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PLCE, BBG, RCII, WATG. Abnormal Price Friction In Morning Trading Session Today


Published on 2009-06-19 09:01:29, Last Modified on 2010-12-22 14:15:41 - 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 companies with Abnormal Price Friction (unfair market) in their stock prices in today�s trading session. This means that there was more buying than selling in the stocks and their stock prices dropped. Childrens Place Retail Stores (NASDAQ: PLCE), Bill Barrett Corp (NYSE: BBG), Rent A Center (NASDAQ: RCII) and Wonder Auto Technology (NASDAQ: WATG). 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

PLCE -$0.79 -2.83% 164,202 59.15% 112,097 40.38% 52,105 abnormal

BBG -$0.70 -2.26% 154,409 63.88% 50,241 20.79% 104,168 abnormal

RCII -$0.59 -3.28% 342,370 67.42% 159,743 31.46% 182,627 abnormal

WATG -$0.58 -5.81% 62,888 53.44% 53,400 45.37% 9,488 abnormal

Click here to view chart:

Analysis of the Friction Factor chart above shows that each of the six stocks mentioned above had more buying than selling on Thursday, June 18th, 2009 and their stock prices dropped. 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 PLCE with 52,105 greater shares of buying than selling (NetVol) and the stock price is down -$0.79. This means the Market Makers were trading the stock in a way inconsistent with normal supply and demand (Economics 101); more buying than selling should cause prices to rise.

The Children's Place Retail Stores, Inc. (NASDAQ: PLCE), together with its subsidiaries, operates as a specialty retailer of children's apparel and accessories. It designs, contracts to manufacture, and sells merchandise under The Children's Place brand name. The company also provides shoes and other children oriented merchandise. In addition, it offers its merchandise through its online store, www.childrensplace.com. Further, the company provides private label credit cards to its customers through a third-party financial institution on a non-recourse basis. Its stores offer products for children ranging from newborn babies to 14 year old children. As of January 31, 2009, the company owned and operated 917 stores in North America, which include 674 stores in regional malls, 79 in strip centers, 121 in outlet centers, and 43 street stores. The Children's Place Retail Stores, Inc. was founded in 1969 and is headquartered in Secaucus, New Jersey.

Bill Barrett Corporation (NYSE: BBG), an independent oil and gas company, engages in the exploration, development, and production of natural gas and crude oil in the rocky mountain region of the United States. As of December 31, 2008, its proved oil and gas reserves were 818.3 billion cubic feet equivalent. Bill Barrett Corporation was founded in 2002 and is headquartered in Denver, Colorado.

Rent-A-Center, Inc. (NASDAQ: RCII), together with its subsidiaries, offers household durable products under rental purchase agreements that allow the customer to obtain ownership of the merchandise at the conclusion of an agreed upon rental period. The company operates stores under Get It Now, Home Choice, and Rent-A-Centre names to offer household durable goods on an installment sales basis and on a rent-to-own basis. It offers consumer electronics, such as high definition televisions, home theatre systems, video game consoles, and stereos; appliances, including refrigerators, washing machines, dryers, microwave ovens, and freezers; personal and laptop computers; furniture products, including dining room, living room, and bedroom furniture; and accessories, such as pictures, lamps, and tables. The company also offers various financial services, such as short term secured and unsecured loans, debit cards, and check cashing and money transfer services under the trade names RAC Financial Services and Cash AdvantEdge. As of December 31, 2008, it operated 3,037 company-owned stores in the United States, Canada, and Puerto Rico, including 31 retail installment sales stores and 8 rent-to-own stores in Canada. Rent-A-Center, Inc., through its subsidiary, ColorTyme, Inc., also had 222 franchised rent-to-own stores in the United States. The company was founded in 1986 and is headquartered in Plano, Texas.

Wonder Auto Technology, Inc. (NASDAQ: WATG), through its subsidiaries, engages in the business of designing, developing, manufacturing, and selling automotive electrical parts in China. It offers alternators, starters, engine valves, tappets, rods, shafts, rectifiers, regulator products, engine valves, and tappets. Wonder Auto Technology�s products are used in passenger cars and commercial vehicles. The company sells its products to automakers, engine manufacturers, and auto parts suppliers in China. Wonder Auto Technology, Inc. is headquartered in Jinzhou, China.

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