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IFN, TRP, UFS, IRE, CSIQ. Top Losing Stocks With Negative Price Friction In Morning Trade Today

^{Published on 2009-06-17 09:05:19, Last Modified on 2010-12-22 14:14:43 - WOPRAI}
 

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. India Fund (NYSE: IFN), TransCanada Corp (NYSE: TRP), Domtar Corp (NYSE: UFS), Bank of Ireland (NYSE: IRE) 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

IFN -$2.05 -6.89% 42,420 19.88% 157,445 73.80% -115,025 -561

TRP -$1.93 -6.61% 75,887 36.76% 108,937 52.77% -33,050 -171

UFS -$1.69 -9.01% 27,461 14.75% 100,584 54.04% -73,123 -433

IRE -$1.43 -13.84% 123,743 27.17% 264,424 58.06% -140,681 -984

CSIQ -$1.24 -8.83% 216,695 37.33% 353,229 60.86% -136,534 -1,101

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 IFN with a dollar loss today of -$2.05 and a Friction Factor of -561 shares. That means that it only took 561 more shares of selling than buying to move IFN 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.

India Fund, Inc. (NYSE: IFN) is a close ended equity mutual fund launched by The Blackstone Group. It is managed by Blackstone Asia Advisors L.L.C. The fund invests in public equity markets of India. It seeks to invest in stocks of small-cap, mid-cap and large-cap companies. The fund employs a quantitative and fundamental analysis with a bottom-up stock picking and asset allocation approach to create its portfolio. It benchmarks the performance of its portfolio against the IFC Investable India Index. The fund was formed on December 27, 1993 and is domiciled in the United States.

TransCanada Corporation (NYSE: TRP) provides energy infrastructure principally in North America. It operates through two segments, Pipelines and Energy. The Pipelines segment develops and operates energy infrastructure, including natural gas pipelines, regulated gas storage facilities, and projects related to oil pipelines. Its network of wholly owned pipelines extends approximately 59,000 kilometers tapping into various gas supply basins in North America. This segment also has natural gas pipeline and related holdings in Mexico and South America. The Energy segment engages in the acquisition, development, construction, ownership, and operation of electrical power generation plants; the purchase and marketing of electricity; the provision of electricity account services to energy and industrial customers; and the development, construction, ownership, and operation of non-regulated natural gas storage in Alberta, and liquefied natural gas facilities in Canada and the United States. The company was founded in 1951 and is headquartered in Calgary, Canada.

Domtar Corporation (NYSE: UFS) engages in designing, manufacturing, marketing, and distributing uncoated freesheet paper; papergrade, fluff, and specialty pulp; and lumber and wood products in North America. The company operates in three segments: Papers, Paper Merchants, and Wood. The Papers segment offers business papers, including copy and electronic imaging papers, which are used with ink jet and laser printers, photocopiers, and plain-paper fax machines, as well as computer papers, preprinted forms, and digital papers. It also provides commercial printing and publication papers, including uncoated freesheet papers, such as offset papers and opaques, and coated groundwood used in offset presses and digital printing; and publication papers comprising tradebook and lightweight uncoated papers used in book publishing applications, such as textbooks, dictionaries, catalogs, magazines, hard cover novels, and financial documents. This segment also offers converting and specialty papers, which consist of base papers that are converted into finished products, such as envelopes, tablets, business forms, and data processing/computer forms. It sells papers to paper merchants, office equipment manufacturers, stationers, retail outlets, commercial printers, converters, and end users. The Paper Merchants segment offers business, printing and publishing papers, and industrial products to small, medium and large commercial printers, publishers, quick copy firms, catalog and retail companies, and institutional entities. The Wood segment manufactures and markets lumber and wood-based products, as well as manages forest resources. The company is headquartered in Montreal, Canada. Domtar Corporation operates independently of Weyerhaeuser Co. as of March 7, 2007.

The Governor and Company of the Bank of Ireland (NYSE: IRE) provides banking and other financial services to small and medium-sized commercial and industrial companies primarily in Ireland, the United Kingdom, the United States, and the rest of world. Its personal banking services include savings and current accounts, credit cards, and mortgages, as well as loans comprising personal loans, motor loans, holiday loans, and graduate loans. The company�s student banking services comprise primary banking, school banking, college banking, and graduate banking. Its business banking services consists of business start up packages, franchising, and developing business loans; commercial business cards, deposit options, current accounts, pension products, savings and investments, protection products; and asset finance, including leasing and hire purchase, and commercial finance. The company�s capital markets services include corporate banking, foreign exchange, treasury services, asset management, corporate finance, property finance, project finance, and securities services. The Governor and Company of the Bank of Ireland was founded in 1783 and is headquartered in Dublin, Ireland.

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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