Stocks & Investing
Stocks and Investing
Stocks and Investing
Thu, December 16, 2010
Wed, December 15, 2010 Market Maker Surveillance Report. LZR, CLSN, ABCW, MAXY, BSDM, BLTI, Losing Stocks With Lowest Price Friction For Wednesday, D
December 15, 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 1727 companies with "abnormal" market making, 1219 companies with positive Friction Factors and 2676 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. EMERGENT GROUP INC (AMEX:LZR), CELSION CORP (NASDAQ:CLSN), ANCHOR BANCORP WISCONSIN INC (NASDAQ:ABCW), MAXYGEN INC (NASDAQ:MAXY), BSD MEDICAL CORP (NASDAQ:BSDM), BIOLASE TECHNOLOGY INC (NASDAQ:BLTI). 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
LZR $-1.540 -18.92% 49,792 39.15% 78,606 61.80% -28,814 -187
CLSN $-0.260 -10.57% 186,563 41.21% 265,599 58.66% -79,036 -3,040
ABCW $-0.240 -18.60% 151,075 35.25% 276,061 64.40% -124,986 -5,208
MAXY $-2.040 -34.93% 500,951 35.69% 899,586 64.10% -398,635 -1,954
BSDM $-0.720 -13.64% 1,398,334 42.64% 1,863,381 56.82% -465,047 -6,459
BLTI $-0.110 -8.33% 25,232 29.52% 60,242 70.48% -35,010 -3,183
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 BLTI with a dollar loss Wednesday of $-0.11000 and a Friction Factor of -3,183 shares. That means that it only took 3,183 more shares of selling than buying to move BLTI 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.
EMERGENT GROUP INC (AMEX:LZR) - Emergent Group Inc., through its subsidiary, PRI Medical Technologies, Inc. provides surgical equipment on a fee for service basis to hospitals, surgical care centers, and other health care providers in the United States. The company offers surgical equipment and related technical services support to physicians and operating room personnel in hospitals, surgical care centers, and other health-related facilities on a per-procedure basis; and disposable products and/or ancillary equipment that are needed for a given medical procedure. Its medical equipment includes CO2, Nd:YAG, Pulse Dye, KTP/YAG, Diode, Greenlight HPS, Holmium YAG, Lithotripsy, and Cryosurgery technology. It also offers equipment for lithotripsy, cryosurgery, transmyocardial revascularization, advanced visualization technology, microwave therapy, and prostate surgery. The company was founded in 1964 and is based in Sun Valley, California.
CELSION CORP (NASDAQ:CLSN) - Celsion Corporation, an oncology drug development company, develops and commercializes targeted chemotherapeutic oncology drugs based on its proprietary heat-activated liposomal technology. The company is developing its lead product, ThermoDox that is in Phase III clinical trial for primary liver cancer; and in phase II clinical trial for treatment of recurrent chest wall breast cancer. It has a license agreement with Yakult Honsha to commercialize and market ThermoDox for the Japanese market. The company also has a license agreement with Duke University under which it received exclusive rights to commercialize and use Duke's thermo-liposome technology. In addition, Celsion Corporation has a joint research agreement with Royal Phillips Electronics to evaluate the combination of Phillips' high intensity focused ultrasound with its ThermoDox to determine the potential of this combination to treat a range of cancers. The company was founded in 1982 and is based in Columbia, Maryland.
ANCHOR BANCORP WISCONSIN INC (NASDAQ:ABCW) - Anchor BanCorp Wisconsin Inc. operates as the holding company for AnchorBank, fsb, which provides various financial products and services in Wisconsin, Iowa, Minnesota, and Illinois. Its deposit products include passbook savings accounts, demand deposits, interest bearing checking accounts, money market accounts, and certificates of deposit. The company originates single-family residential, multi-family residential, commercial real estate, construction, and land mortgage loans; consumer loans, including second mortgage and home equity, and education loans; and commercial business loans. It also invests in real estate partnerships. In addition, the company provides credit cards, annuities, and related consumer financial services. As of March 31, 2009, it operated 73 branch offices and 2 loan origination offices. The company was founded in 1919 and is based in Madison, Wisconsin.
MAXYGEN INC (NASDAQ:MAXY) - Maxygen, Inc., a biopharmaceutical company, focuses on developing improved versions of protein drugs. The company utilizes its MolecularBreeding directed evolution technology platform, along with ancillary technologies, and protein modification expertise to pursue the creation of biosuperior proteins. It engages in the discovery, and research and development of multiple protein pharmaceutical programs, including CTLA-4 Ig product candidates that are designed to be CTLA-4 Ig therapeutics for the treatment of an array of autoimmune disorders, including rheumatoid arthritis, and transplant rejection; and MAXY-G34 product candidates for the treatment of chemotherapy-induced neutropenia. The company also focuses on developing biocatalytic process technologies for pharmaceutical, energy, and industrial chemical applications. Maxygen, Inc. was founded in 1996 and is headquartered in Redwood City, California.
BSD MEDICAL CORP (NASDAQ:BSDM) - BSD Medical Corporation develops, manufactures, markets, and services medical systems that deliver precision-focused radio frequency (RF) or microwave energy into diseased sites of the body, heating them to specified temperatures as required by a variety of medical therapies. The company develops technology and products for thermal ablation and hyperthermia cancer therapy through various techniques, which include thermal ablation that ablates soft tissues at high temperatures through focused microwave energy; superficial hyperthermia, which non-invasively treats cancerous tumors located within a few centimeters of the surface of the body, such as melanoma and recurrent breast cancer; internal or interstitial hyperthermia that treats tumors in combination with internal radiation therapy by inserting tiny microwave antennae that deliver hyperthermic microwave energy to tumors through the same catheters used to deliver radioactive materials to tumors for radiation therapy; and deep hyperthermia, which non-invasively treats tumors located deep within the body, including various problematic cancer sites located in the pelvis. It offers MicroThermX-100 microwave ablation system for ablation of soft tissue; MicroThermX-180 microwave ablation system that provides minimally invasive access to the target tissue, and could be used in open surgical, as well as in percutaneous ablation procedures; BSD-500 systems to deliver either superficial or interstitial hyperthermia therapy or both; and BSD-2000 family of products that non-invasively deliver localized therapeutic heating to solid tumors by applying RF energy to certain cancerous tumors, as well as BSD-2000/3D and BSD-2000/3D/MR. The company serves clinics, hospitals, and institutes that treat cancer in the United States and internationally. BSD Medical Corporation was founded in 1978 and is based in Salt Lake City, Utah.
BIOLASE TECHNOLOGY INC (NASDAQ:BLTI) - BIOLASE Technology, Inc., a medical technology company, develops, manufactures, and markets lasers and related products and services focused on technologies for applications and procedures in dentistry and medicine. Its principal products are dental laser systems that allow general dentists, periodontists, endodontists, oral surgeons, and other specialists to perform a range of dental procedures, including cosmetic and complex surgical applications. The company offers two categories of laser system products comprising Waterlase family of products and Diode family of products. The Waterlase systems use a combination of water and laser to perform dental procedures for cutting soft and hard tissue plus bone. Its Waterlase systems include Waterlase MD and Waterlase C100 All-Tissue Dental Laser systems. The Diode systems use a semiconductor diode laser to perform soft tissue, hygiene, and cosmetic procedures, including teeth whitening, as well as pain management therapy. Its Diode systems consist of the ezlase, iLase, and Diolase 10 systems. The company also provides related accessories and disposable products for its laser systems, which include disposable laser tips, flexible fibers, hand pieces, and tooth whitening gel kits. BIOLASE Technology, Inc. sells its products through direct sales force and a network of independent distributors in the United States and internationally. The company was formerly known as Societe Endo Technic, SA and changed its name to BIOLASE Technology, Inc. in 1994. BIOLASE Technology, Inc. was founded in 1984 and is headquartered in Irvine, California.
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