Market Maker Surveillance Report. ATEA, ANIK, IVD, TSTY, CBEH, WAC, Losing Stocks With Lowest Price Friction For Monday, March
March 28, 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 2594 companies with "abnormal" market making, 2207 companies with positive Friction Factors and 3361 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. ASTEA INTL INC (NASDAQ:ATEA), ANIKA THERAPEUTICS INC (NASDAQ:ANIK), IVAX DIAGNOSTICS INC (AMEX:IVD), TASTY BAKING CO (NASDAQ:TSTY), CHINA INTEGRATED ENERGY INC (NASDAQ:CBEH), WALTER INVESTMENT MANAGEMENT (AMEX:WAC). 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 ATEA $-0.900 -15.44% 127,479 42.94% 164,487 55.41% -37,008 -411 ANIK $-1.220 -11.98% 190,384 39.89% 286,758 60.09% -96,374 -790 IVD $-0.360 -26.87% 1,033,831 45.20% 1,113,384 48.68% -79,553 -2,210 TSTY $-0.330 -15.79% 118,365 44.27% 149,022 55.73% -30,657 -929 CBEH $-1.090 -28.89% 7,686,080 48.30% 8,145,721 51.19% -459,641 -4,217 WAC $-2.200 -11.41% 984,382 41.38% 1,170,366 49.20% -185,984 -845Analysis 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 ATEA with a dollar loss Monday of $-0.90000 and a Friction Factor of -411 shares. That means that it only took 411 more shares of selling than buying to move ATEA 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.
ASTEA INTL INC (NASDAQ:ATEA) - Astea International Inc. develops, markets, and supports service management software solutions worldwide. It licenses its solutions to various companies that sell and service equipment, and/or sell and deliver professional services. The company offers Astea Alliance suite, which consists of series of applications that address lead generation, project quotation, service and billing, and asset retirement services. It integrates and optimizes business processes for campaigns, call center, depot repair, field service, logistics, projects, and sales and order processing; and provides mobile, dynamic scheduling, portals, business intelligence, tools, and services solutions, as well as offers infrastructure tools and services. The company also provides FieldCentrix Enterprise suite, a service management solution that runs on various mobile devices, including handheld computers, laptops and PCs, and pocket PC devices, as well as integrates with CRM and ERP applications. In addition, Astea International Inc. provides consulting, training, and customer support services to implement its products and integrate with other corporate systems, such as back-office financial and ERP applications. Its solutions are used in various industries, including information technology, medical devices and diagnostic systems, industrial controls and instrumentation, retail systems, office automation, imaging systems, facilities management, telecommunications, and other industries with equipment sales and service requirements. Astea International Inc. markets its products through a network of direct and indirect sales and services offices, as well as through value-added resellers, system integrators, sales agents, and original equipment manufacturer partners. The company was formerly known as Applied System Technologies, Inc. and changed its name to Astea International Inc. in 1992. Astea International Inc. was founded in 1979 and is headquartered in Horsham, Pennsylvania.
ANIKA THERAPEUTICS INC (NASDAQ:ANIK) - Anika Therapeutics, Inc. develops, manufactures, and commercializes therapeutic products for tissue protection, healing, and repair. Its products are based on hyaluronic acid (HA), a naturally occurring biocompatible polymer found in the body. The company offers ORTHOVISC, which is used for the treatment of osteoarthritis in knees and various joints; ORTHOVISC mini that is used for the treatment of osteoarthritis in small joints; and MONOVISC, a single injection product used for the treatment of osteoarthritis in various joints. It also provides wound care products that comprise Hyalograft 3D used for the regeneration of skin; and Hyalomatrix used for the treatment of burns and ulcers. In addition, the company offers AMVISC, AMVISC Plus, STAARVISC-II, and ShellGel, which are injectable HA products used as viscoelastic agents in ophthalmic surgical procedures, such as cataract extraction and intraocular lens implantation. Further, it provides INCERT, a HA based product used for the prevention of post-surgical adhesions; Hyalobarrier and Hyalobarrier Endo, which are post operative adhesion barriers for abdominal indications; and HYVISC, an HA product used for the treatment of joint dysfunction in horses due to non-infectious synovitis associated with equine osteoarthritis. Additionally, the company offers Merogel, a product used for the treatment of ear, nose, and throat disorders. It also provides products for facial wrinkles and scar remediation under the HYDRELLE and ELEVESS brand names. Anika Therapeutics, Inc. sells its products directly, as well as through a network of distributors primarily in the United States, Europe, and Turkey. The company was founded in 1983 and is headquartered in Bedford, Massachusetts.
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. As of September 1, 2010, IVAX Diagnostics Inc. operates as a subsidiary of ERBA Diagnostics Mannheim GmbH.
TASTY BAKING CO (NASDAQ:TSTY) - Tasty Baking Company, together with its subsidiaries, manufactures, co-packages, and sells sweet baked goods. The company offers single portion cakes, pies, donuts, snack bars, pretzels, brownies, honey buns, mini donuts, and donut holes under the trademark, TASTYKAKE. It also offers sponge cakes under the JUNIORS and KRIMPETS trademarks, as well as chocolate enrobed cakes under the trademark, KANDY KAKES. In addition, the company produces a line of sugar-free single portion cakes and snack bars under the name TASTYKAKE Sensables. Tasty Baking Company sells its products principally through independent sales distributors to approximately 16,000 retail outlets primarily in Delaware, Maryland, New Jersey, New York, Ohio, Pennsylvania, and Virginia, as well as through distributorships and grocery chains. It also sells its products through the tastykake.com program. Tasty Baking Company was founded in 1914 and is headquartered in Philadelphia, Pennsylvania.
CHINA INTEGRATED ENERGY INC (NASDAQ:CBEH) - China Integrated Energy, Inc. operates as an integrated energy company in China. It engages in the wholesale distribution of various finished oil and heavy oil products, including gasoline, diesel, and naphtha to distributors that supply to retail service stations, as well as directly to end users through its retail gas stations. As of March 9, 2010, the company owned and operated 12 retail gas stations in China. It also involves in the production and sale of biodiesel to oil product trading companies, as well as end users comprising gas stations, electric power companies, and shipping companies. The company was formerly known as China Bio Energy Holding Group Co., Ltd. and changed its name to China Integrated Energy, Inc. in September 2009. China Integrated Energy, Inc. was founded in 1999 and is headquartered in Xi'an City, China.
WALTER INVESTMENT MANAGEMENT (AMEX:WAC) - Walter Investment Management Corp., a real estate investment trust (REIT), operates as a mortgage portfolio owner and mortgage servicer, specializing in sub prime, non-conforming, and other credit challenged residential loans primarily in the southeastern United States. It also operates mortgage advisory and insurance ancillary businesses. The company has elected to be taxed as a real estate investment trust. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders. The company was founded in 1958 and is based in Tampa, Florida.
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