BMA, PCS, RT, STLD, WCG, MKSI. Top Gainers With Lowest Price Friction In Morning Trade Today
July 7, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for July 7, 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. Banco Marco (NYSE: BMA), MetroPCS Communications (NYSE: PCS), Ruby Tuesday (NYSE: RT), Steel Dynamics (NASDAQ: STLD), Wellcare Health Plans (NYSE: WCG) and MKS Instruments (NASDAQ: MKSI). 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
BMA $0.80 4.67% 18,276 59.82% 6,242 20.43% 12,034 150
PCS $0.75 6.37% 866,451 44.42% 712,179 36.51% 154,272 2,057
RT $0.68 10.36% 204,900 42.88% 182,819 38.26% 22,081 325
STLD $0.67 5.03% 1,239,795 52.13% 1,137,603 47.83% 102,192 1,525
WCG $0.65 3.78% 34,850 48.06% 23,871 32.92% 10,979 169
MKSI $0.64 4.68% 71,824 50.24% 48,585 33.98% 23,239 363
Click here to view chart: http://www.buyins.com/ff/ffrttopg7-7-09-3.jpg
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 BMA with a dollar gain this morning of +$0.80 and a Friction Factor of 150 shares. That means that it only takes 150 more shares of buying than selling to move BMA 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.
Banco Macro S.A. (NYSE: BMA) provides banking products and services to individuals, entrepreneurs, companies, and corporate customers in Argentina. It offers various retail products and services, such as savings and checking accounts, time deposits, credit and debit cards, consumer finance loans, mortgage loans, car loans, overdrafts, credit-related services, home and car insurance coverage, tax collection, utility payments, automated teller machines (ATMs), and money transfer services. The company also provides personal loans, advances, document discounts, and credit card loans to retail customers. Its corporate banking products and services include deposits, lending, check cashing advances and factoring, guaranteed loans, and credit lines for financing foreign trade, and cash management services. Further, the company provides trust, payroll, and financial agency services, as well as corporate credit cards; and transaction services, such as cash management, customer collections, payments to suppliers, payroll administration, foreign exchange transactions, foreign trade services, corporate credit cards, and information services, such as Datanet and Interpymes services to corporate customers; and Internet banking services. As of December 31, 2008, it operated a network of 416 branches and 803 automated teller machines. The company is headquartered in Buenos Aires, Argentina.
MetroPCS Communications, Inc. (NYSE: PCS), a wireless telecommunications carrier, offers wireless broadband mobile services in the United States. The companya�s services comprise voice services that allow customers to place voice calls to, and receive calls from, any telephone in the world, including local, domestic long distance, and international calls; data services, such as ringtones, ring back tones, games and content applications, text and multimedia messaging services, mobile Internet browsing, mobile instant messaging, location based services, social networking services, and push e-mail; and custom calling features consisting of caller ID, call waiting, three-way calling, and voicemail. It also sells mobile handsets. The company sells its products and services, under the MetroPCS brand name, directly through company-operated retail stores and indirectly through independent retail outlets, as well as through Internet. As of December 31, 2008, it operated approximately 127 retail stores in the metropolitan areas of Atlanta, Dallas/Ft. Worth, Detroit, Las Vegas, Los Angeles, Miami, Orlando/Jacksonville, Philadelphia, San Francisco, Sacramento, and Tampa/Sarasota. The company was founded in 1994 and is headquartered in Richardson, Texas.
Ruby Tuesday, Inc. (NYSE: RT), together with its subsidiaries, engages in the development, operation, and franchise of casual dining restaurants under the Ruby Tuesday brand name in the United States and internationally. As of June 3, 2008, the company owned and operated 721 casual dining restaurants; franchise partnerships operated 122 restaurants; and traditional franchisees operated 48 domestic and 54 international restaurants in the United States, the Asia Pacific Region, India, the Middle East, Puerto Rico, Guam, Canada, Iceland, eastern Europe, and Central and South America. The company was founded in 1920 and is based in Maryville, Tennessee.
Steel Dynamics, Inc. (NASDAQ: STLD), together with its subsidiaries, engages in the manufacture and sale of steel products in the United States. It operates in three segments: Steel Operations, Steel Fabrication Operations, and Metals Recycling and Ferrous Resources Operations. The Steel Operations segment offers hot rolled, cold rolled, and coated steel products, including light gauge hot-rolled, galvanized, and painted products; structural steel beams and pilings; rail products; special bar quality and merchant bar quality rounds, and round-cornered squares; and billets and merchant steel products, such as angles, plain rounds, flats, and channels. This segment serves cold finishers, forgers, intermediate processors, original equipment manufacturers, steel service centers, and fabricators. The Steel Fabrication Operations segment engages in fabricating trusses, girders, steel joists, and steel decking used within the nonresidential construction industry. The Metals Recycling and Ferrous Resources Operations segment offers heavy melting steel, busheling, bundled scrap, shredded scrap, and other scrap metal products, such as steel turnings and cast iron used in foundry and steel mill applications. The company was founded in 1993 and is headquartered in Fort Wayne, Indiana.
WellCare Health Plans, Inc. (NYSE: WCG) provides managed care services for government-sponsored health care programs in the United States. The company offers Medicaid and Medicare plans, including health plans for families, children, aged, blind, and disabled, as well as prescription drug plans. Its Medicaid plans include plans for individuals who are dually eligible for Medicare and Medicaid; and beneficiaries of the Temporary Assistance to Needy Families program (TANF), Supplemental Security Income Program (SSI), State Childrena�s Health Insurance program (S-CHIP), and the Family Health Plus program (FHP). The TANF program provides assistance to low-income families with children; the SSI program offers assistance to low-income aged, blind, and disabled individuals; and the S-CHIP and FHP programs provides assistance for families not eligible for Medicaid. Its Medicare plans include stand-alone prescription drug plans; and Medicare Advantage plans comprising coordinated care plan (CCP), preferred provider organization plan (PPO), and private fee-for-service plan (PFFS). The Medicare Advantage is Medicarea�s managed care alternative to original Medicare fee-for-service that provides individuals standard Medicare benefits through Centers for Medicare & Medicaid Services. CCPs are administered through a health maintenance organization and require members to seek health care services from a network of health care providers. PFFS plans are open-access plans that allow members to be seen by any physician that participates in the Original Medicare program. PPO plans provide in-network and out-of-network benefits for Medicare beneficiaries. As of December 31, 2008, WellCare Health Plans, Inc. had approximately 1.3 million Medicaid members and approximately 1.2 million Medicare members. The company was formerly known as WellCare Group, Inc. and changed its name to WellCare Health Plans, Inc. in 2004. WellCare Health Plans, Inc. was founded in 1985 and is headquartered in Tampa, Florida.
MKS Instruments, Inc. (NASDAQ: MKSI), together with its subsidiaries, provides instruments, subsystems, and process control solutions that measure, control, power, monitor, and analyze parameters of semiconductor, thin film, and other manufacturing processes worldwide. It offers various instruments and control systems, including pressure measurement and control, materials delivery, gas composition analysis, electrostatic charge management, and control and information technology products. The company also offers power and reactive gas products, such as power delivery products, reactive gas generation products, processing thin films, and equipment cleaning products. In addition, it provides vacuum products, such as vacuum gauging products, and vacuum valves and process solutions, as well as electrostatic management solutions, multivariate data analysis and modeling software, and data and yield management software. The companya�s products are used in the semiconductor processing steps, such as depositing thin films of material onto silicon wafer substrates, and etching and cleaning circuit patterns; in the manufacture of flat panel displays, data storage media, solar cells, and other coatings; in the energy generation and environmental monitoring processes, such as nuclear fuel processing, fuel cell research, greenhouse gas monitoring, and chemical agent detection; in medical instrument sterilization; and in consumable medical supply manufacturing and pharmaceutical manufacturing. It serves manufacturers of semiconductor capital equipment, semiconductor devices, and thin film capital equipment; other industrial, medical, and manufacturing companies; and university, government, and industrial research laboratories. The company was founded in 1961 and is headquartered in Andover, Massachusetts with additional offices in China, France, Germany, Japan, Korea, the Netherlands, Singapore, Taiwan, the United Kingdom, and the United States.
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