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SIG, MTRX, LXU, LIZ. Top Losing Stocks With Negative Price Friction In Morning Trade Today


Published on 2009-06-18 09:52:41, Last Modified on 2010-12-22 14:15:16 - 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 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. Signet Jewelers (NYSE: SIG), Matrix Service (NASDAQ: MTRX), LSB Industries (NYSE: LXU) and Liz Claiborne (NYSE: LIZ). 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

SIG -$0.75 -4.04% 11,216 24.90% 25,555 56.74% -14,339 -191

MTRX -$0.57 -4.78% 7,132 40.86% 10,222 58.57% -3,090 -54

LXU -$0.57 -3.56% 6,251 26.02% 15,777 65.66% -9,526 -167

LIZ -$0.56 -13.93% 468,503 41.18% 560,013 49.23% -91,510 -1,634

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 SIG with a dollar loss this morning of -$0.75 and a Friction Factor of -191 shares. That means that it only takes 191 more shares of selling than buying to move LIZ 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.

Signet Jewelers Limited (NYSE: SIG) operates as a specialty jewelry retailer in the United States, the United Kingdom, the Republic of Ireland, and the Channel Islands. It retails jewelry, watches, and associated services. As of January 31, 2009, the company operated 1,401 mall stores in the United States under Kay Jewelers, Jared The Galleria Of Jewelry, JB Robinson Jewelers, Marks & Morgan Jewelers, Belden Jewelers, Weisfield Jewelers, Osterman Jewelers, Shaw�s Jewelers, Rogers Jewelers, LeRoy�s Jewelers, Goodman Jewelers, Friedlander�s Jewelers, Every kiss begins with Kay, Peerless Diamond, Hearts Desire, Perfect Partner, and Open Hearts by Jane Seymour brands. It also operated 558 stores in the United Kingdom, including 14 stores in the Republic of Ireland under the H.Samuel, Ernest Jones, Leslie Davis, Forever Diamond, and Perfect Partner brands. The company was formerly known as Signet Group plc and changed its name to Signet Jewelers Limited in September 2008. Signet Jewelers Limited was founded in 1950 and is based in London, the United Kingdom.

Matrix Service Company (NASDAQ: MTRX) provides construction, and repair and maintenance services primarily to the energy and energy related industries in the United States and Canada. Its Construction Services segment offers aboveground storage tanks for the bulk storage/terminal industry, capital construction for the downstream petroleum industry, and specialty construction, as well as electrical/instrumentation services, such as civil/structural, mechanical, piping, electrical and instrumentation, millwrighting, and fabrication for various industries. The company�s Repair and Maintenance Services segment provides aboveground storage tank repair and maintenance services, including tank inspection, cleaning and American Society of Mechanical Engineers code repairs, and planned major and routine maintenance for the downstream petroleum industry; specialty repair and maintenance services; and electrical and instrumentation repair and maintenance. Matrix Service Company was founded in 1989 is headquartered in Tulsa, Oklahoma.

LSB Industries, Inc. (NYSE: LXU), through its subsidiaries, engages in the manufacture and sale of geothermal and water source heat pumps and air handling products, and chemical products. It operates in two segments, Chemical and Climate Control. The Chemical segment manufactures and sells nitric acid, mixed nitrating acids, metallurgical and commercial grade anhydrous ammonia, sulfuric acid, and ammonium nitrate for industrial applications; anhydrous ammonia, ammonium nitrate, urea ammonium nitrate, and ammonium nitrate ammonia solution for agricultural applications; and industrial grade ammonium nitrate and solutions for the mining industry. This segment sells its chemical products to farmers, ranchers, and fertilizer dealers and distributors, as well as polyurethane, paper, fibers, and electronics industries. The Climate Control segment manufactures and sells a range of air conditioning and heating products consisting of geothermal and water source heat pumps; hydronic fan coils; other heating, ventilation, and air conditioning (HVAC) products, including air handlers and modular chiller systems. Its HVAC products are primarily for use in commercial and residential new building construction, renovation of existing buildings, and replacement of existing systems. This segment�s products also used in various hotels, motels, schools, hospitals, apartment buildings, office buildings, and other commercial or residential structures. It serves original equipment manufacturers, contractors, and independent sales representatives. LSB Industries sells its products in Canada, the Middle East, Mexico, central and South America, Europe, the south east Asia, the Caribbean, and internationally. The company was founded in 1968 and is based in Oklahoma City, Oklahoma.

Liz Claiborne Inc. (NYSE: LIZ), through its subsidiaries, engages in the design and marketing of a range of apparel and accessories worldwide. It offers women�s, men�s, and children�s contemporary apparel, denim and casual sportswear, intimate apparel, classic career and casual apparel for women, and activewear. The company also provides various accessories, including jewelry, handbags, and fragrances, as well as bath and body-care products. Liz Claiborne offers its products under the JUICY COUTURE, KATE SPADE, and LUCKY BRAND; and AXCESS, CLAIBORNE, CONCEPTS BY CLAIBORNE, KENSIE, LIZ & CO., LIZ CLAIBORNE, MAC & JAC, MARVELLA, MONET, TRIFARI, DKNY JEANS, DKNY ACTIVE, and DKNY MENS brand names, as well as under the MEXX brand. As of January 3, 2009, the company operated a total of 443 specialty retail stores, including 291 in the United States and 152 primarily in western Europe and Canada; and 365 outlet stores comprising 212 in the United States and 153 primarily in western Europe and Canada. It also engages in e-commerce and licensing operations relating to its various retail and wholesale brands. The company was founded in 1976 and is based in New York, New York.

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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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