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Market Maker Surveillance Report. KNKT, NENE, FIATY, CHKE, IVD, REDF, Losing Stocks With Lowest Price Friction For Monday, Jan

^{Published on 2011-01-31 17:50:59 - WOPRAI}
 

January 31, 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 2692 companies with "abnormal" market making, 3017 companies with positive Friction Factors and 2186 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. KUNEKT CORP (:KNKT), NEW ENERGY TECHNOLOGIES INC (OTCBB:NENE), FIAT SPA-SPONS ADR (OTC:FIATY), CHEROKEE INC (NASDAQ:CHKE), IVAX DIAGNOSTICS INC (AMEX:IVD), REDIFF.COM INDIA LIMITED-ADR (NASDAQ:REDF). 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       $-0.230      -16.08%      1,183,943       28.82%       2,722,999       66.29%       -1,539,056      -66,915 
     NENE       $-0.280      -16.67%      293,781         29.50%       631,791         63.44%       -338,010        -12,072 
     FIATY      $-11.790     -54.58%      31,801          24.04%       58,247          44.03%       -26,446         -22     
     CHKE       $-2.120      -11.68%      149,533         42.24%       191,735         54.16%       -42,202         -199    
     IVD        $-0.120      -10.71%      109,527         33.37%       208,408         63.50%       -98,881         -8,240  
     REDF       $-0.880      -12.48%      370,104         37.74%       607,945         62.00%       -237,841        -2,703  

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 REDF with a dollar loss Monday of $-0.88000 and a Friction Factor of -2,703 shares. That means that it only took 2,703 more shares of selling than buying to move REDF 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.

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.

NEW ENERGY TECHNOLOGIES INC (OTCBB:NENE) - New Energy Technologies, Inc., through its subsidiaries, engages in the identification, acquisition, development, and commercialization of alternative energy technologies. It focuses on the development of MotionPower, a technology for capturing the kinetic energy of moving vehicles in order to use this captured energy to generate electricity; and SolarWindow, a technology that enables transparent glass windows to generate electricity by coating their glass surfaces with small solar cells. The company was formerly known as Octillion Corp. and changed its name to New Energy Technologies, Inc. in January 2009. New Energy Technologies, Inc. was founded in 1998 and is based in Burtonsville, Maryland.

FIAT SPA-SPONS ADR (OTC:FIATY) - Fiat S.p.A. manufactures and sells automobiles, agricultural and construction equipment, and commercial vehicles. The companys Automobiles segment manufactures and markets automobiles and commercial vehicles under Fiat, Lancia, Alfa Romeo, Fiat Professional, Abarth, Maserati, and Ferrari brands, as well as provides financial services through the Fiat Group Automobiles Financial Services joint venture with the Credit Agricole group. Its Maserati segment produces and markets luxury sports cars under Maserati brand. The companys Ferrari segment manufactures and markets luxury sports cars under Ferrari brand, and manages the Formula 1 racing cars. Its Agricultural and Construction Equipment segment manufactures and sells tractors and agricultural equipment under the CaseIH and the New Holland brands, and construction equipment under the Case and New Holland brands. This segment also provides financial services to its end customers and dealers. The companys Trucks and Commercial Vehicles segment produces and sells commercial vehicles, buses, and special use vehicles. Its Fiat Powertrain Technologies segment manufactures car engines and transmissions. The companys Components segment produces and sells components for lighting systems, engine control units, suspension and shock absorbers systems, electronic systems, and exhaust systems. Its Metallurgical Products segment produces and sells cast iron components for engines, transmissions and suspension systems, and aluminum cylinder heads. The companys Production System segment designs and produces industrial automation systems and related products for the automotive industry. Its Publishing and Communications segment publishes the newspaper, La Stampa, and sells advertising space in the print, television, and Internet media. The company sells its products primarily through dealer networks worldwide. Fiat S.p.A. was founded in 1899 and is headquartered in Turin, Italy.

CHEROKEE INC (NASDAQ:CHKE) - Cherokee Inc., together with its subsidiary, SPELL C. LLC, markets and licenses brand names and trademarks for apparel, footwear, and accessories primarily in the United States, Canada, Mexico, the United Kingdom, Europe, and South Africa. It owns various trademarks, including Cherokee, Sideout, Sideout Sport, Carole Little, CLII, Saint Tropez-West, Chorus Line, All That Jazz, and Molly Malloy. The company also assists other brand-owners, companies, wholesalers, and retailers in identifying licensees or licensors for their brands or stores. As of January 30, 2010, it had 25 licensing agreements. The company has a strategic relationship with Target Corporation (Target) that grants Target the exclusive right in the United States to use the Cherokee trademarks in certain categories of merchandise. Cherokee Inc. was founded in 1988 and is based in Van Nuys, California.

IVAX DIAGNOSTICS INC (AMEX:IVD) - IVAX Diagnostics, Inc., through its subsidiaries, engages in the development, manufacture, and marketing of diagnostic test kits and automated systems that are used to aid in the detection of disease markers primarily in the areas of autoimmune and infectious diseases. The companys tests are based on enzyme linked immunosorbent assay (ELISA) technology, a clinical testing methodology. It offers laboratory instruments, including Mago 4, Mago Plus, and Aptus systems that perform the tests in an automated mode; and develops, manufactures, and markets autoimmune reagents and research products for use by research laboratories and commercial diagnostic manufacturers to produce autoimmune diagnostic kits. IVAX Diagnostics sells its products to hospitals, reference laboratories, clinical and research laboratories, and pharmaceutical and biotechnology companies, as well as to other commercial companies that manufacture diagnostic products primarily in the United States and Europe. The company was founded in 1980 and is headquartered in Miami, Florida.

REDIFF.COM INDIA LIMITED-ADR (NASDAQ:REDF) - Rediff.com India Limited provides online Internet based services with a focus on India and the global Indian community. Its Web sites consist of interest specific channels relevant to Indian interests, including cricket; astrology; matchmaker and movies; content on various matters, such as news and finance; search facilities; a range of community features comprising e-mail, chat, messenger, and e-commerce; and broadband wireless content, as well as short messaging services for the mobile phone subscribers in India. The company also publishes two weekly newspapers, including India Abroad and India in New York for the Indian-American community in the United States and Canada. As of March 31, 2009, it had 77.9 million online registered users. The company was formerly known as Rediff Communication Private Limited and changed its name to Rediff.com India Limited in February 2000. Rediff.com India Limited was founded in 1996 and is headquartered in Mumbai, India.

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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"

RegSHO Naked Shorts -- tracks EVERY failure to deliver in all US stocks and tracks all Threshold Security Lists daily for which stocks have naked shorts that are not in compliance with Regulation SHO

INVESTMENTS & TRADING

SqueezeTrigger -- 29 billion cell database tracks EVERY short sale (not just total short interest) in all US stocks and calculates volume weighted price that a short squeeze will begin in each stock.

Earnings Edge -- predicts probability, price move and length of move before and after all US stock earnings reports.

Seasonality -- predicts probability, price move and length of move based on exact time of year for all US stocks.

Group Trader -- tracks sector rotation and stock correlation to its sector and predicts future moves in ALL sectors and industry groups.

Pattern Scan -- automates tracking of every technical pattern and predicts time and size of move in all stocks.

GATS (Global Automated Trading System) -- tracks all known trading strategies and qualifies and quantifies which are working best in real time.

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