TNH, ACL, MLM, SCHN, JST, BUCY: Top 6 Losing Stocks With Lowest Price Friction For June 8, 2009
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 3,471companies 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 largest dollar loss per share Monday 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. Terra Nitrogen (NYSE: TNH), Alcon (NYSE: ACL), Martin Marietta Materials (NYSE: MLM), Schnizter Steel (NASDAQ: SCHN), Jinpan Interantional (NYSE: JST) and Bucyrus International (NASDAQ: BUCY). 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
TNH -$5.22 -4.50% 46,990 34.77% 58,199 43.06% -11,209 -21
ACL -$3.11 -2.72% 237,888 33.28% 256,581 35.89% -18,693 -60
MLM -$2.99 -3.71% 307,818 35.44% 366,766 42.22% -58,948 -197
SCHN -$2.78 -4.93% 391,303 49.26% 401,333 50.52% -10,030 -36
JST -$2.77 -8.80% 60,531 41.82% 75,842 52.40% -15,311 -55
BUCY -$2.43 -7.38% 2,917,076 48.00% 3,138,222 51.64% -221,146 -910
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 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 TNH with a dollar loss Monday of -$5.22 and a Friction Factor of -21 shares. That means that it only took 21 more shares of selling than buying to move TNH 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.
Terra Nitrogen Company, L.P. (NYSE: TNH) produces and distributes nitrogen fertilizer products to agricultural and industrial markets. The company�s products include urea ammonium nitrate, a liquid fertilizer; and anhydrous ammonia, a form of nitrogen fertilizer and the feedstock for the production of other nitrogen fertilizers. It sells its products primarily in the Central and Southern Plains and the Corn Belt regions of the United States. The company offers fertilizer products to dealers, national farm retail chains, distributors, and other fertilizer producers and traders. Terra Nitrogen GP, Inc. serves as the general partner of the company. The company was founded in 1991 and is based in Sioux City, Iowa. Terra Nitrogen Company, L.P. is a subsidiary of Terra Nitrogen Corporation.
Alcon, Inc. (NYSE: ACL) engages in the development, manufacture, and marketing of pharmaceuticals, surgical equipment and devices, and consumer eye care products to treat primarily diseases and disorders of the eye in the United States and internationally. The company offers various prescription ophthalmic pharmaceutical products for glaucoma treatments; anti-infectives, anti-inflammatories, and combination therapies to treat bacterial, viral, and fungal infections of the eye and to control ocular inflammation; products to treat ocular allergies; combination anti-infective/anti-inflammatory products for ear infections; and generic ophthalmic and otic pharmaceutical products. Its ophthalmic surgical products consist of surgical equipment, single-use, and disposable products for cataract surgery; vitreoretinal surgical products; surgical procedure packs; and refractive products. The company�s consumer eye care products include contact lens care products, such as disinfecting solutions, cleaners, and lens rewetting drops; vision care products, including artificial tears to treat dry eye syndrome and ocular vitamins, as well as dietary supplements, such as Age Related Eye Disease Study Formula, Lutein, and Zeaxanthin formula. Alcon sells its pharmaceutical products to physicians, distributors, wholesalers, hospitals, government agencies, and large retailers; surgical products directly to hospitals and ambulatory surgical centers, and through distributors; and consumer eye care products directly to retailers and optical chains, as well as to distributors for resale directly to smaller retailers and eye care professionals. It has collaboration with River Plate Biotechnology, Inc. to develop hyaluronic acid, a dry eye product. The company was formerly known as Alcon Universal S.A. and changed its name to Alcon, Inc. in December 2001. The company was founded in 1945 and is based in Hunenberg, Switzerland. Alcon, Inc. is a subsidiary of Nestle S.A.
Martin Marietta Materials, Inc. (NYSE: MLM) engages in the production and sale of aggregates primarily for the construction industry in the United States, Canada, the Caribbean Islands, and the Bahamas. The company operates through two segments, Aggregates and Specialty Products. The Aggregates segment mines, processes, and sells granite, limestone, sand, and gravel. This segment also offers asphalt products, ready-mixed concrete, and road paving materials. It serves public infrastructure, commercial and residential construction, agricultural, and environmental industries. The Specialty Products segment manufactures and markets magnesia-based chemical products for industrial, agricultural, and environmental applications; and dolomitic lime for the steel industry. This segment also develops structural composite products. Martin Marietta Materials was founded in 1993 and is headquartered in Raleigh, North Carolina.
Schnitzer Steel Industries, Inc. (NASDAQ: SCHN) engages in recycling ferrous and nonferrous metals, and used and salvaged vehicles; and manufacturing finished steel products in the United States and Canada. The company operates through three segments, Metals Recycling Business (MRB), Auto Parts Business (APB), and Steel Manufacturing Business (SMB). The MRB segment involves in the purchase, collection, processing, recycling, sale, trading, and broking of recycled ferrous metals. It processes large pieces of scrap metal into smaller pieces by sorting, shearing, shredding, and torching. This segment�s products include ferrous products, including shredded, sheared, torched and bundled scrap metal, and other purchased scrap metal; and nonferrous scrap metals, including aluminum, copper, stainless steel, nickel, brass, titanium, and high temperature alloys. The APB segment purchases used and salvaged vehicles, and sells used parts from these vehicles through its auto parts stores. As of August 31, 2008, it operated 56 auto parts stores located in the United States and Canada. The SMB segment engages in the purchase of recycled metal and processing of the recycled metal and other raw materials into finished steel products. Its product portfolio comprises rebar, coiled rebar, wire rod, merchant bar, and other specialty products. This segment serves steel service centers, construction industry subcontractors, steel fabricators, wire drawers, and farm and wood product suppliers. Schnitzer Steel Industries was founded in 1946 and is headquartered in Portland, Oregon.
Jinpan International Limited (NYSE: JST), together with its subsidiaries, engages in the design, manufacture, and sale of cast resin transformers for voltage distribution equipment in the People's Republic of China. Its transformers allow high voltage transmissions of electricity, which is distributed to various locations in lower, more usable voltages. The company offers cast resin transformers, which are based on various insulation systems, including 155 degree Celsius class, 155 degree Celsius class, and 150 and 185 degree Celsius class. It also offers switch gear products that enable operators of a power distribution network to switch equipment in and out of the network; and line reactors, which are the critical components in wind towers to limit currents, filter waveforms, and attenuate electrical noise and harmonics in the inverter and driver output of wind powered turbines. The company was founded in 1993 and is headquartered in Haikou, the People's Republic of China.
Bucyrus International, Inc. (NASDAQ: BUCY) engages in the design and manufacture of mining equipment for the extraction of coal, copper, oil sands, iron ore, and other minerals in mining centers worldwide. Its surface mining original equipment includes draglines, which are primarily used in coal mining applications to remove overburden; electric mining shovels that are primarily used to load copper, coal, oil sands, iron ore, other mineral bearing materials, or rock into trucks; and rotary blasthole drills, which are used to drill holes. The company also supplies replacement and upgrade parts and services for its installed base of original equipment. Its aftermarket offerings include engineered replacement parts, maintenance and repair labor, technical advice, refurbishment and relocation of machines, structural and mechanical engineering, non-destructive testing, repairs and rebuilds of machine components, product and component upgrades, turnkey assembly, and equipment operation and management under maintenance and repair contracts. In addition, the company supplies system solutions for underground coal mining. Its longwall equipment includes hydraulic roof supports and electro-hydraulic controls, automated plow systems, and shearers and armored face conveyors, including entry conveyors with a built-in crusher; and room and pillar equipments comprising continuous miners, feeder breakers, battery- and diesel-powered underground utility vehicles, continuous haulage systems, roof bolters, and belt systems. The company sells its equipment and aftermarket parts and services directly through company personnel in the United States and in international markets. Bucyrus International, Inc. was founded in 1880 and is based in South Milwaukee, Wisconsin.
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