Market Maker Surveillance Report. HRBN, AXK, MCZ, CFSG, LPS, P, Losing Stocks With Lowest Price Friction For Thursday, June 16
June 16, 2011 / M2 PRESSWIRE / BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Thursday. 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 Thursday there were 4411 companies with "abnormal" market making, 2552 companies with positive Friction Factors and 3967 companies with negative Friction Factors. Here is a list of the top companies with the largest percentage loss per share Thursday 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. HARBIN ELECTRIC INC (NASDAQ:HRBN), ACCELER8 TECHNOLOGY CORP (AMEX:AXK), MAD CATZ INTERACTIVE INC (AMEX:MCZ), CHINA FIRE & SECURITY GROUP (NASDAQ:CFSG), LENDER PROCESSING SERVICES (NYSE:LPS), (:P). 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 HRBN $-7.310 -51.12% 6,930,852 47.39% 7,004,942 47.90% -74,090 -101 AXK $-0.830 -15.17% 130,114 30.72% 147,596 34.84% -17,482 -211 MCZ $-0.240 -15.38% 1,003,795 29.11% 1,462,155 42.41% -458,360 -19,098 CFSG $-0.890 -10.88% 169,084 35.21% 308,595 64.25% -139,511 -1,568 LPS $-3.550 -14.63% 305,060 22.10% 571,708 41.41% -266,648 -751 P $-4.030 -23.13% 3,760,023 24.83% 4,415,820 29.16% -655,797 -1,627Analysis 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 HRBN with a dollar loss Thursday of $-7.31000 and a Friction Factor of -101 shares. That means that it only took 101 more shares of selling than buying to move HRBN 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.
HARBIN ELECTRIC INC (NASDAQ:HRBN) - Harbin Electric, Inc., through its subsidiaries, engages in the design, development, manufacture, supply, and service of electric motors in the Peoples Republic of China and internationally. The companys product lines include linear motors and integrated systems, automobile specialty micro-motors, and industrial rotary motors. Its linear motors and integrated systems comprise flat linear asynchronous motor series and flat three-phase linear asynchronous motors, which are applied in transmission systems, such as the production transportation line, the crane, postal service sorting machine, baggage sorting machine, printed matter sorting machine, automatic linear door, and revolving door applications. The companys linear motors and integrated systems also consist of products used in the oil, factory automation, packaging, logistic systems, and food industries, as well as in the production transportation conveyor lines, postal service mail sorting machines, baggage sorting machines, printed matter sorting machines, food and meat slicers, oil pump machines of oilfield, and automated power switches. The companys automobile specialty micro-motors are used for car seat automation, back seat folding, electric power steering, automated windows, and automated trunk opening. These products are also used for door locks, gas pedals, ABS, gas pumps, and engine gas jets. Harbin Electric, Inc.s industrial rotary motors are used in various applications, such as freight train driving motors, power plants, metallurgical and mining industry, chemical and petrochemical industry, construction machinery, agricultural equipment and machinery, transportation machinery, machine tools, medical devices, ventilation equipment, air compressors, and electric pumps. The company is headquartered in Harbin, the Peoples Republic of China.
ACCELER8 TECHNOLOGY CORP (AMEX:AXK) - Accelr8 Technology Corporation develops materials and instrumentation for applications in medical instrumentation, basic research, drug discovery, and bio-detection in the United States. It manufactures and markets OptiChem surface coatings for use in microarraying components. The company is also developing a program to integrate OptiChem surface chemistry, QuanDx light-scattering quantitative assay instrumentation, and YoDx assay acceleration process into the BACcel system for rapid bacterial identification and antibiotic resistance testing. Accelr8 Technology Corporation was founded in 1982 and is based in Denver, Colorado.
MAD CATZ INTERACTIVE INC (AMEX:MCZ) - Mad Catz Interactive, Inc. engages in the design, manufacture, marketing, and distribution of accessories for videogame platforms, the personal computers (PC), and iPod and other audio devices. Its products include videogame, PC, and audio accessories, such as control pads, video cables, steering wheels, joysticks, memory cards, light guns, flight sticks, dance pads, microphones, car adapters, carry cases, mice, keyboards, and headsets. The company also markets videogame enhancement products, as well as and publishes videogames. Mad Catz Interactive markets its accessories under the Mad Catz, Saitek, Cyborg, Eclipse, Joytech, GameShark, Tritton, and AirDrives brand names, as well as under private label brands. The company sells its products to retailers of interactive entertainment products directly in the United States, Europe, Canada, Australia, Japan, Korea, New Zealand, and Singapore. Mad Catz Interactive, Inc. was founded in 1989 and is headquartered in San Diego, California.
CHINA FIRE & SECURITY GROUP (NASDAQ:CFSG) - China Fire & Security Group, Inc., through its subsidiaries, engages in the design, development, manufacture, and sale of various fire safety products for the industrial and special purpose infrastructure industries, as well as the design and installation of industrial fire safety systems in the Peoples Republic of China and India. The companys fire detecting products include linear heat fire detectors, multi-frequency infrared flame detectors, long range infrared combustible gas detectors, fixed point combustible gas detectors, and point fire detectors. Its fire alarm control and network supervisory systems comprise fire alarm control unit, fire control room display system, fire safety monitoring center system, and remote customer service system. China Fire & Security Groups fire extinguishing systems consist of water mist fire-extinguishing system, anti-false-spray water spray fire-extinguishing system, gas-based fire-extinguishing system, foam-based fire-extinguishing system, portable and transportable fire extinguishers, and high-pressure cylinders. It markets its industrial fire safety products and systems primarily to companies in the iron and steel, power, and petrochemical industries, as well as for highway and railway tunnels, wine distilleries, tobacco warehouses, and nuclear reactor projects. The company was founded in 1995 and is headquartered in Beijing, the Peoples Republic of China.
LENDER PROCESSING SERVICES (NYSE:LPS) - Lender Processing Services, Inc. provides integrated technology and outsourced services to the mortgage lending industry in the United States. The company operates through two segments, Technology, Data, and Analytics; and Loan Transaction Services. The Technology, Data, and Analytics segment offers software systems and information solutions that facilitate and automate various business processes across the life cycle of a mortgage; and processes a range of loan products consisting of fixed-rate mortgages, adjustable-rate mortgages, construction loans, and daily simple interest loans. Its applications and services of technology comprise mortgage servicing platform for loan setup and ongoing processing, customer service, accounting and reporting, and federal regulatory reporting; Desktop, a Web-based workflow information system for managing and automating a range of workflow processes; and various software applications and services that facilitate the origination of mortgage loans. This segment also provides data and analytics services, including alternative valuation services, data and information, and fraud detection services. The Loan Transaction Services segment offers customized outsourced business process and information solutions. It provides various settlement services, such as centralized title agency and closing services; property appraisal services; and lenders real estate tax information, federal flood zone certifications, and monitoring services. This segment also offers default management services, which include foreclosure; property inspection and preservation; and asset management, default title, and settlement. The company provides its services primarily to banks, as well as to various financial institutions, mortgage lenders, mortgage loan servicers, attorneys, trustees, and real estate professionals. Lender Processing Services, Inc. is headquartered in Jacksonville, Florida.
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