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AFFX, WL, CIT, SLW, MGM, HNBC. Top Gainers With Lowest Price Friction In Morning Trade Today

^{Published on 2009-07-20 08:47:32, Last Modified on 2010-12-22 14:33:21 - WOPRAI}
 

July 20, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for July 20, 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. Affymetrix (NASDAQ: AFFX), Wilmington Trust (NYSE: WL), CIT Group (NYSE: CIT), Silver Wheaton Corp (NYSE: SLW), MGM Mirage (NYSE: MGM) and Harleysville National Corp (NASDAQ: HNBC). 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

AFFX $0.75 14.29% 220,251 67.82% 103,656 31.92% 116,595 1,555

WL $0.54 5.30% 168,570 38.71% 166,288 38.19% 2,282 42

CIT $0.53 75.71% 60,141,226 49.86% 57,273,098 47.48% 2,868,128 54,116

SLW $0.53 6.25% 392,911 50.57% 281,798 36.27% 111,113 2,096

MGM $0.48 7.57% 2,372,328 48.43% 2,005,560 40.94% 366,768 7,641

HNBC $0.48 12.80% 103,331 51.83% 94,333 47.32% 8,998 187

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 AFFX with a dollar gain this morning of +$0.75 and a Friction Factor of 1,555 shares. That means that it only takes 1,555 more shares of buying than selling to move AFFX 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.

Affymetrix, Inc. (NASDAQ: AFFX) engages in the development, manufacture, sale, and servicing of consumables and systems for genetic analysis in the life sciences and clinical healthcare markets. The company offers integrated GeneChip microarray platform that includes disposable DNA probe arrays (chips) consisting of nucleic acid sequences, certain reagents for use with the probe arrays, a scanner and other instruments used to process the probe arrays, and software to analyze and manage genomic or genetic information obtained from the probe arrays. Its products are used in various applications, including the monitoring of gene or exon expression levels and investigation of genetic variation. The company sells its products directly to pharmaceutical, biotechnology, agrichemical, diagnostics, and consumer products companies; academic research centers; government research laboratories; private foundation laboratories; and clinical reference laboratories in North America and Europe, as well as through life science supply specialists acting as authorized distributors in Latin America, India, the Middle East, and the Asia Pacific regions, including the Peoplea�s Republic of China. It has collaboration partnerships with Caliper Life Sciences, CapitalBio Corporation, Life Technologies, Pathwork Diagnostics, PreAnalutiX GmbH, and Qiagen GmbH. The company was founded in 1991 and is headquartered in Santa Clara, California.

Wilmington Trust Corporation (NYSE: WL), through its subsidiary, Wilmington Trust Company, provides fiduciary, wealth management, investment advisory, financial planning, insurance, broker-dealer, lending, and deposit-taking services in the United States and internationally. The Regional Banking segment offers various commercial lending, including lines of credit, term loans, and demand loans for working capital; consumer lending consisting of installment loans, residential mortgages, home improvement loans, direct and indirect automobile loans, credit cards, and secured and unsecured lines of credit; and deposit taking comprising demand checking, certificate of deposit, negotiable order of withdrawal, money market, and various savings deposit services. The Corporate Client Services segment offers indenture, successor, collateral, and liquidating trustee and administrative services; owner and indenture trustee and specialized services that support asset-backed securitizations and financing structures for aircraft, power generating facilities, ships, and other types of capital equipment; independent directors, corporate governance, and regulatory reporting services; trust and custody services for unbundled retirement plans; and fixed income investment and cash management services. This segment serves investment bankers, corporate tax advisors, and financial executives of multinational institutions. The Wealth Advisory Services segment provides investment counseling, asset allocation, and asset management; proprietary and third-party investment management; fiduciary and trust services; financial, estate, succession, and other planning services; tax preparation, estate settlement, private banking, and insurance services; broker-dealer services; and corporate governance, business management, bookkeeping, and other administrative services for family offices. The company was founded in 1901 and is headquartered in Wilmington, Delaware.

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.

Silver Wheaton Corp. (NYSE: SLW) operates as a silver streaming company. The company purchases silver form Luismin, Peasquito, Campo Morado, and La Negra mines in Mexico; Zinkgruvan mine in Sweden; Yauliyacu mine in Peru; Stratoni mine in Greece; Mineral Park mine in Arizona; and Keno Hill property in Canada. The company was incorporated in 1994 and is headquartered in Vancouver, Canada.

MGM MIRAGE (NYSE: MGM), through its subsidiaries, owns and operates casino resorts in the United States. The companya�s resorts offer gaming, hotel, dining, entertainment, retail, and other resort amenities. It also owns and operates golf courses and a golf club. As of December 31, 2008, the companya�s properties consisted of 17 wholly-owned casino resorts and 50% investments in 4 other casino resorts. MGM MIRAGE also operates luxury hotels in the Middle East and Asia. It has a strategic alliance with the Mashantucket Pequot Tribal Nation, which owns and operates a casino resort under the MGM Grand brand name in Ledyard, Connecticut. The company, formerly known as MGM Grand, Inc., was founded in 1986 and is based in Las Vegas, Nevada. MGM MIRAGE is a subsidiary of Tracinda Corporation.

Harleysville National Corporation (NASDAQ: HNBC) operates as the holding company for Harleysville National Bank and Trust Company that provides banking and financial products and services to individual and corporate customers primarily in eastern Pennsylvania. It engages in commercial banking and trust business, including accepting time, demand, savings, and money market deposits; making secured and unsecured commercial, consumer, and real estate loans, as well as financing commercial transactions; making construction and mortgage loans; and performing corporate pension and personal investment, and trust services, as well as provides investment management services. The company, through its other subsidiaries, also provides reinsurance services to consumer loan credit life, and accident and health insurance, as well as offers investment advisory services in estate and succession planning, and life insurance for high-net-worth construction and aggregate business owners, wealthy families, and institutional clients. As of December 31, 2008, it had 85 branch offices located in Montgomery, Bucks, Chester, Berks, Carbon, Lehigh, Monroe, Northampton, and Philadelphia counties in Pennsylvania. The company was founded in 1909 and is headquartered in Harleysville, Pennsylvania.

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