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Market Maker Surveillance Report. KNDI, ORN, CPY, PPHM, BASI, ICGN, Losing Stocks With Lowest Price Friction For Tuesday, Dece

^{Published on 2010-12-21 19:01:14, Last Modified on 2010-12-22 19:50:25 - WOPRAI}
 

December 21, 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 2544 companies with "abnormal" market making, 3563 companies with positive Friction Factors and 1979 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. KANDI TECHNOLGIES CORP (NASDAQ:KNDI), ORION MARINE GROUP INC (NYSE:ORN), CPI CORP (NYSE:CPY), PEREGRINE PHARMACEUTICALS (NASDAQ:PPHM), BIOANALYTICAL SYSTEMS INC (NASDAQ:BASI), ICAGEN INC (NASDAQ:ICGN). 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
     KNDI       $-1.410      -21.04%      1,480,615       46.74%       1,656,147       52.28%       -175,532        -1,245  
     ORN        $-3.440      -23.34%      1,876,047       44.46%       2,057,813       48.77%       -181,766        -528    
     CPY        $-7.980      -26.19%      555,979         41.55%       605,837         45.27%       -49,858         -62     
     PPHM       $-0.330      -14.80%      971,164         41.25%       1,377,784       58.52%       -406,620        -12,322 
     BASI       $-0.910      -25.77%      74,056          41.81%       100,896         56.97%       -26,840         -295    
     ICGN       $-0.320      -15.09%      228,894         41.17%       327,097         58.83%       -98,203         -3,069  

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 ICGN with a dollar loss Tuesday of $-0.32000 and a Friction Factor of -3,069 shares. That means that it only took 3,069 more shares of selling than buying to move ICGN 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.

KANDI TECHNOLGIES CORP (NASDAQ:KNDI) - Kandi Technologies Corp., through its subsidiaries, engages in the design, development, manufacture, and commercialization of off-road vehicles, motorcycles, mini-cars, and special automobile related products. Its off-road vehicles include all-terrain vehicles, specialized utility vehicles, and go-karts. The company sells its products through third-party and independent distributors in the Peoples Republic of China, Asia, North America, Europe, and Australia. Kandi Technologies Corp. is based in Jinhua, the Peoples Republic of China.

ORION MARINE GROUP INC (NYSE:ORN) - Orion Marine Group, Inc. operates as a marine specialty contractor serving the heavy civil marine infrastructure market. The company provides a range of marine construction and specialty services on, over, and under the water along the Gulf Coast, the Atlantic Seaboard, and the Caribbean Basin, as well as the Pacific Northwest. The companys marine construction services include construction of marine transportation facilities, marine pipelines, bridges and causeways, and marine environmental structures. Its marine transportation facility construction projects comprise public port facilities for container ship loading and unloading; cruise ship port facilities; private terminals; recreational use marinas and docks; and other marine-based facilities. Orion Marine Groups marine pipeline service projects consist of the installation and removal of underwater buried pipeline transmission lines; installation of pipeline intakes and outfalls for industrial facilities; construction of pipeline outfalls for wastewater and industrial discharges; river crossing and directional drilling; and creation of hot taps and tie-ins. Its bridge and causeway projects include the construction, repair, and maintenance of bridges and causeways, as well as the development of fendering systems in marine environments; and marine environmental structure projects primarily comprise the installation of concrete mattresses to ensure erosion protection, and the installation of geotubes for wetlands and island creation. In addition, the company offers dredging services; specialty services, including salvage, demolition, surveying, towing, diving and underwater inspection, excavation, and repair; diving services; and survey services, including surveying pipelines and performing hydrographic surveys. Its customers include federal, state, and local governmental agencies, as well as private commercial and industrial enterprises. The company was founded in 1994 and is headquartered in Houston, Texas.

CPI CORP (NYSE:CPY) - CPI Corp., through its subsidiaries, provides professional portrait photography services. The company engages in selling and manufacturing portrait photography of babies, preschoolers, school-age children, adults, families/groups, weddings, passports, and churches. It focuses on the sale of packages and portrait collections. The company owns and operates portrait studios under the PictureMe Portrait Studio brand, which include the PictureMe Portrait Studios in the United States; and the Wal-Mart Portrait Studios in Canada and Mexico. It also operates portrait studios in Wal-Mart Stores and supercenters. In addition, CPI Corp. provides on-line sales and services through its Web site searsphotos.com. As of February 2, 2009, the company operated 3,046 professional portrait studios in the United States, Canada, Mexico, and Puerto Rico principally under license agreements. CPI Corp. was founded in 1979 and is headquartered in St. Louis, Missouri.

PEREGRINE PHARMACEUTICALS (NASDAQ:PPHM) - PEREGRINE PHARMA

BIOANALYTICAL SYSTEMS INC (NASDAQ:BASI) - Bioanalytical Systems, Inc. provides contract development services and research equipment to pharmaceutical, medical research, and biotechnology companies and institutions worldwide. The company operates in two segments, Contract Research Services and Research Products. The Contract Research Services segment provides various services, including screening and pharmacological testing, preclinical safety testing, formulation development, regulatory compliance, and quality control testing. The Research Products segment designs, develops, manufactures, and markets in vivo sampling systems and accessories, including disposables, training, and systems qualification; physiology monitoring tools; and liquid chromatography and electrochemistry instruments platforms. This segment offers three principal product lines: analytical products, in vivo sampling products, and vetronics products. The analytical products consist of liquid chromatographic and electrochemical instruments with associated accessories. The in vivo sampling products consist of the Culex family of automated in vivo sampling and dosing instruments. These are used by pharmaceutical researchers to dose animals and collect biological samples from the animals. The vetronics products consist of instruments and related software to monitor and diagnose cardiac function (electro-cardiogram) and measure other vital physiological parameters primarily in cats and dogs in veterinary clinics. Bioanalytical Systems, Inc. was founded in 1974 and is headquartered in West Lafayette, Indiana.

ICAGEN INC (NASDAQ:ICGN) - Icagen, Inc., a biopharmaceutical company, focuses on the discovery, development, and commercialization of orally-administered small molecule drugs that modulate ion channel targets. Its drug candidates include ICA-105665, which has completed Phase I multiple ascending dose study in healthy volunteers and epilepsy patients for epilepsy and neuropathic pain; and Senicapoc, a small molecule potassium channel inhibitor under the Phase II proof-of-concept clinical trials for the treatment of asthma. The company also engages in conducting research and development activities in various disease areas, including epilepsy, pain, and inflammation. It has a collaborative research and license agreement with Pfizer Inc. for the discovery, development, manufacture, and commercialization of compounds and products that modulate three specific sodium ion channels as new potential treatments for pain and related disorders. The company was founded in 1992 and is based in Durham, North Carolina.

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

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