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Market Maker Surveillance Report. PEZGF, XPO, IRE, CONN, ELTK, NYNY, Losing Stocks With Lowest Price Friction For Monday, Nove

^{Published on 2010-11-23 07:01:16, Last Modified on 2010-12-22 19:30:03 - WOPRAI}
 

November 22, 2010 / M2 PRESSWIRE / BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Monday. 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 Monday there were 2579 companies with "abnormal" market making, 2431 companies with positive Friction Factors and 2816 companies with negative Friction Factors. Here is a list of the top companies with the largest percentage 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. PEDIMENT GOLD CORP (OTCBB:PEZGF), EXPRESS-1 EXPEDITED SOLUTION (AMEX:XPO), BANK OF IRELAND-SPONS ADR (NYSE:IRE), CONN'S INC (NASDAQ:CONN), ELTEK LTD (NASDAQ:ELTK), EMPIRE RESORTS INC (NASDAQ:NYNY). 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
     PEZGF      $-0.428      -18.53%      155,600         43.15%       204,630         56.74%       -49,030         -1,146  
     XPO        $-0.260      -9.74%       299,019         38.75%       441,230         57.18%       -142,211        -5,470  
     IRE        $-0.450      -16.85%      12,949,619      45.76%       13,735,099      48.54%       -785,480        -17,455 
     CONN       $-0.400      -10.55%      174,191         36.80%       299,143         63.20%       -124,952        -3,124  
     ELTK       $-0.260      -17.82%      42,890          30.72%       96,719          69.28%       -53,829         -2,070  
     NYNY       $-0.130      -9.25%       574,425         46.29%       666,470         53.71%       -92,045         -7,080  

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 NYNY with a dollar loss Monday of $-0.13000 and a Friction Factor of -7,080 shares. That means that it only took 7,080 more shares of selling than buying to move NYNY 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.

PEDIMENT GOLD CORP (OTCBB:PEZGF) - Pediment Gold Corp., a natural resource company, engages in the evaluation, acquisition, exploration, and development of mineral properties, primarily gold and silver, in Mexico. Its property portfolio primarily includes the San Antonio project located in the state of Baja California Sur, Mexico; and La Colorada project located in the state of Sonora, Mexico. The company was formerly known as Pediment Exploration Ltd. and changed its name to Pediment Gold Corp. in February 2009. The company is headquartered in Vancouver, Canada.

EXPRESS-1 EXPEDITED SOLUTION (AMEX:XPO) - Express-1 Expedited Solutions, Inc., through its subsidiaries, provides transportation and logistics services in the United States, Mexico, and Canada. It operates through three units: Express-1, Concert Group Logistics, and Bounce Logistics. The Companys Express-1 unit offers expedited surface transportation services. It operates a fleet of independently owned vehicles, including cargo vans, straight trucks and semi tractor trailer units. The Concert Group Logistics unit provides domestic and international freight forwarding services through a network of independently owned stations. Its domestic freight forwarding services include air charter, expedites, and time sensitive services, as well as cost sensitive services comprising deferred delivery, less than truckload, and full truck load services; and international freight forwarding services consist of on-board courier and air charters, time sensitive services, less-than-container loads, full-container-loads, and vessel charters. This unit also offers documentation on international loads, customs clearance and banking support services, trade show shipment management, time definite and customized product distributions, reverse logistics and on site asset recovery projects, installation coordination, freight optimization, and diversity compliance support services. The Bounce Logistics unit provides freight brokerage services for truckload shipments. The company offers its services to the automotive manufacturing, automotive components and supplies, commercial printing, durable goods manufacturing, pharmaceuticals, food and consumer products production, and high tech sectors. Express-1 Expedited Solutions, Inc. was founded in 1996 and is headquartered in Saint Joseph, Michigan.

BANK OF IRELAND-SPONS ADR (NYSE:IRE) - The Governor and Company of the Bank of Ireland provides banking and other financial services to small and medium-sized commercial and industrial companies in Ireland and internationally. The companys products include interest and non-interest bearing current accounts; demand and time deposit accounts; loans to customers, including overdrafts, installment credit and finance lease receivables, business and corporate lending, mortgage loans for house purchases, as well as home improvement and secured personal loans to existing mortgage customers. It also provides international asset financing, leasing, debt factoring, foreign exchange facilities, interest and exchange rate hedging instruments, executor and trustee services, life assurance/pension/investment fund management, fund administration and custodial services, telephone and online banking, and financial advisory services, including mergers and acquisitions, and underwriting. As of March 31, 2009, the company operated in Ireland through 248 full time branches and 1,292 ATMs. The Governor and Company of the Bank of Ireland was founded in 1783 and is headquartered in Dublin, Ireland.

CONN'S INC (NASDAQ:CONN) - Conns, Inc. operates as a specialty retailer of home appliances, consumer electronics, home office equipment, lawn and garden products, mattresses, and furniture in the United States. It also sells repair service agreements and customer credit programs, including installment and revolving credit account programs, and various credit insurance products. In addition, the company sells its products online. As of March 25, 2010, it operated 76 retail and clearance stores in southern Louisiana, southeast Texas, Houston, South Texas, San Antonio/Austin, Dallas/Fort Worth, and Oklahoma. The company was founded in 1890 and is headquartered in Beaumont, Texas.

ELTEK LTD (NASDAQ:ELTK) - Eltek Ltd., together with its subsidiaries, develops, manufactures, markets, and sells printed circuit boards (PCBs) primarily in Israel, Europe, and North America. It offers rigid PCBs, flexible and flex-rigid PCBs, and multi-layer backplanes for electronic equipment. The companys PCBs are platforms that conduct electrical signals among active and passive microelectronics components, microprocessors, memories, resistors, and capacitors. Its customers include manufacturers of medical, defense, aerospace, industrial, telecom, and networking equipment, as well as contract electronic manufacturers. The company markets and sells its products directly, as well as through it sales representatives, and agreements with PCB trading and manufacturing companies. Eltek Ltd. was founded in 1970 and is based in Petach Tikva, Israel.

EMPIRE RESORTS INC (NASDAQ:NYNY) - Empire Resorts, Inc., through its subsidiaries, operates in the hospitality and gaming industries in New York. The company owns and operates Monticello Gaming and Raceway, a video gaming machine and harness horseracing facility that conducts pari-mutuel wagering through the running of live harness horse races, the import simulcasting of harness and thoroughbred horse races, and the export simulcasting of its races to offsite pari-mutuel wagering facilities. As of December 31, 2009, it operated approximately 1,090 video gaming machines at Monticello Gaming and Raceway. The company was founded in 1993 and is based in Monticello, New York.

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REGULATORY & COMPLIANCE NEWS

Friction Factor -- market maker surveillance system tracking Level II market makers in all stocks to determine Price Friction and compliance with new "Fair Market Making Requirements"

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Earnings Edge -- predicts probability, price move and length of move before and after all US stock earnings reports.

Seasonality -- predicts probability, price move and length of move based on exact time of year for all US stocks.

Group Trader -- tracks sector rotation and stock correlation to its sector and predicts future moves in ALL sectors and industry groups.

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