Market Maker Surveillance Report. SMXMF, ENMD, FTWR, OCLS, OREX, HOGS, Losing Stocks With Lowest Price Friction For Friday, Ju
June 3, 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 2623 companies with "abnormal" market making, 1494 companies with positive Friction Factors and 3389 companies with negative Friction Factors. Here is a list of the top companies with the largest percentage loss per share Friday 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. SAMEX MINING CORP (OTCBB:SMXMF), ENTREMED INC (NASDAQ:ENMD), FIBERTOWER CORP (NASDAQ:FTWR), OCULUS INNOVATIVE SCIENCES I (NASDAQ:OCLS), OREXIGEN THERAPEUTICS INC (NASDAQ:OREX), ZHONGPIN INC (NASDAQ:HOGS). 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 SMXMF $-0.160 -11.85% 105,400 42.79% 109,600 44.50% -4,200 -263 ENMD $-0.970 -19.56% 242,625 48.52% 256,287 51.26% -13,662 -141 FTWR $-0.200 -12.65% 830,030 47.71% 909,688 52.29% -79,658 -3,983 OCLS $-0.330 -15.40% 160,873 39.13% 240,301 58.44% -79,428 -2,407 OREX $-0.990 -31.13% 4,417,210 49.66% 4,468,228 50.24% -51,018 -515 HOGS $-2.530 -16.23% 955,768 48.84% 972,192 49.68% -16,424 -65Analysis 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 SMXMF with a dollar loss Friday of $-0.16000 and a Friction Factor of -263 shares. That means that it only took 263 more shares of selling than buying to move SMXMF 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.
SAMEX MINING CORP (OTCBB:SMXMF) - Samex Mining Corp., an exploration stage company, engages in the acquisition and exploration of mineral properties in South America. The company focuses on the exploration of precious and base metals, including gold, silver, copper, and molybdenum. It owns 100% interest in Los Zorros Property consisting of approximately 7,833 hectares of mineral concessions, Chimberos Property comprising approximately 1,600 hectares of mineral concessions, and INCA Property covering approximately 741 hectares of mineral concessions locates in Chile. The company was formerly known as Paragon Resources Ltd. and changed its name to Samex Mining Corp. in September 1995. Samex Mining Corp. was incorporated in 1967 and is headquartered in Abbotsford, Canada.
ENTREMED INC (NASDAQ:ENMD) - EntreMed, Inc., a clinical-stage pharmaceutical company, engages in developing therapeutics for the treatment of cancer and inflammatory diseases. It is developing primarily ENMD-2076, a selective angiogenic kinase inhibitor for the treatment of cancer. ENMD-2076 is in Phase I studies in advanced cancers, multiple myeloma, and leukemia. The companys other drug candidates include MKC-1, an oral cell-cycle inhibitor with activity against the mTOR pathway, which has completed Phase II clinical trials for cancer; ENMD-1198, an orally-active antimitotic agent that has completed a Phase I clinical trial in advanced cancers; and Panzem (2ME2), an orally active compound, which is under Phase I clinical trial for the treatment of rheumatoid arthritis. EntreMed, Inc. was founded in 1991 and is headquartered in Rockville, Maryland.
FIBERTOWER CORP (NASDAQ:FTWR) - FiberTower Corporation provides facilities-based backhaul and premise access services to wireless carriers, government, and enterprise markets in the United States. It provide backhaul services by utilizing its wireless spectrum assets and fiber relationships to construct and operate high-coverage, high-capacity hybrid microwave and fiber networks. The company provides carrier-grade connectivity over its licensed spectrum to enterprises located in on-net and off-net buildings. It offers transport services based on various protocols, such as time division multiplexing (TDM), SONET, and Ethernet. As of March 31, 2010, the company provided services to 6,207 billing customer locations at 2,776 billing sites in 13 markets, including Atlanta, Boston, Chicago, Cleveland, Dallas/Fort Worth, Denver, Detroit, Houston, New York/New Jersey, Pittsburgh, San Antonio/Austin/Waco, Washington DC/N. Virginia/S. Maryland, and West Florida. FiberTower Corporation is headquartered in San Francisco, California.
OCULUS INNOVATIVE SCIENCES I (NASDAQ:OCLS) - Oculus Innovative Sciences, Inc. develops, manufactures, and markets tissue care products based on Microcyn platform technology to treat infections and enhance healing while reducing the need for antibiotics. Its Microcyn platform technology, a solution of electrically charged oxychlorine small molecules, treats various organisms that cause disease or pathogens, including viruses, fungi, spores, and antibiotic-resistant strains of bacteria, such as methicillin-resistant Staphylococcus aureus and vancomycin-resistant Enterococcus in wounds, as well as Clostridium difficile. The company offers Microcyn-based products primarily through its Website, and various regional distributors principally in the United States, Europe, and Mexico. It sells its products to hospitals, physicians, and nurses; and other healthcare practitioners, who are the caregivers to patients being treated for acute or chronic wounds, as well as those patients undergoing surgical procedures. The company was formerly known as Micromed Laboratories, Inc. and changed its name to Oculus Innovative Sciences, Inc. in August 2001. Oculus Innovative Sciences was incorporated in 1999 and is based in Petaluma, California.
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.
ZHONGPIN INC (NASDAQ:HOGS) - Zhongpin Inc., through its subsidiaries, engages in the processing and distribution of meat and food products primarily in the Peoples Republic of China. It offers pork and pork products, such as chilled pork, frozen pork, pig by-products and variety meats, and prepared meats; and fruits and vegetables, which include asparagus, sweet corn, broccoli, mushrooms, lima beans, strawberries, and capsicum. The company supplies its products to fast food companies, processing factories, school cafeterias, factory canteens, and army posts and national departments, as well as to retail outlets, including supermarkets. The company sells its products on wholesale and retail basis through a network of showcase stores, network stores, and supermarket counters. Zhongpin also exports its products to Europe, Russia, Hong Kong, Asia, and South Africa. As of December 31, 2009, it operated approximately 145 showcase stores; 1,012 network stores; and 2,048 supermarket counter locations. The company is headquartered in Changge City, the People's Republic of China.
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