TEN, OREX, CDE, LVS, TEX, RINO. Top Gainers With Lowest Price Friction In Morning Trade 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 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. Tenneco (NYSE: TEN), Orexigen Therapeutics (NASDAQ: OREX), Coeur d Alene Mines (NYSE: CDE), Las Vegas Sands (NYSE: LVS), Terex (NYSE: TEX) and RINO International (NASDAQ: RINO). 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
TEN $1.40 13.15% 106,551 46.85% 82,614 36.33% 23,937 171
OREX $1.21 21.27% 756,172 54.22% 630,609 45.22% 125,563 1,038
CDE $1.15 9.52% 337,996 54.38% 196,045 31.54% 141,951 1,234
LVS $1.13 13.16% 5,696,100 48.45% 4,909,577 41.76% 786,523 6,960
TEX $1.08 8.31% 323,026 45.52% 215,155 30.32% 107,871 999
RINO $0.83 7.63% 91,318 70.15% 38,565 29.63% 52,753 636
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 TEN with a dollar gain this morning of +$1.40 and a Friction Factor of 171 shares. That means that it only takes 171 more shares of buying than selling to move TEN 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.
Tenneco Inc. (NYSE: TEN), together with its subsidiaries, designs, manufactures, and sells automotive emission control, and ride control products and systems worldwide. Its emission control products and systems include catalytic converters and diesel oxidation catalysts, diesel particulate filters, burner systems, hydrocarbon vaporizers and injectors, lean nitrogen oxide traps, selective catalytic reduction systems, mufflers and resonators, exhaust manifolds, pipes, hydro formed assemblies, and hangers and isolators. The company offers its emission control products under the Walker, Fonostm, and Gillettm brand names. Tennecoa�s ride control products and systems comprise shock absorbers, struts, vibration control components, suspension systems, and other products, such as load assist products, springs, steering stabilizers, adjustable suspension systems, suspension kits, and modular assemblies. It offers its ride control products under the Monroe, Rancho, Clevite Elastomers, and Fric Rottm brand names. The company serves original equipment vehicle manufacturers, and the repair and replacement markets. It markets its products through distributors, jobbers, installers, and retailers, as well as through skilled engineers and program managers. Tenneco has a strategic alliance with Futaba. The company was formerly known as Tenneco Automotive Inc. and changed its name to Tenneco Inc. in 2005. Tenneco Inc. was founded in 1987 and is based in Lake Forest, Illinois.
Orexigen Therapeutics, Inc. (NASDAQ: OREX), a biopharmaceutical company, focusing on the development of pharmaceutical product candidates for the treatment of obesity. The companya�s lead combination product candidates targeted for obesity are Contrave, which is in Phase III clinical trials, and Empatic, which is in the later stages of Phase II clinical development. It selected these two product candidates for obesity based research regarding CNS regulation of appetite and energy expenditure, as well as mechanisms in the brain that reinforce unhealthy eating behaviors. Each of these product candidates is a combination of generic drugs that is screened for synergistic CNS activity. Orexigen Therapeutics was founded in 2002 and is headquartered in La Jolla, California.
Coeur d Alene Mines Corporation (NYSE: CDE) and its subsidiaries engage in the operation, ownership, exploration, development, and mining of silver and gold properties located in South America, the United States, Australia, and Mexico. The company also explores for lead and zinc in its properties. It owns interests in the San Bartolome mine located in Bolivia; and the Palmarejo mine located in the Sierra Madre Occidental of northern Mexico. The company also holds interests in the Cerro Bayo mine located in southern Chile and Martha mine located in Santa Cruz, Argentina, as well as owns the Rochester mine, a surface mining operation located in northwestern Nevada. In addition, it holds non-operating interests in the Broken Hill mine and Endeavor mine located in New South Wales, Australia. Further, it owns the Kensington property located north of Juneau, Alaska, as well as conducts exploration activities in Argentina, Chile, and Mexico. The company was founded in 1928 and is based in Coeur da�Alene, Idaho.
Las Vegas Sands Corp. (NYSE: LVS) and its subsidiaries develop multi-use integrated resorts worldwide. It owns and operates The Venetian Resort Hotel Casino, The Palazzo Resort Hotel Casino, and The Sands Expo and Convention Center in Las Vegas, Nevada; and the Sands Macao, The Venetian Macao Resort Hotel, and the Four Seasons Hotel Macao, Cotai Strip in Macao, the Peoplea�s Republic of China. The company is also developing Marina Bay Sands, an integrated resort in Singapore; and Sands Casino Resort Bethlehem, an integrated resort in Bethlehem, Pennsylvania. Las Vegas Sands Corp. was founded in 1988 and is headquartered in Las Vegas, Nevada.
Terex Corporation (NYSE: TEX) designs, manufactures, and markets capital equipment for construction, infrastructure, quarrying, surface mining, shipping, transportation, power, and energy industries worldwide. The companya�s Terex Aerial Work Platforms segment offers material lifts, portable aerial work platforms, trailer-mounted articulating booms, self-propelled articulating and telescopic booms, scissor lifts, telehandlers, construction trailers, trailer-mounted light towers, power buggies, portable generators, and related components and replacement parts. Its Terex Construction segment offers heavy construction equipment, including off-highway trucks, scrapers, hydraulic excavators, large wheel loaders, and material handlers; and compact construction equipment, including loader backhoes, truck-mounted articulated hydraulic cranes, compaction equipment, mini and midi excavators, site dumpers, compact track loaders, skid steer loaders, and wheel loaders. The companya�s Terex Cranes segment offers mobile telescopic cranes, tower cranes, lattice boom crawler cranes, truck-mounted cranes, and telescopic container stackers, as well as replacement parts and components. Its Terex Materials Processing & Mining segment offers materials processing equipment, hydraulic mining excavators, highwall mining equipment, high capacity surface mining trucks, drilling equipment, and related components and replacement parts. The companya�s Terex Roadbuilding, Utility Products, and Other segment provides asphalt and concrete equipment, including pavers, transfer devices, plants, mixers, reclaimers/stabilizers, placers, and cold planers; and landfill compactors, and bridge inspection and utility equipment, including digger derricks, aerial devices, and cable placers. The company sells its products through dealers and distributors; and leases and rents equipment to third parties. It was formerly known as Terex U.S.A., Inc. The company was founded in 1925 and is based in Westport, Connecticut.
Rino International Corporation (NASDAQ: RINO) operates as an environmental protection and remediation company. It engages in designing, manufacturing, installing, and servicing wastewater treatment and flue gas desulphurization equipment principally for use in iron and steel industry in the People's Republic of China. The company also offers anti-oxidation products and equipment for use in the manufacture of hot rolled steel plate products. Its products include Lamella Inclined Tube Settler Wastewater Treatment System, an industrial waste water treatment system; Circulating, Fluidized Bed, Flue Gas Desulphurization System that removes particulate sulphur from flue gas emissions generated by the sintering process in the production of iron and steel; and High Temperature Anti-Oxidation System for Hot Rolled Steel to reduce oxidation-related output losses in the production of continuous cast, hot rolled steel. In addition, Rino International provides contract machining services for third-party industrial enterprises. The company was founded in 2003 and is headquartered in Dalian, the People's Republic of China.
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