Stocks & Investing
Stocks and Investing
Stocks and Investing
Tue, July 7, 2009
Mon, July 6, 2009
AXP, CATY, PLCM, FHN, TCB, RX. Top Gainers With Lowest Price Friction In Morning Trade Today
July 6, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for July 6, 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. American Express (NYSE: AXP), Cathay General (NASDAQ: CATY), Polycom (NASDAQ: PLCM), First Horizon National (NYSE: FHN), TCF Financial (NYSE: TCB) and IMS Health (NYSE: RX). 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
AXP $0.55 2.47% 2,018,356 44.61% 1,623,651 35.89% 394,705 7,176
CATY $0.50 5.39% 121,316 51.08% 114,972 48.41% 6,344 127
PLCM $0.49 2.43% 151,022 54.15% 127,684 45.78% 23,338 476
FHN $0.47 4.18% 418,058 44.59% 341,722 36.45% 76,336 1,624
TCB $0.45 3.52% 183,237 42.59% 136,882 31.81% 46,355 1,030
RX $0.37 3.05% 98,169 43.70% 86,947 38.70% 11,222 303
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 AXP with a dollar gain this morning of +$0.55 and a Friction Factor of 7,176 shares. That means that it only takes 7,176 more shares of buying than selling to move AXP 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.
American Express Company (NYSE: AXP), a payments and travel company, provides charge and credit payment card products, and travel-related services worldwide. It operates in two groups, the Global Consumer Group and the Global Business-to-Business Group. The Global Consumer Group offers a range of products and services, including charge and credit card products, consumer travel services, and stored value products, such as Travelers Cheques and prepaid products. The Global Business-to-Business Group provides business travel, corporate cards, and other expense management products and services; network services; and merchant acquisition, and merchant processing, point-of-sale, servicing and settlement, and marketing products and services for merchants. The company also publishes luxury lifestyle magazines. American Express sells its products and services to various customer groups, including consumers, small businesses, middle-market companies, large corporations, and banking and financial institutions through various channels, such as direct mail, Internet, employee and independent third party sales forces, and direct response advertising. American Express was founded in 1850 and is headquartered in New York, New York.
Cathay General Bancorp (NASDAQ: CATY) operates as the holding company for Cathay Bank, which offers various commercial banking products and services for individuals, professionals, and small to medium-sized businesses primarily in California. Its deposit products include passbook accounts, checking accounts, money market deposit accounts, certificates of deposit, individual retirement accounts, college certificates of deposit, and public funds deposits. The companya�s loan portfolio comprises commercial mortgage loans, commercial loans, small business administration loans, residential mortgage loans, real estate construction loans, and home equity lines of credit. It also offers installment loans to individuals for automobile, household, and other consumer expenditures. In addition, the company provides letters of credit, wire transfers, forward currency spot and forward contracts, travelera�s checks, safe deposit, night deposit, social security payment deposit, collection, bank-by-mail, drive-up and walk-up windows, automatic teller machines, Internet banking, and other customary bank services. As of December 31, 2008, Cathay General Bancorp had 21 branches in southern California, 10 branches in northern California, 9 branches in New York, 1 branch in Massachusetts, 2 branches in Texas, 3 branches in Washington, 3 branches in Illinois, 1 branch in New Jersey, and 1 branch in Hong Kong, as well as 2 representative offices in Shanghai and Taipei. The company was founded in 1961 and is headquartered in Los Angeles, California.
Polycom, Inc. (NASDAQ: PLCM) provides communications solutions to enterprise and public sector customers to enable voice, video, and content communications. It operates in three segments: Video Solutions, Voice Communications Solutions, and Services. The Video Solutions segment offers video communications products, including telepresence, room, desktop, and personal video products; and infrastructure products, such as video and voice media servers, network management, security, streaming, and recording solutions for meeting rooms, conference rooms, training rooms, courtrooms, classrooms, offices, boardrooms, auditoriums, and permanent installations. The Voice Communications Solutions segment offers conference phone, wired desktop voice products, and wireless handset voice products. The Services segment offers integration services, including consulting, education, design, and project management; consulting services, such as planning and needs analysis; design services, including room design and custom solutions; and project management, installation, and training services. This segment also offers maintenance services, including telephone support, software upgrades and updates, parts exchange, on-site assistance, and direct access; and professional services solutions, such as assessments, implementation, network consulting, wireless services application integration, and advanced project management services. The company sells its products through a network of channel partners, including distributors, value-added resellers, systems integrators, communications service providers, and retailers primarily in North America, Europe, the Middle East, Africa, Asia, Caribbean, and Latin America. Polycom has strategic relationships with Avaya, Cisco, and Nortel to develop and market voice-over-Internet protocol and video communications solutions. The company was founded in 1990 and is headquartered in Pleasanton, California.
First Horizon National Corporation (NYSE: FHN) operates as a holding company for First Tennessee Bank National Association, which provides various financial services in the United States and internationally. The company principally offers regional banking, capital markets, and mortgage banking services. It provides various general banking services for consumers, businesses, financial institutions, and governments; transaction processing, such as nationwide check clearing services and remittance processing; and trust, fiduciary, and agency services. First Horizon National Corporation also offers credit card products, discount brokerage and full-service brokerage, equipment finance, and investment and financial advisory services, as well as private mortgage reinsurance and services related to health savings accounts. In addition, it engages in mutual fund sales, and retail and commercial insurance sales. Further, the company offers sales, trading, and underwriting of bank-eligible securities and other fixed-income securities; equity sales, trading, and research; loan sales; advisory services; correspondent banking; and structured finance. As of December 31, 2008, First Horizon National Corporation had approximately 200 business locations in 15 the U.S. states, Hong Kong, and Tokyo; and 191 branches in 17 Tennessee counties, 2 branches in Georgia, and 9 branches in Mississippi. The company was founded in 1968 and is headquartered in Memphis, Tennessee.
TCF Financial Corporation (NYSE: TCB) operates as a holding company for TCF National Bank and TCF National Bank Arizona that offer various retail and commercial banking services in the United States and Canada. It offers various deposit instruments including consumer, small business, and commercial demand deposit accounts; interest-bearing checking accounts; money market accounts; regular savings accounts; certificates of deposit; and retirement savings plans. The companya�s loan portfolio comprises consumer loans, commercial real estate loans, commercial business loans, lease and equipment finance, and inventory finance loans. As of December 31, 2008, it had 448 retail banking branches, including 206 branches in Illinois, 111 in Minnesota, 56 in Michigan, 36 in Colorado, 27 in Wisconsin, 7 in Arizona, and 5 in Indiana. The company was founded in 1923 and is based in Wayzata, Minnesota.
IMS Health Incorporated (NYSE: RX) provides business intelligence, including information, analytics, and consulting services to the pharmaceutical and healthcare industries worldwide. The company offers sales territory reporting, prescription tracking reporting, and sales and account management; pharmaceutical audits, medical audits, prescription audits, hospital audits, and published audit reports, as well as analysis of anonymized prescription and/or medical records. It also provides MIDAS, an online multinational integrated data analysis tool to assess and analyze global pharmaceutical information and trends in multiple markets; other portfolio optimization reports; and promotional audits and promotion management consulting, pricing and market access consulting, oncology analyzer and consulting, and forecasting portfolio services. In addition, IMS Health offers products and services, including information to know the effects of managed markets on the pharmaceutical and healthcare industries; information of product movement, market share, and pricing in the consumer health area; and consulting and services, such as evidence-based solutions that allow its clients to make informed business decisions. The company was founded in 1954 and is based in Norwalk, Connecticut.
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WWW.BUYINS.NET is a service designed to help bonafide shareholders of publicly traded US companies fight naked short selling. Naked short selling is the illegal act of short selling a stock when no affirmative determination has been made to locate shares of the stock to hypothecate in connection with the short sale. Buyins.net has built a proprietary database that uses Threshold list feeds from NASDAQ, AMEX and NYSE to generate detailed and useful information to combat the naked short selling problem. For the first time, actual trade by trade data is available to the public that shows the attempted size, actual size, price and average value of short sales in stocks that have been shorted and naked shorted. This information is valuable in determining the precise point at which short sellers go out-of-the-money and start losing on their short and naked short trades.
BUYINS.NET has built a massive database that collects, analyzes and publishes a proprietary SqueezeTrigger for each stock that has been shorted. The SqueezeTrigger database of nearly 2,550,000,000 short sale transactions goes back to January 1, 2005 and calculates the exact price at which the Total Short Interest is short in each stock. This data was never before available prior to January 1, 2005 because the Self Regulatory Organizations (primary exchanges) guarded it aggressively. After the SEC passed Regulation SHO, exchanges were forced to allow data processors like Buyins.net to access the data.
The SqueezeTrigger database collects individual short trade data on over 7,000 NYSE, AMEX and NASDAQ stocks and general short trade data on nearly 8,000 OTCBB and PINKSHEET stocks. Each month the database grows by approximately 50,000,000 short sale transactions and provides investors with the knowledge necessary to time when to buy and sell stocks with outstanding short positions. By tracking the size and price of each montha�s short transactions, BUYINS.NET provides institutions, traders, analysts, journalists and individual investors the exact price point where short sellers start losing money and a short squeeze can begin.
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