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Market Maker Surveillance Report. APP, IBCP, JTX, CPF, ONSM, WHX, Losing Stocks With Lowest Price Friction For Monday, January

^{Published on 2011-01-24 17:51:00 - WOPRAI}
 

January 24, 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 2640 companies with "abnormal" market making, 3242 companies with positive Friction Factors and 1991 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. AMERICAN APPAREL INC (AMEX:APP), INDEPENDENT BANK CORP - MICH (NASDAQ:IBCP), JACKSON HEWITT TAX SERVICE (NYSE:JTX), CENTRAL PACIFIC FINANCIAL CO (NYSE:CPF), ONSTREAM MEDIA CORP (NASDAQ:ONSM), WHITING USA TRUST I (NYSE:WHX). 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
     APP        $-0.290      -22.48%      2,116,989       34.13%       3,959,917       63.85%       -1,842,928      -63,549 
     IBCP       $-0.340      -10.06%      180,631         47.71%       197,969         52.29%       -17,338         -510    
     JTX        $-0.220      -12.79%      1,004,399       40.82%       1,466,779       59.62%       -462,380        -21,017 
     CPF        $-0.180      -10.00%      214,655         28.64%       497,168         66.32%       -282,513        -15,695 
     ONSM       $-0.220      -15.71%      131,921         49.07%       136,925         50.93%       -5,004          -227    
     WHX        $-4.990      -23.02%      1,351,687       40.53%       1,771,548       53.11%       -419,861        -841    

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 WHX with a dollar loss Monday of $-4.99000 and a Friction Factor of -841 shares. That means that it only took 841 more shares of selling than buying to move WHX 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.

AMERICAN APPAREL INC (AMEX:APP) - American Apparel, Inc. engages in the design, manufacture, and retail of fashion apparel for women, men, children, and pets. It primarily offers T-shirts, denim, sweaters, and jackets. The company also operates a wholesale business that supplies T-shirts and other casual wear to authorized distributors, screen printers, and advertising specialty companies. American Apparel sells its products through retail and wholesale distribution channels, as well as through its online retail e-commerce Web site, americanapparel.com. As of March 20, 2010, it operated 280 retail stores in 20 countries, including the United States, Canada, Mexico, Brazil, the United Kingdom, Ireland, Austria, Belgium, France, Germany, Italy, the Netherlands, Spain, Sweden, Switzerland, Israel, Australia, Japan, South Korea, and China. The company was founded in 1998 and is headquartered in Los Angeles, California.

INDEPENDENT BANK CORP - MICH (NASDAQ:IBCP) - Independent Bank Corporation operates as a holding company for the Independent Bank that provides various commercial banking services in Michigan. The company offers various deposit products, including non-interest bearing demand deposits, time deposits, checking and savings accounts, and NOW accounts. It also provides commercial lending, direct and indirect consumer financing, and safe deposit box services. The company, through its other subsidiaries, offers mortgage lending services, payment plans used by consumers to purchase vehicle service contracts, and title insurance services, as well as provides investment and insurance services. As of June 25, 2010, it operated approximately 100 offices across Michigans Lower Peninsula. The company was founded in 1864 and is based in Ionia, Michigan.

JACKSON HEWITT TAX SERVICE (NYSE:JTX) - Jackson Hewitt Tax Service Inc. engages in the computerized preparation of federal, state, and local individual income tax returns in the United States. It also engages in the electronic filing of the customers tax returns. The company offers its services through a network of franchised and company-owned tax offices operating under the Jackson Hewitt Tax Service brand name. In addition, it offers a range of financial products, such as refund anticipation loans, which are made by a third party financial institution to a customer and secured by a customers anticipated federal tax refund; assisted refunds that are provided by third party financial institutions, which offer customers with the ability to have their tax return preparation fees and other charges withheld directly from their tax refund; and gold guarantee, an extended warranty that a customer may purchase whereby the taxpayer may be reimbursed up to a set limit for any additional tax liability owed due to an error in the preparation of the customers tax return. Further, the company provides various disbursement options for financial products, including direct deposit, check, or on the ipower Card, a prepaid Visa card. As of April 30, 2009, its network comprised 5,610 franchised offices and 974 company-owned offices. The company was founded in 1985 and is headquartered in Parsippany, New Jersey.

CENTRAL PACIFIC FINANCIAL CO (NYSE:CPF) - Central Pacific Financial Corp. operates as the bank holding company for Central Pacific Bank that provides commercial banking services to businesses, professionals, and individuals in Hawaii. The company offers various deposit products and services, including time and demand deposits, personal and business checking accounts, savings accounts, money market accounts, and time certificates of deposit. Its loan portfolio comprises commercial loans, construction loans, commercial and residential mortgage loans, consumer loans, and commercial real estate loans. The company also provides various products and services consisting of debit cards, Internet banking, cash management services, travelers checks, safe deposit boxes, international banking services, night depository facilities, and wire transfers. In addition, it offers wealth management products and services, including non-deposit investment products, annuities, insurance, investment management, asset custody, and general consultation and planning services. As of March 16, 2010, it operated 37 branches and approximately 100 automated teller machines in Hawaii. The company was founded in 1954 and is based in Honolulu, Hawaii.

ONSTREAM MEDIA CORP (NASDAQ:ONSM) - Onstream Media Corporation operates as an online service provider of live and on-demand Internet video, corporate Web communications, and content management applications. Its Digital Media Services Group consists of Webcasting, Digital Media Services Platform (DMSP), User Generated Content (UGC), Smart Encoding, and Travel divisions. The Webcasting division provides Web-based media services to the corporate market, including live audio and video Webcasting, packaged corporate announcements, and rich media information storage and distribution. The DMSP division offers an online subscription-based service that comprises access to enabling technologies and features for clients to acquire, store, index, secure, manage, distribute, and transform digital assets into saleable commodities. The UGC division provides a video ingestion and flash encoder that could be used by its clients on a stand-alone basis or in conjunction with the DMSP. The Smart Encoding division provides automated and manual encoding and editorial services for processing digital media, and online search, retrieval, and streaming of these media, which include photos, videos, audio, engineering specs, architectural plans, and Web pages. The Travel division produces Internet-based multi-media streaming videos related to hotels, resorts, time-shares, golf facilities, and other travel destinations. The companys Audio and Web Conferencing Services Group comprises Infinite Conferencing, and EDNet divisions. The Infinite Conferencing division offers reservationless and operator-assisted audio and Web conferencing services. The EDNet division provides connectivity within the entertainment and advertising industries through its managed network, which encompasses production and post-production companies, advertisers, producers, directors, and talent. Onstream Media Corporation was founded in 1993 and is headquartered in Pompano Beach, Florida.

WHITING USA TRUST I (NYSE:WHX) - Whiting USA Trust I is a REIT. The trust was founded in 2007 and is based in Austin, Texas. Whiting USA Trust I operates as a subsidiary of Whiting Petroleum Corp.

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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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