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SPNG, JPM, DHI, XOMA, NTAP, GFG: Top 6 Highest Net Buy Volume With Lowest Price Friction Stocks For June 8, 2009

^{Published on 2009-06-08 21:36:56, Last Modified on 2010-12-22 14:10:57 - WOPRAI}
 

June 9, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for June 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 Monday there were 3,471 companies with abnormal market making, 1,991 companies with positive Friction Factors and 3,584 companies with negative Friction Factors. Here is a list of the top 6 companies with the highest net buy volume on Monday 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. SpongeTech Delivery Systems (OTCBB: SPNG), JP Morgan Chase (NYSE: JPM), DR Horton (NYSE: DHI), XOMA Ltd. (NASDAQ: XOMA), NetApp (NASDAQ: NTAP) and Guaranty Financial Group (NYSE: GFG). 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

SPNG $0.04 39.86% 131,626,816 52.65% 118,477,215 47.39% 13,149,601 3,295,639

JPM $0.95 2.75% 27,165,331 44.16% 22,902,243 37.23% 4,263,088 44,875

DHI $0.45 4.89% 5,571,956 51.80% 3,688,041 34.29% 1,883,915 41,865

XOMA $0.12 11.32% 15,064,420 53.02% 13,370,750 47.06% 1,693,670 141,139

NTAP $0.16 0.85% 5,722,716 57.97% 4,056,522 41.09% 1,666,194 104,137

GFG $0.11 37.93% 4,793,084 57.89% 3,456,695 41.75% 1,336,389 121,490

Click here to view chart:

Analysis of the Friction Factor chart above shows that each of the six stocks mentioned above have high net buy volumes (buy volume " sell volume) and 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 SPNG with a Net Buy Volume of 13,149,601 shares and a Friction Factor of 3,295,639 shares. That means that it takes 3,295,639 more shares of buying than selling to move SPNG higher by one penny. This means the Market Makers are allowing the stock to move up higher as of Monday (with less price friction). And with one of the highest Net Buy Volumes, the combination of price friction and high net buy volume is bullish.

SpongeTech Delivery Systems, Inc. (OTCBB: SPNG) designs, produces, and markets unique lines of reusable cleaning products for car care, child care, home care, and pet care usages. These sponge-like products utilize SpongeTech's proprietary, patent (and patent-pending) technologies, and other technologies involving hydrophilic (liquid absorbing) foam, polyurethane matrices, or other ingredients. The company's sponge-like products are pre-loaded with specially formulated ingredients, such as soap, conditioner, and/or wax that are released when the sponge is soaked and applied to a surface with minimal pressure. SpongeTech Delivery Systems is exploring additional applications for its technology in the health, beauty, and medical markets. It plans to globally brand its company as America's Cleaning Company. The company was founded in 1999 and is based in New York, New York.

JPMorgan Chase & Co. (NYSE: JPM), a financial holding company, provides a range of financial services worldwide. It operates in six segments: Investment Bank, Commercial Banking, Treasury & Securities Services, Asset Management, Retail Financial Services, and Card Services. Investment Bank segment provides investment banking products and services, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market-making in cash securities and derivative instruments, and prime brokerage and research. It serves corporations, financial institutions, governments, and institutional investors. Retail Financial Services segment offers regional banking, mortgage banking, and auto finance services that include checking and savings accounts, mortgages, home equity and business loans, and investments through bank branches, ATMs, online banking, and telephone banking. Card Services segment issues credit cards and processes MasterCard and Visa payments. Commercial Banking segment provides lending, treasury services, investment banking, and asset management services to corporations, municipalities, financial institutions, and not-for-profit entities. Treasury and Securities Services segment offers transaction, investment, and information services. It also offers cash management, trade, wholesale card, and liquidity products and services to small and mid-sized companies, multinational corporations, financial institutions, and government entities. Asset Management segment provides investment and wealth management services to institutions, retail investors, and high-net-worth individuals. It also offers global investment management in equities, fixed income, real estate, hedge funds, private equity, and liquidity, including money market instruments and bank deposits; provides trust and estate, banking, and brokerage services; and retirement services. JPMorgan Chase & Co. was founded in 1823 and is headquartered in New York, New York.

D.R. Horton, Inc. (NYSE: DHI) operates as a homebuilding company in the United States. The company�s homebuilding business engages in the acquisition and development of land for residential purposes, and construction and sale of residential homes. It builds traditional single-family detached homes and attached homes, such as town homes, duplexes, triplexes, and condominiums. D.R. Horton constructs and sells homes in 27 states and 77 metropolitan markets in the United States under the name D.R. Horton, America�s Builder�. It markets and sells homes through commissioned employees and independent real estate brokers. The companys financial services business offers mortgage financing and title agency services to homebuyers, as well as provides title insurance policies, examination, and closing services primarily to purchasers of homes. D.R. Horton originates, packages, and sells mortgage loans and their servicing rights to third-party investors, after origination on a limited recourse provisions. The company was founded in 1978 and is based in Fort Worth, Texas.

XOMA Ltd. (NASDAQ: XOMA), a biopharmaceutical company, engages in the discovery, development, and manufacture of therapeutic antibodies and other agents to treat inflammatory, autoimmune, infectious, and oncological diseases. The company receives royalties on three approved products: RAPTIVA, which is marketed globally for the treatment of chronic moderate-to-severe plaque psoriasis; LUCENTIS, which is marketed globally for the treatment of neovascular (wet) age-related macular degeneration; and CIMZIA, which is approved in the U.S. and Switzerland for the treatment of Crohn�s disease. Its products under development include XOMA 052, a monoclonal antibody for the treatment of Type 2 diabetes, rheumatoid arthritis, systemic juvenile idiopathic arthritis, and gout, which is in Phase 1 clinical studies; and XOMA 3AB, a biodefense anti-botulism antibody for the treatment of botulism poisoning. The company�s developing products also include HCD122, a human anti-CD40 antagonist antibody for the treatment for B-cell mediated diseases, including malignancies and autoimmune diseases in Phase 1 and Phase 2 clinical trials for various indications. In addition, it licenses proprietary technologies relating to bacterial expression of recombinant pharmaceutical products to biotechnology and pharmaceutical companies. The company has collaboration agreements with Genentech, Inc.; UCB Celltech; National Institute of Allergy and Infectious Diseases; Takeda Pharmaceutical Company Limited; Schering-Plough Research Institute; and Novartis AG. XOMA Ltd. was founded in 1981 and is headquartered in Berkeley, California.

NetApp, Inc. (NASDAQ: NTAP) creates storage and data management solutions that accelerate business breakthroughs and deliver cost efficiency. The company principally offers a portfolio of solutions for business applications, storage for virtual servers, and disk-to-disk backup to its worldwide customers. Its solutions provide continuous availability of critical business data and simplify business processes to enable companies to deploy new capabilities. The company offers solutions to protect its customers� data, businesses, and reputations. It delivers services that help customers enhance what they are getting from their infrastructure. NetApp, Inc. provides support in local languages for global businesses. The company�s infrastructure solutions include archive and compliance, business continuity, disk-to-disk backup, storage consolidation, storage for virtualized environments, and test and development. Its application solutions comprise engineering and scientific, IBM Rational, Microsoft Exchange, Microsoft SharePoint, Microsoft SQL Server, Oracle, SAP, and Windows File Server. NetApp, Inc. serves energy, financial services, government, healthcare, life sciences, major manufacturing, media and Internet, and telco service provider industries. The company, formerly known as Network Appliance, Inc., was founded in 1992 and is headquartered in Sunnyvale, California.

Guaranty Financial Group, Inc. (NYSE: GFG), through its subsidiary, Guaranty Bank, provides commercial and retail banking products and services in the United States. The company offers various commercial banking services to business and commercial customers, including financing for commercial real estate, multifamily and homebuilder construction, mortgage warehouse financing, senior housing, and middle market businesses and companies engaged in the energy industry. It provides lines of credit; working capital loans; loans for acquisition, expansion, and development facilities; borrowing base loans; real estate construction loans; regional and national homebuilder loans; term loans; equipment financing; letters of credit; and other loan products. The company lends to corporations, regional companies, oil and gas producers, real estate developers, mortgage lenders, manufacturing and industrial companies, and other businesses. Guaranty Bank also offers a range of retail banking services to consumers and small businesses, including deposits, such as savings, checking, interest-bearing checking, money-market, and certificates of deposit; loans to individuals for personal, family, and household purposes, including secured and unsecured installment and term loans, home equity loans, and home equity lines of credit; and non-deposit investment products, such as mutual funds and variable annuity products through a non-affiliated registered broker-dealer and through licensed agents. The company, formerly known as Temple-Inland Financial Services, Inc., was founded in 1938 and is based in Austin, Texas. Guaranty Financial Group operates independently of Temple-Inland as of December 28, 2007.

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