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RECN, NOK, APH, NXY, HOT, IVN. Top Losing Stocks With Negative Price Friction In Morning Trade Today


Published on 2009-07-16 09:34:44, Last Modified on 2010-12-22 14:30:59 - WOPRAI
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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. Resources Connection (NASDAQ: RECN), Nokia Corp (NYSE: NOK), Amphenol Corp (NYSE: APH), NEXEN (NYSE: NXY), Starwood Hotels (NYSE: HOT) and Ivanhoe Mines (NYSE: IVN). 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

RECN -$2.38 -13.58% 261,757 41.48% 350,210 55.50% -88,453 -372

NOK -$2.26 -14.41% 17,056,002 43.25% 17,396,783 44.11% -340,781 -1,508

APH -$2.02 -5.95% 302,460 31.31% 466,253 48.27% -163,793 -811

NXY -$1.85 -8.88% 559,675 32.76% 782,860 45.82% -223,185 -1,206

HOT -$1.75 -8.05% 562,557 31.79% 646,619 36.54% -84,062 -480

IVN -$1.43 -15.92% 703,828 35.53% 735,528 37.13% -31,700 -222

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 RECN with a dollar loss this morning of -$2.38 and a Friction Factor of -372 shares. That means that it only takes 372 more shares of selling than buying to move RECN 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.

Resources Connection, Inc. (NASDAQ: RECN), a professional services company, provides finance, accounting, risk management and internal audit, information management, human resources, supply chain management, actuarial and legal services professionals in support of client-led projects and initiatives. The company, through its subsidiaries, offers finance and accounting services, such as mergers and acquisitions due diligence, initial public offering assistance and assistance in the preparation or restatement of financial statements, financial analyses, corporate reorganizations, budgeting and forecasting, audit preparation, public-entity reporting, and tax-related projects; information management services, such as financial system/enterprise resource planning implementation, and post implementation optimization; and human capital services, such as change management and compensation program design and implementation. It also provides risk management and internal audit services, including compliance reviews, internal audit co-sourcing, and assisting clients with compliance efforts; supply chain management services, such as strategic sourcing efforts, contracts negotiation, and purchasing strategy; actuarial services, such as for pension and life insurance companies; and legal services, such as providing attorneys, paralegals, and contract managers to assist clients with project-based or peak period needs. In addition, the company offers policyIQ, a Web-based content management product for documenting, managing, and communicating various types of business information, including policies and procedures, Sarbanes documentation, training documentation, and other business content. It operates in the United Kingdom, Germany, Mexico, the United States, the Netherlands, Italy, Japan, Canada, Australia, Sweden, India, and the Peoplea�s Republic of China. The company was founded in 1996 and is headquartered in Irvine, California.

Nokia Corporation (NYSE: NOK) manufactures mobile devices, and provides Internet services and digital map information worldwide. The companya�s Devices & Services segment designs, develops, and manages its mobile device portfolio, including the sourcing of components. It also offers consumer Internet services in music, maps, media, messaging, and games and working areas. Its NAVTEQ segment provides digital map information and related location based content and services for automotive navigation systems, mobile navigation devices, Internet-based mapping applications, and government and business solutions. Its map database enables its customers to offer dynamic navigation, route planning, location-based services, and other geographic information-based products and services to consumer and commercial users. This segment also provides its database to mobile device and handset manufacturers, automobile manufacturers and dealers, navigation systems manufacturers, software developers, Internet portals, parcel and overnight delivery services companies, and governmental and quasi-governmental entities. The companya�s Nokia Siemens Networks segment provides wireless and fixed network infrastructure, communications, and networks service platforms, as well as professional services to operators and service providers. It develops GSM, EDGE, and 3G/WCDMA/HSPA radio access networks and cellular transmission; develops network solutions for mobile and fixed network operators; focuses on transport networks, and provides a portfolio for the wire line connectivity area; and provides network and service management software and charging and billing software. This segment also offers operators a range of professional services, from consultancy to outsourced operations; systems integration to hosting; and network design to network care, including network implementation and turnkey solutions, as well as markets mobile WiMAX solutions. The company was founded in 1865 and is based in Espoo, Finland.

Amphenol Corporation (NYSE: APH) engages in the design, manufacture, and marketing of electrical, electronic, and fiber optic connectors and interconnect systems, and coaxial and flat-ribbon cables worldwide. It produces various interconnect products and assemblies primarily for voice, video, and data communication systems, commercial aerospace and military systems, automotive and mass transportation applications, and industrial and factory automation equipment. The companya�s interconnect products include connectors, which when attached to an electronic or fiber optic cable, a printed circuit board or other device, facilitate electronic or fiber optic transmission. Its interconnect assemblies consist of a system of cable and connectors for linking electronic and fiber optic equipment. The company also produces various radio frequency connector products and antennas for use in telecommunications, computer and office equipment, instrumentation equipment, local area networks, and automotive electronics, as well as in base stations, mobile communication devices, and other components of cellular and personal communications networks. In addition, it produces industrial interconnect products; and highly-engineered cable and backplane assemblies. The companya�s cable products comprise coaxial cable and connector products for use in cable television systems, including full service cable television/telecommunication systems. It also provides high speed data cables and specialty cables for use in computer and office equipment applications, as well as in various telecommunication applications. Amphenol Corporation markets its products directly, as well as through manufacturersa� representatives and distributors to original equipment manufacturers, contract manufacturers, cable system operators, and telecommunication companies. The company was founded in 1932 and is headquartered in Wallingford, Connecticut.

Nexen Inc. (NYSE: NXY) is an independent, Canadian-based global energy company, listed on the Toronto and New York stock exchanges under the symbol NXY. We are uniquely positioned for growth in the North Sea, Western Canada (including the Athabasca oil sands of Alberta and unconventional gas resource plays such as shale gas and coalbed methane), deep-water Gulf of Mexico, offshore West Africa and the Middle East. We add value for shareholders through successful full-cycle oil and gas exploration and development and leadership in ethics, integrity, governance and environmental protection.

Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT), together with its subsidiaries, operates as a hotel and leisure company worldwide. The company primarily operates luxury and upscale full service hotels, retreats, and residences. It also engages in the development, ownership, and operation of vacation ownership resorts; marketing and selling vacation ownership interests in the resorts; and provision of financing to customers who purchase such interests. In addition, the company develops, markets, and sells residential units at mixed use hotel projects. As of December 31, 2007, its hotel portfolio includes 942 owned, leased, managed, and franchised hotels with approximately 285,000 rooms. The company also had 26 vacation ownership resorts and residential properties in the United States, Mexico, and the Bahamas. It operates hotels and resorts under various brand names comprising St. Regis, The Luxury Collection, W, Westin, Le Meridien, Sheraton, Four Points, aloft, and Element. The company was founded in 1969 and is based in White Plains, New York.

Ivanhoe Mines Ltd. (NYSE: IVN), through its subsidiaries, operates as a mineral exploration and development company. Its principal mineral resource property is the Oyu Tolgoi copper and gold project in Mongolia. The company also holds interests in various mineral resource projects in the Asia Pacific region, including the Ovoot Tolgoi coal mine in Mongolia; the Cloncurry project for the exploration and development of copper, gold, and uranium in Queensland, Australia; and the Bakyrchik gold project in Kazakhstan. It has a joint venture agreement with Omico Corp. to explore and develop a gold and copper project in the northern Philippines. The company was formerly known as Indochina Goldfields Ltd. and changed its name to Ivanhoe Mines Ltd. in June 1999. Ivanhoe Mines Ltd. was founded in 1994 and is headquartered in Vancouver, Canada.

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