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Market Maker Friction Factor is shown in the chart below:
Symbol Change % BuyVol Buy% SellVol Sell% NetVol Friction
CIM -$0.25 -7.69% 36,821,559 37.39% 42,180,663 42.83% -5,359,104 -214,364
XTLB -$0.05 -37.69% 2,109,956 38.50% 3,390,652 61.87% -1,280,696 -256,139
DSCO -$0.25 -10.78% 6,071,058 45.11% 7,243,500 53.83% -1,172,442 -46,898
AUY -$0.42 -5.15% 6,098,693 41.71% 7,249,912 49.58% -1,151,219 -27,410
LVS -$0.35 -6.80% 10,777,606 42.84% 11,771,905 46.80% -994,299 -28,409
CDE -$0.07 -5.98% 4,072,925 45.58% 4,898,162 54.81% -825,237 -117,891
Click here to view chart: http://www.buyins.com/ff/ffnvdn4-16-09.jpg
Analysis of the Friction Factor chart above shows that each of the six stocks mentioned above have low price friction combined with more selling than buying (negative Net Volume) 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 CIM down -$0.25 with a Friction Factor of -214,364 and a Net Volume of -5,359,104. That means that it takes 214,364 more shares of selling than buying to drop CIM by one penny. On Thursday the Market Makers allowed the stock to move down on heavier selling than buying (low negative friction).
Chimera Investment Corporation (NYSE: CIM), a real estate investment trust, invests in residential mortgage backed securities (RMBS), residential mortgage loans, real estate-related securities, asset backed securities (ABS), and various other asset classes in the United States. It invests in agency and non-agency RMBS; whole mortgage loans comprising prime, jumbo prime, and Alt-A mortgage loans; and ABS, including debt and equity tranches of CDOs, consumer and non-consumer ABS, and commercial mortgage backed securities. The company has elected to be treated as a REIT for federal income tax purposes and would not be subject to income tax, if it distributes at least 90% of its REIT taxable income to its share holders. Chimera Investment Corporation was founded in 2007 and is based in New York, New York.
XTL Biopharmaceuticals, Ltd. (NASDAQ: XTLB), a biopharmaceutical company, engages in the acquisition and development of therapeutics for the treatment of diabetic neuropathic pain and HCV. Its lead compound, Bicifadine, is a serotonin and norepineprine reuptake inhibitor, which is in Phase 2b clinical trial for the treatment of diabetic neuropathic pain, a chronic condition resulting from damage to peripheral nerves. The company's other development program, Diversity Oriented Synthesis, is focused on the development of novel pre-clinical hepatitis C small molecule inhibitors. XTL Biopharmaceuticals has strategic alliances with DOV, VivoQuest, and Presidio. The company was founded in 1993 as Xenograft Technologies, Ltd. and changed its name to XTL Biopharmaceuticals, Ltd. in 1995. XTL Biopharmaceuticals is headquartered in Valley Cottage, New York.
Discovery Laboratories, Inc. (NASDAQ: DSCO), together with its subsidiaries, operates as a biotechnology company that develops proprietary surfactant technology as Surfactant Replacement Therapies (SRT) for respiratory disorders and diseases. Surfactants are produced naturally in the lungs and are essential for breathing. Its products include Surfaxin (lucinactant), which is used for the prevention of respiratory distress syndrome in premature infants, as well as for the prevention of bronchopulmonary dysplasia in premature infants; and Aerosurf, which is used for the prevention and treatment of respiratory failure in infants. The company also provides its products for the treatment of acute respiratory failure, cystic fibrosis, acute lung injury, acute respiratory distress syndrome, chronic obstructive pulmonary disorder, asthma, and other debilitating respiratory conditions. It has strategic alliances with Chrysalis Technologies to develop and commercialize aerosolized SRT for various respiratory conditions; and Laboratorios del Dr. Esteve, S.A. to develop, market, and sell Surfaxin in Europe, and Central and South America. The company was founded in 1992 and is headquartered in Warrington, Pennsylvania.
Yamana Gold, Inc. (NYSE: AUY | Quote | Chart | News | PowerRating) engages in the acquisition, exploration, development, and operation of gold properties. The company also focuses on copper and silver projects. It holds gold production, gold development stage, and exploration stage properties, as well as land positions in Brazil, Argentina, Chile, Mexico, and central America. The company has seven operating mines and five development projects. Its principal operations include the Chapada, a copper/gold mine located in the state of Goias, Brazil; and the El Penon mine located in the Atacama desert in Region II of northern Chile. The company was founded in 2003 and is headquartered in Toronto, Canada.
Las Vegas Sands Corp. (NYSE: LVS | Quote | Chart | News | PowerRating) 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 People'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.
Coeur d'Alene Mines Corporation (NYSE: CDE | Quote | Chart | News | PowerRating) 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 d'Alene, Idaho.
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