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IX, AIG, CIT, WDR, MTL, PALM. Top Losing Stocks With Negative Price Friction In Morning Trade Today

^{Published on 2009-07-16 09:42:17, Last Modified on 2010-12-22 14:31:02 - WOPRAI}
 

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 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. ORIX Corp (NYSE: IX), American International Group (NYSE: AIG), CIT Group (NYSE: CIT), Waddell and Reed Financial (NYSE: WDR), Mechel (NYSE: MTL) and Palm Inc. (NASDAQ: PALM). 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

IX -$1.35 -4.66% 7,505 38.09% 8,610 43.69% -1,105 -8

AIG -$1.28 -9.00% 2,424,769 33.68% 3,181,512 44.20% -756,743 -5,912

CIT -$1.24 -75.62% 35,641,527 37.87% 43,676,817 46.41% -8,035,290 -64,801

WDR -$1.20 -4.61% 42,335 25.54% 96,406 58.17% -54,071 -451

MTL -$0.70 -7.68% 397,454 32.19% 563,250 45.61% -165,796 -2,369

PALM -$0.63 -4.22% 968,048 42.96% 1,207,537 53.59% -239,489 -3,801

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 IX with a dollar loss this morning of -$1.35 and a Friction Factor of -8 shares. That means that it only takes 8 more shares of selling than buying to move IX 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.

ORIX Corporation (NYSE: IX) provides financial products and services to corporations and small and medium sized enterprises. The company's Corporate Financial Services segment provides installment loans and financial leasing for capital investment and other requirements. The company's Maintenance Leasing segment engages in providing vehicle management outsourcing functions; leasing precision measuring equipment; and renting IT-related equipment. It also provides technical support, calibration, and asset management services; and car rental services to corporate and individual customers through 830 outlets. The company's Real Estate segment develops and leases office buildings, and logistics facilities; operates hotels, golf courses, and training facilities; and develops and operates properties, which include senior housing, integrated facilities management, and related services. This segment also develops residential condominiums; and provides asset management and administration of Japanese REITs. The company's Investment Banking segment principally engages in real estate-related finance business, including non-recourse loans; and loan servicing, principal investment, securitization, mergers and acquisitions and financial advisory, and venture capital business. The company's Retail segment provides housing loans to purchase rental purpose condominiums; card loans; life insurance products and services, such as death benefit and medical insurance; and securities products and services to individual customers. The company's Overseas Business segment involves in leasing, automobile leasing, corporate financial services, and ship and airplane-related operations. This segment also engages in real estate-related operations, as well as provides mergers and acquisitions advisory services. ORIX primarily operates in the United States, Asia, Oceania, the Middle East, and Europe. The company, formerly known as Orient Leasing Co., Ltd., was founded in 1964 and is based in Tokyo, Japan.

American International Group, Inc. (NYSE: AIG), through its subsidiaries, provides insurance and financial services in the United States and internationally. It operates in four segments: General Insurance, Life Insurance and Retirement Services, Financial Services, and Asset Management. The General Insurance segment underwrites various business insurance products, including large commercial or industrial property insurance, excess liability, inland marine, environmental, workersa� compensation, and excess and umbrella coverages. It also offers various specialized forms of insurance, such as aviation, accident and health, equipment breakdown, directors and officers liability, difference-in-conditions, kidnap-ransom, export credit and political risk, and professional errors and omissions coverages. In addition, this segment provides property and casualty reinsurance products to insurers; automobile insurance products; residential mortgage guaranty insurance products; and commercial and consumer lines of insurance products. The Life Insurance and Retirement Services segment offers individual and group life, payout annuities, endowment, and accident and health policies, as well as retirement savings products consisting of fixed and variable annuities. The Financial Services segment provides commercial aircraft and equipment leasing, capital market operations, consumer finance, and insurance premium financing. The Asset Management segment offers investment-related services and investment products to individuals, pension funds, and institutions. The company was founded in 1967 and is based in New York, New York.

CIT Group Inc. (NYSE: CIT) operates as the holding company for CIT bank that provides commercial financing and leasing products, and management advisory services to the small and middle market companies worldwide. Its products principally include asset based loans; secured lines of credit; operating, capital, and leveraged leases; vendor finance programs; import and export financing; debtor-in-possession/turnaround financing; acquisition and expansion financing; letters of credit/trade acceptances structuring; and small business loans. The companya�s services primarily comprise financial risk management; asset management and servicing; merger and acquisition advisory services; debt restructuring; credit protection; accounts receivable collection; debt underwriting and syndication; capital markets; and insurance services for small businesses and middle market customers. It serves clients in various industries, including transportation, particularly aerospace and rail, manufacturing, wholesaling, retailing, healthcare, communications, media and entertainment, and various service-related industries. The company was founded in 1908 and is headquartered in New York, New York.

Waddell & Reed Financial, Inc. (NYSE: WDR), through its subsidiaries, provides investment management, investment product underwriting and distribution, and shareholder services administration to mutual funds, and institutional and separately managed accounts in the United States. The company acts as an investment adviser for institutional and other private investors, and provides subadvisory services to other investment companies, as well as manages assets for defined benefit pension plans, other investment companies, defined contribution plans, endowments, and high net worth clients. It also offers variable annuity products, retirement and life insurance products, and disability products, as well as asset allocation investment advisory products, including managed allocation portfolio and strategic portfolio allocation. The company distributes investment products through independent financial advisors, broker/dealers, registered investment advisors, and various retirement platforms; and markets investment advisory services to institutional investors directly or through consultants. Waddell & Reed Financial, Inc. has a strategic alliance with Securian Financial Group, Inc. The company was founded in 1937 and is based in Overland Park, Kansas.

Mechel OAO (NYSE: MTL), through its subsidiaries, operates as a mining and steel company in the Russian Federation, Lithuania, Kazakhstan, and central and eastern Europe. The company operates in four segments: Steel, Mining, Ferroalloys, and Power. The Steel segment engages in the production and sale of semi-finished steel products; carbon and specialty long products; carbon and stainless flat products; and value-added downstream metal products, including hardware, forgings, and stampings, as well as steel industry materials, such as limestone, coke, and coking products. The Mining segment involves in the production and sale of coking and steam coal, and iron ore. This segment operates coal mines located in the Kuznetsky Basin, near the city of Mezhdurechensk in southwestern Siberia; the Nerungrinsk and Kangalassk open pit mines and the Dzhebariki-Khaya underground mine located in the Sakha Republic in eastern Siberia, as well as holds the license rights to mine the undeveloped Elga coal deposit; and three open pit iron ore mines located near Zheleznogorsk-Ilimsky, central Siberia. This segment also offers coal washing services. The Ferroalloys segment engages in the production and sale of nickel ore; low-ferrous ferronickel that is used in the production of corrosion-resistant and heat resistant steel grades; ferrosilicon, which is used in ferrous metallurgy as a deoxidizer or as an alloying element for production of steel grades, or as a pig iron modifier; and ferrochrome that is used in the iron industry to alloy construction steel and heat-resistant and stainless steels. The Power segment engages in the generation and sale of electricity and heat power, which supplies electricity, gas, and heat power. As of December 31, 2008, it had a total installed capacity of 554 MW. Mechel OAO was founded in 2003 and is headquartered in Moscow, the Russian Federation.

Palm, Inc. (NASDAQ: PALM) provides mobile products for individual users and business customers worldwide. The company offers integrated technologies that enable people to stay connected with their family, friends, and colleagues; access and share the information; and manage their daily lives on the go. Its mobile products include smartphones and handheld computers, which provide various business productivity tools, and personal and entertainment applications. The company offers Centro and Treo 755p smartphones on the Palm operating system platform and the Treo 700wx, 750, 500, and 800w smartphones powered by Windows Mobile operating system. It provides Palm and Tungsten handheld computers, including Palm Z22, Tungsten E2, and Palm TX that incorporate data synchronization technology, enabling the devices to synchronize with desktop applications, such as Outlook, and an infrared port for exchanging information between devices. The company also offers various add-ons and accessories, including portable keyboards, memory expansion cards for storage and content, modems, headsets, and carrying cases. Palm, Inc. sells its products to wireless carriers, distributors, retailers, and resellers through its sales force, as well as to end users through its Web site at palm.com. The company, formerly known as palmOne, Inc., was founded in 1992 and is headquartered in Sunnyvale, California. Palm, Inc. (NasdaqNM:PALM) operates independently of 3Com Corporation, as of July 27, 2000.

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