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OGXI, AM, TSL, FUL, STP, PETD. Top Gainers With Lowest Price Friction In Morning Trade Today


Published on 2009-06-24 08:33:35, Last Modified on 2010-12-22 14:17:11 - 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 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. OncoGenex Pharmaceuticals (NASDAQ: OGXI), American Greetings (NYSE: AM), Trina Solar (NYSE: TSL), HB Fuller (NYSE: FUL), Suntech Power Holdings (NYSE: STP) and Petroleum Development (NASDAQ: PETD). 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

OGXI $2.49 12.82% 63,805 55.88% 49,583 43.42% 14,222 57

AM $2.06 32.39% 416,569 45.99% 360,684 39.82% 55,885 271

TSL $1.91 8.64% 245,857 50.50% 177,420 36.44% 68,437 358

FUL $1.59 9.52% 80,615 44.51% 58,346 32.21% 22,269 140

STP $1.46 8.72% 1,230,811 51.25% 959,529 39.96% 271,282 1,858

PETD $1.44 10.28% 65,387 64.03% 35,838 35.09% 29,549 205

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 OGXI with a dollar gain this morning of +$2.49 and a Friction Factor of 57 shares. That means that it only takes 57 more shares of buying than selling to move OGXI 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.

OncoGenex Pharmaceuticals, Inc. (NASDAQ: OGXI), a biopharmaceutical company, engages in the development and commercialization of therapies for the treatment of cancer. The company�s lead candidate, OGX-011, is being evaluated in five Phase II clinical trials. OGX-011, which is also known as custirsen sodium, inhibits the production of clusterin, a protein that is over-produced in various types of cancer and in response to a range of cancer treatments, including hormone ablation therapy, chemotherapy, and radiation therapy. Its other product candidates include OGX-427, a Phase 1 clinical trial product, which is focused on reducing heat shock protein 27; and SN2310, a phase I clinical trial completed product for the treatment of cancer. The company�s preclinical stage products consist of OGX-225, an inhibitor of insulin growth factor binding proteins 2 and 5; and CSP-9222, a compound from a family of caspase activators. OncoGenex Pharmaceuticals is based in Bothell, Washington.

American Greetings Corporation (NYSE: AM), together with its subsidiaries, engages in the design, manufacture, and sale of greeting cards and other social expression products worldwide. It offers everyday and seasonal greeting cards, gift wrap, party goods, calendars, stationery, giftware, and custom display fixtures. The company also distributes social expression products, including electronic greetings, physical products incorporating consumer photos, and a range of graphics and digital services and products through various electronic channels, such as Web sites, Internet portals, instant messaging services, and electronic mobile devices. In addition, it creates and licenses its intellectual properties, such as the Care Bear� and Strawberry Shortcake� characters. The company�s domestic greeting card brands comprise American Greetings, Carlton Cards, Gibson, Tender Thoughts, Just For You, Recycled Paper, and Papyrus; and other domestic products include DesignWare party goods, Plus Mark gift wrap and boxed cards, DateWorks calendars, and AGI In-Store display fixtures. Its Internet brands primarily consist of AmericanGreetings.com, BlueMountain.com, Egreetings.com, Kiwee.com, PhotoWorks.com, and Webshots.com. American Greetings Corporation distributes its products primarily through mass merchandisers, drug stores, and supermarket chains. The company was founded in 1906 and is headquartered in Cleveland, Ohio.

Trina Solar Limited (NYSE: TSL), through its subsidiaries, designs, develops, manufactures, and sells solar modules. It offers monocrystalline PV modules ranging from 165 watts to 230 watts in power output; and multicrystalline PV modules ranging from 210 watts to 230 watts in power output for use in residential, commercial, industrial, and other solar power generation systems. The company sells and markets its products to distributors, wholesalers, and PV system integrators worldwide. Its products are used for electric power generation in residential, commercial, industrial, and other applications. Trina Solar Limited was founded in 1997 and is based in Changzhou, the People�s Republic of China.

H.B. Fuller Company (NYSE: FUL) manufactures and markets adhesives and specialty chemical products worldwide. It provides industrial and performance adhesives products for applications in various markets, including assembly, packaging, converting, nonwoven, and footwear. The company offers hot melt, water-based, and thermoset adhesives and mastics used in the creation of abrasives, appliances, brushes, doors, electronics, filters, flooring, household and office furniture, kitchen cabinets, marine applications, medical devices, millwork, paint rollers, and sporting goods; and hot melt and water-based products used in the production of packaging materials for durable and non-durable goods, as well as in the manufacture of bags and sacks, composite cans, corrugated cardboard, disposable paper goods, paperboard laminating, tape and labels, tissues and towels, and tubewinding. H.B. Fuller Company also provides hot melt adhesives used in disposable diapers, sanitary pads, adult incontinence garments, and disposable medical garments; and cleaners, primers, and adhesives for manufacturing footwear and leather goods. In addition, the company manufactures mastics, coatings, sealants, and adhesives for the thermal insulation, indoor air quality, asbestos abatement, and heating, ventilation, and air conditioning markets; ceramic tile installation products, flooring adhesives, surface preparation products, exterior insulation finish systems, and epoxy flooring for contractor markets; and pre-mixed grouts and mortars for home improvement market. Further, it offers products and services in the assembly of insulating glass and windows; consulting solutions for corrugated and folding carton packaging and engineered wood industries; paints for architectural, automotive, marine, and industrial applications; and adhesives, sealants, and coatings for construction, craftsman, and do-it-yourself markets. H.B. Fuller Company was founded in 1887 and is based in St. Paul, Minnesota.

Suntech Power Holdings Co., Ltd. (NYSE: STP), a solar energy company, engages in the design, development, manufacture, and marketing of photovoltaic (PV) products worldwide. Its products include monocrystalline and multicrystalline silicon PV cells; PV modules; and building-integrated photovoltaics products. The company also provides PV system integration services, including designing, installing, and testing PV systems used in lighting for outdoor urban public facilities, as well as in farms, villages, and commercial buildings; and project development services. Its products are used to provide electric power for residential, commercial, industrial, and public utility applications. The company sells its products primarily through value-added resellers, such as distributors and system integrators; and to end users, including project developers. Suntech Power Holdings Co., Ltd. is headquartered in Wuxi, the People�s Republic of China.

Petroleum Development Corporation (NASDAQ: PETD) engages in the exploration, development, production, and marketing of oil and natural gas. The company also specializes in the purchase, aggregation, and resale of natural gas from other producers. As of December 31, 2008, it owned interests in approximately 4,712 gross wells located primarily in the Rocky Mountain Region, and the Appalachian and Michigan Basins with 753 billion cubic feet equivalent of net proved oil and natural gas reserves. It sells natural gas to other gas marketers, utilities, industrial end-users, and other wholesale gas purchasers. The company was founded in 1955 and is based in Denver, Colorado.

About BUYINS.NET

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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