Market Maker Surveillance Report. UCRP, WAMKQ, LOCM, CONN, WBD, REDF, Winning Stocks With Lowest Price Friction For Thursday,
December 2, 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 2435 companies with "abnormal" market making, 3663 companies with positive Friction Factors and 1993 companies with negative Friction Factors. Here is a list of the top companies with the largest percentage gain per share Thursday and low price friction (bullish). This means that there was more buying than selling in the stocks and their stock prices rose faster with less Friction. USSE CORP (OTC:UCRP), Washington Mutual De (OTC:WAMKQ), LOCAL.COM CORP (NASDAQ:LOCM), CONN'S INC (NASDAQ:CONN), WIMM-BILL-DANN FOODS-ADR (NYSE:WBD), REDIFF.COM INDIA LIMITED-ADR (NASDAQ:REDF). 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 UCRP $0.023 31.94% 342,450 60.09% 227,401 39.91% 115,049 50,021 WAMKQ $0.165 55.93% 98,323 46.81% 60,224 28.67% 38,099 2,309 LOCM $1.140 28.79% 1,756,493 61.79% 1,073,593 37.77% 682,900 5,990 CONN $1.320 40.87% 687,627 53.86% 580,005 45.43% 107,622 815 WBD $6.800 27.76% 3,695,490 46.00% 3,452,052 42.97% 243,438 358 REDF $0.770 19.85% 1,514,498 51.41% 1,376,062 46.71% 138,436 1,798
Analysis of the Friction Factor chart above shows that each of the six stocks mentioned above have high net buy volumes (buy volume, sell volume) and 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 REDF with a dollar gain Thursday of $0.77000 and a Friction Factor of 1,798 shares. That means that it only took 1,798 more shares of buying than selling to move REDF higher by one penny. The Market Makers are currently allowing the stock to rise quickly (low friction). The combination of low friction and positive market direction can drive prices higher much faster than normal.
USSE CORP (OTC:UCRP) - USSE Corp. provides promotional events and programming to professional and amateur sports organizations. The company offers sports entertainment and marketing products to national sports leagues, and individual professional and amateur sports teams. The company is based in New York, New York.
Washington Mutual De (OTC:WAMKQ) - Washington Mutual De
LOCAL.COM CORP (NASDAQ:LOCM) - Local.com Corporation provides local search services on the Internet. It operates Local.com, a local business directory site that provides information on approximately 14 million local businesses. The company also provides local search services on its local syndication network of regional media sites for which it offers business directories and associated services, as well as provides sales and advertiser services. The company offers proprietary search results using its patented technologies, as well as monetizes those search results by placing sponsored listings on the search results page. Its sponsored listings comprise subscription, cost-per-click, cost-per-call, and display ads from its own direct advertisers and third-party advertiser sources. The company was formerly known as Interchange Corporation and changed its name to Local.com Corporation in November 2006. Local.com Corporation was founded in 1999 and is based in Irvine, California.
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.
WIMM-BILL-DANN FOODS-ADR (NYSE:WBD) - Wimm-Bill-Dann Foods OJSC manufactures and sells dairy, beverage, and baby food products primarily in the Russian Federation. Its principal dairy products include sterilized and pasteurized milk, and butter and cream, as well as traditional sour-milk products, such as kefir, cottage cheese, soft cottage cheese, and sour cream; yogurts and dairy desserts, such as traditional and drinking yogurt, fruit-flavored milk and kefir, puddings, and flavored cottage cheese; and cheese products, including hard yellow and processed cheese. The companys beverage products primarily comprise juices and nectars produced from juice concentrates; enriched juice-based drinks; Mors, a traditional berry-juice-based drink made from natural berries; bottled natural mineral water; and drinking water. Its baby food products include liquid dairy products, and juices and water for infants under the age of three; meat, fish, poultry, fruit, vegetable, and dairy purees for children aged three and under; dry formula for feeding babies; products for pregnant women and nursing mothers; and other food products for children. The company sells its products through various sales channels, including independent distributors and wholesalers, supermarket chains, small- and medium-sized grocery stores, open air markets, pavilions, and restaurants. Wimm-Bill-Dann Foods OJSC was founded in 1992 and is based in Moscow, the Russian Federation.
REDIFF.COM INDIA LIMITED-ADR (NASDAQ:REDF) - Rediff.com India Limited provides online Internet based services with a focus on India and the global Indian community. Its Web sites consist of interest specific channels relevant to Indian interests, including cricket; astrology; matchmaker and movies; content on various matters, such as news and finance; search facilities; a range of community features comprising e-mail, chat, messenger, and e-commerce; and broadband wireless content, as well as short messaging services for the mobile phone subscribers in India. The company also publishes two weekly newspapers, including India Abroad and India in New York for the Indian-American community in the United States and Canada. As of March 31, 2009, it had 77.9 million online registered users. The company was formerly known as Rediff Communication Private Limited and changed its name to Rediff.com India Limited in February 2000. Rediff.com India Limited was founded in 1996 and is headquartered in Mumbai, India.
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