Market Maker Surveillance Report. MBND, MNEAF, ZANE, TRGL, PRWT, GFRE, Losing Stocks With Lowest Price Friction For Monday, Ap
April 25, 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 2681 companies with "abnormal" market making, 2278 companies with positive Friction Factors and 2924 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. MULTIBAND CORP (NASDAQ:MBND), MINERA ANDES INC (OTCBB:MNEAF), ZANETT INC (NASDAQ:ZANE), TOREADOR RESOURCES CORP (NASDAQ:TRGL), PREMIERWEST BANCORP (NASDAQ:PRWT), GULF RESOURCES INC (NASDAQ:GFRE). 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 $-0.450 -11.66% 74,385 38.69% 113,372 58.97% -38,987 -866 MNEAF $-0.300 -9.29% 221,287 32.78% 466,899 69.16% -245,612 -8,187 ZANE $-0.160 -12.90% 136,843 42.18% 187,565 57.82% -50,722 -3,170 TRGL $-0.830 -9.38% 607,053 47.34% 643,373 50.18% -36,320 -438 PRWT $-0.220 -10.28% 56,440 34.74% 104,343 64.22% -47,903 -2,177 GFRE $-0.340 -8.11% 818,328 45.01% 994,672 54.71% -176,344 -5,187Analysis 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 Monday of $-0.45000 and a Friction Factor of -866 shares. That means that it only took 866 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.
MINERA ANDES INC (OTCBB:MNEAF) - Minera Andes Inc. engages in the exploration and development of mineral properties located primarily in the Republic of Argentina. The company focuses on gold, silver, and copper mineralized targets. It holds mineral rights and applications for mineral rights covering approximately 304,221 acres. The company holds interest in the San Jose Mine, an operating silver and gold mine in Santa Cruz Province, Argentina; Los Azules Copper Project, a porphyry copper exploration project in San Juan Province, Argentina; and a portfolio of exploration properties in the Deseado Massif region of Southern Argentina. Minera Andes Inc. was founded in 1994 and is headquartered in Toronto, Canada.
ZANETT INC (NASDAQ:ZANE) - Zanett, Inc. provides customized information technology solutions to corporations and mid-market companies in the United States. It offers end-to-end business solutions, including services to initiate, develop, and implement e-business systems; application development; project management; business analysis; architecture design; package customization; testing and quality assurance, and implementation management; and implementation of enterprise resource planning, supply chain management, and customer relationship management systems. The company also provides voice and data communications network integration solutions that include the provision of hardware, peripheral equipment, and telecommunications lines for voice and data communications networks, as well as related security and design services. The company was founded in 1992 and is based in New York, New York.
TOREADOR RESOURCES CORP (NASDAQ:TRGL) - Toreador Resources Corporation, together with its subsidiaries, engages in the acquisition, development, exploration, and production of crude oil. The company primarily holds interests in the two conventional oilfield areas, including the Neocomian Complex and Charmottes fields located in the Paris Basin of France. As of December 31, 2009, the company owned interests in approximately 750,000 gross exploration acres; and had proved plus probable reserves of 9.1 thousand barrels and proved plus probable plus possible reserves of 14.3 thousand barrels. Toreador Resources Corporation was founded in 1951 and is headquartered in Paris, France.
PREMIERWEST BANCORP (NASDAQ:PRWT) - PremierWest Bancorp operates as the holding company for PremierWest Bank that provides a range of financial products and services to small and medium-sized businesses, professionals, and retail customers in southern and central Oregon and northern California. It generates various deposit products, including regular checking and savings accounts, money market accounts, individual retirement accounts, negotiable order of withdrawal accounts, time deposits, and certificates of deposit. The company originates various commercial and real estate loans; construction loans for owner-occupied and investment properties; and secured and unsecured consumer loans. It also offers safe deposit facilities, travelers checks, money orders, and automated teller machine services. In addition, the company offers investment brokerage services to its customers through a third-party broker-dealer arrangement, as well as through independent insurance companies for the sale of investment and insurance products, such as stocks, bonds, mutual funds, annuities, and other insurance products. As of December 31, 2009, it had a network of 48 full service branch offices, as well as 10 other office locations. The company was founded in 1999 and is headquartered in Medford, Oregon.
GULF RESOURCES INC (NASDAQ:GFRE) - Gulf Resources, Inc. and its subsidiaries manufacture and trade in bromine and crude salt, as well as manufacture chemical products for use in the oil industry and paper manufacturing industry in the Peoples Republic of China. Its bromine is used in brominated flame retardants, fumigants, water purification compounds, dyes, medicines, and disinfectants. The companys bromine is also used to form intermediates in organic synthesis. Gulf Resources, Inc. also manufactures and sells chemical products, such as hydroxyl guar gums, demulsified agents, corrosion inhibitors for acidizing, bactericides, chelants, iron ion stabilizers, clay stabilizing agents, flocculants agents, remaining agents, and expanding agents with enhanced gentleness, which are used in oil and gas field exploration, oil and gas distribution, oil field drilling, wastewater processing, papermaking chemical agents, and inorganic chemicals. In addition, it engages in the research and development of commonly used chemical products, as well as medicine intermediates. The company is based in Shouguang City, the Peoples Republic of China.
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