Market Maker Surveillance Report. BAP, CT, CNTF, SNSS, GU, CHBT, Losing Stocks With Lowest Price Friction For Monday, June 6th
June 6, 2011 / M2 PRESSWIRE / BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Monday. 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 Monday there were 2406 companies with "abnormal" market making, 1102 companies with positive Friction Factors and 4141 companies with negative Friction Factors. Here is a list of the top companies with the largest percentage loss per share Monday 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. CREDICORP LTD (NYSE:BAP), CAPITAL TRUST-CL A (NYSE:CT), CHINA TECHFAITH WIRELESS-ADR (NASDAQ:CNTF), SUNESIS PHARMACEUTICALS INC (NASDAQ:SNSS), GUSHAN ENVIRONMENTAL ENE-ADR (NYSE:GU), CHINA-BIOTICS INC (NASDAQ:CHBT). 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
BAP $-21.360 -21.01% 1,288,916 25.02% 1,438,988 27.94% -150,072 -70
CT $-0.750 -18.43% 313,332 27.97% 431,062 38.48% -117,730 -1,570
CNTF $-0.870 -16.48% 1,658,670 49.44% 1,685,974 50.25% -27,304 -314
SNSS $-0.540 -17.94% 585,844 35.65% 1,053,159 64.08% -467,315 -8,654
GU $-0.400 -15.69% 59,063 31.38% 65,446 34.77% -6,383 -160
CHBT $-0.970 -16.06% 736,748 43.34% 849,741 49.99% -112,993 -1,165
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 BAP with a dollar loss Monday of $-21.36000 and a Friction Factor of -70 shares. That means that it only took 70 more shares of selling than buying to move BAP 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.
CREDICORP LTD (NYSE:BAP) - Credicorp Ltd., through its subsidiaries, provides a range of financial products and services in Peru, Bolivia, and Panama. It offers banking services that consist of handling loans, credit facilities, deposits, and current accounts, and the provision of investment banking services, including corporate finance for corporate and institutional customers, as well as handling deposits, consumer loans, and credit cards facilities for individual customers. The company also provides insurance products and services, such as commercial property, transportation and marine hull, automobile, life, health, and pension fund underwriting insurance, as well as offers private pension fund management services to contributors. In addition, it offers brokerage, trust, custody and securitization, asset management and proprietary trading, and investment services. The company was founded in 1889 and is headquartered in La Molina, Peru.
CAPITAL TRUST-CL A (NYSE:CT) - Capital Trust, Inc. operates as a real estate investment trust in the United States. It specializes in originating and managing credit sensitive structured financial products. The company makes investments for its own account, as well as manages a series of private equity funds on behalf of institutional and individual investors. Its investment program focuses on structured commercial real estate debt investments, including B Notes, subordinate CMBS, corporate mezzanine loans, first mortgage loans, and property mezzanine loans. The company also finances single properties, multiple property portfolios, and operating companies. It has elected to be taxed as a real estate investment trust and would not be subject to federal income tax, if it distributes at least 90% of its taxable income to its shareholders. The company was founded in 1966 and is headquartered in New York, New York.
CHINA TECHFAITH WIRELESS-ADR (NASDAQ:CNTF) - China Techfaith Wireless Communication Technology Limited, together with its subsidiaries, operates as an original developed products provider that is focused on the original design and sale of mobile phones in the People's Republic of China and internationally. Its original developed products include multimedia phones, and dual mode dual card handsets of multiple wireless technology combinations; Windows-based smartphones and Pocket PC phones; and handsets with interactive online gaming and professional game terminals with phone functionality. The company also provides gaming content to the motion, mobile, and online PC gaming markets through its Web sites. In addition, it develops Middleware Application MMI/UI software packages on 2G/2.5G, 3G, and 3.5G communication technologies. The company was founded in 2002 and is based in Beijing, the People's Republic of China.
SUNESIS PHARMACEUTICALS INC (NASDAQ:SNSS) - Sunesis Pharmaceuticals, Inc., a biopharmaceutical company, focuses on the development and commercialization of oncology therapeutics for the treatment of solid and hematologic cancers. Its lead product candidate is Voreloxin, an anticancer quinolone derivative (AQD) for the treatment of cancer. The company is conducting various clinical trials of Voreloxin, including a Phase 2 clinical trial, known as the REVEAL-1 trial, in previously untreated elderly patients with acute myeloid leukemia (AML); a Phase 1b/2 clinical trial combining Voreloxin with cytarabine for the treatment of patients with relapsed/refractory AML; and a Phase 2 single agent clinical trial in platinum-resistant ovarian cancer patients. It has a license agreement with Dainippon Sumitomo Pharma Co., Ltd. for the development and marketing of Voreloxin; and a collaboration agreement with Biogen Idec, Inc. to discover, develop, and commercialize small molecule inhibitors of Raf kinase and up to five additional targets that play a role in oncology and immunology indications. The company, formerly known as Mosaic Pharmaceuticals, Inc., was founded in 1998 and is headquartered in South San Francisco, California.
GUSHAN ENVIRONMENTAL ENE-ADR (NYSE:GU) - Gushan Environmental Energy Limited, through its subsidiaries, produces biodiesel and its by-products. Its biodiesel is used to produce chemical products, primarily produced from various feed stocks, such as vegetable oil, animal fat, and recycled cooking oil; to fuel a range of diesel engines in trucks, mass transit vehicles, marine vessels, and generators; and as fatty acid methyl ester in the chemical industry. The companys biodiesel by-products include glycerine, plant asphalt, erucic acid, and erucic amide, which are used in various commercial applications in the food, pharmaceutical, and manufacturing industries. The company serves direct users, including marine vessel operators and chemical companies; petroleum wholesalers, such as local subsidiaries of state-owned enterprises or privately owned companies; and individual retail gas stations in the Peoples Republic of China. Gushan Environmental Energy Limited was founded in 2001 and is based in Fuzhou City, the Peoples Republic of China.
CHINA-BIOTICS INC (NASDAQ:CHBT) - China-Biotics, Inc. engages in the research, development, production, marketing, and distribution of probiotics products in the People's Republic of China. Its products contain live microbial food supplements, which beneficially affect the host by improving its intestinal microbial balance. The company offers Shining Essence for balancing the microecology of the digestive system, enhancing intestinal health, and protecting and strengthening liver function; Shining Signal that is focused on reducing high blood pressure, high blood sugar level, and hyperlipidemia; Shining Golden Shield to enhance the bodys immune system; and Shining Energy for promoting the development of brain cells and enhancing alertness and energy. It also offers Shining Beauty Essence to increase bone mineral density of elderly people and reduce negative health effects associated with the aging process; Shining Companion Bifidus Factor Granule to enhance the growth of bifidus in the human body and intestinal health; Shining Stomach Protection Capsules for protecting stomach walls and improving the digestive system; Shining Sicanel Capsules to reduce hyperlipidemia, or excess levels of fats in the blood; and Shining Golden Shield for enhancing the bodys immune system, as well as bulk additives products. The company serves individual customers; and institutional customers, such as dairy manufacturers, animal feed manufacturers, pharmaceutical companies, and food companies. It distributes its retail products directly, as well as through distributors in the greater Shanghai area under the Shining brand. As of March 31, 2010, the company had 111 Shining branded outlets in Shanghai and 12 other cities in China. China-Biotics, Inc. was founded in 1999 and is based in Pudong, the Peoples Republic of China.
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