


Market Maker Surveillance Report. ASYS, PETD, CBK, NPD, RINO, TXIC, Losing Stocks With Lowest Price Friction For Wednesday, No
November 17, 2010 / M2 PRESSWIRE / BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Wednesday. Since October 2008 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 Wednesday there were 2766 companies with "abnormal" market making, 2878 companies with positive Friction Factors and 2343 companies with negative Friction Factors. Here is a list of the top companies with the largest percentage loss per share Wednesday 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. AMTECH SYSTEMS INC (NASDAQ:ASYS), PETROLEUM DEVELOPMENT CORP (NASDAQ:PETD), CHRISTOPHER & BANKS CORP (NYSE:CBK), CHINA NEPSTAR CHAIN DRUG-ADR (NYSE:NPD), RINO INTERNATIONAL CORP (NASDAQ:RINO), Tongxin International Ltd. (NASDAQ:TXIC). 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 Percent Buy Volume Buy %% Sell Volume Sell %% Net Volume Friction ASYS $-2.75 -14.820% 529,029 41.570% 737,186 57.930% -208,157 -757 PETD $-4.22 -11.560% 507,651 44.670% 626,899 55.160% -119,248 -283 CBK $-0.61 -10.550% 345,109 41.950% 397,410 48.300% -52,301 -857 NPD $-0.84 -17.500% 545,317 39.210% 754,243 54.230% -208,926 -2,487 RINO $-1.08 -15.100% 1,922,540 46.600% 2,172,791 52.660% -250,251 -2,317 TXIC $-0.30 -12.110% 42,970 17.450% 133,857 54.360% -90,887 -3,003
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 TXIC with a dollar loss Wednesday of $-0.303 and a Friction Factor of -3,003 shares. That means that it only took 3,003 more shares of selling than buying to move TXIC 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.
AMTECH SYSTEMS INC (NASDAQ:ASYS) - Amtech Systems, Inc., through its subsidiaries, engages in the design, assembly, sale, and installation of capital equipment and related consumables used in the manufacture of wafers, primarily for the solar and semiconductor industries. It operates in two segments, Solar and Semiconductor Equipment, and Polishing Supplies. The Solar and Semiconductor Equipment segment produces and sells horizontal diffusion, small batch vertical, and conveyor furnaces, as well as plasma-enhanced chemical vapor deposition products and semiconductor automation products. It also provides automation equipment, which includes mass wafer transfer systems, sorters, long-boat transfer systems, load station elevators, buffers and conveyers. In addition, this segment supplies thermal processing systems, including related automation, parts, and services to the solar/photovoltaic, semiconductor, silicon wafer, and microelectromechanical system industries. The Polishing Supplies segment supplies wafer carriers to the manufacturers of silicon wafers. It also manufactures polishing templates, steel carriers, and double-sided polishing and lapping machines to fabricators of optics, quartz, ceramics, and metal parts, as well as manufacturers of medical equipment components and computer disks. In addition, Amtech Systems, Inc. provides semiconductor manufacturing support services. The company markets its products primarily through sales personnel, as well as through a network of domestic and international independent sales representatives and distributors. Amtech Systems, Inc. sells its products primarily in the United States, Asia, and northern Europe. It was formerly known as Quartz Engineering & Materials, Inc. and changed its name to Amtech Systems, Inc. in 1987. The company was founded in 1981 and is based in Tempe, Arizona.
PETROLEUM DEVELOPMENT CORP (NASDAQ:PETD) - Petroleum Development Corporation, an independent energy company, engages in the exploration for, development, production, and marketing of oil and natural gas. The company specializes in the purchase, aggregation, and resale of natural gas from other producers. As of December 31, 2009, it owned an interest in and operated approximately 5,000 gross wells located primarily in the Rocky Mountain Region and Appalachian Basin. It sells natural gas to other gas marketers, utilities, industrial end-users, and other wholesale gas purchasers. The company was founded in 1955 and is based in Denver, Colorado.
CHRISTOPHER & BANKS CORP (NYSE:CBK) - Christopher & Banks Corporation, through its subsidiaries, operates as a retailer of womens apparel in the United States. The company offers womens apparel in sizes 4 to 16, and petite sizes under Christopher & Banks brand; and sizes 14W to 24W under C.J. Banks brand. It also provides knit tops, shirtings, jackets, sweaters, skirts, denim bottoms, bottoms of other fabrications, dresses, and accessories. The companys products are used for work and leisure activities by women ranging from 40 to 60 years of age. As of May 1, 2009, it operated 814 stores in 46 states, including 547 Christopher & Banks stores and 267 C.J. Banks stores; and 2 e-commerce enabled Web sites at www.christopherandbanks.com and www.cjbanks.com. The company was formerly known as Brauns Fashions Corporation and changed its name to Christopher & Banks Corporation in July 2000. Christopher & Banks Corporation was founded in 1956 and is based in Plymouth, Minnesota.
CHINA NEPSTAR CHAIN DRUG-ADR (NYSE:NPD) - China Nepstar Chain Drugstore Ltd. operates retail drugstores in the Peoples Republic of China. Its drugstores provide pharmacy services and other merchandise, including prescription drugs; over-the-counter drugs; nutritional supplements, such as various healthcare supplements, vitamins, minerals, and dietary products; herbal products, including drinkable herbal remedies and packages of assorted herbs for making soup; and private label products under Beautiful Life, Qianlong, and Wisconsin brand names. The companys stores also offer personal care products, such as skin care, hair care, and beauty products; family care products, including portable medical devices for family use, birth control products, and early pregnancy test products; and convenience products, such as soft drinks, packaged snacks, other consumables, cleaning agents, and stationeries, as well as seasonal and promotional items. As of December 31, 2008, its store network comprised 2,709 directly operated stores located in 12 provinces and 76 municipalities in the Peoples Republic of China. The company was founded in 1995 and is headquartered in Shenzhen, the Peoples Republic of China.
RINO INTERNATIONAL CORP (NASDAQ:RINO) - RINO International Corporation, through its subsidiaries, operates as an environmental protection and remediation company in the People's Republic of China. The company engages in designing, manufacturing, installing, and servicing wastewater treatment and flue gas desulphurization equipment primarily for use in the iron and steel industry; and anti-oxidation products and equipment for use in the manufacture of hot rolled steel plate products. Its products include Lamella Inclined Tube Settler Waste Water Treatment System, which comprise industrial water treatment equipment, effluent-condensing equipment sets, solid and liquid abstraction dewatering equipment, and coal gas dust removal and cleaning equipment; and Circulating, Fluidized Bed, Flue Gas Desulphurization System that removes particulate sulphur from flue gas emissions generated by the sintering process in the production of iron and steel; and High Temperature Anti-Oxidation System for hot rolled steel, a set of products and a mechanized system, which reduces oxidation-related output losses in the production of continuous cast hot rolled steel. In addition, it offers contract machining services for third-party industrial enterprises. The company was incorporated in 1984 and is headquartered in Dalian, the People's Republic of China.
Tongxin International Ltd. (NASDAQ:TXIC) - Tongxin International Ltd.
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