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Thu, June 25, 2009
Wed, June 24, 2009

AGP, SVU, LYG, HLIT, PQ, FINL. Abnormal Price Friction In Morning Trading Session Today


Published on 2009-06-24 08:20:37, Last Modified on 2010-12-22 14:17:06 - WOPRAI
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June 24, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for June 24, 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. AMERIGROUP (NYSE: AGP), SUPERVALUE (NYSE: SVU), Lloyds Banking Group (NYSE: LYG), Harmonic (NASDAQ: HLIT), PetroQuest Energy (NYSE: PQ) and Finish Line (NASDAQ: FINL). 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

AGP -$2.04 -7.03% 452,386 37.57% 450,489 37.41% 1,897 abnormal

SVU -$1.78 -11.34% 3,204,327 41.23% 3,125,529 40.21% 78,798 abnormal

LYG -$0.51 -10.05% 1,462,431 50.37% 1,429,230 49.23% 33,201 abnormal

HLIT -$0.49 -8.18% 591,903 50.08% 585,534 49.54% 6,369 abnormal

PQ -$0.26 -6.49% 381,253 47.10% 321,730 39.75% 59,523 abnormal

FINL -$0.24 -3.12% 118,610 51.06% 108,665 46.78% 9,945 abnormal

Click here to view chart:

Analysis of the Friction Factor chart above shows that each of the stocks mentioned above had more buying than selling on Wednesday, June 24th, 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 SVU with 78,798 greater shares of buying than selling (NetVol) and the stock price is down -$1.78. 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.

AMERIGROUP Corporation (NYSE: AGP) operates as a multistate managed healthcare company focused on serving people, who receive healthcare benefits through publicly sponsored programs, such as Medicaid, Children�s Health Insurance Program (CHIP), Medicaid expansion programs, and Medicare Advantage. Its Medicaid program makes federal matching funds available to various states for the delivery of healthcare benefits to eligible individuals, as well as allows each state to establish its own eligibility standards, benefits package, payment rates, and program administration under broad federal guidelines. The company also offers CHIP, a federal and state funded program that provides healthcare coverage to children covered by Medicaid or other insurance programs; Temporary Assistance to Needy Families, a program that provides assistance to low-income families with children; and Supplementary Security Income, a federal income supplement program, which provides assistance to aged, blind, and disabled individuals who have little or no income. In addition, AMERIGROUP Corporation provides FamilyCare, a Medicaid expansion health insurance program created to help uninsured families, single adults, and couples without dependent children obtain affordable healthcare coverage. It provides its healthcare services through contracts with primary care physicians, specialists, hospitals, and ancillary providers. As of December 31, 2008, the company provided an array of products to approximately 1,579,000 members in Florida, Georgia, Maryland, New Jersey, New Mexico, New York, Ohio, South Carolina, Tennessee, Texas, and Virginia. The company was formerly known as AMERICAID Community Care. AMERIGROUP Corporation was founded in 1994 and is headquartered in Virginia Beach, Virginia.

SUPERVALU INC. (NYSE: SVU) operates as a grocery retailer in the United States. The company operates combination stores, food stores, and limited assortment food stores under the Acme Markets, Albertsons, Bristol Farms, bigg�s, Cub Foods, Farm Fresh, Hornbacher�s, Jewel-Osco, Lucky, Save-A-Lot, Shaw�s Supermarkets, Shop �n Save, Shoppers Food & Pharmacy, and Star Markets banners. Its stores offer various grocery products, general merchandise, health and beauty care products, pharmacy products, fuel, and other items and services. As of February 28, 2009, the company operated 2,421 retail stores, including 874 combination stores, 369 food stores, 316 limited assortment food stores, and 862 licensed Save-A-Lot stores. It also provides supply chain services, such as wholesale distribution of products to independent retailers, as well as a suite of logistics services, including warehouse management, transportation, procurement, contract manufacturing, and logistics engineering and management services. The company provides these services to single and multiple grocery store independent operators, regional and national chains, mass merchants, and the military. SUPERVALU INC. was founded in 1871 and is based in Eden Prairie, Minnesota.

Lloyds Banking Group plc (NYSE: LYG) provides banking and financial services in the United Kingdom, the United States, and Europe. It operates through three segments: UK Retail Banking, Insurance and Investments, and Wholesale and International Banking. The UK Retail Banking segment provides banking and other financial services to personal customers, private banking, and mortgages; current accounts; savings accounts; personal loans; card-based products and services, including credit and debit cards, and card transaction processing services for retailers; wealth management solutions, including financial planning and advice, and financial solutions for investments, retirement planning and income, trusts, tax and estate planning, and share dealing; and relationship banking services. The Insurance and Investments segment offers retail life, pensions, and investment products to corporate pension schemes, local authorities, and other institutions through independent financial advisors, and telephone and Internet; general insurance; unit-linked policies, annuities, term assurances, and health insurance; and other long-term savings products. The Wholesale and International Banking segment provides corporate banking and related services to multinational corporates and financial institutions, and small and medium-sized UK businesses; asset finance, including personal lending, store credit, and finance through leasing, hire purchase, and contract hire packages to personal and corporate customers; and international banking and financial services. As of December 31, 2008, it operated through 1,950 branches of Lloyds TSB Bank, Lloyds TSB Scotland plc, and Cheltenham & Gloucester plc; and 4,200 ATMs. The company was formerly known as Lloyds TSB Group plc and changed its name to Lloyds Banking Group plc as a result of its acquisition of HBOS plc in January 2009. Lloyds Banking Group plc was founded in 1985 and is headquartered in London, the United Kingdom.

Harmonic Inc. (NASDAQ: HLIT) designs, manufactures, and sells video products and system solutions that enable service providers to deliver broadcast and on-demand services. Its broadcast and on-demand services include high-definition television, video-on-demand, network personal video recording, and time-shifted TV. The company offers video processing products, including divicom encoders, statistical multiplexing solutions, stream processing products, and decoders and descramblers; and edge and access products, such as edge products, optical transmitters and amplifiers, and optical nodes and return path equipment. It also offers management and control software products that consist of NMX Digital Service Manager that gives service providers the ability to control and visually monitor their digital video infrastructure at an aggregate level; and NETWatch management system, which operates in broadband networks to capture measurement data and enables the broadband service operator to monitor and control the hybrid fiber-coax transmission network from a master headend or remote locations. In addition, the company provides content management software that comprise CLEARCut storage encoding and CarbonCoder software, which facilitate the creation of multi-format video for Internet, mobile, and broadcast applications; ProStream 8000 solution that allows operators to present on-screen mosaics with several channels tiled within a single video stream; and Armada and Streamliner products for the management of an operator�s video-on-demand assets and the distribution of these assets to subscribers. Further, it provides consulting, implementation, and maintenance services. The company sells and markets its products through direct sales force, independent distributors, and integrators to various broadband communications companies in the United States and internationally. Harmonic Inc. was founded in 1988 and is headquartered in Sunnyvale, California.

PetroQuest Energy, Inc. (NYSE: PQ) operates as an independent oil and gas company. It engages in the exploration, development, acquisition, and operation of oil and gas properties in Oklahoma, Arkansas, and Texas, as well as onshore and in the shallow waters offshore the Gulf Coast Basin. The company primarily evaluates the Woodford Shale formation on a portion of its Oklahoma acreage, as well as conducts various multi well drilling programs in Arkansas. As of December 31, 2008, it owned working interests in 16 gross producing oil wells and 893 gross producing gas wells. PetroQuest Energy was founded in 1983 and is headquartered in Lafayette, Louisiana.

The Finish Line, Inc. (NASDAQ: FINL), together with its subsidiaries, operates as a mall-based specialty retailer in the United States. It involves in the retail of men�s, women�s, and children�s athletic, lifestyle, and outdoor footwear under the Finish Line brand name. The company offers footwear for basketball, running, sport style, fitness, and outdoor uses; softgoods, such as caps, tops, pants, shorts, outer wear, running wear, fleece, fitness wear, and sport-casual wear; and licensed apparel, socks, athletic bags, backpacks, sunglasses, watches, and shoe-care products. It also provides denim jeans, knit tops, jean shorts, polo shirts, and graphic t-shirts for men and women under the Man Alive brand name. The company sells its merchandise through its Web sites, www.finishline.com and www.manalive.com, as well as through catalogs. As of April 27, 2009, it operated 687 Finish Line stores in 47 states and online; and 81 Man Alive stores in 19 states. The Finish Line was founded in 1976 and is headquartered in Indianapolis, Indiana.

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