Market Maker Surveillance Report. RADA, OREX, VHC, ATAI, WEST, LEHJQ, Winning Stocks With Lowest Price Friction For Wednesday,
June 1, 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 2272 companies with "abnormal" market making, 1144 companies with positive Friction Factors and 4274 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. RADA ELECTRONIC INDS LTD (NASDAQ:RADA), OREXIGEN THERAPEUTICS INC (NASDAQ:OREX), VIRNETX HOLDING CORP (AMEX:VHC), ATA INC-ADR (NASDAQ:ATAI), AKEENA SOLAR INC (NASDAQ:WEST), Lehman Brothers Fin Sa Depositary (OTC:LEHJQ). 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 RADA $0.370 11.05% 220,149 51.42% 205,227 47.93% 14,922 403 OREX $0.540 19.08% 4,727,566 51.44% 4,462,489 48.55% 265,077 4,909 VHC $2.620 9.98% 1,084,604 30.84% 1,011,113 28.75% 73,491 281 ATAI $1.260 11.09% 93,470 55.20% 73,553 43.44% 19,917 158 WEST $1.120 99.12% 2,194,360 52.22% 1,992,475 47.42% 201,885 1,803 LEHJQ $0.021 190.91% 789,349 64.53% 433,967 35.47% 355,382 169,230Analysis 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 RADA with a dollar gain Wednesday of $0.37000 and a Friction Factor of 403 shares. That means that it only took 403 more shares of buying than selling to move RADA 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.
RADA ELECTRONIC INDS LTD (NASDAQ:RADA) - Rada Electronic Industries Ltd. engages in the development, manufacture, and sale of defense electronics products. The companys product portfolio includes data recording and management systems comprising digital video recorders, ground debriefing stations, and head-up display cameras for aerial and land platforms; inertial navigation systems for air and land applications; avionics solutions, such as aircraft upgrades, avionics for unmanned aircraft vehicles, store management systems, and interface computers; and radar sensors for protective systems used in land vehicles, as well as commercial aviation test stations (CATS). It also provides test and repair services using its CATS testers and test programs. Rada Electronic Industries offers its products and services primarily under the CATS, ACE, and FACE trade names to governments, integrators, airlines, and third party maintenance companies. The company sells its products in Israel, Asia, North America, South and Latin America, and Europe. It has strategic relationships with Lockheed Martin Aeronautics, GE Aviation, Israel Military Industries, Israel Aerospace Industries, Hindustan Aeronautics Ltd., and Embraer and Rafael Advanced Defense Systems Ltd. The company was founded in 1970 and is based in Netanya, Israel.
OREXIGEN THERAPEUTICS INC (NASDAQ:OREX) - Orexigen Therapeutics, Inc., a biopharmaceutical company, focuses on the development of pharmaceutical product candidates for the treatment of obesity. Its lead combination product candidates include Contrave, which has completed Phase III clinical trials; and Empatic that has completed Phase II clinical trials. Contrave is a combination of two drugs, bupropion and naltrexone, in a sustained release formulation (SR). Bupropion is an antidepressant and smoking cessation medication; naltrexone is a treatment for alcohol and opioid addiction. The companys Empatic product candidate is a combination of bupropion SR and zonisamide SR. Zonisamide, in an immediate release formulation for the adjunctive treatment of partial seizures, a form of epilepsy. The company was founded in 2002 and is based in La Jolla, California.
VIRNETX HOLDING CORP (AMEX:VHC) - VirnetX Holding Corporation engages in developing and commercializing software and technology solutions for securing real-time communications over the Internet. Its software and technology solutions provide the security platform required by next-generation Internet-based applications, such as instant messaging, voice over Internet protocol (VoIP), mobile services, streaming video, file transfer, and remote desktop. The company offers GABRIEL Connection Technology that encrypts data allowing organizations and individuals to establish communities of registered users and transmit information between various devices, networks, and operating systems. It focuses on licensing its products and services to original equipment manufacturers within the IP-telephony, mobility, fixed-mobile convergence, and unified communications markets; communication service providers; and system integrators. The company was founded in 2005 and is based in Scotts Valley, California.
ATA INC-ADR (NASDAQ:ATAI) - ATA Inc., through its subsidiaries, provides computer-based testing services in the Peoples Republic of China. It offers services for the creation and delivery of computer-based tests utilizing its test delivery platform, proprietary testing technologies, and testing services; and provides logistical support services relating to test administration. The companys computer-based testing services are used for professional licensure and certification tests in various industries, including information technology (IT) services, banking, securities, teaching, and insurance. Its e-testing platform integrates various aspects of the test delivery process for computer-based tests ranging from test form compilation to test scoring, and results analysis. ATA also provides career-oriented educational services, such as single course programs, degree major course programs, and pre-occupational training programs focusing on preparing students to pass IT and other vocational certification tests; test preparation and training programs and services to test candidates preparing to take professional certification tests in securities, futures, banking, insurance and teaching industries; online test preparation and training platform for the securities and banking industries; and test preparation software for the teaching industry. In addition, the company offers HR select employee assessment solution, an online system that utilizes its proprietary software and an inventory of test titles to help employers improve the efficiency and accuracy of their employee recruitment process. As of March 31, 2010, it had contractual relationships with 1,988 ATA authorized test centers. The company serves Chinese governmental agencies, professional associations, IT vendors, and Chinese educational institutions, as well as individual test preparation services. ATA Inc. was founded in 1999 and is based in Beijing, the Peoples Republic of China.
AKEENA SOLAR INC (NASDAQ:WEST) - Akeena Solar, Inc., doing business as Westinghouse Solar, engages in the design, manufacture, integration, and installation of solar power systems under the Westinghouse name. It offers its solar power systems for residential and commercial customers. The company also designs and distributes solar panels with integrated micro inverters (called as AC solar panels). Westinghouse Solar sells its AC solar panels to solar installers, trade workers, and do-it-yourself customers through distribution partnerships, dealer network, and retail outlets. It has a strategic partnership with Real Goods Solar, whereby Real Goods Solar operates as an authorized dealer for westinghouse solar power systems for sale to its customers in California and Colorado markets. The company was founded in 2001 and is headquartered in Los Gatos, California.
Lehman Brothers Fin Sa Depositary (OTC:LEHJQ) - Lehman Brothers Fin Sa Depositary
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