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Market Maker Surveillance Report. JACK, WH, CISG, SPPR, ZLC, KONG, Losing Stocks With Lowest Price Friction For Tuesday, Novem

^{Published on 2010-11-24 07:24:15, Last Modified on 2010-12-22 19:29:30 - WOPRAI}
 

November 23, 2010 / M2 PRESSWIRE / BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Tuesday. 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 Tuesday there were 2533 companies with "abnormal" market making, 1372 companies with positive Friction Factors and 4138 companies with negative Friction Factors. Here is a list of the top companies with the largest percentage loss per share Tuesday 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. JACK IN THE BOX INC (NASDAQ:JACK), WSP HOLDINGS LTD-ADR (NYSE:WH), CNINSURE INC-ADR (NASDAQ:CISG), SUPERTEL HOSPITALITY INC (NASDAQ:SPPR), ZALE CORP (NYSE:ZLC), KONGZHONG CORP-ADR (NASDAQ:KONG). 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
     JACK       $-2.380      -10.56%      1,666,433       48.66%       1,714,931       50.07%       -48,498         -204    
     WH         $-0.270      -18.62%      203,961         30.23%       430,659         63.84%       -226,698        -8,396  
     CISG       $-2.910      -13.28%      1,905,072       48.31%       1,984,887       50.33%       -79,815         -274    
     SPPR       $-0.170      -10.63%      49,094          39.12%       76,408          60.88%       -27,314         -1,607  
     ZLC        $-0.360      -10.71%      681,179         46.40%       706,006         48.09%       -24,827         -690    
     KONG       $-0.950      -12.43%      126,571         35.91%       225,437         63.95%       -98,866         -1,041  

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 KONG with a dollar loss Tuesday of $-0.95000 and a Friction Factor of -1,041 shares. That means that it only took 1,041 more shares of selling than buying to move KONG 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.

JACK IN THE BOX INC (NASDAQ:JACK) - Jack in the Box Inc. operates as a restaurant company that operates and franchises Jack in the Box restaurants. These restaurants are hamburger chains, with approximately 2,200 restaurants in 18 states. The company also operates and franchises Qdoba Mexican Grill, a fast-casual dining specialist operating approximately 500 restaurants in 42 states and the District of Columbia. It was formerly known as Foodmaker Company and changed its name in 1999. Jack in the Box Inc. was founded in 1951 and is based in San Diego, California.

WSP HOLDINGS LTD-ADR (NYSE:WH) - WSP Holdings Limited, through its subsidiaries, manufactures oil country tubular goods products. It offers casing, tubing, and drill pipes for oil and natural gas exploration, drilling, and extraction activities, as well as line pipes and green pipes. The company also provides American Petroleum Institute (API) products, which are products manufactured according to the standards formulated by the API; and non-API products, which are products tailor-made to meet customers specifications. It serves oilfields in North America, the Middle East, Asia, Africa, and the Russian Federation through distributors. WSP Holdings Limited was founded in 1999 and is headquartered in Wuxi, the Peoples Republic of China.

CNINSURE INC-ADR (NASDAQ:CISG) - CNinsure Inc., together with its subsidiaries, provides insurance brokerage and agency services, and insurance claims adjusting services in the Peoples Republic of China. The company offers property, casualty, and life insurance products underwritten by domestic and foreign insurance companies operating in China. Its property and casualty insurance products include automobile, individual accident, commercial property, homeowner, cargo, hull, liability, and construction insurance; and life insurance products comprise individual whole life insurance, term life insurance, education annuity, and health insurance, as well as universal insurance and group life insurance. The company also offers insurance claims adjusting services, which include pre-underwriting survey, claims adjusting, disposal of residual value, loading and unloading supervision, and consulting services, as well as damage assessment, survey, authentication, and loss estimation to insurance companies and the insured; and value-added services to its customers in conjunction with distributing automobile insurance products. As of April 15, 2010, its distribution and service network consisted of 49 insurance agencies, 3 insurance brokerages, and 4 claims adjusting firms, with 571 sales and service outlets. The company was founded in 1998 and is headquartered in Guangzhou, the Peoples Republic of China.

SUPERTEL HOSPITALITY INC (NASDAQ:SPPR) - Supertel Hospitality, Inc., a real estate investment trust (REIT), engages in the ownership and acquisition of limited-service hotels in the United States. The companys hotels operate under various franchise brand names, including Super 8, Comfort Inn/Comfort Suites, Hampton Inn, Holiday Inn Express, Best Western Suites, Days Inn, Ramada, Ltd., Shoney's Inn, and Sleep Inn. As of December 31, 2005, it owned 76 limited-service hotels in 17 states. The company has elected to be taxed as a REIT under the Internal Revenue Code of 1986. As a REIT, it would not be subject to federal income tax provided that it distributes at least 90% of its taxable income to its shareholders. The company was incorporated in 1994. It was formerly known as Humphrey Hospitality Trust, Inc. and changed its name to Supertel Hospitality, Inc. in 2005. Supertel Hospitality is headquartered in Norfolk, Nebraska.

ZALE CORP (NYSE:ZLC) - Zale Corporation operates as a specialty retailer of fine jewelry. The company operates through three segments: Fine Jewelry, Kiosk Jewelry, and All Other. The Fine Jewelry segment operates under five brands. Its Zales Jewelers brand provides diamond jewelry primarily in the bridal and fashion segments through 693 stores in 50 states and Puerto Rico; Gordon's Jewelers brand provides jewelry in 202 stores in 31 states of the United States and Puerto Rico; the Peoples Jewellers and Mappins Jewellers brands offer gold jewelry, gemstone jewelry, and watches through 212 stores in Canada; and Zales Outlet brand offers branded watches, gemstones, gold merchandise, and diamond fashion and solitaire products through 140 stores in 36 states and Puerto Rico. The Fine Jewelry segment also sells its products through e-commerce sites, such as zales.com and gordonsjewelers.com. The Kiosk Jewelry segment provides gold and silver products, such as bracelets, earrings, charms, rings, 14 karat and 10 karat gold chains, and silver and diamond jewelry primarily under Piercing Pagoda, Plumb Gold, and Silver and Gold Connection brand names, through 684 mall-based kiosks. The All Other segment provides insurance and reinsurance facilities for various types of insurance coverage, such as merchandise replacement coverage, credit insurance coverage, and discontinued lines of insurance. Zale Corporation was founded in 1989 and is headquartered in Irving, Texas.

KONGZHONG CORP-ADR (NASDAQ:KONG) - KongZhong Corporation, through its subsidiaries, provides wireless interactive entertainment, media, and community services to mobile phone users in the People's Republic of China. It offers interactive entertainment services, which include mobile games, pictures, logos, karaoke, electronic books, and mobile phone personalization features, such as ring tones, wallpaper, clocks, and calendars; media services that include content, such as domestic and international news, entertainment, sports, fashion, lifestyle, and other special interest areas; and community services, which comprise interactive chat, message boards, dating, networking, and photo albums. The company also provides downloadable and online mobile games based on 2.5G platforms, including wireless application protocol (WAP) and Java. In addition, it offers Kong.net, a wireless Internet site that offers news, community services, games, and other interactive media and entertainment services; and sells advertising space in the form of text-link, banner, and button advertisements. The company provides its services through 2G technology platforms, including short messaging services, interactive voice response, and color ring back tones; and through 2.5G technology and operating platforms, including WAP, multimedia messaging services, and Java. KongZhong Corporation was formerly known as Communication Over The Air Inc. and changed its name to KongZhong Corporation in March 2004. The company was founded in 2002 and is headquartered in Beijing, the Peoples Republic of China.

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