Market Maker Surveillance Report. ASTM, VVTV, JADE, VRGY, HEAT, QKLS, Losing Stocks With Lowest Price Friction For Thursday, N
November 18, 2010 / M2 PRESSWIRE / BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Thursday. 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 Thursday there were 2726 companies with "abnormal" market making, 3648 companies with positive Friction Factors and 1609 companies with negative Friction Factors. Here is a list of the top companies with the largest percentage loss per share Thursday 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. AASTROM BIOSCIENCES INC (NASDAQ:ASTM), VALUEVISION MEDIA INC-CL A (NASDAQ:VVTV), LJ INTL INC (NASDAQ:JADE), VERIGY LTD (NASDAQ:VRGY), SMARTHEAT INC (NASDAQ:HEAT), QKL STORES INC (NASDAQ:QKLS). 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 ASTM $-1.52 -36.190% 6,479,077 46.480% 7,322,443 52.530% -843,366 -5,548 VVTV $-0.28 -8.670% 176,097 33.480% 349,909 66.520% -173,812 -6,208 JADE $-0.45 -8.750% 458,850 38.420% 722,492 60.500% -263,642 -5,859 VRGY $-0.78 -8.750% 2,909,753 48.690% 2,921,946 48.890% -12,193 -156 HEAT $-0.60 -10.640% 2,285,783 48.430% 2,433,259 51.560% -147,476 -2,458 QKLS $-0.37 -8.830% 48,489 19.670% 198,018 80.330% -149,529 -4,041
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 QKLS with a dollar loss Thursday of $-0.370 and a Friction Factor of -4,041 shares. That means that it only took 4,041 more shares of selling than buying to move QKLS 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.
AASTROM BIOSCIENCES INC (NASDAQ:ASTM) - Aastrom Biosciences, Inc. engages in developing autologous cell products for the treatment of severe, chronic, and cardiovascular diseases. The company's proprietary tissue repair cell (TRC) technology expands the numbers of stem and early progenitor cells from a small amount of bone marrow collected from the patient. The company is conducting a Phase II cardiac regeneration clinical trial (the IMPACT-DCM trial) in patients with dilated cardiomyopathy (DCM severe chronic heart failure) and a Phase IIb vascular regeneration clinical trial (the RESTORE-CLI trial) in patients with critical limb ischemia (CLI the most severe form of peripheral arterial disease). Aastrom Biosciences would also initiate its U.S. Phase II clinical trial to evaluate the catheter delivery of CRCs for the treatment of DCM. The company was founded in 1989 and is headquartered in Ann Arbor, Michigan.
VALUEVISION MEDIA INC-CL A (NASDAQ:VVTV) - ValueVision Media, Inc., a multi-media retailer, engages in marketing, selling, and distributing its products directly to consumers through various digital platforms. It sells mens and womens watches, collectible coins, and other collectible items; gold, gemstone, and fashion jewelry for men and women; and consumer electronics, including desktop and notebook computers and related accessories, as well as home electronics, such as LCD televisions and digital cameras. The company also offers apparel, fashion accessories, and health and beauty products comprising clothing and footwear for women; handbags and other fashion accessories; and cosmetics and personal care items, as well as home and other products, consisting of mattresses, sheet sets, lamps, and home furnishings. Its principal form of multi-media retailing is its television shopping network, ShopNBC, which markets brand name and private label products. The companys other distribution channel includes its Internet retailing Web sites, such as ShopNBC.com and ShopNBC.TV, which provide a range of consumer merchandise, including various products being featured in its television programming. It also provides its products through other digital platforms comprising mobile and social media. ValueVision Media has strategic alliances with GE Capital Equity Investments, Inc. and NBC Universal, Inc. The company was founded in 1990 and is headquartered in Eden Prairie, Minnesota.
LJ INTL INC (NASDAQ:JADE) - LJ International Inc. (LJ International), incorporated in January 1997, designs, manufactures, markets and sells precious and semi-precious gemstones, as well as diamond jewelry. The Company also offers high-end pieces set in yellow gold, white gold, platinum or sterling silver and adorned with semi-precious stones, diamonds, pearls and precious stones. LJ International distributes mainly to fine jewelers, department stores, jewelry chains in the United States, and electronic and specialty retailers throughout North America and Western Europe. The Company also owns certain commercial and residential properties located in Hong Kong, which are held primarily for investment purposes. LJ International has expanded into the retail sales line of business involving direct sales to consumers in China through company-owned retail stores under the brand name ENZO. As of December 31, 2005 the Company operates eight ENZO retail stores in Hong Kong and China.
As of December 31, 2005, The Company's subsidiaries include Lorenzo Jewelry Limited, Lorenzo Jewellery (Shenzhen) Co., Ltd., Shenzhen PGS Jewelry Mfg., Lorenzo (Shenzhen) Co., Ltd., Lorenzo Crystal Ltd., Enzo (Shenzhen) Co., Ltd., Enzo Ltd. and Goldleaves Gems (Shenzhen) Co., Ltd. (98% equity ownership). The Company has established a facility in China that performs stone cutting and polishing and jewelry production. The facility is located in the city of Shenzhen in Guangdong Province, China. LJ International's production facility in Shenzhen has been operating for seven years and has more than 10,000 square meters of production space. The Company's production processes combine vertical integration, modern technology, mechanization and handcraftsmanship to turn out contemporary and fashionable jewelry. LJ International's production operations involves cutting and polishing semi-precious gemstones; combining pure gold, platinum or sterling silver with gemstones or diamonds to produce jewelry, and finishing operations, such as cleaning and polishing, resulting in high quality finished jewelry.
LJ International provides customers with a selection of high-quality 10, 14 and 18-karat gold, platinum and sterling silver jewelry products. The Company offers more than 50,000 different styles of rings, bracelets, necklaces, earrings, pendants and matching sets that are contemporary and desired in the market. LJ International purchases imported choice gemstone material, which are from mines located in Africa, China and South America, especially those concentrated in Brazil. The Company sources its diamonds mainly from suppliers in India. LJ International specializes exotic semi-precious gemstones ranging from amethyst, aquamarine and peridot to tanzanite and tourmaline.
The Company's competitors include E.E.A.C. Inc., Fabrikant, Pranda International and Beauty Gems Limited.
VERIGY LTD (NASDAQ:VRGY) - Verigy Ltd. provides advanced semiconductor test systems and solutions used by companies worldwide in design validation, characterization, and high-volume manufacturing test. The company offers scalable platforms for a range of system-on-chip (SoC) test solutions, and memory test solutions for flash and DRAM, including high-speed memories, as well as multi-chip packages. Advanced analysis tools accelerate design debug and yield ramp processes for Verigys customers. The company also provides consulting, and service and support offerings, such as start-up assistance, application services, and system calibration and repair. It sells its products and services to integrated device manufacturers; test subcontractors, including specialty assembly, package, and test companies; wafer foundries; and fabless design companies. The company is headquartered in Singapore, Singapore. Verigy Ltd. operates independently of Agilent Technologies Inc. as of October 31, 2006.
SMARTHEAT INC (NASDAQ:HEAT) - SmartHeat Inc. designs, manufactures, sells, and services plate heat exchangers (PHE) and related systems used in the industrial, residential, and commercial markets in the Peoples Republic of China. The company offers PHEs; PHE Units, which combine PHEs with various pumps, temperature sensors, valves, and automated control systems; and heat meters for use in commercial and residential buildings. Its products and systems are used in various applications, including energy conversion for heating, ventilation, and air conditioning; and industrial use in petroleum refining, petrochemicals, metallurgy, food and beverage, and chemical processing. The company sells PHEs under the Taiyu and Sondex names; and PHE units under the Taiyu name. It markets its products through its sales force, as well as through a network of 26 national distributors. SmartHeat Inc. was founded in 2002 and is headquartered in Shenyang City, the People's Republic of China.
QKL STORES INC (NASDAQ:QKLS) - QKL Stores Inc., through its subsidiaries, operates supermarkets in the Peoples Republic of China. The companys supermarkets offer grocery products, such as prepared or packaged foods, including instant foods, canned foods, packaged rice and wheat powder, and crackers and chips; rice and ground wheat; bottled water and beverages; cigarettes; and non-food items, which include cleaning products, cosmetics, and disposable razors. It also provides raw meat, cooked meat, seafood, noodles and pastas, milk, yogurt, eggs, packaged dumplings, breads, buns, and other self-prepared foods. In addition, the company offers clothing and shoes, books and stationery, bedding and home furnishings, office supplies, toys, and sporting goods, as well as electronics and household use items, such as irons, electric shavers, hair dryers, and massage machines. As of December 31, 2009, it operated 34 supermarkets and 2 department stores in the northeastern Peoples Republic of China and Inner Mongolia. The company is headquartered in Daqing, the Peoples Republic of China.
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