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OI, CNC, PALM, FUQI, STP, NNI. Top Gainers With Lowest Price Friction In Morning Trade Today


Published on 2009-06-19 09:22:38, Last Modified on 2010-12-22 14:15:48 - WOPRAI
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June 19, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for June 19, 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. Owens Illinois (NYSE: OI), Centene Corp (NYSE: CNC), Palm, Inc. (NASDAQ: PALM), Fuqi International (NASDAQ: FUQI), Suntech Power Holdings (NYSE: STP) and Nelnet (NYSE: NNI). 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

OI $1.76 6.50% 601,760 65.72% 167,138 18.25% 434,622 2,469

CNC $1.58 8.41% 240,890 62.76% 90,184 23.49% 150,706 954

PALM $1.41 10.80% 4,473,243 52.43% 3,430,927 40.21% 1,042,316 7,392

FUQI $1.31 8.12% 588,999 51.12% 539,506 46.82% 49,493 378

STP $1.19 6.91% 1,110,566 45.92% 998,848 41.30% 111,718 939

NNI $1.11 10.32% 219,323 58.52% 102,969 27.47% 116,354 1,048

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 OI with a dollar gain this morning of +$1.76 and a Friction Factor of 2,469 shares. That means that it only takes 2,469 more shares of buying than selling to move OI 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.

Owens-Illinois, Inc. (NYSE: OI), through its subsidiaries, manufactures and sells glass containers primarily in Europe, North America, the Asia Pacific, and South America. It produces glass containers for beer, ready-to-drink low alcohol refreshers, spirits, wine, food, tea, juice, and pharmaceuticals. The company also produces glass containers for soft drinks and other non-alcoholic beverages. Owens-Illinois sells its products directly, as well as through distributors to brewers, wine vintners, distillers, and food producers. The company was founded in 1903 and is headquartered in Perrysburg, Ohio.

Centene Corporation (NYSE: CNC) operates as a multiline healthcare company in the United States. It operates through two segments, Medicaid Managed Care and Specialty Services. The Medicaid Managed Care segment provides medicaid and medicaid-related health plan coverage to individuals through government subsidized programs, including medicaid, the state children�s health insurance program, and supplemental security income. These programs provide primary and specialty physician care, inpatient and outpatient hospital care, transportation assistance, emergency and urgent care, vision care, prenatal care, dental care, laboratory and x-ray services, home health and durable medical equipment, immunizations, prescriptions and over-the-counter drugs, and behavioral health and substance abuse services. The Specialty Services segment offers specialty services, such as behavioral health, disease management, long-term care programs, managed vision, nurse triage, pharmacy benefits management, and treatment compliance to state programs, healthcare organizations, employer groups, and other commercial organizations. The company also provides education and outreach programs to inform and assist members in accessing healthcare services. Centene offers its services through primary and specialty care physicians, hospitals, and ancillary providers. The company was founded in 1984 and is headquartered in St. Louis, Missouri.

Palm, Inc. (NASDAQ: PALM) provides mobile products for individual users and business customers worldwide. The company offers integrated technologies that enable people to stay connected with their family, friends, and colleagues; access and share the information; and manage their daily lives on the go. Its mobile products include smartphones and handheld computers, which provide various business productivity tools, and personal and entertainment applications. The company offers Centro and Treo 755p smartphones on the Palm operating system platform and the Treo 700wx, 750, 500, and 800w smartphones powered by Windows Mobile operating system. It provides Palm and Tungsten handheld computers, including Palm Z22, Tungsten E2, and Palm TX that incorporate data synchronization technology, enabling the devices to synchronize with desktop applications, such as Outlook, and an infrared port for exchanging information between devices. The company also offers various add-ons and accessories, including portable keyboards, memory expansion cards for storage and content, modems, headsets, and carrying cases. Palm, Inc. sells its products to wireless carriers, distributors, retailers, and resellers through its sales force, as well as to end users through its Web site at palm.com. The company, formerly known as palmOne, Inc., was founded in 1992 and is headquartered in Sunnyvale, California. Palm, Inc. (NasdaqNM:PALM) operates independently of 3Com Corporation, as of July 27, 2000.

Fuqi International, Inc. (NASDAQ: FUQI), through its subsidiaries, engages in designing, developing, promoting, and selling precious metal jewelry in the People�s Republic of China. The company offers basic gold jewelry, as well as a range of products, including rings, bracelets, necklaces, earrings, and pendants made from precious metals, such as platinum, gold, palladium, and karat gold. It also manufactures jewelry with diamond and other precious stone inlays, as well as gold coins and gold bars. Fuqi International sells its products primarily to the national and provincial distributors. The company was founded in 2001 and is headquartered in Shenzhen, the People�s Republic of China.

Suntech Power Holdings Co., Ltd. (NYSE: STP), a solar energy company, engages in the design, development, manufacture, and marketing of photovoltaic (PV) products worldwide. Its products include monocrystalline and multicrystalline silicon PV cells; PV modules; and building-integrated photovoltaics products. The company also provides PV system integration services, including designing, installing, and testing PV systems used in lighting for outdoor urban public facilities, as well as in farms, villages, and commercial buildings; and project development services. Its products are used to provide electric power for residential, commercial, industrial, and public utility applications. The company sells its products primarily through value-added resellers, such as distributors and system integrators; and to end users, including project developers. Suntech Power Holdings Co., Ltd. is headquartered in Wuxi, the People�s Republic of China.

Nelnet, Inc. (NYSE: NNI) provides education planning and financing to students, families, schools, and financial institutions in the United States. It offers a range of pre-college, in-college, and post-college products and services that help students and families plan and pay for their education and plan their careers. The company�s Student Loan and Guaranty Servicing segment operates student loan portfolio and the portfolios of third parties. It also offers services, including application processing, underwriting, disbursement of funds, customer service, account maintenance, federal reporting and billing collections, payment processing, default aversion, claim filing, and recovery/collection services; and support outsourcing. Its Tuition Payment Processing and Campus Commerce segment provides managed tuition payment solutions, online payment processing, detailed information reporting, and data integration services. The company�s Enrollment Services segment offers products and services for students to plan and prepare for life after high school, and colleges to recruit and retain students. Its Software and Technical Services segment develops student loan servicing software and also licenses the software to third-party student loan holders and servicers. It also offers information technology products and services for business in educational loan software solutions, business intelligence, technical consulting services, and enterprise content management solutions. The company�s Asset Generation and Management segment engages in the acquisition, management, and ownership of the company�s student loan assets. Nelnet, Inc. was founded in 1978 and is headquartered in Lincoln, Nebraska.

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