ALY, UAUA, AOI, MTG, AIG, SVM. Top Losing Stocks With Negative Price Friction In Morning Trade Today
June 30, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for June 30, 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 afair market makinga requirement is designed to prevent market makers from manipulating stock prices. Here is a list of the top companies with the largest losses this morning and negative price friction (bearish). This means that there was more selling than buying in the stocks and their stock prices dropped faster with less Friction. Allis-Chalmers Energy (NYSE: ALY), UAL Corp (NASDAQ: UAUA), Alliance One International (NYSE: AOI), MGIC Investment (NYSE: MTG), American International Group (NYSE: AIG) and Silvercorp Metals (AMEX: SVM). 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
ALY -$0.26 -9.56% 89,120 40.25% 114,918 51.90% -25,798 -992
UAUA -$0.25 -7.20% 1,129,350 37.92% 1,848,543 62.08% -719,193 -28,768
AOI -$0.23 -5.49% 141,795 8.98% 1,658,218 105.05% -1,516,423 -65,931
MTG -$0.22 -4.94% 123,474 41.60% 144,236 48.60% -20,762 -944
AIG -$0.21 -15.79% 50,652,586 43.88% 60,576,535 52.47% -9,923,949 -472,569
SVM -$0.19 -5.03% 65,922 37.88% 88,515 50.87% -22,593 -1,189
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 losses (Change) and extremely 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 ALY with a dollar loss this morning of -$0.26 and a Friction Factor of -992 shares. That means that it only takes 992 more shares of selling than buying to move ALY lower by one penny. This means the Market Makers are allowing the stock to drop quickly (low friction). The combination of low friction and negative market direction can drive prices lower faster than normal.
Allis-Chalmers Energy Inc. (NYSE: ALY) provides services and equipment to the oil and natural gas exploration and production companies in Texas, Louisiana, Oklahoma, New Mexico, Colorado, Pennsylvania, and Arkansas; offshore in the Gulf of Mexico; and Argentina, Brazil, and Mexico. The company offers well planning and engineering services, directional drilling packages, downhole motor technology, well site directional supervision, exploratory and development re-entry drilling, downhole guidance services, and other drilling services to its customers, including measurement-while-drilling services. It provides compressed air equipment, chemicals, and other specialized products for underbalanced drilling and production applications. The company also offers specialized equipment and trained operators to perform various pipe handling services, including installing casing and tubing, changing out drill pipe, and retrieving production tubing for onshore and offshore drilling and workover operations. In addition, it provides a range of quality production-related rental tools and equipment and services, including wire line services, land and offshore pumping services, and coiled tubing. The company also offers provide drilling, completion, workover, and related services for oil and natural gas wells, as well as various other oilfield services, such as drilling fluids and completion fluids, and engineering and logistics. In addition, it provides specialized oilfield rental equipment, including premium drill pipe, spiral heavy weight drill pipe, tubing work strings, blow out preventors, choke manifolds, and various valves and handling tools for onshore and offshore well drilling, completion, and workover operations. The company was founded in 1913 and is based in Houston, Texas.
UAL Corporation (NASDAQ: UAUA), through its subsidiaries, offers air transportation services. The company, through its subsidiary, United Air Lines, Inc., provides transportation of persons, property, and mail in the United States and internationally. It provides its services through jet aircrafts, as well as smaller aircrafts in its regional operations. As of December 31, 2008, UAL Corporation operated 3,000 flights to approximately 200 destinations from its hubs in Los Angeles, San Francisco, Denver, Chicago, and Washington, D.C. It also served approximately 900 destinations in 160 countries worldwide through its alliance with Star Alliance carriers. The company was founded in 1934 and is based in Chicago, Illinois.
Alliance One International, Inc. (NYSE: AOI) engages in purchasing, processing, storing, and selling leaf tobacco to cigarette manufacturers and other consumer tobacco products in the United States, South America, Europe, and Asia. It offers flue-cured, burley, and oriental tobaccos. The company also provides processing and related services to manufacturers of tobacco products. Alliance One International, Inc. was founded in 1904 and is headquartered in Morrisville, North Carolina.
MGIC Investment Corporation (NYSE: MTG), through its subsidiary, Mortgage Guaranty Insurance Corporation, provides private mortgage insurance to the home mortgage lending industry in the United States. It provides primary insurance coverage that provides mortgage default protection on individual loans and covers unpaid loan principal, delinquent interest, and various expenses associated with the default and subsequent foreclosure. The companya�s primary insurance is written on first mortgage loans secured by owner occupied single-family homes, first liens secured by non-owner occupied single-family homes, and on vacation or second homes. MGIC Investmenta�s principal product, primary mortgage insurance is written through the flow market channel, in which loans are insured in individual and loan-by-loan transactions, as well as through the bulk market channel, in which portfolios of loans are individually insured in single, bulk transactions. It also provides various mortgage services for the mortgage finance industry, such as contract underwriting, portfolio retention, and secondary marketing of mortgage-related assets. In addition, the company provides Internet portal that enables mortgage originators to access products and services of wholesalers, investors, and vendors necessary to make a home mortgage loan, as well as provides Website hosting, design, and marketing solutions for mortgage originators and real estate agents. It serves originators of residential mortgage loans, such as savings institutions, commercial banks, mortgage brokers, credit unions, mortgage bankers, and various other lenders. The company was founded in 1984 and is headquartered in Milwaukee, Wisconsin.
American International Group, Inc. (NYSE: AIG), through its subsidiaries, provides insurance and financial services in the United States and internationally. It operates in four segments: General Insurance, Life Insurance and Retirement Services, Financial Services, and Asset Management. The General Insurance segment underwrites various business insurance products, including large commercial or industrial property insurance, excess liability, inland marine, environmental, workersa� compensation, and excess and umbrella coverages. It also offers various specialized forms of insurance, such as aviation, accident and health, equipment breakdown, directors and officers liability, difference-in-conditions, kidnap-ransom, export credit and political risk, and professional errors and omissions coverages. In addition, this segment provides property and casualty reinsurance products to insurers; automobile insurance products; residential mortgage guaranty insurance products; and commercial and consumer lines of insurance products. The Life Insurance and Retirement Services segment offers individual and group life, payout annuities, endowment, and accident and health policies, as well as retirement savings products consisting of fixed and variable annuities. The Financial Services segment provides commercial aircraft and equipment leasing, capital market operations, consumer finance, and insurance premium financing. The Asset Management segment offers investment-related services and investment products to individuals, pension funds, and institutions. The company was founded in 1967 and is based in New York, New York.
Silvercorp Metals Inc. (AMEX: SVM), together with its subsidiaries, engages in the acquisition, exploration, development, and mining of silver, gold, lead, and zinc related mineral properties in the Peoplea�s Republic of China. It operates four silver-lead-zinc mines in Ying Mining Camp, Henan Province; and GC&SMT property in Guangdong Province. Silvercorp Metals Inc. is headquartered in Vancouver, Canada.
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