars, neons, and mall displays. The company serves retail, telecommunications, automotive, banking and financial services, amusement, food and food products, and entertainment industries. As of December 31, 2008, it owned or operated approximately 908,000 advertising displays. The company is headquartered in San Antonio, Texas. Clear Channel Outdoor Holdings, Inc. is a subsidiary of Clear Channel Communications, Inc.

Poniard Pharmaceuticals, Inc. (NASDAQ: PARD), together with its subsidiary, NeoRx Manufacturing Group, Inc., focuses on the development and commercialization of oncology products for people with cancer. Its lead platform product candidate, Picoplatin, is a platinum-based cancer therapy that is designed to overcome platinum resistance associated with chemotherapy in solid tumors. Picoplatin is being studied in various cancer indications, combinations, and formulations. Poniard Pharmaceuticals is conducting a phase III clinical trial of intravenous picoplatin in small cell lung cancer; two phase II clinical trials in metastatic colorectal and castration-resistant (hormone refractory) prostate cancers; and a clinical trial of oral picoplatin in solid tumors. The company was formerly known as NeoRx Corporation and changed its name to Poniard Pharmaceuticals, Inc. in June 2006. Poniard Pharmaceuticals was founded in 1984 and is headquartered in South San Francisco, California.

Brigham Exploration Company (NASDAQ: BEXP) engages in the exploration, development, and production of oil and natural gas reserves in the Rocky Mountains, Onshore Gulf Coast, Anadarko Basin, and west Texas. The company holds property interests in the Powder River Basin located in Wyoming. It also holds property interests in the Onshore Gulf Coast consisting of the Vicksburg trend in Brooks County, Texas; Miocene and Upper Oligocene trends in Southern Louisiana; and the Frio trend in and around Matagorda County, Texas. As of December 31, 2008, the company had estimated proved reserves of 137.1 Bcfe. It also operated 7 exploration wells and 64 development wells. The company sells its oil and natural gas to intrastate pipeline purchasers, operators of processing plants, and marketing companies. Brigham Exploration was founded in 1990 and is based in Austin, Texas.

American Axle & Manufacturing Holdings, Inc. (NYSE: AXL), together with its subsidiaries, engages in the engineering, design, manufacture, and validation of driveline and drivetrain systems, and related components and chassis modules for automotive industry in the United States. The company�s driveline and drivetrain systems include components that transfer power from the transmission and deliver it to the drive wheels. These products comprise axles, chassis modules, driveshafts, power transfer units, transfer cases, chassis and steering components, driving heads, crankshafts, transmission parts, and metal-formed products. It offers these products for light trucks, sport utility vehicles, passenger cars, crossover vehicles, and commercial vehicles. American Axle & Manufacturing Holdings also involves in differential gear, hypoid pinion, and ring gear forging businesses. The company was founded in 1994 and is headquartered in Detroit, Michigan.

American Capital, Ltd. (NASDAQ: ACAS), formerly known as American Capital Strategies, Ltd., is a principal investment firm specializing in management and employee private equity buyouts, acquisitions, recapitalizations, mergers and acquisition, add-on acquisitions, securitizations, special situations, growth capital investments in middle market companies, early stage in mature private and public companies, corporate divestitures, acquisitions of portfolio companies of private equity firms, acquisitions of family-owned or closely held businesses, change of control, or the exit of minority shareholders, going private transactions, and ownership transitions. The Special Situations Group invests in troubled and distressed situations including operational turnarounds, auctions, corporate and orphan carve-outs, portfolio add-ons, complex management buyouts and provides financings for DIP, exit, mezzanine for sponsored buyouts, second lien refinance, and direct lending to distressed companies. It prefers to invest in manufacturing, services, and distribution companies. The firm also makes investments in companies that provide services or products to federal, state, or local governments, focusing on information technology for custom information technology solutions, technology and software enabling headcount reduction, technology and software enabling cost reductions in conducting transactions with or within government. American Capital, Ltd. was founded in 1986 and is based in Bethesda, Maryland.

Hemispherx Biopharma, Inc. (AMEX: HEB), a biopharmaceutical company, engages in the clinical development, manufacture, marketing, and distribution of new drug therapies for the treatment of viral and immune based chronic disorders. The company�s products include Alferon N Injection for the treatment of genital warts; and Ampligen, an experimental drug that is in human clinical development for the treatment of myalgic encephalomyelitis/chronic fatigue syndrome, HIV, renal cell carcinoma, and malignant melanoma. Its products also comprise Alferon LDO, a low-dose, oral liquid formulation of natural alpha interferon for influenza and viral diseases, which is in the early stage of development; and Oragens for the treatment of viral diseases and disorders of the immune system. Hemispherx Biopharma, Inc. was founded in 1990 and is headquartered in Philadelphia, Pennsylvania.

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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.

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