


Market Maker Surveillance Report. FCEL, NVGN, DDE, ECGI, ICOG, HEV, Winning Stocks With Lowest Price Friction For Tuesday, May
May 31, 2011 / M2 PRESSWIRE / BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Tuesday. 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 Tuesday there were 2756 companies with "abnormal" market making, 3395 companies with positive Friction Factors and 1635 companies with negative Friction Factors. Here is a list of the top companies with the largest percentage gain per share Tuesday 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. FUELCELL ENERGY INC (NASDAQ:FCEL), NOVOGEN LIMITED-SPONS ADR (NASDAQ:NVGN), DOVER DOWNS GAMING & ENTERTA (NYSE:DDE), ENVOY CAPITAL GROUP INC (NASDAQ:ECGI), ICO GLOBAL COM HLDG LTD-NEW (NASDAQ:ICOG), ENER1 INC (NASDAQ:HEV). 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 FCEL $0.440 30.14% 9,701,550 57.61% 7,132,895 42.36% 2,568,655 58,379 NVGN $0.120 12.00% 265,836 52.25% 242,949 47.75% 22,887 1,907 DDE $0.420 13.38% 40,797 36.46% 26,206 23.42% 14,591 347 ECGI $0.230 13.85% 36,382 51.23% 34,641 48.77% 1,741 76 ICOG $0.320 12.31% 1,042,172 91.68% 94,616 8.32% 947,556 29,611 HEV $0.150 13.64% 4,005,321 67.41% 1,933,055 32.53% 2,072,266 138,151Analysis 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 FCEL with a dollar gain Tuesday of $0.44000 and a Friction Factor of 58,379 shares. That means that it only took 58,379 more shares of buying than selling to move FCEL 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.
FUELCELL ENERGY INC (NASDAQ:FCEL) - FuelCell Energy, Inc. engages in the development and manufacture of fuel cell power plants for electric power generation primarily in the United States, Canada, Germany, Japan, and South Korea. Its core carbonate fuel cell products include Direct FuelCell or DFC Power Plants for stationary power generation applications. The company also develops carbonate fuel cell and planar solid oxide fuel cell technology. Its proprietary carbonate DFC power plants electrochemically produce electricity directly from readily available hydrocarbon fuels, such as natural gas and biogas fuels. The company serves manufacturers; mission critical institutions, including correction facilities and government installations; and hotels and customers, such as breweries, food processors, and wastewater treatment facilities, who use renewable gas for fuel. FuelCell Energy, Inc. was founded in 1969 and is headquartered in Danbury, Connecticut.
NOVOGEN LIMITED-SPONS ADR (NASDAQ:NVGN) - Novogen Limited and its subsidiaries engage in the discovery, development, manufacture, export, and marketing of pharmaceuticals and consumer health care products. Its anti-cancer products include Phenoxodiol, a phase III investigational drug for late stage, chemoresistant ovarian cancer and a Phase II clinical trial for prostate and cervical cancers; and Triphendiol, a Phase I completed signal transduction inhibitor for the treatment of cholangiocarcinoma or bile duct cancer, and stage IIB through stage IV malignant melanoma. The companys anti-cancer products also comprise NV-143, a derivative of triphendiol acting as investigational anti-cancer drug; NV-128, a pre-clinical development stage investigational cancer compound using various molecular mechanisms to promote the death of cancer cells; and GLYC-101, a topical gel formulation that stimulates and modulates the natural cascade of wound healing activities in various cell populations. Its consumer health care products consist of various dietary supplement products, such as Promensil and Trinovin that deliver standardized levels of isoflavones, including daidzein, genistein, formononetin, and biochanin. The company distributes its products through direct marketing in Australia, Canada, and the United Kingdom, as well as through third party distribution arrangements internationally. Novogen Limited was founded in 1994 and is headquartered in North Ryde, Australia.
DOVER DOWNS GAMING & ENTERTA (NYSE:DDE) - Dover Downs Gaming & Entertainment, Inc., through its subsidiaries, operates as a gaming and entertainment company in the United States. The companys operations consist of Dover Downs Casino, a 165,000 square foot video lottery casino complex featuring slot machine offerings, including multi-player electronic table, and a race and sports book; the Dover Downs Hotel and Conference Center, a 500 room AAA Four Diamond hotel with conference, banquet, ballroom, and concert hall; and Dover Downs Raceway, a harness racing track with pari-mutuel wagering on live and simulcast horse races. As of December 31, 2009, it operated 2,971 slot machines; and Dover Downs Hotel featured 500 rooms, a multipurpose ballroom/concert hall, a dining restaurant, swimming pool, and spa. The company was founded in 1969 and is based in Dover, Delaware. As of March 31, 2002, Dover Downs Gaming & Entertainment Inc. operates independently of Dover Motorsports Inc.
ENVOY CAPITAL GROUP INC (NASDAQ:ECGI) - Envoy Capital Group Inc., through its subsidiary, Watt International Inc., operates as a consumer and retail branding company. It offers consulting, branding, packaging, and retail design services to clients in Canada, the United States, Mexico, the United Arab Emirates, China, and South America, as well as project work for clients in other countries. The company also provides merchant banking and financial services, as well as equity and debt capital to small and mid-cap companies. Its investments consist of professionally managed market diversified funds and direct investments in growth stage public companies. The company was formerly known as Potential Mines Ltd. and changed its name to Envoy Capital Group Inc. in March 2007. Envoy Capital Group Inc. was founded in 1973 and is based in Toronto, Canada.
ICO GLOBAL COM HLDG LTD-NEW (NASDAQ:ICOG) - ICO Global Communications (Holdings) Limited, a development stage company, develops mobile satellite services (MSS) using geosynchronous earth orbit satellite in North America. The company is authorized by the U.S. Federal Communications Commission to offer MSS in the United States using a geosynchronous earth orbit satellite that it launched into orbit; and to integrate an ancillary terrestrial component (ATC) into its MSS system in order to provide integrated satellite and terrestrial services. ICO Global Communications also coordinated the spectrum to enable the operation of a medium earth orbit satellite system. Its MSS/ATC System is being designed to be capable of supporting mass-market service offerings to urban and rural customers in North America, including wireless voice, video, data, Internet, and vehicle tracking. ICO Global Communications was founded in 1995 and is headquartered in Reston, Virginia. On May 15, 2009, ICO Global Communications (Holdings) Ltd filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the Southern District of New York, Manhattan. It is in joint administration with ICO North America, Inc.
ENER1 INC (NASDAQ:HEV) - Ener1, Inc., together with its subsidiaries, engages in designing, developing, and manufacturing rechargeable lithium-ion batteries and battery systems for energy storage in the United States and South Korea. It operates in three segments: Battery, Fuel Cell, and Nanotechnology. The Battery segment offers lithium-ion batteries for hybrid, plug-in hybrid, and electric vehicles, as well as for buses, trucks, and other alternative transportation vehicles. This segment also provides battery cells and battery packs. The Fuel Cell segment develops and markets fuel cells and fuel cell systems. The Nanotechnology segment involves in developing nanotechnology related manufacturing processes and materials. The company offers its products to customers in the transportation, stationary power, military, and small cell markets. Ener1, Inc. was founded in 1985 and is headquartered in New York, New York.
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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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Seasonality -- predicts probability, price move and length of move based on exact time of year for all US stocks.
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