BUYINS.NET: Market Maker Surveillance Report. Top 6 Abnormal Price Friction Stocks For March 17, 2009
TGI | Quote | Chart | News | PowerRating -- BUYINS.NET, www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for March 17, 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 Tuesday there were 2,889 companies with "abnormal" market making, 4,357 companies with positive Friction Factors and 1,686 companies with negative Friction Factors. Here is a list of the top 6 companies with the Abnormal Price Friction (unfair market) in their stock prices. This means that there was more buying than selling in the stocks and their stock prices dropped. Energy Conversion Devices (NASDAQ: ENER | Quote | Chart | News | PowerRating), ResMed (NYSE: RMD | Quote | Chart | News | PowerRating), Assisted Living Concepts (NYSE: ALC | Quote | Chart | News | PowerRating), Medicis Pharmaceutical Corp (NYSE: MRX | Quote | Chart | News | PowerRating), Triumph Group (NYSE: TGI | Quote | Chart | News | PowerRating) and Sunoco (NYSE: SUN | Quote | Chart | News | PowerRating). 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
ENER -$4.18 -22.68% 5,509,967 50.20% 5,261,435 47.93% 248,532 abnormal
RMD -$2.40 -6.65% 1,682,037 41.07% 1,489,641 36.38% 192,396 abnormal
ALC -$2.26 -15.32% 68,351 36.25% 54,189 28.74% 14,162 abnormal
MRX -$2.09 -20.47% 341,019 52.25% 185,510 28.42% 155,509 abnormal
TGI -$1.30 -3.50% 114,394 46.92% 93,713 38.44% 20,681 abnormal
SUN -$1.16 -4.13% 1,476,862 38.38% 1,438,761 37.39% 38,101 abnormal
Click here to view chart: http://www.buyins.com/ff/ffabnl3-17-09.jpg
Analysis of the Friction Factor chart above shows that each of the six stocks mentioned above had more buying than selling on Tuesday 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 ENER with 248,532 greater shares of buying than selling (NetVol) and the stock price was down -$4.18. 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.
Energy Conversion Devices, Inc. (NASDAQ: ENER | Quote | Chart | News | PowerRating) commercializes materials, products, and production processes for the alternative energy generation, energy storage, and information technology markets. The company operates in two segments: United Solar Ovonic and Ovonic Materials. The United Solar Ovonic segment designs, manufactures, and sells proprietary thin-film solar (photovoltaic or PV) modules for converting sunlight into electricity. It sells these PV modules to commercial roofing materials manufacturers, builders and building contractors, and solar power installers/integrators. The Ovonic Materials segment invents, designs, and develops materials and products based on its materials science technology comprising NiMH materials and consumer battery technology. This segment also sells positive electrode nickel hydroxide materials for use in NiMH batteries. The company operates in the United States, Germany, France, Italy, South Korea, Hong Kong, Japan, and China. Energy Conversion Devices was founded in 1960 and is headquartered in Rochester Hills, Michigan.
ResMed, Inc. (NYSE: RMD), through its subsidiaries, engages in the design, manufacture, and marketing of equipment for the diagnosis and treatment of sleep-disordered breathing and other respiratory disorders. Its portfolio of products for the treatment of obstructive sleep apnea and other forms of sleep-disordered breathing include airflow generators, diagnostic products, mask systems, headgear, and other accessories, such as cold passover humidifiers, carry bags, and breathing circuits. The company also offers data communications and control products, such as the ResLink, ResControl, ResControl II, TxControl, ResScan, and ResTraxx modules that facilitate the transfer of data and other information to and from the flow generators. ResMed, Inc. sells its products worldwide through a network of distributors, independent manufacturers' representatives, and direct sales force. The company was founded in 1989 and is based in Poway, California.
Assisted Living Concepts, Inc. (NYSE: ALC), together with its subsidiaries, operates assisted living residences for the senior living industry in the United States. It offers general services consisting of meals, activities, laundry, and housekeeping; support services, including assistance with medication, monitoring health status, coordination of transportation, and coordination with physician offices; and personal care, such as dressing, grooming, and bathing. The company also arranges access to additional services from third-party providers, including physical therapy, occupational and respiratory therapy, home health, hospice, and pharmacy services. As of December 31, 2007, Assisted Living Concepts operated 208 assisted living residences comprising 8,535 units in 17 states. The company was founded in 1994 and is headquartered in Menomonee Falls, Wisconsin.
Medicis Pharmaceutical Corporation (NYSE: MRX | Quote | Chart | News | PowerRating) operates as a specialty pharmaceutical company in the United States and Canada. It develops and markets products for the treatment of dermatological, aesthetic, and podiatric conditions. The company's products address various conditions or aesthetic improvements, including facial wrinkles, acne, fungal infections, rosacea, hyperpigmentation, photoaging, psoriasis, skin and skin-structure infections, seborrheic dermatitis, and cosmesis. Its products include DYNACIN for the treatment of acne and acne-related dermatological conditions; PLEXION, a cleanser product; SOLODYN for the treatment of inflammatory lesions; TRIAZ, a benzoyl peroxide pad for the topical treatment of acne vulgaris; and ZIANA, a gel used on the skin for treatment of acne in patients 12 and older. The company also offers LOPROX, a shampoo; PERLANE and RESTYLANE for the correction of moderate to severe facial folds and wrinkles, such as nasolabial folds; and VANOS, a corticosteroid indicated for the relief of the inflammatory and pruritic manifestations of corticosteroid responsive dermatoses. In addition, Medicis Pharmaceutical provides non-dermatological products, including AMMONUL for treating hepatic encephalopathies; and BUPHENYL for the treatment of urea cycle disorder. The company sells its products primarily to wholesale pharmaceutical distributors and retail pharmacy chains. It has a joint development agreement with IMPAX Laboratories, Inc. to develop of five strategic dermatology product opportunities, including an advanced-form SOLODYN product; a strategic alliance with AAIPharma, Inc. for the development, commercialization, and license of a key dermatologic product, SOLODYN; and a strategic collaboration with Hyperion Therapeutics, Inc. for the research and development of a compound referred to as GT4P for the treatment of urea cycle disorder and hepatic encephalopathies. The company was founded in 1987 and is headquartered in Scottsdale, Arizona.
Triumph Group, Inc. (NYSE: TGI), through its subsidiaries, engages in the design, engineering, manufacture, repair, overhaul, and distribution of aircraft components. It primarily offers aircraft and engine accessories, structural components and assemblies, non-structural composite components, auxiliary power units, avionics, and aircraft instruments. The company operates in two segments, Aerospace Systems and Aftermarket Services. The Aerospace Systems segment offers hydraulic systems and components, main engine gearbox assemblies, accumulators, mechanical control cables, high lift actuation systems, landing gear actuation systems, primary and secondary flight control systems, thermal management systems, and wing spars and stringers. Its products also include floor beams, landing gear components and assemblies, composite assemblies for floor panels, environmental control system ducts, and non-structural cockpit components. In addition, this segment involves in stretch forming, die forming, milling, bonding, machining, welding and assembly, and fabrication of various structural components used in aircraft wings, fuselages, and other assemblies. The Aftermarket Services segment provides maintenance, repair, and overhaul services for auxiliary power units, air frames, thrust reversers, nacelle components, flight control surfaces, ground support equipment, integrated drive generators and air-cycle machines, and engine accessories, including main engine fuel pumps, constant-speed drives, cabin compressors, starters and generators, and pneumatic drive units. It also offers repair and overhaul services, and spare parts for various types of cockpit instruments and gauges for commercial airlines. The company serves original equipment manufacturers of commercial, regional, business, and military aircraft components, as well as commercial airlines, third-party repair and overhaul providers, and air cargo carriers. Triumph Group was founded in 1993 and is based in Wayne, Pennsylvania.
Sunoco, Inc. (NYSE: SUN), through its subsidiaries, manufactures and markets various petroleum products, including fuels, lubricants, and petrochemicals in the United States. It also manufactures, distributes, and markets commodity and intermediate petrochemicals; and has interests in logistics and cokemaking businesses. The company operates in five segments: Refining and Supply, Retail Marketing, Chemicals, Logistics, and Coke. Refining and Supply segment manufactures petroleum products, including gasoline; middle distillates, such as jet fuel, heating oil, and diesel fuel; and residual fuel oil. It also produces commodity petrochemicals, including olefins and their derivatives, such as ethylene, ethylene oxide polymers, and refinery-grade propylene; and aromatics and their derivatives comprising benzene, cumene, cyclohexane, toluene, and xylene. This segment also manufactures petroleum and lubricant products. It sells these products primarily to wholesale and industrial customers. Retail Marketing segment engages in the retail sale of gasoline and middle distillates, as well as the operation of convenience stores in 26 states, primarily on the East Coast and in the Midwest region of the United States. Chemicals segment manufactures, distributes, and markets commodity and intermediate petrochemicals, such as phenol, acetone, bisphenol-A, and other phenol derivatives, as well as polypropylene. Logistics segment operates refined product and crude oil pipelines and terminals, and conducts crude oil acquisition and marketing activities primarily in the northeast, midwest, and south central regions. As of December 31, 2008, the company owned and operated approximately 3,800 miles of crude oil pipelines and approximately 2,200 miles of refined product pipelines. Coke segment operates metallurgical coke plants and metallurgical coal mines, and manufactures metallurgical coke for use in the steel industry. Sunoco was founded in 1886 and is based in Philadelphia, Pennsylvania.
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For full details on Sunoco Inc (SUN) SUN. Sunoco Inc (SUN) has Short Term PowerRatings at TradingMarkets. Details on Sunoco Inc (SUN) Short Term PowerRatings is available at This Link.
For full details on Resmed Inc (RMD) RMD. Resmed Inc (RMD) has Short Term PowerRatings at TradingMarkets. Details on Resmed Inc (RMD) Short Term PowerRatings is available at This Link.
For full details on Energy Conversn Devices (ENER) ENER. Energy Conversn Devices (ENER) has Short Term PowerRatings at TradingMarkets. Details on Energy Conversn Devices (ENER) Short Term PowerRatings is available at This Link.
For full details on Medicis Pharmaceutical A (MRX) MRX. Medicis Pharmaceutical A (MRX) has Short Term PowerRatings at TradingMarkets. Details on Medicis Pharmaceutical A (MRX) Short Term PowerRatings is available at This Link.
For full details on Triumph Group Inc (TGI) TGI. Triumph Group Inc (TGI) has Short Term PowerRatings at TradingMarkets. Details on Triumph Group Inc (TGI) Short Term PowerRatings is available at This Link.
For full details on Assisted Living Concepts Inc. (ALC) ALC. Assisted Living Concepts Inc. (ALC) has Short Term PowerRatings at TradingMarkets. Details on Assisted Living Concepts Inc. (ALC) Short Term PowerRatings is available at This Link.
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