Market Maker Surveillance Report. CHGS, CXZ, ISPH, KYN, BIOF, FCEL, Losing Stocks With Lowest Price Friction For Monday, Janua
January 3, 2011 / M2 PRESSWIRE / BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Monday. 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 Monday there were 1737 companies with "abnormal" market making, 2793 companies with positive Friction Factors and 1096 companies with negative Friction Factors. Here is a list of the top companies with the largest percentage loss per share Monday 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. CHINA GENGSHENG MINERALS INC (AMEX:CHGS), CROSSHAIR EXPLORATION & MINI (AMEX:CXZ), INSPIRE PHARMACEUTICALS INC (NASDAQ:ISPH), KAYNE ANDERSON MLP INVESTMEN (NYSE:KYN), BIOFUEL ENERGY CORP (NASDAQ:BIOF), FUELCELL ENERGY INC (NASDAQ:FCEL). 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 CHGS $-0.980 -19.03% 3,600,726 42.23% 4,778,773 56.04% -1,178,047 -12,021 CXZ $-0.170 -6.75% 418,450 43.35% 508,365 52.67% -89,915 -5,289 ISPH $-4.870 -57.98% 11,526,789 48.67% 11,799,445 49.82% -272,656 -560 KYN $-2.450 -7.79% 180,744 45.50% 213,875 53.84% -33,131 -135 BIOF $-0.110 -6.32% 120,237 38.33% 193,423 61.67% -73,186 -6,653 FCEL $-0.200 -8.66% 2,271,779 41.09% 3,251,603 58.81% -979,824 -48,991
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 FCEL with a dollar loss Monday of $-0.20000 and a Friction Factor of -48,991 shares. That means that it only took 48,991 more shares of selling than buying to move FCEL 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.
CHINA GENGSHENG MINERALS INC (AMEX:CHGS) - China GengSheng Minerals, Inc., through its subsidiaries, develops, manufactures, and sells a range of mineral-based heat-resistant products, including monolithic refractories, industrial ceramics, fracture proppants, and fine precision abrasives. The companys monolithic refractories include castable, coating, and dry mix materials; low-cement and non-cement castables; and pre-cast roofs. The refractories are used as linings and key components in various industrial furnaces primarily in the iron, steel, cement, chemical, coal, glass, petro-chemical, and nonferrous industries. Its industrial ceramics comprise abrasive balls and tiles, valves, electronic ceramics, and structural ceramics that are used as components for various end products, such as fuses, vacuum interrupters, electrical components, mud slurry pumps, and high-pressure pumps used in the electric power, electronic component, industrial pump, and metallurgy industries. The companys fracture proppant products are ball-like pellets used to reach trapped pockets of oil and natural gas deposits that are trapped in the fractures under the ground. Its fine precision abrasives are used in surface-polishing and slicing precision instruments in various industries, including machine manufacturing, electronics, optical glass, architecture industry development, semiconductor, silicon chip, plastic, and lens. The company serves customers in the iron, steel, oil, glass, cement, aluminum, chemical, petroleum, coal, mining, utilities, solar, and optical equipment manufacturing industries in China, greater Asia, North America, and Europe. It sells its products directly, as well as through various distribution channels. China GengSheng Minerals, Inc. is based in Gongyi, the Peoples Republic of China.
CROSSHAIR EXPLORATION & MINI (AMEX:CXZ) - Crosshair Exploration & Mining Corp. engages in the acquisition, exploration, and development of mineral properties, primarily uranium, base, and precious metals in North America. It focuses on exploration activities in the province of Newfoundland and Labrador, Canada; and the states of Wyoming and Utah, the United States. The company was formerly known as International Lima Resources Corp. and changed its name to Crosshair Exploration & Mining Corp. in March 2004. Crosshair Exploration & Mining Corp. was incorporated in 1966 and is headquartered in Vancouver, Canada.
INSPIRE PHARMACEUTICALS INC (NASDAQ:ISPH) - Inspire Pharmaceuticals, Inc., a biopharmaceutical company, focuses on researching, developing, and commercializing prescription pharmaceutical products for ophthalmic and pulmonary diseases. The company offers AzaSite, an azithromycin ophthalmic solution and topical anti-infective for the treatment of bacterial conjunctivitis; Elestat, an epinastine HCl ophthalmic solution and topical antihistamine for the prevention of ocular itching associated with allergic conjunctivitis; and Restasis, a cyclosporine ophthalmic emulsion for the treatment of dry eye disease. Its product candidates in clinical development include Denufosol tetrasodium for the treatment of cystic fibrosis, which is under phase III clinical trial; Prolacria for the treatment of dry eye disease, which is under phase III clinical trial; AzaSite for the treatment of blepharitis that is under phase II clinical trial; and Glaucoma product candidates, which are in phase I clinical trial. The company has an agreements with Allergan, Inc. to co-promote Elestat in the United States, as well as to develop and commercialize Restasis and Prolacria; a license agreement with InSite Vision Incorporated to commercialize AzaSite, as well as other topical anti-infective products containing azithromycin used in the treatment of human ocular or ophthalmic indications primarily in the United States and Canada; and a development, license, and supply agreement with Santen Pharmaceutical Co., Ltd. for the development of diquafosol tetrasodium for the therapeutic treatment of ocular surface diseases in Asia. Inspire Pharmaceuticals, Inc. was founded in 1993 and is based in Durham, North Carolina.
KAYNE ANDERSON MLP INVESTMEN (NYSE:KYN) - Kayne Anderson Mlp Invt
BIOFUEL ENERGY CORP (NASDAQ:BIOF) - BioFuel Energy Corp. engages in the production and sale of ethanol and its co-products primarily in the United States. The company has two ethanol plants that produce 115 million gallons of ethanol per year, which are located in Wood River, Nebraska and Fairmont, Minnesota. It sells its products to its third party marketer and distributor. The company was founded in 2006 and is headquartered in Denver, Colorado.
FUELCELL ENERGY INC (NASDAQ:FCEL) - FuelCell Energy, Inc. engages in the development and manufacture of fuel cell power plants for electric power generation primarily in the United States, Canada, Germany, Japan, and South Korea. Its core carbonate fuel cell products include Direct FuelCell or DFC Power Plants for stationary power generation applications. The company also develops carbonate fuel cell and planar solid oxide fuel cell technology. Its proprietary carbonate DFC power plants electrochemically produce electricity directly from readily available hydrocarbon fuels, such as natural gas and biogas fuels. The company serves manufacturers; mission critical institutions, including correction facilities and government installations; and hotels and customers, such as breweries, food processors, and wastewater treatment facilities, who use renewable gas for fuel. FuelCell Energy, Inc. was founded in 1969 and is headquartered in Danbury, Connecticut.
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