Market Maker Surveillance Report. XPRT, ABCW, MNI, ACAD, FLL, WAMKQ, Losing Stocks With Lowest Price Friction For Tuesday, Feb
February 8, 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 2568 companies with "abnormal" market making, 3092 companies with positive Friction Factors and 2188 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. LECG Corporation - Common Stock (NASDAQ:XPRT), ANCHOR BANCORP WISCONSIN INC (NASDAQ:ABCW), MCCLATCHY CO-CLASS A (NYSE:MNI), ACADIA PHARMACEUTICALS INC (NASDAQ:ACAD), FULL HOUSE RESORTS INC (AMEX:FLL), Washington Mutual De (OTC:WAMKQ). 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 XPRT $-0.580 -34.11% 799,631 41.43% 1,125,275 58.31% -325,644 -5,615 ABCW $-0.300 -18.99% 459,227 41.22% 654,393 58.74% -195,166 -6,506 MNI $-0.610 -12.22% 2,042,978 45.16% 2,137,662 47.26% -94,684 -1,552 ACAD $-0.220 -12.02% 110,741 44.86% 136,139 55.14% -25,398 -1,154 FLL $-0.650 -13.40% 426,234 42.54% 492,378 49.14% -66,144 -1,018 WAMKQ $-0.070 -11.67% 41,750 33.40% 68,035 54.43% -26,285 -3,755
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 WAMKQ with a dollar loss Tuesday of $-0.07000 and a Friction Factor of -3,755 shares. That means that it only took 3,755 more shares of selling than buying to move WAMKQ 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.
LECG Corporation - Common Stock (NASDAQ:XPRT) - LECG Corporation (LECG) provides expert services, including economic and financial analysis, expert testimony, litigation support and strategic management consulting. The Company's experts are either its employees or independent contractors. Services are provided by academics, recognized industry leaders and former high-level government officials with the assistance of a professional support staff. These experts deliver independent expert testimony and original studies in both adversarial and non-adversarial environments, and conducts economic, financial and statistical analyses to provide opinions and strategic advice to legislative, judicial, regulatory and business decision makers. These services are provided primarily in the United States from Emeryville, California, and the Company's 19 other offices across the country. LECG also has international offices in Argentina, Australia, Belgium, Canada, France, New Zealand, South Korea, Spain and the United Kingdom. During the year ended December 31, 2004, LECG increased the number of its experts to 289 and increased the number of its professional staff by 34% to 398.
LECG provides independent expert testimony, original authoritative studies and strategic advice to Fortune Global 500 companies, major law firms and local, state and federal government agencies in the United States and internationally. Its experts include faculty and former faculty from many of the world's universities.
These experts include contributors to academic and professional literature in economics and finance, forensic accounting, electronic discovery, environmental damages assessment, telecommunications regulation and deregulation, electricity market design, public policy, healthcare and intellectual property valuation. Many of these experts also have hands-on industry experience or have worked in or with government agencies, such as the United States Department of Justice, the United States Federal Trade Commission, the Environmental Protection Agency and national treasuries around the world.
LECG's management structure is decentralized, and it provides experts with autonomy and intellectual freedom. The Company also develops experts from within the firm. Its experts and professional staff have specialized knowledge in economic, financial and statistical theories, electronic data organization, forensic accounting and other areas requiring complex analyses. In addition, these experts and professional staff also possess in-depth knowledge of specific markets, regulations and industries.
Expert Testimony
LECG's experts provide independent oral and written expert testimony on behalf of plaintiffs and defendants in trial, arbitration and mediation proceedings, as well as in matters before regulatory agencies and legislative bodies. The Company's experts have testified throughout the world on matters, such as antitrust, class certification, complex merger filings, contract damages, employment discrimination, damage quantification and on the valuation of a range of intellectual property assets, including patents, copyrights, trademarks, trade secrets and trade dress.
Authoritative Studies
LECG prepares and provides independent authoritative studies generally in connection with litigation, such as studies containing detailed economic, financial and statistical analyses. Authoritative studies are often commissioned in support of expert testimony or to analyze proposed regulations or legislation. Large amounts of information and data must often be assembled by staff to facilitate these analyses. The Company also conducts studies that are used during arbitration and negotiation.
Advisory Services
LECG's experts and professional staff provide independent strategic advice and expert consulting, particularly in industries with a heavy regulatory or legal component. This advice is usually provided to senior management of clients. Services include the analysis and evaluation of potential mergers and the integration of businesses, the economic analysis of prospective investments, risk ma
ANCHOR BANCORP WISCONSIN INC (NASDAQ:ABCW) - Anchor BanCorp Wisconsin Inc. operates as the holding company for AnchorBank, fsb, which provides various financial products and services in Wisconsin, Iowa, Minnesota, and Illinois. Its deposit products include passbook savings accounts, demand deposits, interest bearing checking accounts, money market accounts, and certificates of deposit. The company originates single-family residential, multi-family residential, commercial real estate, construction, and land mortgage loans; consumer loans, including second mortgage and home equity, and education loans; and commercial business loans. It also invests in real estate partnerships. In addition, the company provides credit cards, annuities, and related consumer financial services. As of March 31, 2009, it operated 73 branch offices and 2 loan origination offices. The company was founded in 1919 and is based in Madison, Wisconsin.
MCCLATCHY CO-CLASS A (NYSE:MNI) - The McClatchy Company operates as a newspaper publisher in the United States. The companys newspapers include The Miami Herald, The Sacramento Bee, the Fort Worth Star-Telegram, The Kansas City Star, The Charlotte Observer, and The (Raleigh) News & Observer. As of December 27, 2009, it owned 30 daily newspapers and approximately 43 non-dailies in 29 markets. The company also operates local Websites that offer users information, comprehensive news, advertising, e-commerce, and other services, as well as engages in direct marketing and direct mail operations. In addition, it owns a portfolio of digital assets, including 14.4% of CareerBuilder LLC, an online job site; and 33.3% of HomeFinder, LLC, which operates the online real estate Website HomeFinder.com., as well as 25.6% of Classified Ventures LLC, a newspaper industry partnership that offers classified Websites, such as the auto Website, cars.com and the rental site, Apartments.com. The McClatchy Company was founded in 1860 and is headquartered in Sacramento, California.
ACADIA PHARMACEUTICALS INC (NASDAQ:ACAD) - ACADIA Pharmaceuticals, Inc., a biopharmaceutical company, focuses on drug discovery and clinical development of novel treatments for central nervous system disorders. The company is developing a portfolio of four product candidates, including pimavanserin, which is being developed for three separate neurological and psychiatric indications in collaboration with Biovail. These indications include Parkinsons disease psychosis that is in Phase III development; adjunctive therapy for schizophrenia, which is in Phase III planning; and Alzheimers disease psychosis, for which ACADIA is planning to initiate a Phase II feasibility study. The company also has other products under development, including a product candidate in Phase II development for chronic pain; and a product candidate in Phase I development for glaucoma, both in collaboration with Allergan, as well as a program in IND-track development in collaboration with Meiji Seika Kaisha. The products in ACADIAs pipeline emanate from discoveries made using its proprietary drug discovery platform. The company, formerly known as Receptor Technologies, Inc., was founded in 1993 and is headquartered in San Diego, California.
FULL HOUSE RESORTS INC (AMEX:FLL) - Full House Resorts, Inc., together with its subsidiaries, develops, manages, and invests in gaming related opportunities. The company holds interest in Gaming Entertainment Delaware, LLC, a joint venture with Harrington Raceway, Inc., which has a management contract with Harrington Raceway and Casino that has approximately 2,100 gaming devices, a 450-seat buffet, a dining restaurant, a 50-seat diner, and an entertainment lounge area. It also holds interests in Gaming Entertainment Michigan, LLC that has a joint venture with RAM Entertainment, LLC, which has a management agreement with the Nottawaseppi Huron Band of Potawatomi Indians for the development and management of the FireKeepers Casino in Battle Creek, Michigan. In addition, Full House Resorts owns and operates Stockmans Casino, which has approximately 265 slot machines, 4 table games, and keno, as well as a bar, a dining restaurant, and a coffee shop. The company was founded in 1987 and is based in Las Vegas, Nevada.
Washington Mutual De (OTC:WAMKQ) - Washington Mutual De
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