PRM, PRST, FTWR, PLUG, LAVA, ICOG. 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. Primedia (NYSE: PRM), Presstek (NASDAQ: PRST), FiberTower (NASDAQ: FTWR), Plug Power (NASDAQ: PLUG), Magma Design Automation (NASDAQ: LAVA) and ICO Global Communications (NASDAQ: ICOG). 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
PRM $0.18 10.00% 38,400 65.99% 16,491 28.34% 21,909 1,217
PRST $0.17 15.45% 91,250 68.94% 41,112 31.06% 50,138 2,949
FTWR $0.12 35.29% 321,255 55.55% 220,211 38.08% 101,044 8,420
PLUG $0.12 16.01% 186,893 66.09% 95,883 33.91% 91,010 7,584
LAVA $0.12 9.38% 83,664 76.14% 26,213 23.86% 57,451 4,788
ICOG $0.12 26.91% 130,361 57.62% 95,897 42.38% 34,464 2,872
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 PRM with a dollar gain this morning of +$0.18 and a Friction Factor of 1,217 shares. That means that it only takes 1,217 more shares of buying than selling to move PRM 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.
PRIMEDIA Inc. (NYSE: PRM), together with its subsidiaries, publishes and distributes advertising-supported print and online consumer guides primarily for the apartment and other rental property sectors in the residential real estate industry in the United States. The company markets its products through its proprietary distribution network, which also provides distribution services to third-party publications, in approximately 51,000 locations. Its digital assets include Websites associated with print publications and Internet-only offerings, including ApartmentGuide.com, Rentals.com, RentalHouses.com, NewHomeGuide.com, and AmericanHomeGuide.com. The company was formerly known as K-III Communications Corporation and changed its name to PRIMEDIA Inc. in 1997. PRIMEDIA Inc. was founded in 1989 and is headquartered in Norcross, Georgia.
Presstek, Inc. (NASDAQ: PRST), together with its subsidiaries, engages in the design, manufacture, sale, and service of digital imaging solutions to the graphic arts industry worldwide. The company�s product line includes Digital Imaging (DI) digital offset presses, chemistry-free computer-to-plate (CPT) systems, workflow solutions, thermal printing plates, and a line of prepress and press room consumables. Its DI product line includes DI Presses, such as Presstek 52DI Press and Presstek 34DI Press; DI Plates comprising ProFire Digital Media designed to work as a system with the laser imaging and press components, PearlDry Plus designed to work in conjunction with previous generation DI presses, and PearlDry used for direct-to-press applications. The company�s CPT product line consists of compass series, Dimension Pro800, Dimension Excel, Vector FL52, and Digital PlateMaster series of platesetters. Its workflow products include Latitude, an automated prepress workflow solution; Momentum RIP designed to drive the company�s CTP and DI systems; Momentum Pro Integrated, an integrated workflow and RIP; and PathWay, a Web-to-print business solution. Presstek, Inc. sells its products through direct sales force, independent graphic arts dealers, and strategic OEM partnerships. The company was founded in 1987 and is based in Greenwich, Connecticut.
FiberTower Corporation (NASDAQ: FTWR) provides facilities-based backhaul services in the United States. Backhaul is the transport of voice, video, and data traffic from a wireless carrier's mobile base station to their mobile switching center, where the traffic is then switched onto a wireline telecommunications network. The company serves national and regional wireless operators and service providers. As of December 31, 2008, it deployed 3,120 sites, including 2,763 deployed and billing sites. The company is headquartered in San Francisco, California.
Plug Power Inc. (NASDAQ: PLUG), a development stage company, engages in the design, development, and manufacture of fuel cell systems for industrial-motive and stationary power markets worldwide. It focuses on proton exchange membrane (PEM), fuel cell, and fuel processing technologies, as well as on fuel cell/battery hybrid technologies. The company offers GenDrive, a hydrogen fueled PEM fuel cell system to provide power to industrial vehicles; and GenSys, a natural gas or liquid petroleum gas fueled continuous power system, as well as a high-temperature polybenzimidazole combined heat and power fuel cell system for light commercial and residential applications. It also provides manufacturing and sales support to its GenCore product, which is a hydrogen fueled PEM fuel cell system to provide back-up power to businesses and governments in critical infrastructure, as well as develops technology in support of the automotive fuel cell market. The company sells its products through its direct sales force, as well as original equipment manufacturers and their dealer networks to business, industrial, and government customers. Plug Power Inc. was founded in 1997 and is based in Latham, New York.
Magma Design Automation, Inc. (NASDAQ: LAVA) provides electronic design automation software products and related services. The company�s products comprise a digital integrated solution for the chip development cycle, from initial design through physical implementation. Its software enables chip designers to reduce the time it takes to design and produce integrated circuits used in the communications, computing, consumer electronics, networking, and semiconductor industries. Magma Design Automation�s Blast and Talus family of products, and Quartz family of sign-off and verification tools combine into one integrated chip design and verification flow, from what traditionally had been separate logic design, physical design, and analysis and sign-off processes. The company�s Titan platform for custom integrated chip design provides an integrated chip-finishing solution for mixed-signal designs. It also provides consulting and training services to its customers, as well as post-contract support or maintenance service for its products. Magma Design Automation licenses its software products to semiconductor manufacturers and electronic products companies worldwide. The company was founded in 1977 and is headquartered in San Jose, California.
ICO Global Communications (Holdings) Limited (NASDAQ: ICOG), a development stage company, develops mobile satellite services (MSS) using geosynchronous earth orbit satellite in North America. The company is authorized by the U.S. Federal Communications Commission to offer MSS in the United States using a geosynchronous earth orbit satellite that it launched into orbit; and to integrate an ancillary terrestrial component (ATC) into its MSS system in order to provide integrated satellite and terrestrial services. ICO Global Communications also coordinated the spectrum to enable the operation of a medium earth orbit satellite system. Its MSS/ATC System is being designed to be capable of supporting mass-market service offerings to urban and rural customers in North America, including wireless voice, video, data, Internet, and vehicle tracking. ICO Global Communications was founded in 1995 and is headquartered in Reston, Virginia. On May 15, 2009, ICO Global Communications (Holdings) Ltd filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the Southern District of New York, Manhattan. It is in joint administration with ICO North America, Inc.
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