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ASIA, HXL, TWI, MTXX, SWHC, RAX. Top Losing Stocks With Negative Price Friction In Morning Trade Today


Published on 2009-06-23 09:13:42, Last Modified on 2010-12-22 14:16:45 - WOPRAI
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June 23, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for June 23, 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. Asiainfo Holdings (NASDAQ: ASIA), Hexcel Corp (NYSE: HXL), Titan International (NYSE: TWI), Matrixx Initiatives (NASDAQ: MTXX), Smith and Wesson (NASDAQ: SWHC) and Rackspace (NYSE: RAX). 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

ASIA -$0.69 -3.83% 78,027 41.93% 105,683 56.79% -27,656 -401

HXL -$0.66 -6.69% 273,225 40.14% 333,742 49.03% -60,517 -917

TWI -$0.62 -7.78% 70,116 24.98% 145,231 51.74% -75,115 -1,212

MTXX -$0.60 -11.43% 262,640 40.44% 371,871 57.25% -109,231 -1,821

SWHC -$0.56 -9.74% 551,935 43.11% 715,244 55.87% -163,309 -2,916

RAX -$0.55 -4.40% 31,841 31.54% 56,135 55.61% -24,294 -442

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 ASIA with a dollar loss this morning of -$0.69 and a Friction Factor of -401 shares. That means that it only takes 401 more shares of selling than buying to move ASIA 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.

AsiaInfo Holdings, Inc. (NASDAQ: ASIA) provides telecommunications software solutions, and information technology (IT) security products and services for telecommunications service providers, as well as to other major enterprises in China. Its AsiaInfo Technologies division provides software products and services, which enable customers to build, maintain, operate, manage, and continuously enhance their communications infrastructure and services in the telecom market. This division�s products and services to the telecommunications industry, primarily to China's major telecom carriers, include various software product suites, each of which is given the name of Open� because the software installed is designed with open architecture to facilitate further development and customization for specific purposes. It integrates a combination of these products, together with various services, into customized solutions that address individual customer needs. The company�s Lenovo-AsiaInfo division offers IT security products, such as firewall and virtual private network (VPN) products for a range of industries within the small to medium-sized enterprise market in China. This division also offers various IT security services, including consulting, implementation, management, and training. AsiaInfo Holdings also involves in researching, designing, and developing information technology solutions and software products, as well as in upgrading the existing software products to enhance scalability and performance, and to provide added features and functions. The company was founded in 1993 and is headquartered in Beijing, China.

Hexcel Corporation (NYSE: HXL), together with its subsidiaries, engages in the development, manufacture, and marketing of composites for use in the commercial aerospace, space and defense, and industrial applications. It operates in two segments, Composite Materials and Engineered Products. The Composite Materials segment manufactures and markets carbon fibers, fabrics and specialty reinforcements, prepregs, structural adhesives, honeycomb, composite panels, molding compounds, polyurethane systems, gel coats, and laminates. The Engineered Products segment manufactures and markets composite structures and precision machined honeycomb parts, such as aerodynamic fairings, wing panels, rotor blades, and other specific aircraft components. The company�s products are used in various end applications, including commercial and military aircraft, space launch vehicles and satellites, wind turbine blades, automotive, bikes, skis, and various other industrial applications. Hexcel Corporation sells and markets its products directly, as well as through independent distributors and manufacturer representatives. It sells its products in the United States, France, Austria, the United Kingdom, and internationally. The company was founded in 1946 and is based in Stamford, Connecticut.

Titan International, Inc. (NYSE: TWI) and its subsidiaries manufacture and sell wheels, tires, and assemblies for off-highway vehicles used in the agricultural, earthmoving/construction, and consumer markets in the United States. It offers rims, wheels, and tires for use on various agricultural and forestry equipment, including tractors, combines, skidders, plows, planters, and irrigation equipment, and sells directly to original equipment manufacturers and to the aftermarket through independent distributors, equipment dealers, and its own distribution centers. The company also provides rims, tires, and wheels for various types of earthmoving, mining, military, and construction equipment, including skid steers, aerial lifts, cranes, graders and levelers, scrapers, self-propelled shovel loaders, articulated dump trucks, load transporters, haul trucks, and backhoe loaders. In addition, Titan offers wheels and tires, as well as assembles brakes, actuators, and components for boat, recreational, and utility trailer markets; and builds various products for all-terrain vehicles, turf, golf car, and trailer applications. Further, the company provides wheel and tire assembly services. The company was founded in 1971 and is based in Quincy, Illinois.

Matrixx Initiatives, Inc. (NASDAQ: MTXX), through its subsidiaries, engages in the development, production, marketing, and sale of over-the-counter healthcare products. It offers Zicam Cold Remedy nasal pump, a homeopathic nasal gel that reduces the duration and severity of the common cold; Zicam Cold Remedy Swabs for consumers, who dislike nasal sprays; and Zicam Cold Remedy Chewables, Zicam Cold Remedy RapidMelts, Zicam Cold Remedy Oral Mist, Zicam Cold Remedy RapidMelts + Vitamin C, and Zicam Cold Remedy ChewCaps, which are oral cold remedy products that deliver a dose of ionic zinc to the oral mucosa. The company also offers Zicam Allergy Relief, a homeopathic nasal gel formula to control allergy symptoms for sufferers of hay fever and upper respiratory allergies; Zicam Extreme Congestion Relief, a nasal gel for relief of nasal congestion and sinus pressure; Zicam Sinus Relief that provides the benefits of the Extreme product with the aromatic strength of a cooling menthol/eucalyptus blend; and Nasal Comfort, which cleanses and moisturizes the nose. In addition, it provides Zicam Cough Spray products, including Zicam Cough Mist Max, Zicam Cough Max spray, and Zicam Cough Melt that are designed for cough relief and throat irritation. Further, the company offers Zicam Multi-Symptom Cold and Flu Relief products, which utilize a spoon dosing delivery to provide relief of cold and flu symptoms; and Xcid, a creamy antacid product. Matrixx sells its products directly to food, drug, mass market, and wholesale warehouse retailers in the United States, as well as to distributors that sell to retail establishments under the Zicam, Nasal Comfort, and Xcid brands. The company, formerly known as Gum Tech International, Inc., was founded in 1991 and based in Scottsdale, Arizona.

Smith & Wesson Holding Corporation (NASDAQ: SWHC), through its subsidiary, Smith & Wesson Corp., manufactures firearms primarily in the United States. It produces a range of pistols, revolvers, tactical rifles, hunting rifles, black powder firearms, handcuffs, and firearm-related products and accessories for various customers, such as gun enthusiasts, collectors, hunters, sportsmen, competitive shooters, protection focused individuals, law enforcement agencies and officers, and military agencies. The company also manufactures and exports handguns and handcuffs, as well as shotguns. In addition, it operates a retail store that sells firearms, accessories, branded products, apparel, ammunition, and related shooting supplies, as well as commercial shooting products in Springfield, Massachusetts; and another retail store, which offers firearms, as well as hunting, shooting, camping, fishing, and sporting gear and accessories in Rochester, New Hampshire. Further, the company offers various services, including forging, heat treating, finishing, and plating, as well as castings services; and pursues opportunities to license its name and trademarks to third parties for use in association with their products and services. It markets its products primarily through distributor, dealer, and consumer promotions, as well as specialized retail merchandising. Smith & Wesson Holding was founded in 1852 and is based in Springfield, Massachusetts.

Rackspace Hosting, Inc. (NYSE: RAX) provides information technology (IT) as a service, manages Web-based IT systems for small and medium-sized businesses, as well as large enterprises worldwide. The company offers a suite of hosting and cloud computing services, including dedicated hosting that delivers a customer-specific, dedicated server, located in its business-class data centers; managed hosting; platform hosting; cloud hosting services, which allow businesses to run their custom applications using the technologies of cloud computing; cloud applications, such as email, collaboration, and file back-up; and hybrid hosting, a suite of dedicated hosting and cloud computing services. It sells its service suite through direct sales and third-party channel partners. The company was formerly known as Rackspace.com, Inc. and changed its name to Rackspace Hosting, Inc. in June 2008. Rackspace Hosting, Inc. was founded in 1998 and is headquartered in San Antonio, Texas.

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