COCO, ERTS, MW, HRBN, CHIC, MED. Top Gainers With Lowest 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 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. Corinthian Colleges (NASDAQ: COCO), Electronic Arts (NASDAQ: ERTS), Mens Wearhouse (NYSE: MW), Harbin Electric (NASDAQ: HRBN), Charlotte Russe (NASDAQ: CHIC) and Medifast (NYSE: MED). 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
COCO $0.79 4.87% 154,858 55.22% 125,063 44.60% 29,795 377
ERTS $0.78 3.72% 1,101,912 51.56% 1,009,467 47.24% 92,445 1,185
MW $0.69 3.64% 110,937 43.01% 77,246 29.95% 33,691 488
HRBN $0.56 3.48% 31,876 57.62% 21,375 38.64% 10,501 188
CHIC $0.51 4.01% 26,551 59.69% 16,534 37.17% 10,017 196
MED $0.49 4.45% 98,206 45.81% 91,124 42.51% 7,082 145
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 COCO with a dollar gain this morning of +$0.79 and a Friction Factor of 377 shares. That means that it only takes 377 more shares of buying than selling to move COCO 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.
Corinthian Colleges, Inc. (NASDAQ: COCO) operates as a post-secondary education company in the United States and Canada. The company offers a range of diploma programs and associatea�s, bachelora�s, and mastera�s degrees. Its diploma curricula include medical assisting, medical insurance billing and coding, massage therapy, dental assisting, pharmacy technician, medical administrative assisting, automotive and diesel technology, HVAC, surgical technology, plumbing, electrical, nursing, aircraft frame and power plant maintenance technology, electronics, and computer technology programs. The companya�s degree curriculum comprises business administration, criminal justice, medical assisting, accounting, paralegal, marketing, computer information technology, legal assisting, hospitality management, court reporting, film, and video programs. It also offers mastera�s degrees in business administration and criminal justice through its Florida Metropolitan University colleges. In addition, the company provides its students with lecture halls, instructional labs, libraries, Internet access, and other facilities, as well as offers online learning to its students. As of June 30, 2008, it operated 89 colleges in 24 states, and 17 colleges in Ontario, Canada under the Everest and WyoTech names. The company was founded in 1995 and is based in Santa Ana, California.
Electronic Arts Inc. (NASDAQ: ERTS) develops, markets, publishes, and distributes video game software and content. Its software and content are playable on various consumer platforms, such as video game consoles, personal computers, handheld game players, and wireless devices, such as cellular and smart phones. The company develops and markets a portfolio of games under the EA brand in categories, such as action-adventure, role playing, racing, and combat games; and massively-multiplayer online role-playing games under the EA Games label. It also provides a collection of sports-based video games, such as simulated sports based on real-world sports leagues, players, events, and venues, as well as casual games with arcade-style gameplay and graphics under EA SPORT label. In addition, the company creates games under EA Play label for core and non-core gamers of various ages, which include life simulation games, The Sims and MySims; and games published under licenses, such as Harry Potter under license from Warner Bros.; and video games based on Hasbro board games and toys. Further, it offers casual games, such as card games, puzzle games, and word games through its Pogo online service, as well as provides Internet-based advertising and digital content; and games and other content for wireless devices through wireless carriers. The company provides its products through mass market retailers, electronics specialty stores, game software specialty stores, online stores, and mail-order, as well as distributors. It has operations in North America, Europe, Australia, Asia, and Latin America. Electronic Arts Inc. was founded in 1982 and is headquartered in Redwood City, California.
The Mens Wearhouse, Inc. (NYSE: MW) operates as a specialty retailer of mena�s suits in the United States and Canada. As of January 31, 2009, it operated 805 retail apparel stores, which include 688 stores in the United States and 117 stores in Canada; and 489 tuxedo rental stores in the United States. The company operates its retail apparel stores under the Mena�s Wearhouse and K&G brand names in 46 states in the U.S. and the District of Columbia. The Mena�s Wearhouse operates its stores in Canada under the brand name Moores Clothing for Men. Its Mena�s Wearhouse and Moores Clothing for Men apparel stores offer designer, brand name, and private label merchandise, including suits, sport coats, slacks, formal wear, business casual, sportswear, outerwear, dress shirts, shoes, and accessories. The companya�s K&G stores offer ladiesa� career apparel, including tailored clothing, casual sportswear, dress furnishings, footwear, and accessories. It also operates tuxedo rental stores under the brand name Mena�s Wearhouse and Tux in 39 states, which offer a selection of tuxedo rental products and retail merchandise. In addition, the company operated a corporate apparel and uniform program and 33 retail dry cleaning and laundry facilities. The Mena�s Wearhouse, Inc. was founded in 1974 and is based in Houston, Texas.
Harbin Electric, Inc. (NASDAQ: HRBN), through its subsidiaries, engages in the design, development, manufacture, supply, and service of various electric motors in China and internationally. The company offers linear motors (LM), automobile specialty micro-motors, and industrial rotary motors. Its LM product line includes flat linear asynchronous motor series and flat three-phase linear asynchronous motors used in transmission systems, such as the production transportation line, crane, postal service sorting machine, baggage sorting machine, printed matter sorting machine, automatic linear door, and revolving door applications; and integrated linear motor systems used in oil services, factory automation, packaging, logistic systems, and food industry. The companya�s automobile specialty micro-motors product portfolio comprises car seat automation, back seat folding, electric power steering, automated window, and automated trunk opening used for various automation functions in automobiles. Its industrial rotary motors product line includes high/low voltage motors, AC/DC motors, and speed control motors used in various applications, such as petrochemical industry, metallurgical and mining industry, textile industry, agricultural machinery, transportation machinery, machine tools, medical devices, ventilation equipment, air compressor, and electric pumps. The company is headquartered in Harbin, China.
Charlotte Russe Holding, Inc. (NASDAQ: CHIC) operates as a mall-based specialty retailer of apparel and accessories targeting young women in their teens and twenties. Its products also include footwear and jewelry. As of September 27, 2008, it operated 487 Charlotte Russe retail stores in 45 states and Puerto Rico. The company was founded in 1975 and is based in San Diego, California.
Medifast, Inc. (NYSE: MED), through its subsidiaries, engages in the production, distribution, and sale of weight management and disease management products, and other consumable health and diet products in the United States. The companya�s product lines include weight and disease management, meal replacement, and vitamins. It also operates weight control centers that offer supervised model and an advertised brand, which encourages walk-ins and referrals from other Medifast business channels; and customized patient counseling programs, and the Inbody composition analysis. The company markets its products under Medifast brand, which include shakes, womena�s health shakes, creamy soups, chicken noodle soups, beef vegetable stew, oatmeal, pudding, scrambled eggs, hot cocoa, cappuccino, chai latte, iced teas, fruit drinks, soy crisps, and crackers. It sells its products through various channels of distribution, including Web, call center, independent health advisors, medical professionals, weight loss clinics, and direct consumer marketing supported via the phone and the Web; Take Shape for Life, a physician led network of independent health coaches; and weight control centers. Medifast, Inc. was founded in 1980 and is headquartered in Owings Mills, Maryland.
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