CSUN, RZ, SANM. Top Gainers With Lowest Price Friction In Morning Trade Today
July 16, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for July 16, 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. China Sunergy (NASDAQ: CSUN), Raser Technologies (NYSE: RZ) and Sanmina-SCI (NASDAQ: SANM). 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
CSUN $0.11 2.70% 91,521 52.46% 82,936 47.54% 8,585 780
RZ $0.06 3.05% 174,229 54.53% 119,436 37.38% 54,793 9,132
SANM $0.03 6.69% 376,454 69.26% 167,076 30.74% 209,378 69,793
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 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 CSUN with a dollar gain this morning of +$0.11 and a Friction Factor of 780 shares. That means that it only takes 780 more shares of buying than selling to move CSUN 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.
China Sunergy Co., Ltd. (NASDAQ: CSUN), together with its subsidiaries, engages in the design, development, manufacture, and marketing of solar cells in the People's Republic of China and overseas market. It manufactures solar cells from silicon wafers utilizing crystalline silicon solar cell technology to convert sunlight directly into electricity through a process, known as the photovoltaic effect. The company sells solar cell products to Chinese and overseas module manufacturers and system integrators, who assemble its solar cells into solar modules and solar power systems for use in various markets. The company was founded in 2004 and is based in Nanjing, the People's Republic of China.
Raser Technologies, Inc. (NYSE: RZ) operates as a geothermal power development and technology licensing company in the United States. The company operates in two segments, Power Systems, and Transportation and Industrial. The Power Systems segment develops renewable geothermal electric power plants, and bottom-cycling operations. It has eight geothermal projects under development. The Transportation and Industrial segment focuses on commercializing its Symetron family of technologies that enhance electric motors and related components. It provides electromagnetic machine and power electronic drive technologies for applications in AC induction, permanent-magnet synchronous, and hybrid reluctance electric motors; generators and power electronic drives; automotive alternators; and integrated starter alternators for use in industrial and transportation applications, hybrid-electric and electric vehicle propulsion systems, and other applications where the performance of electricity-to-motion or motion-to-electricity power conversions can be enhanced. The company has a strategic relationship with UTC Power to manufacture the principal components of a geothermal power plant; and a collaboration agreement with Hummer to produce the hybrid H3. Raser Technologies, Inc. was founded in 2003 and is based in Provo, Utah.
Sanmina-SCI Corporation (NASDAQ: SANM) provides integrated electronics manufacturing services worldwide. It offers various services, including product design and engineering, comprising initial development, detailed design, preproduction services, and manufacturing design; volume manufacturing of components, subassemblies, and complete systems; final system assembly and test; direct order fulfillment and logistic services; and after-market product service and support. The company manufactures various system components and subassemblies consisting of printed circuit boards, printed circuit board assemblies, backplanes and backplane assemblies, enclosures, cable assemblies, precision machine components, optical modules, and memory modules. Sanmina-SCI offers its services to original equipment manufacturers primarily in the communications, computing and storage, multimedia, industrial and semiconductor capital equipment, defense and aerospace, medical, and automotive industries. The company was founded in 1980 and is based in San Jose, California.
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