Market Maker Surveillance Report. SMSI, TBL, GLBL, UCO, UDRL, APP, Losing Stocks With Lowest Price Friction For Thursday, May
May 5, 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 2673 companies with "abnormal" market making, 1706 companies with positive Friction Factors and 3261 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. SMITH MICRO SOFTWARE INC (NASDAQ:SMSI), TIMBERLAND CO-CLASS A (NYSE:TBL), GLOBAL INDUSTRIES LTD (NASDAQ:GLBL), PROSHRE ULT DJ-UBS CRUDE OIL (NYSE:UCO), UNION DRILLING INC (NASDAQ:UDRL), AMERICAN APPAREL INC (AMEX:APP). 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
SMSI $-1.610 -22.19% 1,636,997 46.92% 1,846,550 52.93% -209,553 -1,302
TBL $-10.920 -26.27% 1,589,621 30.17% 1,757,316 33.35% -167,695 -154
GLBL $-1.500 -17.10% 2,070,181 49.86% 2,073,237 49.93% -3,056 -20
UCO $-9.910 -16.98% 1,345,994 24.36% 1,664,307 30.12% -318,313 -321
UDRL $-2.100 -17.93% 291,470 45.14% 345,496 53.51% -54,026 -257
APP $-0.260 -20.31% 313,496 18.56% 453,423 26.84% -139,927 -5,382
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 SMSI with a dollar loss Thursday of $-1.61000 and a Friction Factor of -1,302 shares. That means that it only took 1,302 more shares of selling than buying to move SMSI 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.
SMITH MICRO SOFTWARE INC (NASDAQ:SMSI) - Smith Micro Software Inc. develops and markets wireless communications software products and services. The companys products, used in the technology and communication markets, include wireless, mobile-music, data-compression, diagnostic, and utility software. Smith Micro serves the original-equipment-manufacturers market, primarily wireless service providers, mobile-device manufacturers, hardware manufacturers, and corporations worldwide. Its wireless software products used mainly in consumer devices include QuickLink Mobile, V cast Music Essentials Kit, QuickLink Music, QuickLink Wi-Fi, and QuickLink PhoneManager. It also produces wireless enterprise products for corporate customers, and sells wireless compression products. Smith Micro makes a variety of other consumer products for diagnosis, image-making, compression and message- and fax-transmission. It offers consulting, Website hosting, and fulfillment services, and makes software products for Windows, Mac, unix, Linux, and Windows Mobility operating systems. The company was founded in 1982 and is based in Aliso Viejo, Calif.
TIMBERLAND CO-CLASS A (NYSE:TBL) - The Timberland Company engages in the design, development, marketing, and distribution of footwear, apparel, and accessories products for men, women, and children under the Timberland, Timberland PRO, Timberland Boot Company, SmartWool, howies, and IPATH brands in North America, Europe, and Asia. The company offers basic, premium, and chukka boots, including roll-tops; Field Boot, Euro Hiker, and Euro Sprint Hiker sport boots; and casual footwear series, such as authentic rugged handsewn oxfords, boat shoes, and casual bucks. It also provides outdoor performance footwear for outdoor recreationalists and enthusiasts for outdoor adventures. The companys apparel products line includes casual, outdoor adventure and outdoor leisure, and sports apparel for men, women, and kids. In addition, it offers a range of accessories products, including packs and travel gear, womens handbags, belts, wallets, socks, headwear, gloves, watches, sunglasses, eyewear, ophthalmic frames, and various other small leather goods. The company markets its products through independent retailers, department stores, athletic stores, national retailers, and Timberland specialty stores, as well as through a mix of independent distributors, franchisees, and licensees. It also sells its products through online at timberland.com, smartwool.com, and ipath.com in the United States, as well as at timberlandonline.co.uk and howies.co.uk in the United Kingdom. As of December 31, 2009, The Timberland Company operated 6 specialty stores, 59 factory outlet stores, and 4 footwear plus stores in the United States; 44 company-owned specialty stores and shops, and 16 factory outlet stores in Europe; and 67 company-owned specialty stores and shops, and 19 factory outlet stores in Asia. The company was founded in 1933 and is headquartered in Stratham, New Hampshire.
GLOBAL INDUSTRIES LTD (NASDAQ:GLBL) - Global Industries, Ltd., together with its subsidiaries, provides construction and subsea services to the offshore oil and gas industry. The companys services include pipeline construction, platform installation and removal, project management, construction support, diving services, diverless intervention, and marine support services. As of December 31, 2009, its fleet included eight derrick lay barges, one heavy lift ship, one pipelay barge, four multi-service vessels, three dive support vessels, one offshore supply vessel, and one cargo barge. The company has operations in North America, Latin America, West Africa, the Middle East, and the Asia Pacific/India regions. Its customers include oil and gas producers, and pipeline companies. The company was founded in 1973 and is headquartered in Carlyss, Louisiana.
PROSHRE ULT DJ-UBS CRUDE OIL (NYSE:UCO) - UNIVERSAL COMPRES
UNION DRILLING INC (NASDAQ:UDRL) - Union Drilling, Inc. provides contract land drilling services and equipment primarily to independent natural gas producers in the United States. The company offers drilling rigs, as well as the drilling crews and ancillary equipment to operate its drilling rigs. The company provides drilling services to customers primarily engaged in developing unconventional natural gas formations. It has principal operations in the Appalachian Basin; the Arkoma Basin in eastern Oklahoma and Arkansas; and the Fort Worth Basin in northern Texas. As of December 31, 2009, it owned and operated a fleet of 71 land drilling rigs. The company was founded in 1997 and is based in Fort Worth, Texas.
AMERICAN APPAREL INC (AMEX:APP) - American Apparel, Inc. engages in the design, manufacture, and retail of fashion apparel for women, men, children, and pets. It primarily offers T-shirts, denim, sweaters, and jackets. The company also operates a wholesale business that supplies T-shirts and other casual wear to authorized distributors, screen printers, and advertising specialty companies. American Apparel sells its products through retail and wholesale distribution channels, as well as through its online retail e-commerce Web site, americanapparel.com. As of March 20, 2010, it operated 280 retail stores in 20 countries, including the United States, Canada, Mexico, Brazil, the United Kingdom, Ireland, Austria, Belgium, France, Germany, Italy, the Netherlands, Spain, Sweden, Switzerland, Israel, Australia, Japan, South Korea, and China. The company was founded in 1998 and is headquartered in Los Angeles, California.
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