Market Maker Surveillance Report. XING, RITT, JVA, SNOFF, QXM, AVMXF, Losing Stocks With Lowest Price Friction For Monday, Jun
June 20, 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 4353 companies with "abnormal" market making, 3429 companies with positive Friction Factors and 3132 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. QIAO XING UNIVERSAL RESOURCE (NASDAQ:XING), RIT TECHNOLOGIES LTD (NASDAQ:RITT), COFFEE HOLDING CO INC (AMEX:JVA), SINO-FOREST CORP (OTC:SNOFF), QIAO XING MOBILE COMMUNICATI (NYSE:QXM), AVITA MEDICAL LTD (OTC:AVMXF). 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 XING $-0.400 -28.57% 1,184,279 40.94% 1,690,789 58.45% -506,510 -12,663 RITT $-2.000 -19.65% 174,752 42.18% 229,909 55.50% -55,157 -276 JVA $-2.440 -15.65% 627,649 44.82% 758,033 54.14% -130,384 -534 SNOFF $-0.608 -17.89% 349,893 21.28% 587,772 35.74% -237,879 -3,912 QXM $-0.850 -31.48% 95,479 29.95% 118,620 37.21% -23,141 -272 AVMXF $-0.030 -16.67% 31,000 25.43% 90,900 74.57% -59,900 -19,967Analysis 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 XING with a dollar loss Monday of $-0.40000 and a Friction Factor of -12,663 shares. That means that it only took 12,663 more shares of selling than buying to move XING 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.
QIAO XING UNIVERSAL RESOURCE (NASDAQ:XING) - Qiao Xing Universal Resources, Inc. operates primarily in the molybdenum-mining industry. It focuses on mining and processing rare metal ores and various base-metal ores, including molybdenum, copper, lead, and zinc. The company owns a 100% equity interest in Balinzuo Banner Xinyuan Mining Co., Ltd., which owns a lead-zinc mine in Balinzuo Banner in the Inner Mongolia Autonomous Region of the Peoples Republic of China. It also owns a 34.53% equity interest in Chifeng Aolunhua Mining Co., Ltd, as well as the right to receive 100% of the expected residual returns from Chifeng Haozhou Mining Co., Ltd. that owns interest in the Erdaoyingzi molybdenum mining property in China. The company was formerly known as Qiao Xing Universal Telephone, Inc. and changed its name to Qiao Xing Universal Resources, Inc. on May 26, 2010. Qiao Xing Universal Resources, Inc. was founded in 1992 and is headquartered in Huizhou, China.
RIT TECHNOLOGIES LTD (NASDAQ:RITT) - RiT Technologies Ltd. develops intelligent physical layer management solutions for the control, utilization, and maintenance of networks worldwide. The company offers structured cabling products, including SMART Cabling System, an end-to-end network infrastructure solution that provides connectivity solutions for copper and fiber; and CLASSix, a cabling product line, which supports data communication protocols, such as gigabit Ethernet. Its products include PatchView, an intelligent infrastructure management solution that offers real-time connectivity information to the data networks connectivity infrastructure; PatchView for the Enterprise software to identify infrastructure connections in real-time and network resources; and PVMax, a hardware platform for PatchView. In addition, the company offers PV4E network management software and a RiT private label version of a midspan power over Ethernet solution; SMARTen 10GB cabling solution; SiteWiz cable and asset management software solution; SitePro, a software solution for hand-held devices; and Paladin for environment and security management. Further, it provides PairView, an outside plant management and qualification system that enables telecos to identify, record, and test the connectivity routing of local loop pairs, and update their database; PairQ to transfer high bandwidth communication on plain regular old telephone lines for digital subscriber line services markets; PairView Pro, a local loop mass verification system to identify and map various digital services; NGPair for street cabinet migration and automatic MDF installation; and PairGuide, a single point of interface to the Carrier OSS. The company offers its solutions through distributors, strategic alliance partners, value-added resellers, system integrators, OEMs, and installers. It has strategic alliances with 3M, Brand-Rex, Belden/CDT, ADC, Furukawa, LS Cable, and Connectix. The company was founded in 1989 and is headquartered in Tel Aviv, Israel.
COFFEE HOLDING CO INC (AMEX:JVA) - Coffee Holding Co., Inc. operates as an integrated wholesale coffee roaster and dealer in the United States and Canada. The company offers three categories of products: wholesale green coffee, private label coffee, and branded coffee. The wholesale green coffee product category consists of unroasted raw beans imported from worldwide that are offered to the roasters and coffee shop operators in approximately 90 varieties. The private label coffee product category includes coffee roasted, blended, packaged, and sold under the specifications and names of others. As of October 31, 2009, it supplied coffee under approximately 50 different labels to wholesalers and retailers. The branded coffee product category comprises coffee roasted and blended to the company's own specifications and offered under its seven brand names in various segments of the market. The company also offers various products, including trial-sized mini-brick coffee packages; specialty instant coffees; instant cappuccinos and hot chocolates; and tea line products. Its coffee brands include Cafe Caribe, S&W, Cafe Supremo, Don Manuel, Fifth Avenue, Via Roma, IL CLASSICO, and Entenmann. Coffee Holding Co., Inc. markets its private label and wholesale coffee through trade shows, industry publications, face-to-face contacts, internal sales force, and non-exclusive independent food and beverage sales brokers, as well as through its Web site, www.coffeeholding.com. The company was founded in 1971 and is headquartered in Staten Island, New York.
SINO-FOREST CORP (OTC:SNOFF) - Sino-Forest Corporation operates as a forestry plantation company in the Peoples Republic of China. The company acquires, cultivates, and sells standing timber or harvested logs from its purchased, integrated, and planted plantations, which include diversified mix of tree species primarily comprising pine, Chinese fir, and eucalyptus; and sources and sells logs, veneer, sawn timber, and other wood-based products. It offers engineered-wood flooring products, sawn timber, finger-joint boards, blockboards, and plywood. In addition, the company involves in the greenery and nursery operations, and supplies and manages landscaping products for property developers and other organizations. As of December 31, 2009, it had approximately 438,900 hectares of forestry plantations under management primarily located in Guangdong, Guangxi, Jiangxi, Hunan, Yunnan, Heilongjiang, Guizhou, and Fujian provinces. Sino-Forest also has operations in Hong Kong and Canada. The company was founded in 1994 and is based in Mississauga, Canada.
QIAO XING MOBILE COMMUNICATI (NYSE:QXM) - Qiao Xing Mobile Communication Co., Ltd., through its subsidiary, CEC Telecom Co., Ltd., develops, manufactures, markets, and sells mobile handsets in the Peoples Republic of China. The companys mobile handsets are based on global system for mobile communications, time division-synchronous code division multiple access, and wideband code division multiple access technologies. It offers its products under the CECT and VEVA brand names. The company provides its products to various consumers through its own retail stores, national and provincial distributors, and TV direct sales distributors, as well as through its Website vevago.com. As of June 18, 2010, it operated six VEVA retail stores in Beijing. The company was founded in 2000 and is headquartered in Beijing, the Peoples Republic of China. Qiao Xing Mobile Communication Co., Ltd. is a subsidiary of Qiao Xing Universal Resources, Inc.
AVITA MEDICAL LTD (OTC:AVMXF) - Avita Medical Limited, a medical device company, engages in the development and distribution of regenerative and tissue-engineered products for the treatment of a range of wounds, scars, and skin defects in the Asia Pacific, Europe, and the Americas. The company offers ReCell, a rapid cell harvesting device that enables surgeons to treat skin defects using the patients cells that are collected during surgery. The ReCell is designed for use in plastic, reconstructive, burn, and cosmetic procedures. It also provides CellSpray, a cultured epithelial autograft suspension that is sprayed onto injured skin in order to provide an epidermal cover and promote healing. In addition, Avita Medical Limited manufactures and sells a range of spacers, including Funhaler, an asthma spacer for the paediatric market; and Breath-A-Tech spacer for adolescents and adults. The company, formerly known as Clinical Cell Culture Limited, was founded in 1999 and is headquartered in Cambridge, the United Kingdom.
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