Market Maker Surveillance Report. QBC, SFEG, HDY, EGLE, EK, MNTA, Losing Stocks With Lowest Price Friction For Tuesday, Januar
January 25, 2011 / 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 2742 companies with "abnormal" market making, 2224 companies with positive Friction Factors and 2780 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. CUBIC ENERGY INC (AMEX:QBC), SANTA FE GOLD CORP (OTCBB:SFEG), HYPERDYNAMICS CORP (AMEX:HDY), EAGLE BULK SHIPPING INC (NASDAQ:EGLE), EASTMAN KODAK CO (NYSE:EK), MOMENTA PHARMACEUTICALS INC (NASDAQ:MNTA). 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 QBC $-0.110 -9.57% 111,577 21.21% 400,889 76.20% -289,312 -26,301 SFEG $-0.110 -9.65% 350,335 47.86% 378,194 51.66% -27,859 -2,533 HDY $-1.310 -22.86% 4,404,490 44.65% 4,546,360 46.09% -141,870 -1,083 EGLE $-0.450 -9.96% 5,334,657 43.68% 6,875,852 56.30% -1,541,195 -34,249 EK $-0.690 -13.22% 13,455,518 42.11% 16,214,002 50.75% -2,758,484 -39,978 MNTA $-3.150 -19.94% 4,246,712 47.58% 4,384,271 49.12% -137,559 -437
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 MNTA with a dollar loss Tuesday of $-3.15000 and a Friction Factor of -437 shares. That means that it only took 437 more shares of selling than buying to move MNTA 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.
CUBIC ENERGY INC (AMEX:QBC) - Cubic Energy, Inc., an independent energy company, engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids primarily in Texas and Louisiana. The companys Texas properties are located in Palo Pinto, Eastland, and Callahan Counties; and Louisiana properties are situated in Caddo Parish and in Desoto Parish. As of June 30, 2009, it had total proved reserves of approximately 21,076,880 thousand cubic feet of natural gas equivalent. The company was founded in 1978 and is based in Dallas, Texas.
SANTA FE GOLD CORP (OTCBB:SFEG) - Santa Fe Gold Corporation engages in the acquisition, exploration, and development of mineral properties in the United States. The company explores primarily for gold, silver, copper, mica, and micaceous iron oxide deposits. Its principal projects include the Summit silver-gold property and the Ortiz gold project, which are located in New Mexico; and the Black Canyon mica project located in Arizona. The company was founded in 1981 and is based in Albuquerque, New Mexico.
HYPERDYNAMICS CORP (AMEX:HDY) - Hyperdynamics Corporation operates as an independent oil and gas exploration and production company that is exploring for oil and gas offshore the Republic of Guinea in West Africa. It holds exploration and production license in the Republic of Guinea covering 9,650 square miles. The company was founded in 1996 and is headquartered in Houston, Texas.
EAGLE BULK SHIPPING INC (NASDAQ:EGLE) - Eagle Bulk Shipping Inc. engages in the ocean transportation of bulk cargoes in the dry bulk industry. The company primarily transports iron ore, coal, grain, cement, and fertilizer along worldwide shipping routes. As of December 31, 2009, it owned and operated a fleet of 27 oceangoing vessels with a combined carrying capacity of 1,412,535 deadweight tons. The company was founded in 2005 and is headquartered in New York, New York.
EASTMAN KODAK CO (NYSE:EK) - Eastman Kodak Company provides imaging technology products and services to the photographic and graphic communications markets worldwide. It operates in three segments: Consumer Digital Imaging Group (CDG); Film, Photofinishing, and Entertainment Group (FPEG); and Graphic Communications Group (GCG). The CDG segment offers consumer digital capture and devices, including digital still and pocket video cameras, digital picture frames, imaging essentials, accessories, memory products, snapshot printers and related media; retail kiosks and consumables, consumer and retailer software workflows, remote business monitoring, retail store merchandising and identity programs, and after sale service and support; imaging sensors; and all-in-one inkjet printers. It also provides online merchandise and sharing services. The FPEG segment comprises traditional photographic products and services, including paper, film, and chemistry used for consumer, professional, and industrial imaging applications, as well as those products and services used in the creation of motion pictures. It manufactures and markets motion picture, consumer, professional, industrial, and aerial films; one-time-use cameras; photographic paper and photo chemicals; and industrial components. The GCG segment provides digital and traditional prepress equipment and consumables, including plates, chemistry, and media; workflow software and digital controller development; color, and black and white electrophotographic equipment and consumables; commercial inkjet printing systems; production and workgroup document scanners; and micrographic peripherals and media. It also provides imaging services; and maintenance and professional services for other manufacturers products. This segment serves various customers in the creative, in-plant, data center, commercial printing, packaging, newspaper, and digital service bureau market segments. The company was founded in 1880 and is headquartered in Rochester, New York.
MOMENTA PHARMACEUTICALS INC (NASDAQ:MNTA) - Momenta Pharmaceuticals, Inc., a biotechnology company, specializes in the in the characterization and process engineering of complex molecules. These complex molecules include proteins, polypeptides, and cell surface polysaccharides, such as heparan-sulfate proteoglycans (HSPGs). The company applies its technology for the development of generic versions of complex drug products, as well as for the discovery and development of novel drugs. Its product candidates include M-Enoxaparin, a generic version of Lovenox to prevent and treat deep vein thrombosis, and to support the treatment of acute coronary syndromes; M356, a technology-enabled generic version of Copaxone for the reduction of the frequency of relapses in patients with relapse-remitting multiple sclerosis; M118, an anticoagulant for acute coronary syndromes; and M402, a novel HSPG-based product candidate. Momenta Pharmaceuticals has collaboration agreements with Sandoz AG and Sandoz Inc. to develop and commercialize injectable enoxaparin. The company was formerly known as Mimeon, Inc. and changed its name to Momenta Pharmaceuticals, Inc. in September 2002. Momenta Pharmaceuticals was founded in 2001 and is based in Cambridge, Massachusetts.
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