Market Maker Surveillance Report. KNKT, CRUS, BERK, MSHL, BSET, ACAT, Winning Stocks With Lowest Price Friction For Thursday,
January 27, 2011 / 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 2719 companies with "abnormal" market making, 2652 companies with positive Friction Factors and 2364 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. KUNEKT CORP (:KNKT), CIRRUS LOGIC INC (NASDAQ:CRUS), BERKSHIRE BANCORP INC (NASDAQ:BERK), MARSHALL EDWARDS INC (NASDAQ:MSHL), BASSETT FURNITURE INDS (NASDAQ:BSET), ARCTIC CAT INC (NASDAQ:ACAT). 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 KNKT $0.220 18.18% 3,164,450 77.37% 884,060 21.62% 2,280,390 103,654 CRUS $3.180 17.75% 9,371,264 54.26% 7,858,726 45.51% 1,512,538 4,756 BERK $1.340 21.07% 65,723 53.34% 53,997 43.82% 11,726 88 MSHL $0.500 18.80% 114,575 62.49% 68,764 37.51% 45,811 916 BSET $1.870 41.10% 222,355 63.44% 128,065 36.54% 94,290 504 ACAT $2.410 17.57% 303,737 58.23% 212,685 40.77% 91,052 378
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 ACAT with a dollar gain Thursday of $2.41000 and a Friction Factor of 378 shares. That means that it only took 378 more shares of buying than selling to move ACAT 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.
KUNEKT CORP (:KNKT) - Kunekt Corporation, a development stage company, focuses on providing single financial account card and related services to personal and business consumers. Its single financial account card would be able to access multiple financial accounts for a single purchase. The company was founded in 2007 and is based in Carson City, Nevada.
CIRRUS LOGIC INC (NASDAQ:CRUS) - Cirrus Logic, Inc. develops high-precision analog and mixed-signal integrated circuits (ICs). The company offers analog and mixed-signal audio converter and audio digital signal processor (DSP) products, which include analog-to-digital converters (ADCs); digital-to-analog converters (DACs); chips for integrating ADCs and DACs into an IC; digital interface ICs; volume controls; and digital amplifiers, as well as audio DSPs for consumer electronics applications, such as A/V receivers, digital TVs, and CobraNet ICs and modules for networked audio applications. Its audio products are used in various consumer applications, including audio/video receivers, DVD players and recorders, home theater systems, set-top boxes, MP3 players, gaming devices, sound cards, and digital televisions; professional applications comprising digital mixing consoles, multitrack digital recorders, and effects processors; automotive applications, which include amplifiers, satellite radio systems, telematics, and multi-speaker car-audio systems; and networked digital audio applications. The company also provides high-precision analog and mixed-signal ICs for energy control, energy measurement, and energy exploration applications; ICs, board-level modules, and hybrids for high-power PWM and power amplifier applications under the Apex Precision Power brand name; proprietary products, which include ADCs, DACs, linear amplifiers, PWM amplifiers, successive approximation register converters, and amplifier ICs; and system reference designs. It has operations in the United States, the Peoples Republic of China, the European Union, Hong Kong, Japan, South Korea, Taiwan, and the United Kingdom. The company sells its products through domestic sales force, external sales representatives, and distributors. Cirrus Logic, Inc. was founded in 1984 and is headquartered in Austin, Texas.
BERKSHIRE BANCORP INC (NASDAQ:BERK) - Berkshire Bancorp, Inc. operates as the holding company for The Berkshire Bank that provides various banking products and services to businesses, professionals, and retail customers primarily in New York City metropolitan area and the Villages of Goshen and Harriman. It offers a range of deposit products, including statement savings accounts, NOW accounts, money market deposits accounts, checking accounts, and certificates of deposits. The companys loan portfolio comprises commercial mortgage loans secured by office buildings, retail establishments, multi-family residential real estate, and other types of commercial property; commercial loans to businesses for inventory financing, working capital, machinery and equipment purchases, expansion, and other business purposes; and residential mortgage loans secured by first liens on one-to-four family owner-occupied or rental residential real estate, as well as residential single family construction, home equity, and short-term fixed-rate consumer loans. As of December 31, 2008, Berkshire Bank operated seven deposit-taking offices in New York City; four deposit-taking offices in Orange and Sullivan Counties, New York; and one deposit-taking office in Ridgefield, New Jersey. The company was founded in 1979 and is based in New York, New York.
MARSHALL EDWARDS INC (NASDAQ:MSHL) - Marshall Edwards, Inc., a developmental stage pharmaceutical company, engages in the development and commercialization of drugs for the treatment of cancer in the United States and Australia. The company involves in the clinical development and commercialization of its phenoxodiol drug candidates for the treatment of cancer; triphendiol, a signal transduction inhibitor for the treatment of pancreas and bile duct cancers, and melanoma; NV-143, an investigational anti-cancer drug to sensitize melanoma cell lines to the standard of care drug, dacarbazine, and members of the platinum drug family; and NV-128, an investigational cancer compound to promote cancer cell death by targeting the specific protein regulatory pathway in ovarian cancer cells. It is also conducting a Phase II prostate cancer clinical trial using phenoxodiol. The company was founded in 2000 and is based in North Ryde, Australia. Marshall Edwards, Inc. is a subsidiary of Novogen Limited.
BASSETT FURNITURE INDS (NASDAQ:BSET) - Bassett Furniture Industries, Incorporated, together with its subsidiaries, engages in the manufacture, marketing, and retail of branded home furnishings in the United States. It operates in three segments: Wholesale, Retail, and Investments/Real Estate. The Wholesale segment designs, manufactures, sources, sells, and distributes furniture products to a network of Bassett Furniture Direct (BFD) or Bassett Home Furnishings (BHF) stores, including independently-owned stores, company-owned retail stores, and partnership licensees; and independent furniture retailers. This segment also involves in wood and upholstery operations. The Retail segment operates 43 company-owned stores and 61 licensee-owned stores in Arizona, Alabama, Arkansas, Florida, Georgia, Maryland, Massachusetts, Missouri, Mississippi, Illinois, New Mexico, New York, North Carolina, South Carolina, Tennessee, Texas, and Virginia. The Investments/Real Estate segment holds interest in the Bassett Industries Alternative Asset Fund, a portfolio of marketable securities; an investment in the International Home Furnishings Center; and retail real estate utilized by licensee operated BFD and BHF stores. The company was founded in 1902 and is based in Bassett, Virginia.
ARCTIC CAT INC (NASDAQ:ACAT) - Arctic Cat Inc. designs, engineers, manufactures, and markets snowmobiles and all-terrain vehicles (ATVs) under the Arctic Cat brand name, as well as related parts, garments, and accessories. It offers replacement parts and accessory items, such as electric start and reverse kits, luggage racks and bags, backrests, machine covers, windshields, and colored accessories; and maintenance supplies, such as oil and fuel additives, track studs, and carbide runners for snow mobiles. The company also provides ATV parts and accessories, including winch kits, snow plow kits, MRP Speedrack accessories, portable lights, utility bags, and maintenance supplies. In addition, it offers snowmobile and ATV garments for adults and children under the Arcticwear and Arcticwear ATV Gear label, which include suits, jackets, pants, accessory garments, pull-overs, riding gloves, hats, boots, gear bags, sweatshirts, t-shirts, caps, and helmets. The company markets its products through a network of independent dealers in the United States, Canada, and Europe; and through distributors representing dealers in the Middle East, Asia, and other international markets. Arctic Cat Inc. was founded in 1982 and is based in Thief River Falls, Minnesota.
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