Market Maker Surveillance Report. GIGM, EONC, LYV, GNET, YONG, HMNC, Winning Stocks With Lowest Price Friction For Friday, Jun
June 10, 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 4052 companies with "abnormal" market making, 1821 companies with positive Friction Factors and 5328 companies with negative Friction Factors. Here is a list of the top companies with the largest percentage gain per share Friday 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. GIGAMEDIA LTD (NASDAQ:GIGM), EON COMMUNICATIONS CORP (NASDAQ:EONC), LIVE NATION ENTERTAINMENT IN (NYSE:LYV), GLOBAL TRAFFIC NETWORK INC (NASDAQ:GNET), YONGYE INTERNATIONAL INC (NASDAQ:YONG), (OTCBB:HMNC). 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 GIGM $0.060 5.41% 81,105 51.50% 76,385 48.50% 4,720 787 EONC $0.700 42.94% 152,964 64.87% 80,630 34.20% 72,334 1,033 LYV $0.620 6.02% 1,012,084 30.89% 935,950 28.57% 76,134 1,228 GNET $0.580 5.54% 88,761 68.45% 40,818 31.48% 47,943 827 YONG $0.310 7.29% 910,861 52.18% 834,044 47.78% 76,817 2,478 HMNC $0.220 8.37% 49,435 61.98% 30,330 38.02% 19,105 868Analysis 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 GIGM with a dollar gain Friday of $0.06000 and a Friction Factor of 787 shares. That means that it only took 787 more shares of buying than selling to move GIGM 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.
GIGAMEDIA LTD (NASDAQ:GIGM) - Gigamedia Limited provides gaming software and services to the online gaming industry, as well as operates online games in the Peoples Republic of China, Taiwan, Hong Kong, and Macau. It develops and licenses online poker and casino gaming software solutions and application services primarily for continental European markets. The company offers online gaming software, online gaming management tools, and application and consulting services. It also operates play-for-fun games online. The company provides a portfolio of online games, including MahJong, a traditional Chinese tile game; MMORPG, an Internet-based computer game; advanced casual games; and card, chance-based, and simple casual games. The company offers its products and services to online poker and casino markets. It has strategic alliance with Access China Holding Limited, Numen Soft Co. Ltd., and Gorilla Banana Entertainment Corp. GigaMedia Limited was founded in 1997 and is headquartered in Taipei, Taiwan.
EON COMMUNICATIONS CORP (NASDAQ:EONC) - eOn Communications Corporation, together with its subsidiaries, provides communications solutions in the United States and internationally. Its solutions are built on open architectures that enable easy adoption of technologies, such as voice over Internet protocol (VoIP) and concepts, including service oriented architectures. The company offers the Millennium Converged Communications platform, a solution for small and medium-sized installations, designed for multi site networks, such as school systems, multi tenant services, professional offices, distribution facilities, and retail stores. This platform offers integrated voice mail, unified messaging, and fax messaging services, as well as an array of advanced desktop telephones to employees for information access. eOn Communications also offers the eQueue Multi-Media Contact Center Solution that enables contact centers to interact with their customers regardless of the involved communications media. This solutions eQueue applications include multimedia routing of interaction types with automatic call distributors functionality, telephony capability, email, Web chat and Web collaboration, integrated voice response, voice mail with unified messaging, fax messaging, and quality assurance recording, as well as a range of desktop devices and applications. In addition, the company provides eNterprise SIP Business Telephones to extend communications features of VoIP soft switch platforms to users over Internet protocol networks. It sells the Millennium Converged Communications Platform through a network of U.S.-based dealers and value added resellers (VAR). eOn Communications sells, installs, maintains, and supports eQueue Multi-Media Contact Center Solution through its direct sales force and through certain VARs in North America, as well as markets eNterprise SIP Business phones through VoIP equipment suppliers and distributors. The company was founded in 1991 and is based in Corinth, Mississippi.
LIVE NATION ENTERTAINMENT IN (NYSE:LYV) - Live Nation Entertainment, Inc. produces live music concerts worldwide. It principally promotes live music events in its owned and/or operated venues, and in rented third-party venues, as well as produces music festivals. The company also engages in the operation and management of music venues, and provision of various services to artists. In addition, it involves in managing ticketing operations, and online and wireless distribution activities. As of December 31, 2009, the company owned, operated, or leased 85 entertainment venues and 47 other facilities, including office leases in North America; and 27 entertainment venues and 32 facilities internationally. Live Nation Entertainment, Inc. is headquartered in Beverly Hills, California.
GLOBAL TRAFFIC NETWORK INC (NASDAQ:GNET) - Global Traffic Network, Inc., through its subsidiaries, provides traffic and news information reports to radio and television stations. It offers traffic information reports to radio stations in Australia, Canada, and the United Kingdom; television traffic reports in Australia and Canada; radio entertainment news reports in the United Kingdom; and news information reports to radio stations in Canada. The company offers its services in exchange for commercial airtime inventory that it in turn sells to advertisers. Global Traffic Network, Inc. was founded in 1997 and is based in New York, New York.
YONGYE INTERNATIONAL INC (NASDAQ:YONG) - Yongye International, Inc., together with its subsidiaries, engages in the research and development, manufacturing, and distribution of fulvic acid based liquid and powder nutrient compounds for plant and animal feed used in the agriculture industry in the Peoples Republic of China. The company sells two lines of product based on its fulvic acid compound base, including plant nutrition liquid compound and animal nutrition powder. Its plant products add naturally occurring macro and micro nutrients, such as nitrogen, phosphorus, potassium, boron, and zinc; and animal products add natural herbs, which provide antibiotic type properties. The company sells its products through community-direct sales and distributor network sales, as well as retail stores, branded stores, and farmers. As of March 31, 2010, it operated 13,880 branded stores. The company is headquartered in Beijing, the Peoples Republic of China.
(OTCBB:HMNC) -
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