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Fri, June 19, 2009
Thu, June 18, 2009

ACS, GPI, MHO, HIMX, FOE, SKS. Abnormal Price Friction In Morning Trading Session Today


Published on 2009-06-18 07:30:31, Last Modified on 2010-12-22 14:14:56 - WOPRAI
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June 18, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for June 18, 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 companies with Abnormal Price Friction (unfair market) in their stock prices in today�s trading session. This means that there was more buying than selling in the stocks and their stock prices dropped. Affiliated Computer Services (NYSE: ACS), Group 1 Automotive (NYSE: GPI), M/I Homes (NYSE: MHO), Himax Technologies (NASDAQ: HIMX), Ferro Corp (NYSE: FOE) and Saks Incorporated (NYSE: SKS). 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

ACS -$1.87 -4.09% 61,060 38.59% 59,932 37.88% 1,128 abnormal

GPI -$0.75 -3.48% 15,553 34.70% 14,812 33.05% 741 abnormal

MHO -$0.61 -5.67% 8,996 53.79% 6,300 37.67% 2,696 abnormal

HIMX -$0.22 -6.51% 59,234 66.47% 29,878 33.53% 29,356 abnormal

FOE -$0.16 -5.06% 45,604 51.80% 37,937 43.09% 7,667 abnormal

SKS -$0.16 -4.02% 94,167 45.03% 92,555 44.26% 1,612 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 Thursday, June 18th, 2009 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 ACS with 1,128 greater shares of buying than selling (NetVol) and the stock price is down -$1.87. 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.

Affiliated Computer Services, Inc. (NYSE: ACS) provides business process outsourcing and information technology (IT) services to commercial and government clients in the United States. Its Commercial segment provides IT outsourcing services, such as data center and midrange server outsourcing, network and desktop outsourcing, remote infrastructure management, help desk/service desk management, managed storage, utility computing, disaster recovery, security services, and IT commercial services; human capital management solutions comprising retirement solutions, health and productivity consulting, human capital management and technology consulting, compensation and communication consulting, administration of health and welfare plans, and learning administration and operations; and human resources outsourcing services, such as benefits administration, compensation management and administration, learning, on-boarding, payroll administration, performance management and administration, processing, reporting and analytics, self-service tools, succession planning, and WorkFlow tools. This segment also offers commercial education and financial services comprising inbound and outbound call center services, payment and entitlement processing, claim filing, pre-default collections, and skip tracing and originations; student financial aid office outsourcing services; student enrollment services; tax credit reporting services; and order-to-cash, procure-to-pay, payroll processing, travel and expense accounting, general accounting, and treasury and cash management services. The company�s Government segment provides technology and business process based services focusing on transaction, child support payment, electronic toll collection, and traffic violations processing, and program management services, such as Medicaid fiscal agent and student loan processing services. Affiliated Computer Services was founded in 1971 and is headquartered in Dallas, Texas.

Group 1 Automotive, Inc. (NYSE: GPI), through its subsidiaries, operates in the automotive retail industry. The company sells automotive products, including new and used cars and light trucks, as well as arranges related financing. It also offers replacement parts, warranty, vehicle service and insurance contracts, and maintenance and repair services. As of December 31, 2008, the company owned and operated 127 franchises at 97 dealership locations and 23 collision service centers in the United States of America; and 6 franchises at 3 dealerships and 2 collision centers in the United Kingdom. Group 1 Automotive has operations in Alabama, California, Florida, Georgia, Kansas, Louisiana, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, New York, Oklahoma, South Carolina, and Texas in the United States, as well as in Brighton, Hailsham, and Worthing in the United Kingdom. Group 1 Automotive was founded in 1995 and is headquartered in Houston, Texas.

M/I Homes, Inc. (NYSE: MHO), together with its subsidiaries, engages in the construction and sale of single-family residential properties. The company offers single-family homes, attached townhomes, and condominiums to first-time, move-up, empty-nester, and luxury buyers under the M/I Homes and Showcase Homes trade names. It designs, sells, and builds single-family homes on finished lots, which it develops or purchases ready for home construction. The company also purchases undeveloped land to develop into finished lots for construction of single-family homes and for sale to others. In addition, the company provides mortgage financing services, such as originating mortgage loans, as well as offers title services to purchasers of its homes. Further, it offers insurance brokerage services. The company has operations in Columbus and Cincinnati, Ohio; Indianapolis, Indiana; Chicago, Illinois; Charlotte and Raleigh, North Carolina; and Virginia and Maryland suburbs of Washington, D.C. As of December 31, 2008, it had approximately 4,038 developed lots; and approximately 294 lots under development in inventory, as well as owned raw land expected to be developed into approximately 3,713 lots. The company was founded in 1973 and is based in Columbus, Ohio.

Himax Technologies, Inc. (NASDAQ: HIMX), together with its subsidiaries, designs, develops, and markets semiconductors for flat panel displays. Its products include display drivers and timing controllers for various thin film transistor liquid crystal displays (TFT-LCD) panels, which are used in desktop monitors, notebook computers, televisions, mobile handsets, and consumer electronics products; and TFT-LCD television and monitor semiconductor solutions/chipsets. The company also provides liquid crystal on silicon (LCOS) products for palm-size mobile projector applications; power management integrated circuits, which include class-D audio amplifiers, step-up DC-to-DC switching regulators, and white light LED (light-emitting diode) drivers; and complementary metal oxide semiconductor image sensors for camera-equipped mobile devices, such as mobile phones and notebook computers with a focus on lowlight image and video quality. It serves TFT-LCD panel manufacturers, mobile device module manufacturers, and television makers. Himax Technologies, Inc. was founded in 2001 and is headquartered in Tainan, Taiwan.

Ferro Corporation (NYSE: FOE), together with its subsidiaries, produces specialty materials and chemicals for a range of manufacturers worldwide. It offers inorganic specialty products, including glazes, frits, enamels, pigments, dinnerware decorations, and other performance materials; organic specialty products, such as polymer specialty materials, engineered plastic compounds, pigments dispersions, and high-potency pharmaceutical active ingredients; and electronic materials comprising high-performance dielectrics, conductive pastes, metal powders, and polishing materials. The company�s products are used in various applications in markets, including appliances, transportation, building and renovation, electronics, household furnishings, industrial products, packaging, and pharmaceuticals. It serves manufacturers of tile, appliances, construction materials, automobile parts, glass, bottles, vinyl flooring and wall coverings, solar cells, multi-layer capacitors, and pharmaceuticals. The company sells its products directly to customers, as well as through indirect sales channels, such as agents and distributors. Ferro Corporation was founded in 1919 and is headquartered in Cleveland, Ohio.

Saks Incorporated (NYSE: SKS), together with its subsidiaries, operates fashion retail stores in the United States. It operates stores under Saks Fifth Avenue (SFA) and Saks Fifth Avenue OFF 5TH (OFF 5th) brand names. The company�s stores offer a range of luxury fashion apparel, shoes, accessories, jewelry, cosmetics, and gifts. SFA stores are principally free-standing stores in shopping destinations or anchor stores in upscale regional malls. OFF 5th stores are primarily located in upscale mixed-use and off-price centers. As of January 31, 2009, Saks operated 53 SFA stores and 51 OFF 5th stores. The company also sells its products through catalogs or Internet at saks.com. Saks Incorporated has a credit card strategic alliance with HSBC Bank Nevada. The company was founded in 1919 and is headquartered in New York, New York.

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