Market Maker Surveillance Report. CDII, ZBB, DARA, CPSL, FFEX, CHGI, Winning Stocks With Lowest Price Friction For Thursday, D
December 30, 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 2674 companies with "abnormal" market making, 2545 companies with positive Friction Factors and 2855 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. CHINA DIRECT INDUSTRIES INC (NASDAQ:CDII), ZBB ENERGY CORP (AMEX:ZBB), DARA BIOSCIENCES INC (NASDAQ:DARA), CHINA PRECISION STEEL INC (NASDAQ:CPSL), FROZEN FOOD EXPRESS INDS (NASDAQ:FFEX), CHINA CARBON GRAPHITE GROUP (OTCBB:CHGI). 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 CDII $0.430 30.07% 7,866,927 52.33% 7,153,968 47.59% 712,959 16,580 ZBB $0.220 23.16% 482,355 58.19% 346,514 41.81% 135,841 6,175 DARA $0.620 22.30% 493,178 56.54% 376,978 43.22% 116,200 1,874 CPSL $0.340 20.99% 4,182,519 55.12% 3,392,785 44.71% 789,734 23,227 FFEX $0.830 21.39% 85,083 44.27% 35,987 18.73% 49,096 592 CHGI $0.300 25.64% 341,731 77.41% 90,332 20.46% 251,399 8,380
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 CHGI with a dollar gain Thursday of $0.30000 and a Friction Factor of 8,380 shares. That means that it only took 8,380 more shares of buying than selling to move CHGI 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.
CHINA DIRECT INDUSTRIES INC (NASDAQ:CDII) - China Direct Industries, Inc. engages in the production and distribution of magnesium, and distributes basic materials in the Peoples Republic of China. The company operates two main segments, Magnesium and Basic Materials. The Magnesium segment produces and distributes various magnesium products, such as magnesium ingots, magnesium powders, magnesium alloys, various grades of magnesium slabs, and magnesium scraps. The Basic Materials segment involves in the sale and distribution of industrial grade synthetic chemicals consisting of glacial acetic acid and acetic acid derivatives, acrylic acid and acrylic ester, vinyl acetate-ethylene, and polyvinyl alcohol. It sells and distributes steel and non ferrous metals. In addition, this segment owns zinc mining rights and possesses production and distribution capability for zinc concentrate and lead. Further, China Direct Industries, Inc. offers consulting services to the United States and Chinese companies. These consulting services include investment and strategic planning, financing structures and arrangements, mergers, acquisitions and other business transactions, translation, managing and coordinating various necessary government approvals and licenses in the Peoples Republic of China, marketing, investor relations, and coordination of preparation of required SEC filings. The company was formerly known as China Direct, Inc. and changed its name to China Direct Industries, Inc. in May 2009. China Direct Industries, Inc. is headquartered in Deerfield Beach, Florida.
ZBB ENERGY CORP (AMEX:ZBB) - ZBB Energy Corporation develops, manufactures, and markets energy storage systems for utility companies, and commercial and industrial customers. Its energy storage solutions are based upon its proprietary zinc-bromine rechargeable electrical energy storage and power management technologies. The companys systems combine its zinc-bromine batteries with computer hardware and software that interface with a customers power source to recharge during off peak times and discharge power as needed. ZBB Energy Corporation markets its products under the trade names of ZESS 50, ZESS 500, and ZESS POWR. Its systems are used in various applications, including load management for generation, transmission, and distribution utilities; energy service companies; and commercial and industrial customers, as well as for the storage of renewable energy, such as wind and solar energy production in both grid connected and grid independent environments. These systems are also used for the uninterruptible power supply and power quality protection from voltage, current, or frequency deviations. The company was founded in 1981 and is based in Menomonee Falls, Wisconsin.
DARA BIOSCIENCES INC (NASDAQ:DARA) - DARA BioSciences, Inc., a development-stage pharmaceutical company, acquires promising therapeutic small molecules and develops them through proof of concept in humans for subsequent sale or out-licensing to larger pharmaceutical companies. The company has two drug candidates in development with cleared investigational new drug applications from the U.S. Food and Drug Administration. Its drug development programs include KRN5500, which completed a Phase IIa clinical trial for the treatment of neuropathic pain in cancer patients; and DB959 for the treatment of metabolic diseases, including type 2 diabetes. The company is headquartered in Raleigh, North Carolina.
CHINA PRECISION STEEL INC (NASDAQ:CPSL) - China Precision Steel, Inc., a steel processing company, engages in the manufacture and sale of high precision cold-rolled steel products in the People's Republic of China. The company produces and sells precision ultra-thin and high strength cold-rolled steel products with thicknesses ranging from 7.5 mm to 0.03 mm. It also provides heat treatment and cutting of medium and high carbon hot-rolled steel strips. The companys precision products are primarily used in the manufacture of automobile parts and components, steel roofing, plane friction discs, appliances, food packaging materials, saw blades, textile needles, and microelectronics. It sells its products primarily in the People's Republic of China, Thailand, Nigeria, and Ethiopia. The company is headquartered in Sheung Wan, Hong Kong.
FROZEN FOOD EXPRESS INDS (NASDAQ:FFEX) - Frozen Food Express Industries, Inc., together with its subsidiaries, provides temperature-controlled truckload and less-than-truckload services in the United States. It offers truckload linehaul, dedicated fleets, and less-than-truckload linehaul services, as well as brokerage services, including ocean, air, and international expedited services. The company primarily transports meat, ice, poultry, seafood, processed foods, candy and other confectionaries, dairy products, pharmaceuticals, medical supplies, fresh and frozen fruits and vegetables, cosmetics, film products, and Christmas trees. It also engages in the rental of trucks and refrigerated trailers for storage and transportation of perishable items. As of December 31, 2009, the company operated a fleet of 1,943 tractors, including 1,554 company-owned tractors and 389 tractors supplied by independent contractors, as well as maintained 3,786 trailers. Frozen Food Express Industries was founded in 1969 and is based in Dallas, Texas.
CHINA CARBON GRAPHITE GROUP (OTCBB:CHGI) - China Carbon Graphite Group, Inc. engages in the manufacture and sale of graphite based products in the People s Republic of China and internationally. The company offers graphite electrodes, which are used as electricity-conducting materials within electric arc furnaces for manufacture of steel and non-ferrous metals, such as brown alumina, yellow phosphorus, or other metals; fine grain graphite used to make graphite crucibles in various industries and continuous casting dies for non-ferrous metals and spark erosion tools in the automotive industry; and high purity graphite used in the chemistry industry, semiconductor material and precious metal smelting industry, food industry, and nuclear industry. It sells its products through distributors to end users that consist of companies in various industries, including automobiles, defense, molding, machinery, and tool manufacturers, as well as through direct sales, which consist of sales of the graphite electrodes to steel manufacturers and metallurgy companies and sales of the fine grain graphite and high purity graphite products to molding companies. The company is based in Xinghe County, China.
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