ISRL, CHBT, ZN, FISI, RMTI, HMPR. Abnormal Price Friction In Morning Trading Session 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 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. Isramco (NASDAQ: ISRL), China-Biotics (NASDAQ: CHBT), Zion Oil and Gas (NYSE: ZN), Financial Institutions (NASDAQ: FISI), Rockwell Medical Technologies (NASDAQ: RMTI) and Hampton Roads Bankshares (NASDAQ: HMPR). 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
ISRL -$13.46 -10.78% 4,723 45.11% 4,520 43.17% 203 abnormal
CHBT -$3.45 -21.10% 23,175 50.65% 22,580 49.35% 595 abnormal
ZN -$1.57 -11.80% 74,513 36.18% 60,040 29.15% 14,473 abnormal
FISI -$1.43 -9.60% 4,708 52.64% 4,235 47.36% 473 abnormal
RMTI -$1.39 -15.81% 24,314 53.36% 21,151 46.42% 3,163 abnormal
HMPR -$1.00 -10.10% 45,784 66.27% 23,304 33.73% 22,480 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 Monday, June 29th, 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 ISRL with 203 greater shares of buying than selling (NetVol) and the stock price is down -$13.46. 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.
Isramco, Inc. (NASDAQ: ISRL), together with its subsidiaries, engages primarily in the acquisition, development, production, and exploration of oil and natural gas properties primarily in the United States. The company owns various working interests in oil and gas wells in Louisiana, Texas, New Mexico, Oklahoma, Wyoming, Utah, and Colorado, as well as serves as a operator of approximately 620 wells located in Texas and New Mexico. As of December 31, 2008, its estimated total proved oil, natural gas reserves, and natural gas liquids were approximately 8,213 thousand barrels of oil equivalent, which include 2,679 thousand barrels of oil; and 25,696 million cubic feet of natural gas and 1,252 thousand barrels natural gas liquids. The company was founded in 1982 and is based in Houston, Texas.
China-Biotics, Inc. (NASDAQ: CHBT) engages in the research, development, production, marketing, and distribution of probiotics products in the People�s Republic of China. The company�s products contain live microbial food supplements, which affect the host by improving its intestinal microbial balance. Its flagship product is Shining Essence for balancing the microecology of the digestive system, enhancing intestinal health, and protecting and strengthening liver function. The company�s products also include Shining Signal that is focused on reducing high blood pressure, high blood sugar level, and hyperlipidemia; Shining Golden Shield for enhancing the body�s immune system; and Shining Energy aiming at promoting the development of brain cells and enhancing alertness and energy. In addition, China-Biotics offers Shining Beauty Essence focused on increasing bone mineral density of elderly people and reducing negative health effects associated with the aging process; Shining Companion Bifidus Factor Granule aimed at enhancing the growth of bifidus in the human body and enhancing intestinal health; Shining Stomach Protection Capsules focused on protecting stomach walls and enhancing the digestive system; Shining Sicanel Capsules aimed at reducing hyperlipidemia, or excess levels of fats in the blood; and Shining Golden Shield focused on enhancing the body�s immune system. The company distributes its products under the Shining� brand through networks to supermarkets, hypermarkets, and drug stores. As of March 31, 2008, it had 60 Shining branded stores in Shanghai and other cities in China. The company was founded in 1999 and is based in Pudong, the People�s Republic of China.
Zion Oil & Gas, Inc. (NYSE: ZN) operates as a development stage oil and gas exploration company. It holds two exploration licenses covering approximately 162,100 acres onshore in the State of Israel between Netanya in the south and Haifa in the north. The company was founded in 2000 and is based in Dallas, Texas.
Financial Institutions, Inc. (NASDAQ: FISI) operates as the holding company for Five Star Bank that provides consumer and commercial banking, and financial services to individuals, municipalities, and businesses in central and western New York. Its deposit accounts consist of noninterest-bearing demand, interest-bearing demand, individual retirement, club, savings, money market, and other qualified plan accounts, as well as certificates of deposit. The company�s portfolio of loans comprise commercial loans, commercial real estate loans, one-to-four family residential mortgages, recreational vehicle loans, boat loans, home improvement loans, closed-end home equity loans, home equity lines of credit, collateralized and uncollateralized personal loans, commercial and agricultural working capital and revolving lines of credit, equipment loans, crop and livestock loans, agricultural mortgages, consumer automobile loans, and deposit account collateralized loans. As of May 21, 2009, it operated through a network of approximately 50 offices and 70 ATMs in 14 contiguous counties of western and central New York State. The company, through its other subsidiary, Five Star Investment Services, Inc., provides brokerage, and insurance products and services in the same markets. Financial Institutions, Inc. was founded in 1931 and is based in Warsaw, New York.
Rockwell Medical Technologies, Inc. (NASDAQ: RMTI) engages in the manufacture, sale, and distribution of hemodialysis concentrate solutions and dialysis kits primarily to hemodialysis providers in the United States, Latin America, Asia, and Europe. Its products are used to cleanse patient�s blood and replace nutrients lost during the kidney dialysis process. The company offers hemodialysis concentrates, which include Renal Pure Liquid Acid Concentrate consisting of sodium chloride, dextrose, and electrolyte additives, such as magnesium, potassium, and calcium; Dri-Sate Dry Acid Concentrate product line that allows a clinic to mix its acid concentrate onsite; RenalPure Powder Bicarbonate Concentrate comprising 9 different bicarbonate powder products; and SteriLyte Liquid Bicarbonate Concentrate, which is used in acute care and chronic care settings. It also provides a range of ancillary products, including blood tubing, fistula needles, specialized custom kits, dressings, cleaning agents, filtration salts, and other supplies used by hemodialysis providers. In addition, the company manufactures and sells iron supplemented dialysate, which is used for the treatment of dialysis patients with iron deficiency that is pervasive in the dialysis patient population. Rockwell Medical markets its products through direct salespeople, independent sales representation companies and agents, and distributors. The company was founded in 1995 and is based in Wixom, Michigan.
Hampton Roads Bankshares, Inc. (NASDAQ: HMPR) operates as the holding company for Bank of Hampton Roads, Shore Bank, and Gateway Bank & Trust Co. that provide community and commercial banking services primarily to individuals and small to medium sized businesses. It offers a range of interest-bearing and non-interest-bearing deposit accounts, including commercial and retail checking accounts, money market accounts, individual retirement accounts, regular interest-bearing savings accounts, certificates of deposit, and IRA accounts. The company�s loan portfolio comprises commercial loans, construction loans, real estate-commercial mortgage loans, real estate-residential mortgage loans, and installment loans to individuals, as well as loans to businesses for working capital, plant expansion, and equipment purchases. It also offers telephone banking, Internet banking, remote deposit capture, automatic teller machine (ATM), and debit card services. In addition, the company provides other banking-related products and services, such as travelers� checks, coin counters, wire services, and safe deposit box services. Further, it offers securities, brokerage, and investment advisory services; wealth management products and services, including stocks, bonds, annuities, mutual funds, and financial consultation; title insurance to its real estate loan customers; and insurance products to businesses and individuals. As of May 13, 2009, Bank of Hampton Roads operated 18 banking offices in the Hampton Roads region of southeastern Virginia; Shore Bank served the Eastern Shore of Maryland and Virginia through 8 banking offices and 22 ATMS; and Gateway Bank & Trust Co. had 37 banking offices in Virginia and North Carolina. The company was founded in 1961 and is based in Norfolk, Virginia.
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