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Market Maker Surveillance Report. HAWK, WRES, TELK, HTM, MCZ, CAGC, Losing Stocks With Lowest Price Friction For Wednesday, Fe

^{Published on 2011-02-16 17:50:38 - WOPRAI}
 

February 16, 2011 / M2 PRESSWIRE / BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Wednesday. 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 Wednesday there were 2525 companies with "abnormal" market making, 3552 companies with positive Friction Factors and 1887 companies with negative Friction Factors. Here is a list of the top companies with the largest percentage loss per share Wednesday 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. SEAHAWK DRILLING INC (NASDAQ:HAWK), WARREN RESOURCES INC (NASDAQ:WRES), TELIK INC (NASDAQ:TELK), US GEOTHERMAL INC (AMEX:HTM), MAD CATZ INTERACTIVE INC (AMEX:MCZ), CHINA AGRITECH INC (NASDAQ:CAGC). 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
     HAWK       $-0.590      -12.14%      2,310,129       45.70%       2,740,101       54.21%       -429,972        -7,288  
     WRES       $-0.550      -10.48%      2,141,460       40.56%       2,757,836       52.23%       -616,376        -11,207 
     TELK       $-0.130      -11.21%      175,170         43.32%       229,235         56.68%       -54,065         -4,159  
     HTM        $-0.120      -11.21%      374,148         27.39%       937,870         68.66%       -563,722        -46,977 
     MCZ        $-0.210      -10.55%      4,309,185       40.17%       5,840,748       54.45%       -1,531,563      -72,932 
     CAGC       $-1.770      -19.22%      1,270,564       45.37%       1,490,951       53.24%       -220,387        -1,245  

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 CAGC with a dollar loss Wednesday of $-1.77000 and a Friction Factor of -1,245 shares. That means that it only took 1,245 more shares of selling than buying to move CAGC 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.

SEAHAWK DRILLING INC (NASDAQ:HAWK) - Seahawk Drilling, Inc. engages in a jackup rig business in the United States, Gulf of Mexico, and offshore Mexico. The company offers rigs and drilling crews on a day rate contractual basis. Its Jackup rigs are mobile and self-elevating drilling platforms equipped with legs that can be lowered to the ocean floor and provide shallow water drilling services. Its customers include independent oil and natural gas producers and drilling service providers, as well as the national oil company in Mexico. As of February 23, 2010, the company had a fleet of 20 jackup rigs. Seahawk Drilling, Inc. was incorporated in 2008 and is based in Houston, Texas.

WARREN RESOURCES INC (NASDAQ:WRES) - Warren Resources, Inc., an independent energy company, engages in the exploration and development of onshore oil and gas reserves in the United States. It primarily develops coalbed methane and natural gas properties located in the Rocky Mountain region; and waterflood oil recovery programs in the Wilmington field within the Los Angeles Basin of California. As of December 31, 2009, Warren Resources owned natural gas and oil leasehold interests in approximately 160,053 gross acres; had estimated net proved reserves of 124 billion cubic feet equivalent of natural gas; and had interests in 449 gross producing wells. The company was founded in 1990 and is based in New York, New York.

TELIK INC (NASDAQ:TELK) - Telik, Inc., a clinical stage drug development company, focuses on discovering and developing small molecule drugs to treat cancer. The companys advanced investigational drug candidates in clinical development are TELINTRA, a modified glutathione analog for the treatment of cytopenias due to myelodysplastic syndrome or chemotherapy; and TELCYTA, a tumor-activated prodrug for the treatment of advanced ovarian cancer and non-small cell lung cancer. Its preclinical drug product candidates for the treatment of cancer comprise TLK60404, a small molecule compound inhibiting Aurora kinase and VEGFR kinase; and TLK60596, a small-molecule dual inhibitor of VEGFR1 and VEGFR2 kinase. Telik's product candidates are discovered using its proprietary drug discovery technology, TRAP that enables the rapid and efficient discovery of small molecule drug candidates. The company was founded in 1988 and is based in Palo Alto, California.

US GEOTHERMAL INC (AMEX:HTM) - U.S. Geothermal Inc. engages in the acquisition, development, and utilization of geothermal resources in the western region of the United States. It constructs and manages power plants that utilize geothermal resources to produce energy. The company owns interests in the Raft River project that consists of 10 parcels comprising approximately 783.93 acres of fee land and 4,736.79 acres of contiguous leased geothermal rights located in Cassia County, Idaho; and the Neal Hot Springs located in eastern Oregon. It also has interests in a 3.6 MW operating geothermal power plant and approximately 30,734.21 acres of geothermal energy leases, as well as certain ground water rights in north of Reno, Nevada; geothermal rights for 3,615 acres located in northwestern Nevada near the town of Gerlach; Granite Creek assets, which include approximately 5,414 acres of geothermal leases located about 6 miles north of Gerlach, Nevada; and a geothermal concession consisting of approximately 24,710 acres in the Republic of Guatemala. The company was founded in 2002 and is based in Boise, Idaho.

MAD CATZ INTERACTIVE INC (AMEX:MCZ) - Mad Catz Interactive, Inc. designs, manufactures, markets, and distributes accessories for videogame platforms, personal computers (PC), and iPod and other audio devices. Its products include videogame, PC, and audio accessories, such as control pads, video cables, steering wheels, joysticks, memory cards, light guns, flight sticks, dance pads, microphones, car adapters, carry cases, mice, keyboards, and headsets. The company also markets videogame enhancement products; and publishes videogames. It markets its accessories under the Mad Catz, Saitek, Joytech, GameShark, and AirDrives brand names. The company sells its products to retailers of interactive entertainment products directly in the United States, Europe, Canada, Australia, China, Japan, Korea, New Zealand, and Singapore, as well as through distributors. Mad Catz Interactive, Inc. was founded in 1989 and is headquartered in San Diego, California.

CHINA AGRITECH INC (NASDAQ:CAGC) - China Agritech, Inc., through its subsidiaries, manufactures and sells organic liquid compound fertilizers, organic granular compound fertilizers, and related agricultural products in the Peoples Republic of China. The companys product line consists of Lvlingbao III, a liquid fertilizer formulated for fruits and vegetables; and Lvlingbao IV, a liquid fertilizer formulated for crops of fruits, vegetables, and grains, as well as suitable for jet spray application. Its product line also includes Tailong I that acts as a liquid fertilizer, which is used for various crops and plants that can be tailored to local soil conditions; and Green Vitality, a fertilizer product, which can be applied to various crops. The company sells its products to end users, as well as through various distributors. China Agritech, Inc. was founded in 2003 and is based in Beijing, the Peoples Republic of China.

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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

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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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