GGR, FNM, BCON, FRE, ACLS, FNSR. Top Gainers With Lowest Price Friction In Morning Trade Today
June 29, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for June 29, 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. GeoGlobal Resources (AMEX: GGR), Fannie Mae (NYSE: FNM), Beacon Power (NASDAQ: BCON), Freddie Mac (NYSE: FRE), Axcelis Technologies (NASDAQ: ACLS) and Finisar (NASDAQ: FNSR). 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
GGR $0.09 10.71% 138,256 64.66% 22,580 10.56% 115,676 12,853
FNM $0.07 13.24% 6,008,127 63.56% 3,444,204 36.44% 2,563,923 366,275
BCON $0.07 9.28% 207,067 52.64% 186,313 47.36% 20,754 2,965
FRE $0.06 10.38% 2,356,436 55.30% 1,904,394 44.70% 452,042 75,340
ACLS $0.06 15.00% 410,509 59.17% 283,263 40.83% 127,246 21,208
FNSR $0.05 10.42% 473,903 53.54% 411,262 46.46% 62,641 12,528
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 GGR with a dollar gain this morning of +$0.09 and a Friction Factor of 12,853 shares. That means that it only takes 12,853 more shares of buying than selling to move GGR 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.
GeoGlobal Resources Inc. (AMEX: GGR), a development stage company, together with its subsidiaries, focuses on the exploration, development, and production of oil and natural gas reserves in India. The company was founded in 2003 and is headquartered in Calgary, Canada.
Fannie Mae (NYSE: FNM), a government-sponsored enterprise, provides liquidity and stability support in the secondary mortgage market in the United States. It securitizes mortgage loans originated by lenders in the primary mortgage market into mortgage-backed securities, which are bought and sold in the secondary mortgage market. The company operates in three segments: Single-Family Credit Guaranty, Housing and Community Development, and Capital Markets. The Single-Family Credit Guaranty segment securitizes single-family mortgage loans into Fannie Mae mortgage-backed securities (MBS) and facilitates the purchase of single-family mortgage loans for the company�s mortgage portfolio. The Housing and Community Development segment securitizes multifamily mortgage loans into Fannie Mae MBS and facilitates the purchase of multifamily mortgage loans for the company�s mortgage portfolio. This segment also invests in rental and for-sale housing projects. The Capital Markets segment manages the company�s investment activity in mortgage loans, mortgage-related securities, debt financing activity, and liquidity and capital positions. The company�s customers include mortgage banking companies, savings and loan associations, savings banks, commercial banks, credit unions, community banks, insurance companies, and state and local housing finance agencies. Fannie Mae was founded in 1938 and is based in Washington, the District of Columbia.
Beacon Power Corporation (NASDAQ: BCON) designs, develops, and commercializes advanced products and services to support stable and reliable electricity grid operation in North America. The company primarily focuses on commercializing its patented flywheel energy storage technology for storing and transmitting kinetic energy. It provides Smart Energy Matrix, a non-polluting, megawatt-level, and utility-grade flywheel-based energy storage system that provides sustainable frequency regulation services. The company�s energy storage and power conversion solutions provide electric power for the utility, renewable energy, and distributed generation markets. Beacon Power Corporation was founded in 1997 and is headquartered in Tyngsboro, Massachusetts.
Freddie Mac (NYSE: FRE), formally known as the Federal Home Loan Mortgage Corporation, purchases residential mortgages and mortgage-related securities in the secondary mortgage market and securitizes them into mortgage-related securities that can be sold to investors. It operates in three segments: Investments, Single-family Guarantee, and Multifamily. The Investments segment invests primarily in mortgage-related securities and single-family mortgage loans; purchases mortgage loans and mortgage-related securities; and issues short- and long-term debt in the capital markets. The Single-Family Guarantee segment engages in the purchase of single-family mortgages in the primary mortgage market, primarily through its guarantor swap program; securitizes certain mortgages; issues mortgage-related securities that can be sold; and guarantees the payment of principal and interest on single-family mortgage-related securities. The Multifamily segment purchases multifamily mortgages; and guarantees the payment of principal and interest on multifamily mortgage-related securities and mortgages underlying multifamily housing revenue bonds. This segment also holds equity investments in various limited partnerships that sponsor low- and moderate-income multifamily rental apartments. The company primarily serves lenders in the primary mortgage market that originate mortgages for homeowners and apartment owners, including mortgage banking companies, commercial banks, savings banks, community banks, credit unions, state and local housing finance agencies, and savings and loan associations in the United States. Freddie Mac was founded in 1970 and is based in McLean, Virginia.
Axcelis Technologies, Inc. (NASDAQ: ACLS) designs, manufactures, and services ion implantation, dry strip, and other processing equipment used in the fabrication of semiconductor chips in the United States, Europe and Asia. Its products include a line of high energy, high current, and medium current ion implanters for various applications; and a line of single wafer implanters, known as the Optima platform, comprising the Optima HD, the Optima XE, and the Optima MD. The company also offers dry strip tools to remove bulk photoresist from the wafer, as well as the residue left behind after bulk strip; and photostabilization/curing systems and thermal processing systems. In addition, it provides aftermarket services and support, including spare parts, equipment upgrades, maintenance services, and customer training. The company sells its equipment and services through direct sales force, distributors, and manufacturing representatives. Axcelis Technologies was founded in 1995 and is headquartered in Beverly, Massachusetts. Axcelis Technologies Inc. operates independently of Eaton Corp. as of December 29, 2000.
Finisar Corporation (NASDAQ: FNSR) designs, develops, manufactures, and markets optical subsystems, components, and network performance test systems for high-speed data communications in the United States and internationally. The company offers optical subsystems and components that connect local area networks (LAN), storage area networks (SAN), and metropolitan area networks (MAN). Its optical subsystems primarily include transceivers, which provide the fundamental optical-electrical interface for connecting equipment used in building networks; transmitters that convert electrical signals into optical signals for transmission over fiber optics; and receivers, which convert incoming optical signals into electric signals. The company�s optical subsystems also include multiplexers, de-multiplexers, and optical add/drop modules for use in MAN applications. Its line of optical components principally comprises packaged lasers and photo-detectors used in transceivers for LAN and SAN applications; and passive optical components used in building MANs. The company also provides network performance test systems, such as products to test the reliability and performance of equipment for various protocols, including Fibre Channel, Gigabit Ethernet, 10 Gigabit Ethernet, iSCSI, SAS, and SATA. It sells its optical subsystem and component products primarily to manufacturers of storage and networking equipment. The company was founded in 1987 and is headquartered in Sunnyvale, California.
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