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TIE, CSIQ, WYN, TEN, TTWO, PGH. Top Losing Stocks With Negative Price Friction In Morning Trade Today


Published on 2009-07-06 09:38:13, Last Modified on 2010-12-22 14:26:01 - 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. Titanium Metals (NYSE: TIE), Canadian Solar (NASDAQ: CSIQ), Wyndham Worldwide (NYSE: WYN), Tenneco (NYSE: TEN), Take Two Interactive (NASDAQ: TTWO) and Pengrowth Energy Trust (NYSE: PGH). 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

TIE -$0.79 -8.93% 303,562 31.60% 520,461 54.18% -216,899 -2,746

CSIQ -$0.78 -6.49% 149,870 42.92% 198,791 56.93% -48,921 -627

WYN -$0.72 -6.16% 255,012 37.66% 267,573 39.52% -12,561 -174

TEN -$0.71 -7.06% 110,423 40.57% 122,355 44.95% -11,932 -168

TTWO -$0.68 -6.91% 173,126 38.07% 270,395 59.46% -97,269 -1,430

PGH -$0.62 -7.75% 195,809 32.54% 340,963 56.67% -145,154 -2,341

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 TIE with a dollar loss this morning of -$0.79 and a Friction Factor of -2,746 shares. That means that it only takes 2,746 more shares of selling than buying to move TIE 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.

Titanium Metals Corporation (NYSE: TIE) engages in the production and sale of titanium melted and mill products. It offers titanium sponge, which is the basic form of titanium metal used in titanium products; and melted products, such as ingots, electrodes, and slabs, which are the result of melting titanium sponge and titanium scrap; mill products that are forged and rolled from ingot or slab products, including billets, bars, plates, sheets and strips, and pipes; and fabrications, which include spools, pipe fittings, manifolds, and vessels that are cut, formed, welded, and assembled from titanium mill products. The company sells its products through its sales force in the United States and Europe, as well as through independent agents and distributors internationally. It serves commercial aerospace and military, chemical process, oil and gas, consumer, sporting goods, healthcare, automotive, and power generation sectors. Titanium Metals Corporation was founded in 1950 and is headquartered in Dallas, Texas.

Canadian Solar Inc. (NASDAQ: CSIQ), together with its subsidiaries, engages in the design, development, manufacture, and marketing of solar cell and solar module products that convert sunlight into electricity for various uses in Canada and internationally. Its products include a range of standard solar modules for use in various residential, commercial, and industrial solar power generation systems. The company also designs and produces specialty solar modules and products consisting of customized modules that its customers incorporate into their products, such as solar-powered bus stop lighting; and specialty products, such as solar-powered car battery chargers. In addition, it implements solar power development projects, primarily in conjunction with government organizations to provide solar power generation in rural areas of the People's Republic of China. The company sells its products under the Canadian Solar brand name. It offers its standard solar modules primarily to distributors, system integrators, utilities, and OEM companies, as well as to solar projects; and specialty solar modules and products directly to various manufacturers who integrate the specialty solar modules into their own products. The company sells its solar module products through its direct sales force and sales agents. Canadian Solar Inc. was founded in 2001 and is based in Markham, Canada.

Wyndham Worldwide Corporation (NYSE: WYN) provides various hospitality products and services to individual consumers and business customers. The companya�s Lodging segment franchises hotels in the upscale, middle, and economy segments of the lodging industry, as well as provides property management services to owners of these hotels. As of December 31, 2008, it owned approximately 7,000 franchised hotels, which represented 593,000 rooms. The companya�s Vacation Exchange and Rentals segment provides vacation exchange products and services to owners of intervals of vacation ownership interests; and markets vacation rental properties primarily on behalf of independent owners. Its accommodations include hotel rooms and suites, villas, cottages, bungalows, campgrounds, vacation ownership condominiums, city apartments, fractional private residences, luxury destination clubs, and yachts. The companya�s Vacation Ownership segment markets and sells vacation ownership interests to individual consumers; offers consumer financing in connection with the sale of vacation ownership interests; and provides property management services at resorts. As of December 31, 2008, it developed or acquired approximately 150 vacation ownership resorts in the United States, Canada, Mexico, the Caribbean, and the South Pacific. Wyndham Worldwide Corporation offers its products and services under the Wyndham Hotels and Resorts, Ramada, Days Inn, Super 8, Wyndham Rewards, Wingate, Microtel, RCI, The Registry Collection, Endless Vacation Rentals, Landal GreenParks, Cottages4You, Novasol, Wyndham Vacation Resorts, and WorldMark by Wyndham brand names. It markets its products and services in the United States and internationally. The company is headquartered in Parsippany, New Jersey.

Tenneco Inc. (NYSE: TEN), together with its subsidiaries, designs, manufactures, and sells automotive emission control, and ride control products and systems worldwide. Its emission control products and systems include catalytic converters and diesel oxidation catalysts, diesel particulate filters, burner systems, hydrocarbon vaporizers and injectors, lean nitrogen oxide traps, selective catalytic reduction systems, mufflers and resonators, exhaust manifolds, pipes, hydro formed assemblies, and hangers and isolators. The company offers its emission control products under the Walker, Fonostm, and Gillettm brand names. Tennecoa�s ride control products and systems comprise shock absorbers, struts, vibration control components, suspension systems, and other products, such as load assist products, springs, steering stabilizers, adjustable suspension systems, suspension kits, and modular assemblies. It offers its ride control products under the Monroe, Rancho, Clevite Elastomers, and Fric Rottm brand names. The company serves original equipment vehicle manufacturers, and the repair and replacement markets. It markets its products through distributors, jobbers, installers, and retailers, as well as through skilled engineers and program managers. Tenneco has a strategic alliance with Futaba. The company was formerly known as Tenneco Automotive Inc. and changed its name to Tenneco Inc. in 2005. Tenneco Inc. was founded in 1987 and is based in Lake Forest, Illinois.

Take-Two Interactive Software, Inc. (NASDAQ: TTWO) publishes, develops, and distributes interactive entertainment software, hardware, and accessories worldwide. The companya�s product offerings include titles for various platforms, including PLAYSTATION3 and PlayStation2 computer entertainment systems, PlayStationPortable system, Xbox 360 video game and entertainment system from Microsoft, Wii, and Nintendo DS, as well as for the personal computer. It publishes and develops products through its wholly owned labels Rockstar Games and 2K, which publish titles under 2K Games, 2K Sports, and 2K Play. The company, through its subsidiary, Jack of All Games, also distributes software, hardware, and accessories in North America. Take-Twoa�s proprietary brand franchises include Grand Theft Auto; Sid Meier's Civilization; Max Payne; Midnight Club; Manhunt; Red Dead Revolver; Bully; BioShock; Sid Meier's Railroads!; Sid Meier's Pirates!; Carnival Games; and Top Spin. Its licensed brands include the sports games Major League Baseball 2K; NBA 2K; and NHL 2K. The company sells its software titles to retail outlets through direct relationships with large retail customers and third party distributors. Take-Twoa�s customers include mass merchandisers, specialty retailers, video stores, electronics stores, toy stores, national and regional drug stores, and supermarket and discount store chains. The company was founded in 1993 and is headquartered in New York, New York.

Pengrowth Energy Trust (NYSE: PGH), through its subsidiary, Pengrowth Corporation, engages in the acquisition, ownership, and operation of working interests and royalty interests in oil and natural gas properties in Canada. The company was founded in 1988 and is based in Calgary, Canada.

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