Market Maker Surveillance Report. DCTH, ESLR, ADAT, GTXI, SIFY, QTM, Winning Stocks With Lowest Price Friction For Wednesday,
April 13, 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 2568 companies with "abnormal" market making, 2508 companies with positive Friction Factors and 2763 companies with negative Friction Factors. Here is a list of the top companies with the largest percentage gain per share Wednesday and low price friction (bullish). This means that there was more buying than selling in the stocks and their stock prices rose faster with less Friction. DELCATH SYSTEMS INC (NASDAQ:DCTH), EVERGREEN SOLAR INC (NASDAQ:ESLR), AUTHENTIDATE HOLDING CORP (NASDAQ:ADAT), GTX INC (NASDAQ:GTXI), SIFY TECHNOLOGIES-SPON ADR (NASDAQ:SIFY), QUANTUM CORP (NYSE:QTM). 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 DCTH $1.430 19.70% 3,050,284 48.03% 2,932,166 46.17% 118,118 826 ESLR $0.280 20.74% 1,822,708 55.60% 1,451,607 44.28% 371,101 13,254 ADAT $0.240 28.99% 697,282 70.28% 294,799 29.72% 402,483 16,770 GTXI $0.810 29.45% 2,023,439 52.87% 1,713,816 44.78% 309,623 3,823 SIFY $0.840 18.38% 1,232,879 53.87% 972,284 42.48% 260,595 3,102 QTM $0.500 18.87% 5,868,010 48.11% 4,883,453 40.04% 984,557 19,691Analysis of the Friction Factor chart above shows that each of the six stocks mentioned above have high net buy volumes (buy volume, sell volume) and 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 DCTH with a dollar gain Wednesday of $1.43000 and a Friction Factor of 826 shares. That means that it only took 826 more shares of buying than selling to move DCTH higher by one penny. The Market Makers are currently allowing the stock to rise quickly (low friction). The combination of low friction and positive market direction can drive prices higher much faster than normal.
DELCATH SYSTEMS INC (NASDAQ:DCTH) - Delcath Systems, Inc., a development stage company, develops and manufactures devices to administer high dose chemotherapy and other therapeutic agents directly to diseased organs or regions of the body. It focuses on the development of the Delcath PHP System, a Phase III clinical trial product, which isolates the liver from the patients general circulatory system and delivers high dose of melphalan hydrochloride or other therapeutic agents directly to the liver. The Delcath PHP System kit includes an arterial infusion catheter, a multi-passageway/double balloon catheter, a blood tubing filtration circuit, two hemoperfusion filters, a return catheter/a thin-walled blood sheath, and a series of introducers and related accessories to properly place the catheters. The company also conducts Phase II clinical trials to test the Delcath PHP System with melphalan against liver cancer, neuroendocrine tumors, hepatocellular carcinoma, ocular or cutaneous melanoma, and metastatic adenocarcinoma that have spread to the liver, and melanomas metastatic to the liver that have received prior regional treatment. It has a cooperative research and development agreement with the National Cancer Institute to develop and evaluate the Delcath PHP System device. Delcath Systems, Inc. was founded in 1988 and is based in New York, New York.
EVERGREEN SOLAR INC (NASDAQ:ESLR) - Evergreen Solar, Inc. develops, manufactures, and markets solar power products primarily in the United States and Europe. The company manufactures String Ribbon solar panels utilizing its proprietary wafer manufacturing technology, which involves a process to produce multi-crystalline silicon wafers by growing thin strips of silicon that are cut into wafers. Its products include wafers, which are flat pieces of crystalline silicon that can be processed and assembled into solar cells; cells, devices made from silicon wafer and convert sunlight into electricity by means of a process known as the photovoltaic effect; and panels, which are assemblies of solar cells that are electrically interconnected and laminated in a durable and weather-tight package. It sells its products through domestic and international distributors, system integrators, project developers, and other resellers. The company has a strategic partnership agreement with Q-Cells AG. Evergreen Solar, Inc. was founded in 1994 and is based in Marlboro, Massachusetts.
AUTHENTIDATE HOLDING CORP (NASDAQ:ADAT) - Authentidate Holding Corp. provides secure health information exchange, workflow management services, and telehealth solutions worldwide. The companys software and Web-based services eliminate paper and manual work steps from clinical and administrative processes. It delivers Web-based services as software as a service. The companys customers and users include homecare companies, health systems, and physician groups, which utilize the companys products and services to coordinate care for patients outside of acute-care. It also offers its patent pending content authentication technology in the form of the United States Postal Service Electronic Postmark (USPS EPM) in the United States. The company was formerly known as Bitwise Designs, Inc. and changed its name to Authentidate Holding Corp. in March 2001. Authentidate Holding Corp. was founded in 1985 and is based in Berkeley Heights, New Jersey with an additional office in Germany.
GTX INC (NASDAQ:GTXI) - GTx, Inc., a biopharmaceutical company, engages in the discovery, development, and commercialization of small molecules to treat cancer, osteoporosis and bone loss, muscle loss, and other serious medical conditions. The company markets FARESTON (toremifene citrate) 60 mg tablets for the treatment of metastatic breast cancer in postmenopausal women through wholesale drug distributors in the United States. It is developing Toremifene citrate 80 mg, which completed pivotal Phase III clinical trial to reduce fractures and treat other estrogen deficiency side effects of androgen deprivation therapy in men with prostate cancer; and Toremifene 20 mg that is in pivotal Phase III clinical trial for the prevention of prostate cancer in high risk men with precancerous prostate lesions called high grade prostatic intraepithelial neoplasia. The company is also developing selective androgen receptor modulators comprising Ostarine, which completed Phase II clinical trials for the treatment of cancer cachexia and chronic sarcopenia; and GTx-758, an oral luteinizing hormone that completed two Phase I clinical trials for the treatment of advanced prostate cancer. It has a partnership agreement with Ipsen S.A. for the development and commercialization of toremifene 80 mg for the reduction of fractures in men with advanced prostate cancer on androgen deprivation therapy and toremifene 20 mg for the prevention of prostate cancer in patients with high grade prostatic intraepithelial neoplasia lesions. GTx, Inc. was founded in 1997 and is headquartered Memphis, Tennessee.
SIFY TECHNOLOGIES-SPON ADR (NASDAQ:SIFY) - Sify Technologies Limited provides Internet, network, and electronic commerce services primarily in India. The companys corporate network/data services comprise various Internet protocol-based virtual private network offerings, including intranets, extranets, and remote access applications. It also offers application services, such as Web site design, development, content management, search engine optimization, hosting, domain name management, secure socket layer certificate for Web sites, and server space in required operating system and database. In addition, the company provides security solutions comprising security design, procurement, and integration; implementation services for security products; and assurance services, such as information systems audit, risk assessment, and business continuity/disaster recovery planning. Additionally, Sify operates Internet data centers in Mumbai, Chennai, and Bangalore; and provides Internet trust, remote management, and voice over Internet protocol (VoIP) services. Further, it offers Internet access services, including high-speed/broadband access to homes over cable, public Internet access from its network of e-ports, and VoIP and dial-up access to homes. The company also facilitates Web based learning for various organizations. As of March 31, 2009, it had 1,651 e-ports in 253 towns and cities. Sify also owned and operated 547 telecommunication facilities in approximately 500 towns and cities that enable its customers to connect to the Internet through a local telephone call. The company primarily serves information technology enabled service companies, as well as banking, financial services, insurance, publishing, retail, pharmaceuticals, and manufacturing industries. It has a strategic partnership with the Power Grid Corporation of India to provide enterprise network services; and with VMware, Inc. The company was formerly known as Sify Limited. Sify was founded in 1995 and is headquartered in Chennai, India.
QUANTUM CORP (NYSE:QTM) - Quantum Corporation operates as a storage company that provides backup, recovery, and archive solutions to small businesses to multinational enterprises in the United States and internationally. Its open systems solutions include three platforms, such as DXi-Series disk-based de-duplication and replication systems for backup and restore; Scalar tape automation products for disaster recovery and long-term data retention; and StorNext data management software for high-performance file sharing and archiving. The company sells its products through value added resellers, direct marketing resellers, branded channels, distributors, and original equipment manufacturers. Quantum Corporation was founded in 1980 and is headquartered in San Jose, California.
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