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

SWHC, FRZ, MYRXV. Abnormal Price Friction In Morning Trading Session Today


Published on 2009-06-24 08:26:09, Last Modified on 2010-12-22 14:17:09 - 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. Smith & Wesson (NASDAQ: SWHC), Reddy Ice Holdings (NYSE: FRZ) and Myriad Pharmaceuticals (NASDAQ: MYRXV). 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

SWHC -$0.18 -3.32% 323,328 52.13% 296,891 47.87% 26,437 abnormal

FRZ -$0.11 -5.82% 129,097 57.06% 97,140 42.94% 31,957 abnormal

MYRXV -$0.09 -1.81% 54,061 53.90% 46,245 46.10% 7,816 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 SWHC with 26,437 greater shares of buying than selling (NetVol) and the stock price is down -$0.18. 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.

Smith & Wesson Holding Corporation (NASDAQ: SWHC), through its subsidiary, Smith & Wesson Corp., manufactures firearms primarily in the United States. It produces a range of pistols, revolvers, tactical rifles, hunting rifles, black powder firearms, handcuffs, and firearm-related products and accessories for various customers, such as gun enthusiasts, collectors, hunters, sportsmen, competitive shooters, protection focused individuals, law enforcement agencies and officers, and military agencies. The company also manufactures and exports handguns and handcuffs, as well as shotguns. In addition, it operates a retail store that sells firearms, accessories, branded products, apparel, ammunition, and related shooting supplies, as well as commercial shooting products in Springfield, Massachusetts; and another retail store, which offers firearms, as well as hunting, shooting, camping, fishing, and sporting gear and accessories in Rochester, New Hampshire. Further, the company offers various services, including forging, heat treating, finishing, and plating, as well as castings services; and pursues opportunities to license its name and trademarks to third parties for use in association with their products and services. It markets its products primarily through distributor, dealer, and consumer promotions, as well as specialized retail merchandising. Smith & Wesson Holding was founded in 1852 and is based in Springfield, Massachusetts.

Reddy Ice Holdings, Inc. (NYSE: FRZ) engages in the manufacture and distribution of packaged ice in the United States. The company offers ice in various forms, including cube, half-moon, cylindrical, crushed, and block forms. It markets its products, under the Reddy Ice brand name, to supermarket chains, mass merchants, convenience stores, wholesale ice and food distributors, commercial users, resorts and restaurants, agricultural buyers, competitive producers, and self-suppliers. Reddy Ice serves its customers in 31 states and the District of Columbia. The company was founded in 2003 and is headquartered in Dallas, Texas.

Myriad Pharmaceuticals, Inc. (NASDAQ: MYRXV), a biopharmaceutical company, engages in the research and development of therapeutic drug candidates. The company�s activities include identification of drug targets, discovery of molecules, development of drug candidates, and design and execution of clinical programs. It develops four drug candidates that involve in human clinical trials, as well as engages in the research and development of cancer and infectious disease drugs. The company was founded in 1998 and is based in Salt Lake City, Utah. Myriad Pharmaceuticals, Inc. operates as a subsidiary of Myriad Genetics, Inc.

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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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