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Market Maker Surveillance Report. ASTC, TSTC, JADE, SWS, FONR, NCT, Losing Stocks With Lowest Price Friction For Wednesday, No

^{Published on 2010-11-24 19:04:49, Last Modified on 2010-12-22 19:29:00 - WOPRAI}
 

November 24, 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 2409 companies with "abnormal" market making, 4003 companies with positive Friction Factors and 1486 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. ASTROTECH CORP (NASDAQ:ASTC), TELESTONE TECHNOLOGIES CORP (NASDAQ:TSTC), LJ INTL INC (NASDAQ:JADE), SWS GROUP INC (NYSE:SWS), FONAR CORP (NASDAQ:FONR), NEWCASTLE INVESTMENT CORP (NYSE:NCT). 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
     ASTC       $-0.200      -13.61%      451,213         41.59%       633,704         58.41%       -182,491        -9,125  
     TSTC       $-2.170      -15.36%      1,678,339       49.89%       1,680,817       49.97%       -2,478          -11     
     JADE       $-0.870      -18.51%      1,046,209       37.10%       1,758,226       62.35%       -712,017        -8,184  
     SWS        $-0.430      -6.94%       142,736         36.74%       213,341         54.91%       -70,605         -1,642  
     FONR       $-0.110      -7.44%       64,128          36.63%       110,922         63.37%       -46,794         -4,254  
     NCT        $-0.500      -8.40%       965,383         39.64%       1,239,769       50.90%       -274,386        -5,488  

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 NCT with a dollar loss Wednesday of $-0.50000 and a Friction Factor of -5,488 shares. That means that it only took 5,488 more shares of selling than buying to move NCT 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.

ASTROTECH CORP (NASDAQ:ASTC) - Astrotech Corporation provides various products and services for the space industry in the United States. The company provides space hardware design and manufacturing services, research and logistics expertise, engineering and support services, and payload processing and integration services that support manned and unmanned missions to space. It offers satellite launch processing support to government and commercial customers for their complex communication, earth observation, and deep space satellites. The companys processing activities include satellite ground transportation; pre-launch hardware integration and testing; satellite encapsulation, fueling, and launch pad delivery; and communication linked launch control. It also develops 1st Detect, a miniature mass spectrometer for use on the ISS; Astrogenetix, a microgravity processing platform used for developing drugs; and AirWard, a shipping container designed to meet the specific requirements of the U.S. Department of Transportation to protect pressurized oxygen bottles from flame and heat during flight. The company was formerly known as SPACEHAB, Inc. and changed its name to Astrotech Corporation in 2009. Astrotech Corporation was founded in 1984 and is headquartered in Austin, Texas.

TELESTONE TECHNOLOGIES CORP (NASDAQ:TSTC) - Telestone Technologies Corporation provides access network solutions primarily in the Peoples Republic of China. Its access network solutions include the research and development, and application of access network technology. The company designs and sells electronic equipments, such as WFDS products, RFPA products, passive components, repeaters, radio frequency peripherals, and base station antennas used to provide access network solutions for 2G, 3G, broadband access, and CATV networks. It also provides project design, project management, installation, maintenance, and other after-sales services. In addition, Telestone offers coverage solutions, which cover indoor and outdoor environments, including hotels, residential estates, office buildings, airports, exhibition centers, underground stations, highways, and tunnels, to the telecommunications industry. Further, it provides 3D solution, a third generation indoor coverage solution, which utilizes fiber technology in the radio frequency signal distribution to transmit high speed data signals; and the PHS system optimization solution that addresses network coverage, network planning, network capacity, and network disturbance issues of wireless networks. The company was founded in 1987 and is headquartered in Beijing, the Peoples Republic of China.

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.

SWS GROUP INC (NYSE:SWS) - SWS Group, Inc., through its subsidiaries, provides various financial services in the United States. The company operates in four segments: Clearing, Retail, Institutional, and Banking. The Clearing segment provides clearing and execution services for general securities broker/dealers, bank affiliated firms, and firms specializing in high volume trading. The Retail segment includes retail securities products and services, such as equities, mutual funds, and fixed income products; insurance products; and managed accounts. The Institutional brokerage segment serves institutional customers in securities lending, investment banking and public finance, fixed income sales and trading, proprietary trading, and agency execution services. The Banking segment offers various banking products and services, including certificates of deposit, money market accounts, interest-bearing demand accounts, savings accounts, federal home loan bank advances, federal funds purchased, and non interest-bearing demand accounts, as well as 1-4 family residential loans and construction loans, land and land development loans, commercial real estate loans, commercial loans, and consumer loans. The company was founded in 1972 and is headquartered in Dallas, Texas.

FONAR CORP (NASDAQ:FONR) - FONAR Corporation engages in the design, manufacture, sale, and service of magnetic resonance imaging (MRI) scanners for the detection and diagnosis of human diseases. It provides Stand-Up/Upright MRI scanners, which allows patients to be scanned in a weight-bearing condition, such as standing, sitting, or bending in any position that causes symptoms; and FONAR 360 MRI scanner, a diagnostic scanner. The company, through its wholly owned subsidiary, Health Management Corporation of America, also offers management services to diagnostic imaging facilities, such as development, administration, and leasing of office space, facilities, and medical equipment; provision of supplies; staffing and supervision of non-medical personnel; legal services; accounting, billing, and collection; and the development and implementation of practice growth and marketing strategies. It serves private scanning centers and hospitals. As of June 30, 2009, the company managed 10 diagnostic imaging facilities located in the states of New York, Georgia, and Florida. FONAR Corporation was founded in 1978 and is headquartered in Melville, New York.

NEWCASTLE INVESTMENT CORP (NYSE:NCT) - Newcastle Investment Corp. operates as a real estate investment and finance company that invests in and manages a portfolio consisting primarily of real estate securities. The companys portfolio of real estate securities includes commercial mortgage backed securities, senior unsecured debt issued by property REITs, real estate related asset backed securities, and agency residential mortgage backed securities. Newcastle also owns interest in loans and pools of loans, including real estate related loans, commercial mortgage loans, residential mortgage loans, and manufactured housing loans. In addition, it owns interests in operating real estate. The company is organized to qualify as a real estate investment trust for U.S. federal income tax purposes. Newcastle was founded in 1998 and is based in New York City.

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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"

RegSHO Naked Shorts -- tracks EVERY failure to deliver in all US stocks and tracks all Threshold Security Lists daily for which stocks have naked shorts that are not in compliance with Regulation SHO

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SqueezeTrigger -- 29 billion cell database tracks EVERY short sale (not just total short interest) in all US stocks and calculates volume weighted price that a short squeeze will begin in each stock.

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.

Pattern Scan -- automates tracking of every technical pattern and predicts time and size of move in all stocks.

GATS (Global Automated Trading System) -- tracks all known trading strategies and qualifies and quantifies which are working best in real time.

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