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Tue, July 14, 2009
Mon, July 13, 2009

SSI and IMGN. Abnormal Price Friction In Morning Trading Session Today


Published on 2009-07-13 07:40:40, Last Modified on 2010-12-22 14:28:21 - WOPRAI
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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 companies with Abnormal Price Friction (unfair market) in their stock prices in todaya�s trading session. This means that there was more buying than selling in the stocks and their stock prices dropped. Stage Stores (NYSE: SSI) and Immunogen (NASDAQ: IMGN). 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

SSI -$0.60 -5.99% 10,578 44.09% 8,516 35.49% 2,062 abnormal

IMGN -$0.44 -4.93% 92,787 57.58% 68,360 42.42% 24,427 abnormal

Click here to view chart:

Analysis of the Friction Factor chart above shows that each of the stocks mentioned above had more buying than selling on Monday, July 13th, 2009 and their stock prices dropped. 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 SSI with 2,062 greater shares of buying than selling (NetVol) and the stock price is down -$0.60. This means the Market Makers were trading the stock in a way inconsistent with normal supply and demand (Economics 101); more buying than selling should cause prices to rise.

Stage Stores, Inc. (NYSE: SSI) operates as a specialty department store retailer in the United States. It offers various brand name and private label apparel, accessories, cosmetics, footwear, sportswear, special sizes, dresses, intimates, home and gift products, outerwear, swimwear, and other products for women, men, and children. The company operates its stores under the Bealls, Palais Royal, Peebles, and Stage names. As of March 10, 2009, it operated 738 stores located in 38 states. The company was founded in 1988 and is headquartered in Houston, Texas.

ImmunoGen, Inc. (NASDAQ: IMGN) engages in the research and development of antibody-based anticancer therapeutics in the United States. The company develops therapeutics for the treatment of cancer using its Tumor-Activated Prodrug (TAP) technology, which uses antibodies to deliver a potent cytotoxic agent. Its products include IMGN242, a Phase I clinical trial product for the treatment of CanAg-expressing gastric, pancreatic, and colorectal cancer; and IMGN901, which is in three clinical trials for the treatment of multiple myeloma as well as other hematological malignancies, small-cell lung cancer, ovarian cancer, and other cancers of neuroendocrine origin. The companya�s products also include Trastuzumab-DM1, a Phase II clinical trial product for the treatment of metastatic breast cancer; AVE9633, a Phase I clinical trial product for acute myeloid leukemia; AVE1642, a Phase I clinical trial product for the treatment of certain solid tumors and hematological malignancies; SAR3419, a Phase I clinical trial product for the treatment of B-cell hematological malignancies, including non-Hodgkina�s lymphoma; and BIIB015, a Phase I clinical trial product for the treatment of the treatment of solid tumors. It has collaborative partnerships with sanofi-aventis; Genentech, Inc.; Biogen Idec, Inc.; Biotest AG; Centocor, Inc.; Amgen, Inc.; Vernalis; and Cytovance Biologics LLC. ImmunoGen was founded in 1981 and is based in Waltham, Massachusetts.

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