Market Maker Surveillance Report. ONTY, BBX, SCMR, BASI, MSB, TELOZ, Losing Stocks With Lowest Price Friction For Thursday, De
December 23, 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 2625 companies with "abnormal" market making, 2417 companies with positive Friction Factors and 2925 companies with negative Friction Factors. Here is a list of the top companies with the largest percentage loss per share Thursday 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. ONCOTHYREON INC (NASDAQ:ONTY), BANKATLANTIC BANCORP INC-A (NYSE:BBX), SYCAMORE NETWORKS INC (NASDAQ:SCMR), BIOANALYTICAL SYSTEMS INC (NASDAQ:BASI), MESABI TRUST (NYSE:MSB), TEL OFFSHORE TRUST (NASDAQ:TELOZ). 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 ONTY $-0.400 -10.28% 241,328 46.82% 274,089 53.18% -32,761 -819 BBX $-0.130 -10.08% 450,601 33.73% 886,353 66.34% -435,752 -33,519 SCMR $-6.500 -23.84% 311,889 47.29% 344,455 52.23% -32,566 -50 BASI $-0.350 -17.07% 60,027 36.10% 103,830 62.45% -43,803 -1,252 MSB $-5.030 -10.88% 662,334 39.36% 838,205 49.82% -175,871 -350 TELOZ $-0.200 -11.43% 36,245 33.28% 72,449 66.53% -36,204 -1,810
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 TELOZ with a dollar loss Thursday of $-0.20000 and a Friction Factor of -1,810 shares. That means that it only took 1,810 more shares of selling than buying to move TELOZ 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.
ONCOTHYREON INC (NASDAQ:ONTY) - Oncothyreon Inc., a clinical-stage biopharmaceutical company, focuses primarily on the development of therapeutic products for the treatment of cancer. Its product under development includes ONT-10, a synthetic MUC1-based liposomal glycolipopeptide cancer vaccine for use in various cancer indications, including breast, thyroid, colon, stomach, pancreas, and prostate, as well as in certain types of lung cancer. The company is also developing small molecule drugs, such as PX-866, a Phase I trial product for the patients with advanced metastatic cancer; and PX-478 that completed enrollment in a Phase I trial for the patients with advanced metastatic cancer. It operates in Canada, the United States, Barbados, and Europe. The company was founded in 1985 and is headquartered in Seattle, Washington.
BANKATLANTIC BANCORP INC-A (NYSE:BBX) - BankAtlantic Bancorp, Inc. operates as the holding company for BankAtlantic that provides retail and commercial banking products and services in Florida. It offers deposit products, including commercial demand deposit accounts, retail demand deposit accounts, savings accounts, money market accounts, certificates of deposit, various negotiable order of withdrawal accounts and individual retirement accounts, and Keogh retirement accounts. The companys lending portfolio comprises commercial real estate loans, commercial business loans, standby letters of credit and commitments, consumer loans, small business loans, and residential loans. As of December 31, 2009, it offered its services through approximately 100 branches in Florida. The company was founded in 1952 and is based in Ft. Lauderdale, Florida.
SYCAMORE NETWORKS INC (NASDAQ:SCMR) - Sycamore Networks, Inc. develops and markets intelligent bandwidth management solutions for fixed line and mobile network operators worldwide. Its portfolio of optical switches, multiservice cross-connects, and multiservice access platforms serve applications that extend across the network infrastructure from multiservice access and regional backhaul to the optical core. The companys products comprise optical switches, such as SN 16000, SN 3000, and SN 9000 optical switching products that enable bandwidth management in regional and core optical networks; and network-aware management systems and interfaces, including SILVX that empowers comprehensive performance management, in-service scalability, and service delivery without compromising existing systems. It also offers multiservice cross-connect and access products, such as Multiservice Cross-Connects for traffic aggregation and grooming which handle narrowband to broadband switching and transport; Multiservice Access Platforms comprising the IAB-3000 integrated access bank and the SPS-1000 signaling process system that support voice and data integration at end-user sites and in telemetry applications; Access Gateways, including DNX-1u access gateways, which improve site visibility and control; and ENvision Plus network management software that provides provisioning, path protection, and disaster recovery. In addition, the companys product offerings include a portfolio of post-sales customer support services, such as network planning and deployment, logistics, product training, online technical assistance, and maintenance contracts. Sycamore Networks serves domestic and international wireline and wireless network service providers, utility companies, large enterprises, multiple systems operators, and government entities. The company was founded in 1998 and is based in Chelmsford, Massachusetts.
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.
MESABI TRUST (NYSE:MSB) - Mesabi Trust operates as a grantor trust in the United States. It holds interests in various iron ore properties in the Mesabi Iron Range, including its interest as assignor in the Amended Assignment of Peters Lease and the Amended Assignment of Cloquet Lease, which cover properties aggregating approximately 9,750 contiguous acres in St. Louis County, Minnesota. The company also owns interests in Mesabi Land Trust, which holds a 20% interest as fee owner in the Peters Lease Lands, and a 100% fee ownership in various non-mineral-bearing lands adjacent to the Peters and Cloquet Lease Lands. Its Peters Lease Lands and the Cloquet Lease Lands are located at the northeastern end of the Mesabi Iron Range and contain mineral deposits consisting of a sedimentary bed of banded magnetite in siliceous gangue, a form of low-grade iron ore known as taconite. The company was founded in 1919 and is based in New York, New York.
TEL OFFSHORE TRUST (NASDAQ:TELOZ) - TEL Offshore Trust owns interest in the TEL Offshore Trust Partnership. The company owns overriding royalty interests in various oil and gas properties, located offshore Louisiana. TEL Offshore Trust was founded in 1983 and is based in Austin, Texas.
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