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DAL, AXL, UAUA, XTXI, ARM, HW. Top Losing Stocks With Negative Price Friction In Morning Trade Today


Published on 2009-06-23 09:34:57, Last Modified on 2010-12-22 14:16:51 - 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. Delta Air Lines (NYSE: DAL), American Axle and Manufacturing (NYSE: AXL), UAL Corp (NASDAQ: UAUA), Crosstex Energy (NASDAQ: XTXI), ArvinMeritor (NYSE: ARM) and Headwaters (NYSE: HW). 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

DAL -$0.24 -4.25% 1,020,049 36.79% 1,345,106 48.52% -325,057 -13,544

AXL -$0.20 -6.67% 230,280 32.34% 395,375 55.52% -165,095 -8,255

UAUA -$0.20 -5.60% 1,324,033 33.69% 2,606,175 66.31% -1,282,142 -64,107

XTXI -$0.16 -4.76% 74,472 40.58% 100,771 54.91% -26,299 -1,644

ARM -$0.16 -4.28% 126,915 33.02% 224,890 58.52% -97,975 -6,123

HW -$0.14 -4.06% 51,771 43.30% 52,231 43.69% -460 -33

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 DAL with a dollar loss this morning of -$0.24 and a Friction Factor of -13,544 shares. That means that it only takes 13,544 more shares of selling than buying to move DAL 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.

Delta Air Lines, Inc. (NYSE: DAL) provides scheduled air transportation for passengers and cargo in the United States and internationally. As of December 31, 2008, it offered services to 378 worldwide destinations in 66 countries. The company was founded in 1924 and is based in Atlanta, Georgia.

American Axle & Manufacturing Holdings, Inc. (NYSE: AXL), together with its subsidiaries, engages in the engineering, design, manufacture, and validation of driveline and drivetrain systems, and related components and chassis modules for automotive industry in the United States. The company�s driveline and drivetrain systems include components that transfer power from the transmission and deliver it to the drive wheels. These products comprise axles, chassis modules, driveshafts, power transfer units, transfer cases, chassis and steering components, driving heads, crankshafts, transmission parts, and metal-formed products. It offers these products for light trucks, sport utility vehicles, passenger cars, crossover vehicles, and commercial vehicles. American Axle & Manufacturing Holdings also involves in differential gear, hypoid pinion, and ring gear forging businesses. The company was founded in 1994 and is headquartered in Detroit, Michigan.

UAL Corporation (NASDAQ: UAUA), through its subsidiaries, offers air transportation services. The company, through its subsidiary, United Air Lines, Inc., provides transportation of persons, property, and mail in the United States and internationally. It provides its services through jet aircrafts, as well as smaller aircrafts in its regional operations. As of December 31, 2008, UAL Corporation operated 3,000 flights to approximately 200 destinations from its hubs in Los Angeles, San Francisco, Denver, Chicago, and Washington, D.C. It also served approximately 900 destinations in 160 countries worldwide through its alliance with Star Alliance carriers. The company was founded in 1934 and is based in Chicago, Illinois.

Crosstex Energy, Inc. (NASDAQ: XTXI), through its partnership interest in Crosstex Energy, L.P., engages in gathering, transmission, treating, processing, and marketing natural gas and natural gas liquids (NGLs) in the United States. The company connects the wells of natural gas producers in its market areas to its gathering systems; treats natural gas to remove impurities; processes natural gas for the removal of NGLs; fractionates NGLs into purity products; and transports natural gas to various markets. It also purchases natural gas from natural gas producers and other supply points; and sells that natural gas to utilities, industrial consumers, other marketers, and pipelines. In addition, it operates processing plants that process gas transported to the plants by interstate pipelines or from its own gathering systems. Further, the company purchases natural gas from producers not connected to gathering systems for resale and sells natural gas on behalf of producers. As of December 31, 2008, it operated approximately 5,700 miles of natural gas gathering and transmission pipelines, 12 natural gas processing plants, 4 fractionators, and 200 treating and dew point control plants. The company was founded in 1996 and is based in Dallas, Texas.

ArvinMeritor, Inc. (NYSE: ARM) supplies a range of integrated systems, modules, and components to commercial truck, light vehicle, trailer, and specialty original equipment manufacturers, as well as various after markets worldwide. The company�s products include commercial vehicle systems comprising truck axles, drivelines and other products, suspension systems and trailer products, braking systems, and transmissions; and specialty systems consisting of off-highway vehicle products, specialty vehicle products, and government products, such as axles, brakes, and brake system components, including ABS, trailer products, transfer cases, and drivelines for use in medium-duty and heavy-duty military tactical wheeled vehicles. It also offers light vehicle systems that comprise body systems, such as roof systems and door systems; chassis systems consisting of suspension systems, suspension modules, ride control products, and wheel products, such as fabricated steel wheels, bead seat attached wheels, full-face designed wheels, and clad wheels. The company primarily has joint ventures with Mitsubishi Steel Manufacturing Co. and Randon S. A. ArvinMeritor, Inc. was founded in 1921 and is headquartered in Troy, Michigan.

Headwaters Incorporated (NYSE: HW) provides products, technologies, and services to building products, coal combustion products (CCPs), and energy industries in the United States and Canada. The company�s Building Products segment designs, manufactures, and sells architectural stone and resin-based exterior siding accessories, such as shutters, mounting blocks, and vents; and other products used in new construction, remodeling and home improvement, commercial, and institutional markets. This segment distributes its products through a network of distributors, including masonry and stone suppliers, roofing and siding materials distributors, fireplace suppliers, and other contractor specialty stores. Its CCP segment manufactures a range of building materials that use fly ash, including block and architectural stone, which are used as a substitute for portland cement. The company�s Energy segment owns and operates coal cleaning facilities that remove rock, dirt, and other impurities from waste or other low-value coal, resulting in higher-value, marketable coal. Headwaters also has a proprietary technology that directly converts coal into liquid fuels, such as gasoline and diesel. The company has a joint venture agreement with the University of Utah to offer carbon management services to CO2-emitting companies. Headwaters Incorporated was founded in 1987 and is headquartered in South Jordan, Utah.

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