Stocks & Investing
Stocks and Investing
Stocks and Investing
Fri, June 26, 2009
Thu, June 25, 2009
Wed, June 24, 2009
CENX, SPPI, SOL, MTG, SQNM, PCX. Top Gainers With Lowest Price Friction In Morning Trade Today
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 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. Century Aluminum (NASDAQ: CENX), Spectrum Pharmaceuticals (NASDAQ: SPPI), ReneSola (NYSE: SOL), MGIC Investment (NYSE: MTG), Sequenom (NASDAQ: SQNM) and Patriot Coal (NYSE: PCX). 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
CENX $0.56 10.28% 1,299,860 56.02% 1,019,567 43.94% 280,293 5,005
SPPI $0.54 10.31% 235,364 56.09% 184,056 43.86% 51,308 950
SOL $0.52 10.14% 665,757 50.79% 547,290 41.75% 118,467 2,278
MTG $0.52 15.12% 361,190 47.01% 245,586 31.96% 115,604 2,223
SQNM $0.51 14.09% 2,613,026 53.13% 2,301,280 46.79% 311,746 6,113
PCX $0.51 8.75% 1,362,747 47.21% 1,178,884 40.84% 183,863 3,605
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 CENX with a dollar gain this morning of +$0.56 and a Friction Factor of 5,005 shares. That means that it only takes 5,005 more shares of buying than selling to move CENX 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.
Century Aluminum Company (NASDAQ: CENX), through its subsidiaries, produces primary aluminum in the United States and internationally. The company offers molten aluminum, as well as standard-grade ingot, extrusion billet, and other value-added primary aluminum products. It also holds 50 percent joint venture interests in the Gramercy alumina refinery, located in Gramercy, Louisiana and a related bauxite mining operation in Jamaica. The company was founded in 1981 and is based in Monterey, California.
Spectrum Pharmaceuticals, Inc. (NASDAQ: SPPI), a commercial-stage biotechnology company with a focus on oncology, develops and commercializes a portfolio of drug products. Its marketed products include ZEVALIN, a form of cancer therapy called radioimmunotherapy for the treatment of non-Hodgkin's Lymphoma (NHL); and FUSILEV, which is indicated after high-dose methotrexate therapy in patients with osteosarcoma. The company is also developing apaziquone for the treatment of non-muscle invasive bladder cancer. Its phase II products include Ozarelix, a drug being investigated for benign prostatic hypertrophy (BPH), a non-cancerous enlargement of the prostate, and hormone dependent prostate cancer; and Ortataxel, a third-generation taxane. The company was formerly known as NeoTherapeutics, Inc. and changed its name to Spectrum Pharmaceuticals, Inc. in December 2002. Spectrum Pharmaceuticals, Inc. was founded in 1987 and is based in Irvine, California.
ReneSola, Ltd. (NYSE: SOL), along with its subsidiaries, engages in the development, manufacture, and sale of solar wafers and related products in the People's Republic of China. It offers silicon ingots and solar wafers, which are processed from silicon raw materials, including reclaimable silicon raw materials, in the form of partially-processed and broken wafers, broken solar cells, pot scrap, silicon powder, ingot tops and tails, and other off-cuts. The company offers solar wafers, which are thin sheets of crystalline silicon material primarily made by slicing monocrystalline or multicrystalline ingots. Its products are used in the production of solar cells. The company sells solar wafers primarily to solar cell and module manufacturers. ReneSola was founded in 2003 and is based in Jiashan, China.
MGIC Investment Corporation (NYSE: MTG), through its subsidiary, Mortgage Guaranty Insurance Corporation, provides private mortgage insurance to the home mortgage lending industry in the United States. It provides primary insurance coverage that provides mortgage default protection on individual loans and covers unpaid loan principal, delinquent interest, and various expenses associated with the default and subsequent foreclosure. The company�s primary insurance is written on first mortgage loans secured by owner occupied single-family homes, first liens secured by non-owner occupied single-family homes, and on vacation or second homes. MGIC Investment�s principal product, primary mortgage insurance is written through the flow market channel, in which loans are insured in individual and loan-by-loan transactions, as well as through the bulk market channel, in which portfolios of loans are individually insured in single, bulk transactions. It also provides various mortgage services for the mortgage finance industry, such as contract underwriting, portfolio retention, and secondary marketing of mortgage-related assets. In addition, the company provides Internet portal that enables mortgage originators to access products and services of wholesalers, investors, and vendors necessary to make a home mortgage loan, as well as provides Website hosting, design, and marketing solutions for mortgage originators and real estate agents. It serves originators of residential mortgage loans, such as savings institutions, commercial banks, mortgage brokers, credit unions, mortgage bankers, and various other lenders. The company was founded in 1984 and is headquartered in Milwaukee, Wisconsin.
Sequenom, Inc. (NASDAQ: SQNM) provides products, services, diagnostic testing, applications, and genetic analysis products that translate genomic science into solutions for biomedical research, translational research, molecular medicine, and agricultural and livestock applications. It offers MassARRAY system, a high performance nucleic acid analysis platform that measures genetic target material and variations. The company offers its MassARRAY system for various DNA/RNA analysis applications, including single nucleotide polymorphism (SNP), genotyping detection of mutations, analysis of copy number variants, and other structural genome variations, as well as quantitative gene expression analysis, quantitative methylation marker analysis, comparative sequence analysis of haploid organisms, SNP discovery, and oligonucleotide quality control. Sequenom also provides the iPLEX multiplexing assay reagents and chips, which permits multiplexed SNP analysis using a similar amount of reagents and chip surface area. In addition, the company engages in the research, development, and the commercialization of various non-invasive molecular diagnostic tests for prenatal genetic disorders and diseases, oncology, and infectious diseases. It offers its products through direct sales and support personnel to clinical research laboratories, bio-agriculture, bio-technology and pharmaceutical companies, academic institutions, and government agencies worldwide. Sequenom has a collaboration agreement with the Immune Tolerance Institute to develop an advanced newborn screening test for severe combined immunodeficiency. The company was founded in 1994 and is headquartered in San Diego, California with additional offices in Queensland, Australia; Beijing, China; and Newton, Massachusetts.
Patriot Coal Corporation (NYSE: PCX) engages in the production and sale of thermal coal in the United States. It has operations and coal reserves in Appalachia and the Illinois Basin. The company provides its thermal coal to electric utilities, as well as metallurgical coal to steel mills and independent coke producers. It has 16 company-operated mines, contractor-operated mines, and coal preparation facilities that are located in northern West Virginia, southern West Virginia, and western Kentucky. As of December 31, 2008, the company controlled approximately 1.8 billion tons of proven and probable coal reserves. Patriot Coal Corporation, through its subsidiary, Magnum Coal Company, operates 11 coal mines and 7 preparation plants with production from surface and underground mines located in Appalachia, as well as controls approximately 600 million tons of proven and probable coal reserves. The company is based in St. Louis, Missouri.
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WWW.BUYINS.NET is a service designed to help bonafide shareholders of publicly traded US companies fight naked short selling. Naked short selling is the illegal act of short selling a stock when no affirmative determination has been made to locate shares of the stock to hypothecate in connection with the short sale. Buyins.net has built a proprietary database that uses Threshold list feeds from NASDAQ, AMEX and NYSE to generate detailed and useful information to combat the naked short selling problem. For the first time, actual trade by trade data is available to the public that shows the attempted size, actual size, price and average value of short sales in stocks that have been shorted and naked shorted. This information is valuable in determining the precise point at which short sellers go out-of-the-money and start losing on their short and naked short trades.
BUYINS.NET has built a massive database that collects, analyzes and publishes a proprietary SqueezeTrigger for each stock that has been shorted. The SqueezeTrigger database of nearly 2,550,000,000 short sale transactions goes back to January 1, 2005 and calculates the exact price at which the Total Short Interest is short in each stock. This data was never before available prior to January 1, 2005 because the Self Regulatory Organizations (primary exchanges) guarded it aggressively. After the SEC passed Regulation SHO, exchanges were forced to allow data processors like Buyins.net to access the data.
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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