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Market Maker Surveillance Report. LVLT, ELGX, CBRX, ATHR, USO, ORIT, Bullishly Biased Price Friction For Friday, May 20th 2011

^{Published on 2011-05-20 17:51:06 - WOPRAI}
 

May 20, 2011 / M2 PRESSWIRE / BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Friday. 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 Friday there were 2588 companies with "abnormal" market making, 1670 companies with positive Friction Factors and 3274 companies with negative Friction Factors. Here is a list of the top companies with Abnormal Price Friction (bullish bias) in their stock prices. This means that there was more selling than buying in the stocks and their stock prices rose. LEVEL 3 COMMUNICATIONS INC (NASDAQ:LVLT), ENDOLOGIX INC (NASDAQ:ELGX), COLUMBIA LABORATORIES INC (NASDAQ:CBRX), ATHEROS COMMUNICATIONS (NASDAQ:ATHR), UNITED STATES OIL FUND LP (NYSE:USO), ORITANI FINANCIAL CORP (NASDAQ:ORIT). 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
     LVLT       $0.110       5.95%        36,950,178      48.68%       38,959,340      51.32%       -2,009,162      Abnormal
     ELGX       $0.110       1.33%        172,759         19.44%       715,726         80.55%       -542,967        Abnormal
     CBRX       $0.040       1.24%        422,738         27.49%       1,115,223       72.51%       -692,485        Abnormal
     ATHR       $0.320       0.72%        550,553         20.79%       2,097,056       79.21%       -1,546,503      Abnormal
     USO        $0.420       1.07%        4,291,572       19.60%       6,788,670       31.00%       -2,497,098      Abnormal
     ORIT       $0.040       0.27%        242,665         14.77%       1,391,488       84.69%       -1,148,823      Abnormal

For example, the chart above shows LVLT with 2,009,162 greater shares of selling than buying (NetVol) and the stock price was up $0.11000. This means the Market Makers were trading the stock in a way inconsistent with normal supply and demand (Economics 101); more selling than buying should cause prices to drop.

LEVEL 3 COMMUNICATIONS INC (NASDAQ:LVLT) - Level 3 Communications, Inc. engages in the communications business in North America and Europe. It offers network and Internet services, including transport services, high speed Internet protocol services, dedicated Internet access, virtual private network services, and dark fiber services, as well as managed modem, an outsourced, turn-key infrastructure solution; and colocation services. The company also provides various media services, comprising Vyvx services that provide audio and video feeds over fiber or satellite; content delivery network services; media delivery services to customers seeking to manage, protect, and monetize content delivered over the Internet; a range of local and long distance voice services, such as voice over Internet protocol (VoIP) and traditional circuit-switch based services; and VoIP Enhanced Local, a VoIP service that enables broadband cable operators, IXCs, VoIP providers, and other companies operating their own switching infrastructure to launch IP-based local and long-distance voice services through a broadband connection. Level 3 Communications media services also consist of SIP Trunking, a VoIP-based local phone service; Local Inbound service that terminates traditional telephone network originated calls to Internet Protocol termination points; Primary Rate Interface, a TDM local phone service that could be configured in various ways; Long Distance services portfolio comprising local and long distance transport and termination services; and Toll Free services portfolio, which terminate toll free calls that are originated on the traditional telephone network. As of December 31, 2009, its network encompassed approximately 67,000 intercity route miles in North America and an intercity network covering approximately 12,000 miles across Europe. Further, it sells coal primarily through long-term contracts with public utilities. The company was founded in 1884 and is headquartered in Broomfield, Colorado.

ENDOLOGIX INC (NASDAQ:ELGX) - Endologix, Inc. develops, manufactures, markets, and sells minimally invasive treatments for aortic disorders. Its flagship product, the Powerlink System, is an endovascular stent graft for the treatment of abdominal aortic aneurysms, a weakening of the wall of the aorta, an artery in the body. The Powerlink System consists of a self-expanding cobalt chromium alloy stent cage covered with an ePTFE graft; and is implanted in the abdominal aorta, which is accessed through the femoral artery. The Powerlink System shunts away the blood flow from the weakened or aneurysmal section of the aorta, reducing pressure and potential for the aorta to rupture. The Powerlink System includes infrarenal bifurcated systems, and aortic cuffs and limb extensions; and IntuiTrak to deliver and deploy the Powerlink stent graft. Endologix, Inc. sells its products through distributors in the United States, Argentina, Brazil, Chile, Colombia, Germany, Greece, Ireland, Italy, Japan, Mexico, China, and Turkey. The company was formerly known as Radiance Medical Systems, Inc. and changed its name to Endologix, Inc. in May 2002. Endologix, Inc. was founded in 1992 and is based in Irvine, California.

COLUMBIA LABORATORIES INC (NASDAQ:CBRX) - Columbia Laboratories, Inc., a specialty pharmaceutical company, focuses on developing products for the womens healthcare and endocrinology markets through its novel bioadhesive drug delivery technology. Its bioadhesive vaginal gel products provide solutions for infertility, pregnancy support, amenorrhea, and other obstetric, gynecologic, and medical conditions. The companys product includes STRIANT for the treatment of hypogonadism in men. Columbia Laboratories was founded in 1986 and is based in Livingston, New Jersey.

ATHEROS COMMUNICATIONS (NASDAQ:ATHR) - Atheros Communications, Inc. develops semiconductor system solutions for communication products. Its products include solutions for wireless local area network (WLAN), mobile WLAN, Ethernet, Bluetooth, global positioning system (GPS), and powerline communications. The company offers reference designs used in designing networking cards and routers, broadband gateways, mobile devices, and handsets. It also provides single and multi-chip WLAN products, including wireless networking products for personal computers (PCs) and small office/home office (SOHO) markets; and wireless infrastructure systems-on-chip with network management capabilities for the enterprise networking market. The companys wireless system solutions are used in various applications in the PCs, enterprise access, broadband gateway, SOHO networking, consumer electronics, and mobile communications markets. Its radio-on-chips for mobile solutions are used for WLAN in mobile devices, such as smartphones and mobile consumer products. The companys fast and gigabit Ethernet ETHOS products comprise access points, routers, gateways, Ethernet physical layer, transceivers, and switches for personal computer customers. It also provides Bluetooth solutions for PCs; GPS system solutions for signal acquisition, tracking, data extraction, and GPS navigation; powerline technology solutions for use in electric utility and other commercial markets to monitor and manage in-home electricity consumption and distribute broadband services over existing electrical wiring and coaxial cable. Atheros Communications sells its products to OEMs and original design manufacturers directly, as well as through independent sales representatives and distributors in the United States, Canada, and Asia. The company was formerly known as T-Span Systems Corporation and changed its name to Atheros Communications, Inc. in May 2000. Atheros Communications, Inc. was founded in 1998 and is headquartered in Santa Clara, California.

UNITED STATES OIL FUND LP (NYSE:USO) - UNITED STATES OIL FD

ORITANI FINANCIAL CORP (NASDAQ:ORIT) - Oritani Financial Corp. operates as the holding company for Oritani Bank that provides banking services to individual and business customers in New Jersey. It offers various deposit products, including demand accounts, negotiable order of withdrawal accounts, money market deposit accounts, savings accounts, retirement accounts, and time deposits. The companys loan portfolio comprises multi-family and commercial real estate loans, one- to four-family residential mortgage loans, second mortgage and equity loans, construction loans, business loans, and consumer loans. As of June 30, 2009, Oritani Financial operated 21 branches in Bergen, Hudson, and Passaic counties in New Jersey. The company was founded in 1911 and is headquartered in the Township of Washington, New Jersey. Oritani Financial Corp. operates as a subsidiary of Oritani Financial Corp., MHC.

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REGULATORY & COMPLIANCE NEWS

Friction Factor -- market maker surveillance system tracking Level II market makers in all stocks to determine Price Friction and compliance with new "Fair Market Making Requirements"

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Earnings Edge -- predicts probability, price move and length of move before and after all US stock earnings reports.

Seasonality -- predicts probability, price move and length of move based on exact time of year for all US stocks.

Group Trader -- tracks sector rotation and stock correlation to its sector and predicts future moves in ALL sectors and industry groups.

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