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IIF, AKAM, CHK, AKS, STP, CBI. Top Losing Stocks With Negative Price Friction In Morning Trade Today


Published on 2009-07-06 09:17:02, Last Modified on 2010-12-22 14:25:56 - WOPRAI
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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 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. Morgan Stanley India Fund (NYSE: IIF), Akamai Technologies (NASDAQ: AKAM), Chesapeake Energy (NYSE: CHK), AK Steel (NYSE: AKS), Suntech Power (NYSE: STP) and Chicago Bridge and Iron (NYSE: CBI). 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

IIF -$1.24 -6.02% 41,100 38.46% 49,090 45.93% -7,990 -64

AKAM -$1.23 -6.33% 682,824 42.48% 904,144 56.25% -221,320 -1,799

CHK -$1.17 -6.27% 1,977,088 36.23% 2,390,446 43.80% -413,358 -3,533

AKS -$1.16 -6.37% 694,984 38.11% 787,890 43.20% -92,906 -801

STP -$1.14 -6.21% 502,572 30.50% 865,195 52.50% -362,623 -3,181

CBI -$1.08 -9.08% 218,805 37.09% 232,315 39.38% -13,510 -125

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 AKAM with a dollar loss this morning of -$1.23 and a Friction Factor of -1,799 shares. That means that it only takes 1,799 more shares of selling than buying to move AKAM 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.

Morgan Stanley India Investment Fund, Inc. (NYSE: IIF) operates as a nondiversified, closed-end management investment company. It invests primarily in common stocks and short-term investments. The funda�s investment portfolio comprises investments in airlines, auto components, automobiles, chemicals, commercial banks, construction and engineering, construction materials, financials, diversified telecommunication services, electric utilities, electrical equipment, gas utilities, hotels, restaurants and leisure, household products, industrial conglomerates, internet software and services, IT services, media, metals and mining, oil and gas, paper and forest products, personal products, pharmaceuticals, road and rail, software, textiles, apparel and luxury goods, thrifts and mortgage finance, and tobacco industries. Morgan Stanley Investment Management, Inc. serves as the investment advisor of the fund. Morgan Stanley India Investment Fund was incorporated in 1993 and is New York, New York.

Akamai Technologies, Inc. (NASDAQ: AKAM) provides services for accelerating and improving the delivery of content and applications over the Internet. The companya�s Application Performance solutions improve the performance of dynamic applications used by enterprises to connect with their employees, suppliers, and customers. Its Application Performance solutions include Web Application Accelerator, which is used by enterprise customers to run various applications; and IP Application Accelerator that is designed to address core Internet weaknesses to optimize the performance and real-time sensitivity associated with IP-enabled applications delivered over Internet-related protocols. The companya�s Digital Asset Solutions are designed to enable enterprises to execute their large file management and distribution strategies. Its solutions include Akamai Media Delivery solution that delivers media content on behalf of its customers; Electronic Software Delivery solution, which handles the distribution of software for its customers; and Akamai Stream OS, a Web-based suite of configurable tools that enables publishing of media to the Web. The companya�s Dynamic Site solutions accelerate business-to-consumer Web sites that integrate collaborative content and applications into their online architecture. Its also offers other solutions, which comprise EdgeControl tools that provide reporting and management capabilities; network data feeds and Website analytics, which provide customers with real time data about the performance of their content and applications over the Internet; and performance management services that help customers better understand their Web operations with tools that measure various aspects of an applicationa�s performance. In addition, Akamai offers custom solutions to commercial and government customers. It has a strategic agreement with KIT digital, Inc. The company was founded in 1998 and is headquartered in Cambridge, Massachusetts.

Chesapeake Energy Corporation (NYSE: CHK), an oil and natural gas exploration and production company, engages in the acquisition, exploration, and development of properties for the production of crude oil and natural gas from underground reservoirs. It also provides marketing and midstream services for natural gas and oil for other working interest owners in properties it operate. The companya�s properties are located in Oklahoma, Texas, Alabama, Arkansas, Louisiana, Kansas, Montana, Colorado, North Dakota, Nebraska, New Mexico, West Virginia, Kentucky, Ohio, New York, Maryland, Michigan, Mississippi, Pennsylvania, Tennessee, Utah, Virginia, and Wyoming. As of December 31, 2008, it owned interests in approximately 41,200 producing natural gas and oil wells; and had 12.051 trillion cubic feet equivalent of proved reserves. The company was founded in 1989 and is based in Oklahoma City, Oklahoma.

AK Steel Holding Corporation (NYSE: AKS), through its subsidiaries, produces flat-rolled carbon, stainless, and electrical steels, and tubular products primarily in the United States and internationally. It manufactures flat-rolled carbon steels, including coated, cold-rolled, and hot-rolled products; and specialty stainless and electrical steels that are sold in slab, hot band, and sheet and strip forms. The company also involves in finishing flat-rolled carbon and stainless steel into welded steel tubing, which is used in the automotive, large truck, and construction markets; and trades in steel and steel products in Europe. It sells flat-rolled carbon steel products primarily to automotive manufacturers; and to customers in the infrastructure and manufacturing markets consisting of manufacturers of appliances, electrical transmission, heating, ventilation, and air conditioning. The company also sells its coated, cold rolled, and hot rolled carbon steel products to distributors, service centers, and converters. AK Steel Holding sells its stainless steel products primarily to manufacturers and their suppliers in the automotive industry; manufacturers of food handling, chemical processing, pollution control, and medical and health equipment; and distributors and service centers; and electrical steels to manufacturers of power transmission and distribution transformers, and electrical motors and generators. The company was founded in 1993 and is headquartered in West Chester, Ohio.

Suntech Power Holdings Co., Ltd. (NYSE: STP), a solar energy company, engages in the design, development, manufacture, and marketing of photovoltaic (PV) products worldwide. Its products include monocrystalline and multicrystalline silicon PV cells; PV modules; and building-integrated photovoltaics products. The company also provides PV system integration services, including designing, installing, and testing PV systems used in lighting for outdoor urban public facilities, as well as in farms, villages, and commercial buildings; and project development services. Its products are used to provide electric power for residential, commercial, industrial, and public utility applications. The company sells its products primarily through value-added resellers, such as distributors and system integrators; and to end users, including project developers. Suntech Power Holdings Co., Ltd. is headquartered in Wuxi, the Peoplea�s Republic of China.

Chicago Bridge & Iron Company N.V. (NYSE: CBI), together with its subsidiaries, operates as an engineering, procurement, and construction company. It provides liquefaction and regasification facilities consisting of terminals, tanks, and associated systems, as well as liquefied natural gas (LNG) tanks on a stand-alone basis to the LNG sector. The company also serves energy processes sector specializing in offshore structures, refinery process units, petrochemical process units, gas processing facilities, power plants, pipelines, hydrogen/synthesis gas plants, and sulfur removal and recovery. In addition, Chicago Bridge provides steel structures comprising above ground storage tanks, elevated storage tanks, pressure vessels, and other specialty structures, such as processing facilities and nuclear containment vessels for the steel plate structures market sector. Further, it offers licensed technology for customers in the petrochemical, refining, and gas processing industries, as well as heat transfer equipment and performance catalysts. Chicago Bridge has operations in North America, Europe, Africa, the Middle East, the Asia Pacific, and Central and South America. The company was founded in 1889 and is based in The Hague, the Netherlands.

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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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