


DRYS, ARM, EGLE, SPPI, CENX, AMKR. Top Losing Stocks With Negative Price Friction In Morning Trade Today
July 13, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for July 13, 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. DryShips (NASDAQ: DRYS), ArvinMeritor (NYSE: ARM), Eagle Bulk Shipping (NASDAQ: EGLE), Spectrum Pharmaceuticals (NASDAQ: SPPI), Century Aluminum (NASDAQ: CENX) and Amkor Technology (NASDAQ: AMKR). 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
DRYS -$0.31 -5.88% 1,819,057 38.12% 2,953,455 61.88% -1,134,398 -36,593
ARM -$0.27 -7.44% 62,861 32.95% 103,208 54.10% -40,347 -1,494
EGLE -$0.27 -6.21% 175,290 33.21% 352,491 66.79% -177,201 -6,563
SPPI -$0.26 -5.08% 207,582 45.72% 246,440 54.28% -38,858 -1,495
CENX -$0.26 -4.97% 278,666 39.33% 428,836 60.53% -150,170 -5,776
AMKR -$0.24 -4.91% 148,346 36.95% 250,624 62.43% -102,278 -4,262
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 DRYS with a dollar loss this morning of -$0.31 and a Friction Factor of -36,593 shares. That means that it only takes 36,593 more shares of selling than buying to move DRYS 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.
DryShips Inc. (NASDAQ: DRYS) engages in the ownership and operation of drybulk carriers worldwide. Its fleet carries various drybulk commodities, including coal, iron ore, grains, bauxite, phosphate, fertilizers, and steel products. As of March 26, 2009, the company owned and operated a fleet of 40 drybulk carriers comprising 7 Capesize, 29 Panamax, 2 Supramax, and 2 newbuilding drybulk vessels, which have a combined deadweight tonnage of approximately 3.3 million. It also owned and operated two ultra-deep water semi-submersible drilling rigs and two ultra deep-water newbuilding drillships. The company was founded in 2004 and is based in Athens, Greece.
ArvinMeritor, Inc. (NYSE: ARM) supplies a range of integrated systems, modules, and components to commercial truck, light vehicle, trailer, and specialty original equipment manufacturers, as well as various after markets worldwide. The companya�s products include commercial vehicle systems comprising truck axles, drivelines and other products, suspension systems and trailer products, braking systems, and transmissions; and specialty systems consisting of off-highway vehicle products, specialty vehicle products, and government products, such as axles, brakes, and brake system components, including ABS, trailer products, transfer cases, and drivelines for use in medium-duty and heavy-duty military tactical wheeled vehicles. It also offers light vehicle systems that comprise body systems, such as roof systems and door systems; chassis systems consisting of suspension systems, suspension modules, ride control products, and wheel products, such as fabricated steel wheels, bead seat attached wheels, full-face designed wheels, and clad wheels. The company primarily has joint ventures with Mitsubishi Steel Manufacturing Co. and Randon S. A. ArvinMeritor, Inc. was founded in 1921 and is headquartered in Troy, Michigan.
Eagle Bulk Shipping Inc. (NASDAQ: EGLE) engages in the ocean transportation of bulk cargoes in the dry bulk industry. The company transports primarily iron ore, coal, grain, cement, and fertilizer along worldwide shipping routes. As of December 31, 2008, it owned and operated a fleet of 23 oceangoing vessels with a combined carrying capacity of 1,184,939 deadweight tons. The company was founded in 2005 and is headquartered in New York, New York.
Spectrum Pharmaceuticals, Inc. (NASDAQ: SPPI), a commercial-stage biotechnology company with a focus on oncology, develops and commercializes a portfolio of drug products. Its marketed products include ZEVALIN, a form of cancer therapy called radioimmunotherapy for the treatment of non-Hodgkin's Lymphoma (NHL); and FUSILEV, which is indicated after high-dose methotrexate therapy in patients with osteosarcoma. The company is also developing apaziquone for the treatment of non-muscle invasive bladder cancer. Its phase II products include Ozarelix, a drug being investigated for benign prostatic hypertrophy (BPH), a non-cancerous enlargement of the prostate, and hormone dependent prostate cancer; and Ortataxel, a third-generation taxane. The company was formerly known as NeoTherapeutics, Inc. and changed its name to Spectrum Pharmaceuticals, Inc. in December 2002. Spectrum Pharmaceuticals, Inc. was founded in 1987 and is based in Irvine, California.
Century Aluminum Company (NASDAQ: CENX), through its subsidiaries, produces primary aluminum in the United States and internationally. The company offers molten aluminum, as well as standard-grade ingot, extrusion billet, and other value-added primary aluminum products. It also holds 50 percent joint venture interests in the Gramercy alumina refinery, located in Gramercy, Louisiana and a related bauxite mining operation in Jamaica. The company was founded in 1981 and is based in Monterey, California.
Amkor Technology, Inc. (NASDAQ: AMKR) operates as a subcontractor of semiconductor packaging and test services in the United States and internationally. It provides packaging solutions, including leadframe and laminate packages using wire bond and flip chip formats. The company offers flip chip and wafer level packages in which the semiconductor die is connected directly to the package substrate or system board; three dimensional (3D) package-on-package and stacked chip scale packages in which the individual chips or individual packages are stacked vertically to provide integration of logic and memory; advanced leadframe packages, which are thinner and smaller packages; multi-chip or system-in-package modules used in mobile phones and other handheld end-products; and packages for micro-electromechanical system devices that are used in automotive, industrial, and consumer electronics markets. It also provides a line of advanced probe and final test services for analog, digital, logic, mixed signal, and radio frequency semiconductor devices. The company was founded in 1968 and is headquartered in Chandler, Arizona.
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