CBLI, COGO, AEL. Abnormal Price Friction In Morning Trading Session Today
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 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. Cleveland BioLabs (NASDAQ: CBLI), Cogo Group (NASDAQ: COGO) and American Equity Investment Life (NYSE: AEL). 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
CBLI -$0.17 -3.59% 89,064 52.82% 71,626 42.48% 17,438 abnormal
COGO -$0.16 -2.49% 13,463 64.48% 7,115 34.08% 6,348 abnormal
AEL -$0.13 -1.93% 76,960 53.42% 56,600 39.29% 20,360 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 20th, 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 CBLI with 17,438 greater shares of buying than selling (NetVol) and the stock price is down -$0.17. 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.
Cleveland Biolabs, Inc. (NASDAQ: CBLI) engages in the discovery, development, and commercialization of products for cancer treatment and protection of normal tissues from radiation and other acute stresses. The companya�s products include Protectan CBLB502, a radioprotectant molecule with multiple medical and defense applications for reducing injury from acute stresses, such as radiation and chemotherapy by mobilizing various natural cell protecting mechanisms, including inhibition of apoptosis, reduction of oxidative damage, and induction of factors that induce protection and regeneration of stem cells in bone marrow and intestine; Protectan CBLB612, a modified lipopeptide mycoplasma that acts as a stimulator and mobilizer of hematopoietic stem cells to peripheral blood, providing hematopoietic recovery during chemotherapy and during donor preparation for bone marrow transplantation; and Curaxins, which include a first generation anticancer agent that demonstrated activity and safety in a Phase II clinical trial and an enhanced second generation compound that is entering formal pre-clinical development. Cleveland Biolabs has a strategic research partnership with Roswell Park Cancer Institute to develop its cancer and radioprotectant drug candidates; has a strategic partnership with ChemBridge Corporation to access a chemical library of 214,000 compounds, as well as to jointly manage the development and commercialization of compounds arising from selected projects; and has a collaborative relationship with the Armed Forces Radiobiology Research Institute. The company was founded in 2003 and is headquartered in Buffalo, New York.
Cogo Group, Inc. (NASDAQ: COGO), through its subsidiaries, provides customized module design solutions for various applications and end markets in China. Its customized module design solutions include mobile handset modules for liquid crystal display, camera, persistent storage, input/output, sound system, power supplies, multimedia, and bluetooth functionalities; industrial business modules for the green energy and auto-electronics sectors; and digital media modules for digital set-top boxes, global positioning system applications, and multimedia module in portable media player and home entertainment. The companya�s customized module design solutions also include telecommunications equipment modules for fixed line telecommunications network, data communications, optical transmission, wireless base-station, public switched telephone network, switching, electrical signal processing, and optical signal amplification functionalities. It also offers technology and engineering, business process outsourcing, software design, network system integration, and related training and maintenance services, as well as location-based search services, and media communication and collaboration platforms and solutions. The company serves mobile handset, industrial business, telecommunications equipment, and digital media end-markets, as well as subsystem designers and contract manufacturers. It sells its customized module design solutions through direct sales force, consisting sales directors, account managers, and sales support staff. The company was formerly known as Comtech Group, Inc. Cogo Group, Inc. was founded in 1917 and is headquartered in Shenzhen, China.
American Equity Investment Life Holding Company (NYSE: AEL), through its subsidiaries, engages in the development and sale of annuities and life insurance products in the United States and the District of Columbia. The company underwrites annuity and insurance products, as well as collects renewal premiums on certain accident and health insurance policies. Its annuity products include index annuities and fixed rate annuities, as well as single premium immediate annuities. The companya�s insurance products comprise traditional ordinary and term, universal life, and other interest-sensitive life insurance products. It markets its products through a brokerage distribution network of national marketing organizations and independent agents. The company was founded in 1995 and is based in West Des Moines, Iowa.
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