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BUYINS.NET: Market Maker Surveillance Report. Top 6 Losing Stocks With Lowest Price Friction For May 8, 2009
May 11, 2009 (M2 PRESSWIRE via COMTEX) --
BUYINS.NET, www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for May 8, 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 "fair market making" requirement is designed to prevent market makers from manipulating stock prices. On Friday there were 3,057 companies with "abnormal" market making, 4,935 companies with positive Friction Factors and 1,328 companies with negative Friction Factors. Here is a list of the top 6 companies with the largest dollar loss per share Friday and low price friction (bearish). This means that there was more selling than buying in the stocks and their stock prices dropped faster with less Friction. First Solar (NASDAQ: FSLR), Longtop Financial Technologies (NYSE: LFT), International Rectifier Corp (NYSE: IRF), DryShips (NASDAQ: DRYS), Weight Watchers Interntaional (NYSE: WTW) and Shanda Interactive Entertainment (NASDAQ: SNDA). 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
FSLR -$4.29 -2.20% 1,284,892 48.22% 1,362,798 51.14% -77,906 -182
LFT -$3.12 -12.15% 514,054 34.75% 646,828 43.72% -132,774 -426
IRF -$2.66 -16.35% 1,262,813 34.94% 1,391,291 38.50% -128,478 -483
DRYS -$2.06 -20.52% 41,435,959 45.32% 49,260,063 53.88% -7,824,104 -37,981
WTW -$2.03 -7.67% 448,572 35.67% 554,467 44.09% -105,895 -522
SNDA -$1.90 -3.83% 692,699 44.60% 818,459 52.69% -125,760 -662
Click here to view chart: http://www.buyins.com/ff/fftopl5-8-09.jpg
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 FSLR with a dollar loss Friday of -$4.29 and a Friction Factor of -182 shares. That means that it only took 182 more shares of selling than buying to move FSLR 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.
First Solar, Inc. (NASDAQ: FSLR) engages in the design, manufacture, and sale of solar electric power modules using a proprietary thin film semiconductor technology. The company's solar modules employ a thin layer of cadmium telluride semiconductor material to convert sunlight into electricity. It sells its products to project developers, system integrators, and operators of renewable energy projects in the United States and Europe. First Solar also focuses on designing and deploying commercial solar projects for utilities in the United States. The company was formerly known as First Solar Holdings, Inc. and changed its name to First Solar, Inc. in 2006. First Solar was founded in 1999 and is headquartered in Tempe, Arizona.
Longtop Financial Technologies Limited (NYSE: LFT), together with its subsidiaries, develops software and provides information technology (IT) services to financial services industry in the People's Republic of China. It engages in the development, licensing, and support of software solutions; provision of maintenance, support, and other services; and provision of system integration services related to the procurement and sale of third party hardware and software. The company offers software solutions in the various categories, including channel-related solutions, business-related solutions, management-related solutions, and other value-added solutions. Its channel-related solutions enable banks to interact with their customers through various channels, such as automated teller machines (ATM), bank tellers, call centers, and online banking. The company's business-related solutions are directed at executing banking transactions, including international trade finance, payments and settlements, and credit card operations. Its management-related solutions support a financial institution's internal operations and management, such as business intelligence, enterprise resource management, work-flow management, and credit and risk management. The company's other value-added solutions address its banking and non-banking clients' IT needs, such as payroll management for public sector employees. It also offers other services to address banking needs unrelated to software development, including ATM maintenance services, system integration services, and other value-added consulting services regarding configuration and system change management, security management, crisis management, and information technology asset management. Longtop Financial Technologies Limited also provides various consulting and supplementary technology-related services. The company was founded in 1996 and is headquartered in Xiamen, the People's Republic of China.
International Rectifier Corporation (NYSE: IRF) designs, manufactures, and markets power management semiconductors. Its Power Management Devices segment provides discrete power MOSFETs for use in power supply; automotive; and notebook, industrial, and commercial battery powered applications. The company's Energy-Saving Products segment offers HVICs, digital control ICs, intelligent power switch ICs, micro-electronic relay ICs, motion control modules, high voltage DirectFET, and IGBTs for washing machines, refrigerators, air conditioners, fans, pumps, compressors, various lighting products, and consumer applications. Its Aerospace and Defense segment provides RAD-Hard power management modules, RAD-Hard power MOSFETs, RAD-Hard ICs, and other power components for satellites, launch vehicles, aircraft, ships, submarines, and other defense applications. The company's Enterprise Power segment offers low-voltage ICs, including XPhase, SupIRBuck, DirectFET, and Power MOSFETs that focus on data center applications and communication infrastructure equipment end markets. Its PowerStage segment offers iPOWIR that combines multiple power semiconductors, ICs, and passive elements into a single thermally enhanced package. This segment offers its products for computers, switchers and routers, servers, and game stations. The company's Intellectual Property segment designs and develops new value-added products for licensing. Its Transition Services segment offers transition services, including wafer fabrication, assembly, product supply, test, and other manufacturing related support services. The company's customers include original equipment manufacturers, distributors, and contract manufacturers. International Rectifier Corporation sells its products in the United States, Asia, and Europe through in-house sales employees, external sales representatives, and distributors. The company was founded in 1947 and is based in El Segundo, California.
DryShips Inc. (NASDAQ: DRYS) engages in the ownership and operation of drybulk carriers worldwide. Its fleet carries various drybulk commodities, including coal, iron ore, grains, bauxite, phosphate, fertilizers, and steel products. As of March 26, 2009, the company owned and operated a fleet of 40 drybulk carriers comprising 7 Capesize, 29 Panamax, 2 Supramax, and 2 newbuilding drybulk vessels, which have a combined deadweight tonnage of approximately 3.3 million. It also owned and operated two ultra-deep water semi-submersible drilling rigs and two ultra deep-water newbuilding drillships. The company was founded in 2004 and is based in Athens, Greece.
Weight Watchers International, Inc. (NYSE: WTW) provides weight management services worldwide. It offers various services and products that are built upon weight management plans comprising nutritional, exercise, and behavioral tools and approaches. The company, through its WeightWatchers.com offerings, provides two Internet subscription products, Weight Watchers Online and Weight Watchers eTools. Weight Watchers Online provides online content, functionality, resources, and interactive Web based weight management plans. Weight Watchers eTools is an Internet weight management tool for the Weight Watchers meetings members that helps to manage the day-to-day aspects of weight management plan online. Weight Watchers International also sells proprietary products that complement its weight management plans, such as bars, snacks, cookbooks, POINTS value guides, Weight Watchers magazines, and POINTS calculators. The company sells its products through meeting operations and to its franchisees. It has a joint venture agreement with Danone Dairy Asia to establish a weight management business in the People's Republic of China. Weight Watchers International was founded in 1961 and is headquartered in New York, New York.
Shanda Interactive Entertainment Limited (NASDAQ: SNDA), an interactive entertainment media company, operates online games in the People's Republic of China. It offers a portfolio of entertainment content, including massively multi-player online role playing games (MMORPGs), which comprise Latale, Dungeons and Dragons Online, Fengyun Online, and World Hegemony. These MMORPGs are action-adventure based, and draw upon various themes, such as martial arts, combat, fantasy adventure, and historical. The company's portfolio of entertainment content also includes Kung Fu Kids, Tales Runner, Push Push Online, and Popland casual games; Chinese language original literature portals consisting of Qidian, Jinjiang Literature City, and Hongxiu.com; and online chess and board games. In addition, its portfolio of entertainment content includes a network personal computer (PC) game platform, which allows users of PC games to find and connect through the Internet with other players of the same PC games; and mobile games, including the mobile versions of Woool and Magical Land. The company offers Shanda Online (SDO), a community and an online entertainment content e-commerce service platform, which consists of an online payment and billing system, a distribution network, and a marketing platform, as well as a customer relationship management system, including a customer information management system and customer service center; EZ Center interactive entertainment platform; and EZ Pod hardware product. It markets its games through traditional and online marketing programs and promotional activities comprising in-game events, in-game marketing, peer user recommendation program, open beta testing, and offline efforts, as well as through word-of-mouth. The company has strategic cooperation agreement with Kingsoft Co., Ltd. and collaboration agreement with Zhejiang Satellite Television. Shanda Interactive Entertainment Limited was founded in 1999 and is based in Shanghai, the People's Republic of China.
About BUYINS.NET
WWW.BUYINS.NET is a service designed to help bonafide shareholders of publicly traded US companies fight naked short selling. Naked short selling is the illegal act of short selling a stock when no affirmative determination has been made to locate shares of the stock to hypothecate in connection with the short sale. Buyins.net has built a proprietary database that uses Threshold list feeds from NASDAQ, AMEX and NYSE to generate detailed and useful information to combat the naked short selling problem. For the first time, actual trade by trade data is available to the public that shows the attempted size, actual size, price and average value of short sales in stocks that have been shorted and naked shorted. This information is valuable in determining the precise point at which short sellers go out-of-the-money and start losing on their short and naked short trades.
BUYINS.NET has built a massive database that collects, analyzes and publishes a proprietary SqueezeTrigger for each stock that has been shorted. The SqueezeTrigger database of nearly 2,550,000,000 short sale transactions goes back to January 1, 2005 and calculates the exact price at which the Total Short Interest is short in each stock. This data was never before available prior to January 1, 2005 because the Self Regulatory Organizations (primary exchanges) guarded it aggressively. After the SEC passed Regulation SHO, exchanges were forced to allow data processors like Buyins.net to access the data.
The SqueezeTrigger database collects individual short trade data on over 7,000 NYSE, AMEX and NASDAQ stocks and general short trade data on nearly 8,000 OTCBB and PINKSHEET stocks. Each month the database grows by approximately 50,000,000 short sale transactions and provides investors with the knowledge necessary to time when to buy and sell stocks with outstanding short positions. By tracking the size and price of each month's short transactions, BUYINS.NET provides institutions, traders, analysts, journalists and individual investors the exact price point where short sellers start losing money and a short squeeze can begin.
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