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SONC, IRE, OFG, BSX, SWI, CHIC. Top Gainers With Lowest Price Friction In Morning Trade Today


Published on 2009-06-23 08:33:03, Last Modified on 2010-12-22 14:16:33 - 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 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. Sonic Corp (NASDAQ: SONC), Bank of Ireland (NYSE: IRE), Oriental Financial Group (NYSE: OFG), Boston Scientific (NYSE: BSX), SolarWinds (NYSE: SWI) and Charlotte Russe (NASDAQ: CHIC). 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

SONC $0.69 8.12% 141,786 52.85% 109,435 40.79% 32,351 469

IRE $0.67 7.30% 43,321 33.97% 42,631 33.43% 690 10

OFG $0.64 6.98% 12,569 49.16% 11,198 43.80% 1,371 21

BSX $0.59 6.39% 6,209,248 44.03% 6,023,074 42.71% 186,174 3,155

SWI $0.56 4.12% 41,330 53.94% 23,139 30.20% 18,191 325

CHIC $0.51 4.35% 28,132 65.27% 12,768 29.62% 15,364 301

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 SONC with a dollar gain this morning of +$0.69 and a Friction Factor of 469 shares. That means that it only takes 469 more shares of buying than selling to move SONC 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.

Sonic Corp. (NASDAQ: SONC) operates and franchises a chain of quick-service drive-in restaurants in the United States. As of August 31, 2008, the company operated 3,475 Sonic Drive-Ins, including 684 partner drive-ins and 2,791 franchise drive-ins. It also leases signs and real estate, as well as owns a minority interest in various franchise drive-ins. The company was founded in 1959 and is headquartered in Oklahoma City, Oklahoma.

The Governor and Company of the Bank of Ireland (NYSE: IRE) provides banking and other financial services to small and medium-sized commercial and industrial companies primarily in Ireland, the United Kingdom, the United States, and the rest of world. Its personal banking services include savings and current accounts, credit cards, and mortgages, as well as loans comprising personal loans, motor loans, holiday loans, and graduate loans. The company�s student banking services comprise primary banking, school banking, college banking, and graduate banking. Its business banking services consists of business start up packages, franchising, and developing business loans; commercial business cards, deposit options, current accounts, pension products, savings and investments, protection products; and asset finance, including leasing and hire purchase, and commercial finance. The company�s capital markets services include corporate banking, foreign exchange, treasury services, asset management, corporate finance, property finance, project finance, and securities services. The Governor and Company of the Bank of Ireland was founded in 1783 and is headquartered in Dublin, Ireland.

Oriental Financial Group Inc. (NYSE: OFG), a financial holding company, provides a range of financial products and services primarily in Puerto Rico and Florida. The company, through Oriental Bank and Trust, offers banking services, such as commercial and consumer lending, saving and time deposit products, financial planning, corporate and individual trust services, and mortgage lending services, as well as operates an international banking entity Oriental International Bank, Inc. It also provides deposits and mortgage, commercial, and consumer loans, as well as engages in the origination, purchase, and sale of residential mortgage loans to other financial institutions in the secondary market. As of December 31, 2008, Oriental Financial Group had 23 branches in Puerto Rico. The company, through its subsidiaries, also provides financial services, including fiduciary, insurance, and pension administration services; investment banking services; and securities brokerage services covering various investment alternatives, such as tax-advantaged fixed income securities, mutual funds, stocks, and bonds to retail and institutional clients. It also offers separately managed accounts and mutual fund asset allocation programs; and manages and participates in public offerings and private placements of debt and equity securities, as well as provides insurance agency services. In addition, the company provides administration of retirement plans. It primarily serves mid and high net worth individuals and families, including professionals and owners of small and mid-sized businesses. The company was founded in 1964 and is based in San Juan, Puerto Rico.

Boston Scientific Corporation (NYSE: BSX) operates as a developer, manufacturer, and marketer of medical devices used in various interventional medical specialties worldwide. Its products help physicians and other medical professionals improve the patients� quality of life by providing alternatives to surgery. The company�s cardiovascular group consists of drug-eluting and bare-metal stents, coronary revascularization products, Intraluminal ultrasound imaging catheters and systems, Embolic protection system, peripheral and neurovascular interventions, electrophysiology devices, and cardiac rhythm management devices. This group�s products are used to treat cardiovascular, peripheral vascular and neurovascular diseases, cardiac arrhythmias, and neuro and aortic aneurysms. Its endosurgery group includes esophageal, gastric, and duodenal intervention products; colorectal, pancreatico-biliary, and pulmonary intervention devices; and products for urinary tract intervention and bladder disease, prostate intervention, pelvic floor reconstruction and urinary incontinence, and gynecology. This group�s products are used for the treatment of gastrointestinal diseases, esophagitis, portal hypertension, peptic ulcers, esophageal cancer, polyps, inflammatory bowel disease, diverticulitis, colon cancer, and benign prostatic hyperplasia. The company�s neuromodulation group comprises Precision Spinal Cord Stimulation system for the treatment of chronic pain of the lower back and legs. Its cardiac rhythm management group offers implantable devices used to treat cardiac arrhythmias and heart failure. Boston Scientific Corporation markets its products through direct sales force, and a network of distributors and dealers. The company was founded in 1979 and is headquartered in Natick, Massachusetts with additional offices in Tokyo, Japan and Paris, France.

SolarWinds, Inc. (NYSE: SWI) provides enterprise-class network management software for network professionals and other information technology professionals. Its software meets the requirements of networks and implementations of various sizes and levels of complexity, ranging from a single device to approximately 100,000 installed devices. The company offers tools for engineers, including desktop-based and laptop-based applications for individual network professionals who need specific solutions for routine and complicated tasks; and for engineers, such as individual tools and toolsets that combine powerful tools together into a single package. SolarWinds also provides fault and performance management products to monitor network equipment, servers, and applications to determine the health and performance of those network elements. The company�s fault and performance management products include Orion, a server-based platform designed to minimize network downtime; and ipMonitor, a server-based network, server, and application monitoring system for small and mid-size organizations. In addition, it offers configuration and compliance products, including Cirrus Configuration Manager, a server-based product that performs network configuration and change management for network devices across multi-vendor networks; and LANsurveyor, which automatically discovers the devices connected to a network, collects inventory and configuration information about those devices, and produces comprehensive network maps that can be exported into Microsoft Office Visio. The company�s customers include small and mid-size businesses; enterprises; and local, state, and federal government entities. SolarWinds, Inc. was founded in 1999 and is headquartered in Austin, Texas.

Charlotte Russe Holding, Inc. (NASDAQ: CHIC) operates as a mall-based specialty retailer of apparel and accessories targeting young women in their teens and twenties. Its products also include footwear and jewelry. As of September 27, 2008, it operated 487 Charlotte Russe retail stores in 45 states and Puerto Rico. The company was founded in 1975 and is based in San Diego, California.

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The SqueezeTrigger database collects individual short trade data on over 7,000 NYSE, AMEX and NASDAQ stocks and general short trade data on nearly 8,000 OTCBB and PINKSHEET stocks. Each month the database grows by approximately 50,000,000 short sale transactions and provides investors with the knowledge necessary to time when to buy and sell stocks with outstanding short positions. By tracking the size and price of each month�s short transactions, BUYINS.NET provides institutions, traders, analysts, journalists and individual investors the exact price point where short sellers start losing money and a short squeeze can begin.

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