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SOA, GE, ABG, GCA, APL, GSI. Top Losing Stocks With Negative Price Friction In Morning Trade Today


Published on 2009-06-18 09:58:53, Last Modified on 2010-12-22 14:15:18 - 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. Solutia (NYSE: SOA), General Electric (NYSE: GE), Asbury Automotive (NYSE: ABG), Global Cash Access (NYSE: GCA), Atlas Pipeline (NYSE: APL) and General Steel (NYSE: GSI). 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

SOA -$0.51 -9.16% 137,871 31.70% 194,859 44.80% -56,988 -1,117

GE -$0.51 -4.18% 19,853,979 45.13% 22,676,004 51.54% -2,822,025 -55,334

ABG -$0.36 -3.34% 8,000 32.80% 10,600 43.46% -2,600 -72

GCA -$0.36 -5.17% 4,400 13.74% 25,728 80.33% -21,328 -592

APL -$0.30 -3.57% 36,290 40.62% 46,166 51.68% -9,876 -329

GSI -$0.27 -6.08% 57,563 25.82% 79,554 35.68% -21,991 -814

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 SOA with a dollar loss this morning of -$0.51 and a Friction Factor of -1,117 shares. That means that it only takes 1,117 more shares of selling than buying to move SOA 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.

Solutia Inc. (NYSE: SOA) manufactures and markets various chemical and engineered materials used in the consumer and industrial applications worldwide. The company operates in three segments: Saflex, CPFilms, and Technical Specialties. The Saflex segment produces polyvinyl butyral (PVB) sheet, a plastic interlayer used in the manufacture of laminated glass for automotive and architectural applications; specialty intermediate PVB resin products; and optical grade PVB resin and plasticizer. The CPFilms segment manufactures and sells special custom coated window films under Llumar, Vista, Gila, and Formula One Performance Automotive Films brand names; and produces various films for use in tapes, automotive badging, optical and colored filters, shades, packaging, computer touch screens, electroluminescent displays, and cathode ray tube and flat-panel monitors. The Technical Specialties segment manufactures and sells chemicals for the rubber industry, which include vulcanizing agents, principally insoluble sulfur, and rubber chemicals, such as antidegradants, accelerators, and other rubber chemicals; heat transfer fluids used for indirect heating or cooling of chemical processes in various types of industrial equipment, as well as in solar energy power systems; and aviation hydraulic fluids and aviation solvents used in the aviation industry. Solutia sells its products directly to end users in various industries through a sales force and distributors. The company was founded in 1901 and is headquartered in St. Louis, Missouri.

General Electric Company (NYSE: GE) operates as a technology, media, and financial services company worldwide. Its Energy Infrastructure segment produces gas, steam, and aeroderivative turbines; generators; and combined cycle systems, as well as provides water treatment services and equipment. This segment also sells surface and subsea drilling and production systems, floating production platform equipment, compressors, turbines, turboexpanders, and high pressure reactors to national, international, and independent oil and gas companies; and offers equipment overhauls and upgrades, pipeline inspection and integrity services, remote diagnostic and monitoring, and contractual service agreements. The company�s Technology Infrastructure segment manufactures jet engines, aerospace systems and equipment, and its replacement parts, as well as provides repair and maintenance services for commercial aircraft; military aircraft, including fighters, bombers, tankers, and helicopters; marine applications; and executive and regional aircraft. This segment also produces healthcare products, including diagnostic imaging systems; offers transportation products and maintenance services; provides enterprise solutions using sensors for temperature, pressure, moisture, gas and flow rate, as well as non-destructive testing inspection equipment. GE�s NBC Universal segment engages in the production and distribution of films and television programs; operation of television stations and cable/satellite television networks, as well as theme parks. The company�s Capital Finance segment offers loans, leases, and other financial services to customers, including manufacturers, distributors, and end-users of equipment and major capital assets. Its Consumer & Industrial segment produces various house hold appliances, lighting products, and electrical equipment and control products, as well as provides related services. The company was founded in 1892 and is based in Fairfield, Connecticut.

Asbury Automotive Group, Inc. (NYSE: ABG) operates as an automotive retailer in the United States. It offers various automotive products and services, including new and used vehicles and related financing; vehicle maintenance and repair services; replacement parts; and warranty, insurance, and extended service contracts. The company�s new vehicle sales comprise the sale of new vehicles, including light vehicles and heavy trucks to individual retail customers and commercial customers. Its used vehicle sales include the sale of used vehicles to individual retail customers and other dealers at auction. It arranges for the financing of the sale or lease of new and used vehicles to customers through third party vendors. As of December 31, 2008, the company operated 115 franchises at 87 dealership locations and 25 collision repair centers. Asbury Automotive Group was founded in 1995 and is headquartered in Duluth, Georgia.

Global Cash Access Holdings, Inc. (NYSE: GCA), through its subsidiaries, provides cash access products and related services to the gaming industry in the United States and internationally. Its cash access products and services include Casino Cash Plus 3-in-1 ATM that enables patrons to access cash through ATM cash withdrawals, point-of-sale (POS) debit card transactions, and credit card cash advances; QuikCash, a non-ATM cash advance kiosk for the gaming industry; check verification and warranty services; and money transfer services. The company also provides information services, including central credit, a gaming patron credit bureau that assists gaming establishments in credit making decisions; QuikCash Plus Web, a cash access transaction processing system for cashier operations that run on a gaming establishment�s own computer hardware; QuikReports, which provides access to information on patron cash access activity; and QuikMarketing, a patron transaction database. In addition, it offers cashless gaming products comprising 3-in-1 Enabled Redemption Device, a multi-function patron kiosk for cash access into self-service kiosks for slot ticket redemption services; Powercash, a product that leverages a player�s loyalty card to enable that player to load funds on that card from their checking accounts, credit cards, or debit cards. Global Cash Access Holdings primarily serves traditional land-based casinos; and gaming establishments operated on casinos, riverboats, and cruise ships with gaming operations; pari-mutuel wagering facilities; and card rooms. The company was founded in 1998 and is headquartered in Las Vegas, Nevada.

Atlas Pipeline Partners, L.P. (NYSE: APL) engages in the transmission, gathering, and processing of natural gas. The company primarily provides natural gas gathering services in the Anadarko, Arkoma, Golden Trend, and Permian Basins in the southwestern and mid-continent United States and the Appalachian Basin in the eastern United States. It also offers natural gas processing and treatment services in Oklahoma and Texas, as well as provides interstate gas transmission services in southeastern Oklahoma, Arkansas, southern Kansas, and southeastern Missouri. The company owns and operates a 565-mile interstate pipeline system that extends from southeastern Oklahoma through Arkansas and into southeastern Missouri; 9,100 miles of active natural gas gathering systems located in Oklahoma, Arkansas, Kansas, and Texas; and 1,835 miles of natural gas gathering systems located in eastern Ohio, western New York, western Pennsylvania, and northeastern Tennessee. It has a joint venture agreement with Williams Companies Inc. Atlas Pipeline Partners GP, LLC serves as the general partner of the company. Atlas Pipeline Partners was founded in 1999 and is based in Moon Township, Pennsylvania.

General Steel Holdings Inc. (NYSE: GSI), through its subsidiaries, operates a portfolio of steel companies serving various industries primarily in the People�s Republic of China. The company manufactures hot-rolled carbon and silicon steel sheets for use in the production of tractors, agricultural vehicles, shipping containers, and in other specialty markets; spiral-weld steel pipes, which primarily serves customers in the oil, gas, and petrochemical markets; and integrated steel, pig iron, crude steel, reinforced bars, and high-speed wire for the construction industry and infrastructure. It sells its products primarily to distributors. The company was founded in 1988 and is based in Beijing, the People�s Republic of China.

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