LNN, BLL, MGA, SHG, CYOU. Top Gainers With Lowest Price Friction In Morning Trade Today
July 1, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for July 1, 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. Lindsay Corp (NYSE: LNN), Ball Corp (NYSE: BLL), Magna International (NYSE: MGA), Shinhan Financial Group (NYSE: SHG) and Changyou Limited (NASDAQ: CYOU). 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
EDC $4.56 5.64% 85,483 52.76% 72,411 44.69% 13,072 29
LNN $3.60 10.88% 172,250 40.78% 143,920 34.07% 28,330 79
BLL $3.30 7.31% 273,214 42.98% 195,610 30.77% 77,604 235
MGA $3.12 7.39% 186,973 48.40% 118,800 30.76% 68,173 219
SHG $3.03 5.96% 11,878 69.15% 3,600 20.96% 8,278 27
CYOU $2.52 6.57% 193,732 53.03% 168,768 46.19% 24,964 99
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 LNN with a dollar gain this morning of +$3.60 and a Friction Factor of 79 shares. That means that it only takes 79 more shares of buying than selling to move LNN 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.
Lindsay Corporation (NYSE: LNN) manufactures and sells automated agricultural irrigation systems that enhance or stabilize crop production while conserving water, energy, and labor. It operates in two segments, Irrigation and Infrastructure. The Irrigation segment offers center pivot and lateral move irrigation systems, as well as hose reel travelers and mini-pivots. It also produces irrigation controls, chemical injection systems, and remote monitoring and control systems; manufactures repair and replacement parts for its irrigation systems and controls; and markets pivot monitoring and control systems, which include remote telemetry and a Web or personal computer hosted data acquisition and monitoring application. The Infrastructure segment offers Quickchange Moveable Barrier system, which comprises T-shaped concrete barriers that are connected to form a continuous wall, a barrier transfer machine, and the variable length barriers for accommodating curves. This system has applications in highway reconstruction, paving and resurfacing, road widening, median and shoulder construction, and tunnels and bridges repair. Lindsay also provides various equipment lease options for the moveable barrier and transfer machine used in construction applications; and provides outsourced manufacturing and production services, including the production of large diameter steel tubing for other companies. In addition, it offers a line of redirective and non-redirective crash cushions used to enhance highway safety at locations, such as toll booths, freeway off-ramps, medians and roadside barrier ends, bridge supports, utility poles, and other fixed roadway hazards; specialty barrier products; and preformed tape and a line of road safety accessory products. Lindsay sells its products through direct sales force, distributors, and third-party representatives in the United States and internationally. The company was founded in 1954 and is based in Omaha, Nebraska.
Ball Corporation (NYSE: BLL), together with its subsidiaries, supplies metal and plastic packaging to the beverage, food, and household products industries worldwide. It offers aluminum and steel beverage cans for producers of beer, carbonated soft drinks, mineral water, fruit juices, energy drinks, and other beverages. The company also produces two-piece and three-piece steel food containers for packaging vegetables, fruit, soups, meat, seafood, nutritional products, pet food, and other products; aerosol cans, paint cans, and custom and specialty containers; and polyethylene terephthalate and polypropylene plastic containers used primarily in beverage and food packaging, as well as plastic containers for industrial and household product applications. In addition, it develops spacecraft, sensors and instruments, radio frequency systems, and other technologies for the civil, commercial, and national security aerospace markets. Further, the company provides technical services and products to government agencies, prime contractors, and commercial organizations for a range of information warfare, electronic warfare, avionics, intelligence, training, and space systems needs. Ball Corporation was founded in 1880 and is headquartered in Broomfield, Colorado.
Magna International Inc. (NYSE: MGA) operates as a diversified automotive supplier. The company designs, develops, and manufactures automotive systems, assemblies, and modules and components, as well as engineers and assembles vehicles primarily for sale to original equipment manufacturers of cars and light trucks. Its product portfolio includes automotive interior, seating, closure, body and chassis, vision, electronic, exterior, powertrain, and roof systems. The company operates in North America, Europe, Asia, South America, and Africa. Magna International Inc. was formerly known as Magna Electronics Corporation Limited and changed its name to Magna International Inc. in January 1973. Magna International Inc. was founded in 1905 and is based in Aurora, Canada.
Shinhan Financial Group Co., Ltd. (NYSE: SHG), through its subsidiaries, offers various financial products and services to corporations, governments, institutions, and individuals. It accepts demand deposits, time deposits, mutual installment deposits, savings deposits, marketable deposits, and foreign currency deposits, as well as housing subscription time and installment savings deposits; and provides lending products that include mortgage and home-equity loans, and other consumer loans. The company also offers working capital loans, which include discounted notes and trade financing; and facilities loans to finance the purchase of equipment and the establishment of manufacturing won-denominated plants to corporate customers. It provides investment banking services that comprise participation and administration of syndicated loans and project financings; and offers advisory services in the areas of highway, port, power and water, and sewage projects, as well as involves in equity and venture financing, real estate financing, and mergers and acquisitions advice. In addition, it provides leasing and equipment financing, as well as securities brokerage services, which include equity and bond brokerage, and financial planning services to retail customers; and offers brokerage of corporate bonds, futures, and options to institutional customers. Further, the company involves in treasury and securities investment business; trust account management services; credit card services; and asset management and investment trust, and regional banking services. Additionally, it offers life insurance and other insurance-related products and services; and debt collection and credit reporting services. The company operates 1,007 branches in Korea. Shinhan Financial Group operates in South Korea, the United States, the United Kingdom, Japan, China, Germany, India, Hong Kong, Vietnam, and Singapore. The company was founded in 1982 and is headquartered in Seoul, South Korea.
Changyou.com Limited (NASDAQ: CYOU) develops and operates online games in the Peoplea�s Republic of China. It engages in the development, operation, and licensing of massively multi-player online role-playing games (MMORPGs), which are interactive online games that are played simultaneously by various game players. The company operates two MMORPGs, including TLBB, which it developed in-house; and Blade Online (BO), which it licensed from a third party. As of December 31, 2008, it had approximately 1.8 million active paying accounts for TLBB, and approximately 159,000 active paying accounts for BO. Changyou.com has three MMORPGs in the pipeline, which include the Duke of Mount Deer, Immortal Faith, and the Legend of the Ancient World. The company was founded in 2003 and is based in Beijing, the Peoplea�s Republic of China. Changyou.com Limited is a subsidiary of Sohu.com Inc.
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