ROSE, ZOLT, COMV, MGM, SEH. 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. Rosetta Resources (NASDAQ: ROSE), Zoltek (NASDAQ: ZOLT), Comverge (NASDAQ: COMV), MGM Mirage (NYSE: MGM) and Spartech (NYSE: SHE). 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
ROSE $0.93 12.37% 112,726 47.06% 93,742 39.13% 18,984 204
ZOLT $0.93 10.32% 85,810 50.81% 82,390 48.78% 3,420 37
COMV $0.92 9.57% 70,144 66.03% 36,079 33.97% 34,065 370
MGM $0.90 15.41% 10,935,058 50.51% 8,574,284 39.60% 2,360,774 26,231
CPC $0.90 10.00% 2,558,018 45.67% 1,603,284 28.62% 954,734 10,608
SEH $0.85 10.69% 75,806 57.02% 45,042 33.88% 30,764 362
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 ROSE with a dollar gain this morning of +$0.93 and a Friction Factor of 204 shares. That means that it only takes 204 more shares of buying than selling to move ROSE 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.
Rosetta Resources Inc. (NASDAQ: ROSE), an independent oil and gas company, engages in the acquisition, exploration, development, and production of oil and gas properties in North America. It primarily operates in the Sacramento Basin of California; the Rockies; the Lobo and Perdido Trends in South Texas; the State Waters of Texas; and the Gulf of Mexico. As of December 31, 2008, the company had 398.2 billion cubic feet equivalent of proved oil and natural gas reserves, including 376.5 billion cubic feet of natural gas and 3,603 thousand barrels of oil and condensate; and drilled 184 gross wells. Rosetta Resources Inc. is headquartered in Houston, Texas.
Zoltek Companies, Inc. (NASDAQ: ZOLT) through its subsidiaries, develops, manufactures, and markets carbon fibers and technical fibers in the United States. Its carbon fibers are used in a range of commercial products, as well as in reinforcement material in composites, carbon fiber composite products, and filament winding equipment used in the composite industry. The company�s technical fiber is a stabilized and oxidized acrylic fiber used in flame and heat-resistant applications; and oxidized acrylic fibers are used to manufacture aircraft brake pads for heat/fire barrier applications. In addition, it sells filament winding and pultrusion equipment used in the production of large volume composite parts. The company was founded in 1975 and is based in St. Louis, Missouri.
Comverge, Inc. (NASDAQ: COMV) provides peaking and base load capacity solutions to electric utilities, grid operators, and associated electricity markets in North America. Its Utility Products and Services segment offers load management solutions, such as the digital control unit, Superstat smart thermostat, In-Home Display, and PowerCAMP load management software to manage, operate, and maintain the electrical load. It also provides advanced meter reading systems, including Maingate Home, Maingate Commercial and Industrial, as well as PowerCAMP metering software to collect, manage, and analyze the use of electrical load. In addition, this segment offers virtual SCADA Systems consisting of digital capacitor control and service reconnect/disconnect devices for electric utilities to monitor and control distribution equipment and systems. The company�s Residential Business segment provides various solutions that address peak and base load demands for residential and small commercial consumers. This segment�s products and services comprise base load capacity program, which offers permanent load reduction through equipment upgrades, energy auditing and consulting, building automation, and lighting retrofits; and virtual peaking capacity program that provides a solution to alleviate stress on the electric grid by aggregating and coordinating the demands of load consuming equipment. It also offers utilities marketing services on an outsourced basis. Its Commercial and Industrial Business segment provides commercial and industrial demand management and energy management services. The demand response services offer commercial and industrial customers with an ability to participate in various demand response programs. The energy management services include the assessment of market opportunities in deregulated and unregulated markets and the performance of energy auditing and implementation strategies. The company was founded in 1974 and is based in East Hanover, New Jersey.
MGM MIRAGE (NYSE: MGM), through its subsidiaries, owns and operates casino resorts in the United States. The company�s resorts offer gaming, hotel, dining, entertainment, retail, and other resort amenities. It also owns and operates golf courses and a golf club. As of December 31, 2008, the company�s properties consisted of 17 wholly-owned casino resorts and 50% investments in 4 other casino resorts. MGM MIRAGE also operates luxury hotels in the Middle East and Asia. It has a strategic alliance with the Mashantucket Pequot Tribal Nation, which owns and operates a casino resort under the MGM Grand brand name in Ledyard, Connecticut. The company, formerly known as MGM Grand, Inc., was founded in 1986 and is based in Las Vegas, Nevada. MGM MIRAGE is a subsidiary of Tracinda Corporation.
Spartech Corporation (NYSE: SHE), together with its subsidiaries, operates as an intermediary processor of engineered thermoplastics in North America and Europe. The company�s Custom Sheet and Rollstock segment manufactures plastic sheets, custom rollstocks, laminates, and cell cast acrylic for use in various applications, including packaging, transportation, building and construction, recreation and leisure, electronics and appliances, signs/advertising, and aerospace markets. Its Packaging Technologies segment manufactures plastic packages and rollstocks primarily used in the food and consumer product markets. The company�s Color and Specialty Compounds segment manufactures custom-designed plastic alloys, compounds, color concentrates, and calendered film for utilization by various manufacturing customers servicing the automotive, building and construction, food/medical packaging, lawn and garden, and electronics and appliances sectors. Spartech Corporation also manufactures various products, including thermoplastic tires and wheels for the medical, lawn and garden, refuse container, and toy markets; profile window frames and fencing for the building and construction market; and doors, hatches, cabinets, and windscreens for boat manufacturers. The company sells its products primarily to original equipment manufacturers through its sales force, as well as through independent sales representatives and wholesale distributors. Spartech was founded in 1947 and is headquartered in Clayton, Missouri.
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