WYNN, IBN, CAT, ACH, PWRD, FUQI. 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. Wynn Resorts (NASDAQ: WYNN), ICICI Bank (NYSE: IBN), Caterpillar (NYSE: CAT), Aluminum Corp of China (NYSE: ACH), Perfect World (NASDAQ: PWRD) and Fuqi International (NASDAQ: FUQI). 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
WYNN $2.63 7.26% 285,920 52.92% 250,021 46.27% 35,899 136
IBN $2.48 8.14% 340,039 47.75% 289,955 40.72% 50,084 202
CAT $2.34 6.88% 1,660,841 40.79% 1,321,323 32.45% 339,518 1,451
ACH $1.89 7.56% 154,364 45.28% 132,404 38.84% 21,960 116
PWRD $1.81 5.70% 404,580 56.86% 294,829 41.43% 109,751 606
FUQI $1.67 8.42% 347,716 58.63% 231,796 39.08% 115,920 694
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 WYNN with a dollar gain this morning of +$2.63 and a Friction Factor of 136 shares. That means that it only takes 136 more shares of buying than selling to move WYNN 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.
Wynn Resorts, Limited (NASDAQ: WYNN), together with its subsidiaries, engages in the development, ownership, and operation of destination casino resorts. The company owns and operates Wynn Las Vegas casino resort in Las Vegas, which includes 22 food and beverage outlets comprising 6 dining restaurants, 2 nightclubs, 1 spa and salon, 1 Ferrari and Maserati automobile dealership, wedding chapels, an 18-hole golf course, meeting space, and foot retail promenade featuring boutiques. As of December 31, 2008, Wynn Las Vegas casino resort featured 135 table games, 1 baccarat salon, private VIP gaming rooms, 1 poker room, 1,935 slot machines, and 1 race and sports book. It also owns and operates an Encore at Wynn Las Vegas resort; and Wynn Macau casino resort located in the Macau Special Administrative Region of the Peoplea�s Republic of China. Wynn Macau casino resort featured 370 table games, 1,250 slot machines, 5 restaurants, 1 spa and salon, lounges, meeting facilities, and retail space featuring boutiques. Encore at Wynn Las Vegas operated 95 table games, 1 baccarat salon, private VIP gaming rooms, 835 slot machines, and 1 sports book. The company was founded in 2002 and is based in Las Vegas, Nevada.
ICICI Bank Limited (NYSE: IBN) provides banking products and financial services in the areas of investment banking, life and non-life insurance, venture capital, and asset management to corporate and retail customers. It offers savings accounts, fixed deposits, security deposits, recurring deposits, child education plans, salary accounts, EEFC accounts, and resident foreign currency accounts; and consumer and commercial cards. The company also provides home loans, automobile loans, commercial business loans, two wheeler loans, personal loans, and credit cards, as well as dealer funding and financing products, and loans against securities and gold. In addition, it offers tax saving bonds, government of India bonds, mutual funds, initial public offers, investment in gold, foreign exchange services, and senior citizens savings schemes; and health, overseas travel, student medical, motor, home, and life insurance products. Further, the company provides dematerialization services; NRI services, such as accounts, money transfer, investments, property solutions, and loans; and online services, such as bill payment, shopping, ticket booking, account to card transfer, prepaid mobile recharge, share trading, money order, and customer services. Additionally, it offers business services, which include transaction banking, treasury banking, investment banking, capital market, custodial, international banking, rural and agri banking, structured finance, and technology finance; and kiosk banking, inquiry card, payment cards, phone and mobile banking, and online tax services, as well as cash management services, business loans, current accounts, trade, and other services for small and medium sized enterprises. As of March 31, 2009, the company had a network of 1,419 branches and extension counters, and 4,713 ATMs in India and internationally. ICICI Bank Limited was founded in 1955 and is based in Mumbai, India.
Caterpillar Inc. (NYSE: CAT) manufactures and sells construction and mining equipment, diesel and natural gas engines, and industrial gas turbines worldwide. Its Machinery business engages in the design, manufacture, marketing, and sale of construction, mining, and forestry machinery, such as track and wheel tractors, track and wheel loaders, pipelayers, motor graders, wheel tractor-scrapers, track and wheel excavators, backhoe loaders, log skidders, log loaders, off-highway trucks, articulated trucks, paving products, skid steer loaders, and related parts. This business also involves in the design, manufacture, remanufacture, maintenance, and services of rail-related products, as well as offers logistics services. The companya�s Engines business designs, manufactures, markets, and sells engines for its machinery; electric power generation systems; on-highway vehicles and locomotives; marine, petroleum, construction, industrial, agricultural, and other applications; and related parts. This business also remanufactures engines, and various machine and engine components, as well as provides remanufacturing services for other companies. Its Financial Products business provides various financing alternatives to customers and dealers for the companya�s machinery and engines, solar gas turbines, and other equipment and marine vessels, as well as offers loans to customers and dealers. This business also provides various forms of insurance to customers and dealers to support the purchase and lease of its equipment; and invests in independent power projects using Caterpillara�s power generation equipment and services. Caterpillar, Inc. markets its products through distribution centers. The company was formerly known as Caterpillar Tractor Co. and changed its name to Caterpillar, Inc. in 1986. Caterpillar was founded in 1925 and is headquartered in Peoria, Illinois.
Aluminum Corporation of China Limited (NYSE: ACH) and its subsidiaries engage in bauxite mining, alumina refining, and aluminum smelting businesses in the Peoplea�s Republic of China. Its principal products include alumina, primary aluminum, aluminum fabricated products, gallium, and carbon-related products. The companya�s Alumina segment involves in mining and purchasing bauxite and other raw materials, refining bauxite into alumina, and selling alumina. This segment also produces and sells chemical alumina, including alumina hydrate, alumina chemicals, and gallium. Its Primary Aluminum segment engages in procuring alumina and other raw materials, supplemental materials and electricity power, and smelting alumina to produce primary aluminum; selling primary aluminum products; and producing and selling carbon products and aluminum-alloy products. The companya�s Aluminum Fabrication segment involves in purchasing primary aluminum; other raw materials; supplemental materials and electricity power; and further processing primary aluminum for the production and sale of aluminum fabricated products, including casts, planks, screens, extrusions, forges, powder, and die castings. Aluminum Corporation of China Limited also engages in providing design services and consulting services; providing repair and maintenance services for electrical plant and machinery; manufacturing and distributing alumina ceramic products and electronic products; and processing and distributing non ferrous metals; alumina importing and exporting operations. The company was founded in 2001 and is based in Beijing, China. Aluminum Corporation of China Limited is a subsidiary of Aluminum Corporation of China.
Perfect World Co., Ltd. (NASDAQ: PWRD), through its subsidiaries, engages in the research, development, operation, and licensing of online games in the Peoplea�s Republic of China, the United States, and the Cayman Islands. It develops online games based on its game engines and game development platforms. The companya�s 3D massively multiplayer online role playing games (MMORPGs) include Perfect World, an adventure and fantasy game with traditional Chinese settings; Legend of Martial Arts, an adventure story of Chinese swordsmen set in an ancient kingdom; and Perfect World II, which is set in a similar content and graphic background as Perfect World. It also offers Zhu Xian that is based on martial arts focused adventure set in a fantasy world; Chi Bi, a war story developed based on ancient Chinese history known as the Three Kingdoms; Hot Dance Party, a 3D online casual game; Pocketpet Journey West, a 3D MMORPG based on the classical novel of Chinese literature, Journey to the West; and Battle of the Immortals, a mysterious adventure, which enables game players to travel between eastern and western cultures, and adventures in historic sites and turf wars. Perfect World Co., Ltd. was founded in 2004 and is based in Beijing, the Peoplea�s Republic of China.
Fuqi International, Inc. (NASDAQ: FUQI), through its subsidiaries, engages in designing, developing, promoting, and selling precious metal jewelry in the Peoplea�s Republic of China. The company offers basic gold jewelry, as well as a range of products, including rings, bracelets, necklaces, earrings, and pendants made from precious metals, such as platinum, gold, palladium, and karat gold. It also manufactures jewelry with diamond and other precious stone inlays, as well as gold coins and gold bars. Fuqi International sells its products primarily to the national and provincial distributors. The company was founded in 2001 and is headquartered in Shenzhen, the Peoplea�s Republic of China.
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