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SNDK, CEE, FORM, CSKI, IMGN. Top Losing Stocks With Negative Price Friction In Morning Trade Today

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  Published in Stocks and Investing on Thursday, June 18th 2009 at 9:46 GMT, Last Modified on 2010-12-22 14:15:14 by 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. SanDisk (NASDAQ: SNDK), Central Europe and Russia Fund (NYSE: CEE), FormFactor (NASDAQ: FORM), China Sky One Medical (NASDAQ: CSKI) and Immunogen (NASDAQ: IMGN). 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

SNDK -$0.93 -6.18% 619,989 37.34% 1,035,700 62.38% -415,711 -4,470

CEE -$0.91 -3.94% 7,450 30.12% 12,484 50.47% -5,034 -55

FORM -$0.86 -4.11% 53,751 31.20% 128,548 74.61% -74,797 -870

CSKI -$0.84 -6.16% 45,921 27.49% 120,943 72.39% -75,022 -893

IMGN -$0.79 -10.10% 216,910 45.52% 259,555 54.46% -42,645 -540

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 SNDK with a dollar loss this morning of -$0.93 and a Friction Factor of -4,470 shares. That means that it only took 4,470 more shares of selling than buying to move SNDK 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.

SanDisk Corporation (NASDAQ: SNDK) designs, develops, manufactures, and markets NAND-based flash storage card products that are used in various consumer electronics products. Flash storage technology allows data to be stored in a compact format that retains the data after the power has been turned off. The company offers removable data storage solutions, universal serial bus flash drives, embedded flash memory drive solutions for data and code storage, flash-based digital media players, and MP3 players. Its products are used in various consumer electronics devices, such as digital cameras, mobile phones, gaming devices, laptop computers, other portable devices, and digital audio and video players, as well as in personal computing and network servers. The company also provides embedded flash storage products that are used in various systems for the enterprise, industrial, military, and other markets. It offers its products through retail and original equipment manufacturer distribution channels in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. The company was formerly known as SunDisk Corporation and changed its name to SanDisk Corporation in August 1995. SanDisk Corporation was founded in 1988 and is based in Milpitas, California.

Central Europe and Russia Fund, Inc. (NYSE: CEE) is a closed-ended equity mutual fund launched by DWS Scudder. The fund is managed by Deutsche Investment Management Americas Inc. and Deutsche Asset Management Inc. It invests in the public equity markets across Central Europe and Russia. The fund seeks to invest in stocks of companies operating across diversified sectors. It benchmarks the performance of its portfolio against the CECE (Central Europe), RTX (Russia), and ISE National 30 (Turkey). Central Europe and Russia Fund, Inc. was formed on March 6, 1990 and is domiciled in the United States.

FormFactor, Inc. (NASDAQ: FORM) engages in the design, development, manufacture, sale, and support of precision semiconductor wafer probe card products and solutions based on its MicroSpring interconnect technology and design tools. Its wafer probe cards are used by semiconductor manufacturers to perform wafer sort and test on the semiconductor die, or chips, or the whole semiconductor wafer in the front end of the semiconductor manufacturing process. The company�s customers use its wafer probe cards to test DRAM chips, including DDR, DDR2, DDR3, SDRAM, PSRAM, mobile DRAM, Graphic DRAM, NOR and NAND flash memory chips, serial data devices, chipsets, microprocessors, and microcontrollers. It sells products to DRAM, flash memory devices, microprocessor, chipset, and other system on chip devices manufacturers primarily through its direct sales force, distributors, and independent sales representatives. The company has operations in Japan, North America, Taiwan, South Korea, and Europe. FormFactor, Inc. was founded in 1993 and is headquartered in Livermore, California.

China Sky One Medical, Inc. (NASDAQ: CSKI), through its subsidiaries, engages in the development, manufacture, marketing, and sale of over-the-counter, branded nutritional supplements, and over-the-counter plant and herb based pharmaceutical and medicinal products primarily in China. The company�s products include sumei slim patch to foster weight loss and prevent weight gain; pain killer patch used for the treatment of various ailments, including fever, headache, dysentery, diarrhea, and stiffness and pain in the neck caused by hypertension; anti-hypertension patch that improves circulation and reduces blood pressure; and dysmenorrheal patch for pain relief from dysmenorrheal in a woman�s critical days, and for regulating pain and catamenia. It also offers yin ke psoriasis spray; wart removing spray; chilblain ointment; hemorrhoids ointment for sterilizing and relieving hemorrhoid symptoms, including itching, distending pain, burning, and bleeding; tinea pedis spray, ointment, and powder for killing various pathogens on the skin surface and subcutaneously, such as mycete, trichopytic, staphylococcal bacteria aureus, bacillus coli, and candida albicans; dermatitis spray; dandruff treatment herbal shampoo; and runze eye drop. In Addition, the company provides cardiac arrest early examination kit, kidney disease testing kit, and early pregnancy test kit, as well as various products made from Chinese herbs and plants, including a leukoderma ointment, rheumatism spray, Coryza powder, Hircus removing spray, gonorrheal cleaning spray, a snoring retardant, deodorants, diet tea, cough arresting patch, pharyngitis spray, clindamycin metronidazole liniment, ganciclovir injection, loquat syrup, and indigowoad root granule. Further, it engages in the sale of medicinal and pharmaceutical products manufactured by others. The company sells its products through pharmaceutical chains. China Sky One Medical, Inc. was founded in 1994 and is headquartered in Harbin, the People�s Republic of China.

ImmunoGen, Inc. (NASDAQ: IMGN) engages in the research and development of antibody-based anticancer therapeutics in the United States. The company develops therapeutics for the treatment of cancer using its Tumor-Activated Prodrug (TAP) technology, which uses antibodies to deliver a potent cytotoxic agent. Its products include IMGN242, a Phase I clinical trial product for the treatment of CanAg-expressing gastric, pancreatic, and colorectal cancer; and IMGN901, which is in three clinical trials for the treatment of multiple myeloma as well as other hematological malignancies, small-cell lung cancer, ovarian cancer, and other cancers of neuroendocrine origin. The company�s products also include Trastuzumab-DM1, a Phase II clinical trial product for the treatment of metastatic breast cancer; AVE9633, a Phase I clinical trial product for acute myeloid leukemia; AVE1642, a Phase I clinical trial product for the treatment of certain solid tumors and hematological malignancies; SAR3419, a Phase I clinical trial product for the treatment of B-cell hematological malignancies, including non-Hodgkin�s lymphoma; and BIIB015, a Phase I clinical trial product for the treatment of the treatment of solid tumors. It has collaborative partnerships with sanofi-aventis; Genentech, Inc.; Biogen Idec, Inc.; Biotest AG; Centocor, Inc.; Amgen, Inc.; Vernalis; and Cytovance Biologics LLC. ImmunoGen was founded in 1981 and is based in Waltham, Massachusetts.

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