Market Maker Surveillance Report. MBND, BVX, FRZ, SCOK, CHGS, LTUS, Losing Stocks With Lowest Price Friction For Thursday, Mar
March 31, 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 2400 companies with "abnormal" market making, 3029 companies with positive Friction Factors and 2409 companies with negative Friction Factors. Here is a list of the top companies with the largest percentage loss per share Thursday 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. MULTIBAND CORP (NASDAQ:MBND), BOVIE MEDICAL CORP (AMEX:BVX), REDDY ICE HOLDINGS INC (NYSE:FRZ), SINOCOKING COAL AND COKE CHE (NASDAQ:SCOK), CHINA GENGSHENG MINERALS INC (AMEX:CHGS), LOTUS PHARMACEUTICALS INC (OTCBB:LTUS). 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 MBND $-1.520 -25.46% 683,103 50.31% 747,947 55.09% -64,844 -427 BVX $-0.310 -9.09% 28,365 32.71% 52,844 60.94% -24,479 -790 FRZ $-0.300 -9.09% 302,736 47.16% 313,648 48.86% -10,912 -364 SCOK $-0.880 -9.65% 212,129 35.19% 384,343 63.76% -172,214 -1,957 CHGS $-0.470 -13.39% 969,781 45.70% 1,161,462 54.74% -191,681 -4,078 LTUS $-0.110 -9.24% 75,539 32.45% 134,773 57.90% -59,234 -5,385Analysis 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 MBND with a dollar loss Thursday of $-1.52000 and a Friction Factor of -427 shares. That means that it only took 427 more shares of selling than buying to move MBND 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.
MULTIBAND CORP (NASDAQ:MBND) - Multiband Corporation and its subsidiaries engage in the provision of voice, data, and video services to multi-dwelling unit and single family home customers in the United States. The company operates in two segments, Home Service Provider (HSP) and Multi-Dwelling Unit (MDU). The HSP segment engages in the installation and servicing of DirecTV video programming, Internet, and home security systems for the residents of single family homes. The MDU segment serves as a master service operator for DirecTV, a provider of satellite television service. This segment offers satellite television services to residents of multi-dwelling units through a network of affiliated operators. As of March 15, 2010, Multiband Corporation had approximately 120,000 owned and managed subscriptions. The company was formerly known as Vicom, Incorporated and changed its name to Multiband Corporation in July 2004. Multiband Corporation was founded in 1933 and is based in New Hope, Minnesota.
BOVIE MEDICAL CORP (AMEX:BVX) - Bovie Medical Corporation engages in the development, manufacture, and marketing of medical products and devices, primarily electrosurgical generators and disposables in the United States and Canada. The company offers electrosurgery line of products, including desiccators, generators, electrodes, electrosurgical pencils, and various ancillary disposable products used during surgical procedures in gynecology, urology, plastic surgery, dermatology, veterinary, and other surgical markets for the cutting and coagulation of tissue. Its product line comprises Aaron 900 and Aaron 940, desiccators designed primarily for dermatology and family practice physicians; Aaron 950, a desiccator with cut capacity for outpatient surgical procedures; Aaron 1250U, a 120-watt multipurpose electrosurgery generator, as well as various digital electrosurgery generators; and the SEER line of products for liver, pancreatic, and kidney tumor therapies. The company also offers battery operated cauteries for sculpting woven grafts in bypass surgery and vasectomies; evacuation of subungual hematoma; and for arresting bleeding in various surgeries. In addition, it manufactures specialty lighting instruments for use in ophthalmology; and specialty lighting instruments for general surgery, hip replacement surgery, and for the placement of endotracheal tubes in emergency and surgical procedures, as well as offers physicians office use penlights. Further, the company provides a nerve locator stimulator primarily used for identifying motor nerves in hand and facial reconstructive surgery. Bovie Medical Corporation was founded in 1982 and is based in Melville, New York.
REDDY ICE HOLDINGS INC (NYSE:FRZ) - Reddy Ice Holdings, Inc. engages in the manufacture and distribution of packaged ice in the United States. The company offers ice in various forms, including cube, half-moon, cylindrical, crushed, and block forms. It markets its products, under the Reddy Ice brand name, to supermarket chains, mass merchants, convenience stores, wholesale ice and food distributors, commercial and industrial users, bars and restaurants, sporting and other special event venues, agricultural buyers, competitive producers, and self-suppliers. Reddy Ice serves its customers in 33 states and the District of Columbia. The company was founded in 2003 and is headquartered in Dallas, Texas.
SINOCOKING COAL AND COKE CHE (NASDAQ:SCOK) - SinoCoking Coal & Coke Chemical Industries, Inc. produces and markets coal products, including coke, raw and washed coal, and chemical byproducts in the People's Republic of China. It operates a coal mine located in Baofeng County, a part of Pingdingshan Prefecture south of the provincial capital of Zhengzhou. The company offers metallurgical coke, which is primarily used in steel manufacturing; and chemical coke that is used principally for synthesis gas production. It also produces medium coal and coal slurries, as well as by-products, such as coal tar and coal gas. The company is based in Pindingshan, the People's Republic of China.
CHINA GENGSHENG MINERALS INC (AMEX:CHGS) - China GengSheng Minerals, Inc., through its subsidiaries, develops, manufactures, and sells a range of mineral-based heat-resistant products, including monolithic refractories, industrial ceramics, fracture proppants, and fine precision abrasives. The companys monolithic refractories include castable, coating, and dry mix materials; low-cement and non-cement castables; and pre-cast roofs. The refractories are used as linings and key components in various industrial furnaces primarily in the iron, steel, cement, chemical, coal, glass, petro-chemical, and nonferrous industries. Its industrial ceramics comprise abrasive balls and tiles, valves, electronic ceramics, and structural ceramics that are used as components for various end products, such as fuses, vacuum interrupters, electrical components, mud slurry pumps, and high-pressure pumps used in the electric power, electronic component, industrial pump, and metallurgy industries. The companys fracture proppant products are ball-like pellets used to reach trapped pockets of oil and natural gas deposits that are trapped in the fractures under the ground. Its fine precision abrasives are used in surface-polishing and slicing precision instruments in various industries, including machine manufacturing, electronics, optical glass, architecture industry development, semiconductor, silicon chip, plastic, and lens. The company serves customers in the iron, steel, oil, glass, cement, aluminum, chemical, petroleum, coal, mining, utilities, solar, and optical equipment manufacturing industries in China, greater Asia, North America, and Europe. It sells its products directly, as well as through various distribution channels. China GengSheng Minerals, Inc. is based in Gongyi, the Peoples Republic of China.
LOTUS PHARMACEUTICALS INC (OTCBB:LTUS) - Lotus Pharmaceuticals, Inc. develops, manufactures, and sells pharmaceuticals in the Peoples Republic of China. The company markets valsartan capsules under the Maixin name to treat hypertension; eye drops under the Muxin name to treat glaucoma; and Octreotide Acetate Injection solution under the Yipubishan name for treating gastric ulcers. It also offers Junxin branded Levofloxacin, an anti-bacterial drug to treat mild, moderate, and severe infections caused by susceptible trains of acute maxillary sinusitis, acute bacterial exacerbation of chronic bronchitis, community-acquired pneumonia, and acute pyelonephritis, as well as complicated and uncomplicated skin and skin structure infections, and urinary tract infections; and Nicergoline for Injection, an a-receptor blockage nerve system blood-brain medicine. The companys product pipeline under the pending SFDA approval status includes Isosorbide Mononitrate-sustained release tablets to prevent angina; Gliclazide-controlled release tablets to control hyperglycemia; and Laevo-Bambutero to treat acute and chronic asthma. Its development stage products comprise Total Hawthorn Flavonoids-sustained release tablets to control high blood pressure; and controlled release tablets, such as Doxazosin for curing benign prostatic hyperplasia, Nifedipine for curing hypertension and angina, Lovastatin for treating hypolipidemic, Simvastatin to treat hypolipidemic, Verapamil Hydrochloride for curing variant angina and unstable angina, and Valsartan for curing high blood pressure. The company also involves in retailing Western and traditional Chinese medications, and medical treatment equipment through retail locations; the research and development, and lab testing projects for third parties; leasing space to retail merchants and licensed medical practitioners; advertising; and the sale of developed drug formulas. As of December 31, 2009, it operated 10 drug stores. The company is based in Beijing, the Peoples Republic of China.
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