CAST, HMA, PCBC, AIB, GLG, ALD. Top Gainers With Lowest Price Friction In Morning Trade Today
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 top companies with the largest gains this morning 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. ChinaCast Education (NASDAQ: CAST), Health Management Associates (NYSE: HMA), Pacific Capital Bancorp (NASDAQ: PCBC), Allied Irish Banks (NYSE: AIB), GLG Partners (NYSE: GLG) and Allied Capital Corp (NYSE: ALD). 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
CAST $0.23 4.17% 25,982 65.83% 13,285 33.66% 12,697 552
HMA $0.22 4.68% 101,358 51.31% 59,132 29.94% 42,226 1,919
PCBC $0.22 5.92% 35,788 38.80% 33,278 36.08% 2,510 114
AIB $0.21 4.31% 481,032 55.85% 351,157 40.77% 129,875 6,185
GLG $0.20 5.63% 235,779 43.80% 164,651 30.59% 71,128 3,556
ALD $0.19 6.71% 71,726 53.72% 47,874 35.85% 23,852 1,255
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 CAST with a dollar gain today of +$0.23 and a Friction Factor of 552 shares. That means that it only takes 552 more shares of buying than selling to move CAST 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.
ChinaCast Education Corporation (NASDAQ: CAST), together with its subsidiaries, operates as an e-learning and training services provider in the Peoples Republic of China. Its e-learning education services include interactive distance learning applications, multimedia education content delivery, vocational/career training courses, and English language training. The company provides these services through its nationwide satellite broadband network, as well as through traditional bricks and mortar schools to post-secondary educational institutions, K-12 schools, government agencies, and corporate enterprises. ChinaCast also provides bachelor and diploma programs in finance, economics, trade, tourism, advertising, information technology, music, and foreign languages. The company was founded in 1999 and is headquartered in Beijing, the People�s Republic of China.
Health Management Associates, Inc. (NYSE: HMA), together with its subsidiaries, primarily owns and operates general acute care hospitals in non-urban communities principally in the southeastern and southwestern United States. Its hospitals provides a range of services, including general surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic care, coronary care, and pediatric services. The company also offers outpatient services, such as one-day surgery, laboratory, x-ray, respiratory therapy, and cardiology and physical therapy. In addition, it provides specialty services in cardiology, neuro-surgery, oncology, radiation therapy, computer-assisted tomography scanning, magnetic resonance imaging, lithotripsy, and full-service obstetrics. As of December 31, 2008, Health Management Associates operated 56 hospitals with a total of 8,019 licensed beds in Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, Missouri, North Carolina, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Washington, and West Virginia. The company was founded in 1977 and is headquartered in Naples, Florida.
Pacific Capital Bancorp (NASDAQ: PCBC) operates as the holding company for Pacific Capital Bank, N.A., which provides a range of commercial and consumer banking services to households, professionals, and businesses primarily in the central coast of California. The company primarily offers its banking services under Santa Barbara Bank & Trust, First National Bank of Central California, South Valley National Bank, San Benito Bank, and First Bank of San Luis Obispo brand names. It offers a range of deposit products, including NOW accounts, money market deposit accounts, savings accounts, time certificates of deposit, interest bearing deposits, and demand deposits. The company also provides various loans comprising real estate loans, such as residential"one to four family, multi-family residential, commercial, and construction; home equity loans; consumer loans; leases; and demand deposit overdraft protection products, as well as commercial, industrial, and agricultural loans. In addition, it offers safe deposit boxes, travelers� checks, money orders, foreign exchange services, and cashiers checks. Further, the company provides trust and investment advisory services, as well as a range of wealth management services. As of December 31, 2008, it operated 51 retail branches and 17 loan production offices. The company was founded in 1960 and is based in Santa Barbara, California.
Allied Irish Banks, p.l.c. (NYSE: AIB), together with its subsidiaries, provides retail and corporate banking, investment banking, and asset management services in the Republic of Ireland, the United States, the United Kingdom, Poland, and rest of the world. The company accepts demand deposits, time deposits, and current accounts, as well as provides lending services, such as vehicle, equipment, and fleet leasing; retail and investment property loans; vehicle and equipment hire purchase; insurance premium financing; and personal loans. It also offers wealth management services, such as retirement, investment, and estate planning, as well as a range of life and pensions products. In addition, the company provides corporate finance, treasury, risk management, stock broking, and outsourced financial services. Further, it offers specialist services comprising home mortgages, Visa and Mastercard credit cards, invoice discounting, asset finance, loans and overdrafts, payment services, and foreign exchange facilities; and electronic banking services, which facilitate account accessibility via telephone, mobile phone, and the Internet. Additionally, Allied Irish Banks provides financial planning and custody services; and mutual funds, and leasing and factoring products. It serves various customer segments, including individuals, small and medium sized businesses, farmers, and commercial and corporate clients. The company was founded in 1825 and is headquartered in Dublin, the Republic of Ireland.
GLG Partners Inc. (NYSE: GLG) is a publicly owned hedge fund sponsor. The firm provides its services to in high net worth individuals and institutions. It manages separate client-focused equity and fixed income portfolios and investment funds. The firm invests in the public equity and fixed income across the globe. It also invests in alternative markets through options, futures, and convertibles. The firm employs a combination of quantitative, qualitative, and fundamental analysis with tactical trading to make its investments. It employs external research to make its investments. GLG Partners was founded in September 1995 and is based in New York, New York.
Allied Capital Corporation (NYSE: ALD) is a private equity firm specializing in investments in small and middle market companies. The firm generally invests in mature, buyouts, acquisitions, recapitalizations, note purchases, mezzanine, growth capital and middle market equity, and debt investments. It provides debt financing in the form of first lien senior loans; junior debt including second lien loans, subordinated debt, and mezzanine debt; and unitranche loans. The firm prefers to invest in business services, financial services, consumer products, healthcare services, energy services, industrial products, retail, and consumer services sectors. It seeks to invest in private companies based in the United States. The firm seeks to invest a maximum of $300 million in buyout transactions and between $10 million and $150 million in debt transactions. It provides equity capital, typically in conjunction with a debt investment for management buyouts of companies with enterprise value between $50 million and $500 million. The firm seeks control and non-control equity stakes in the portfolio companies. Allied Capital Corporation was founded in 1958 and is based in Washington, District of Colombia with an additional office in New York, New York.
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