Market Maker Surveillance Report. BFSB, SATC, ZN, RGDX, ORS, OXBT, Losing Stocks With Lowest Price Friction For Tuesday, July
July 5, 2011 / M2 PRESSWIRE / BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Tuesday. 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 Tuesday there were 4258 companies with "abnormal" market making, 3375 companies with positive Friction Factors and 3112 companies with negative Friction Factors. Here is a list of the top companies with the largest percentage loss per share Tuesday 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. BROOKLYN FEDERAL BANCORP INC (NASDAQ:BFSB), SATCON TECHNOLOGY CORP (NASDAQ:SATC), ZION OIL & GAS INC (NASDAQ:ZN), RESPONSE GENETICS INC (NASDAQ:RGDX), ORSUS XELENT TECHNOLOGIES IN (AMEX:ORS), OXYGEN BIOTHERAPEUTICS INC (OTC:OXBT). 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 BFSB $-0.280 -19.44% 53,693 44.57% 65,271 54.18% -11,578 -414 SATC $-0.600 -23.62% 4,146,666 48.44% 4,390,648 51.29% -243,982 -4,066 ZN $-0.900 -15.25% 322,366 40.17% 479,050 59.69% -156,684 -1,741 RGDX $-0.350 -12.92% 32,881 48.12% 34,247 50.12% -1,366 -39 ORS $-0.990 -19.26% 114,929 30.63% 126,457 33.70% -11,528 -116 OXBT $-0.330 -11.11% 28,891 30.18% 66,848 69.82% -37,957 -1,150Analysis 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 BFSB with a dollar loss Tuesday of $-0.28000 and a Friction Factor of -414 shares. That means that it only took 414 more shares of selling than buying to move BFSB 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.
BROOKLYN FEDERAL BANCORP INC (NASDAQ:BFSB) - Brooklyn Federal Bancorp, Inc. operates as the holding company for Brooklyn Federal Savings Bank, a federally chartered savings bank that provides various banking products and services in Brooklyn, Nassau, and Suffolk, New York. It primarily engages in generating deposits and originating loans. The companys deposit products include demand deposits consisting of non-interest bearing checking accounts, negotiable order of withdrawal accounts, money market accounts, passbook savings and club accounts, and fixed-term certificates of deposit. Its loan portfolio principally consists of mortgage loans secured by one- to four-family residential real estate, multi-family real estate, and commercial real estate loans, as well as construction loans, land loans, and various consumer loans and home equity loans. The company also involves in selling insurance and fixed annuity products; and acquiring, holding, and investing in certain real estate-related loans and other assets. As of September 30, 2009, it provided its services through its main office and five branch offices located in the state of New York. The company was founded in 1887 and is headquartered in Brooklyn, New York. Brooklyn Federal Bancorp, Inc. is a subsidiary of BFS Bancorp, MHC.
SATCON TECHNOLOGY CORP (NASDAQ:SATC) - Satcon Technology Corporation provides a suite of utility grade power conversion solutions and services for commercial and utility scale renewable energy installations and distributed energy markets in the United States and internationally. Its renewable energy solutions include utility grade inverters for solar photovoltaic and fuel cell applications that offer modular inverters for use in connection with large, utility-scale, renewable energy power systems, such as stationary fuel cell power plants, photovoltaic power plants, and distributed power generation systems. The companys PowerGate Plus inverters convert the DC power generated by a renewable energy source into useable AC power; and provides an interface with the electric utility grid, an energy storage device, and end user applications. Satcon Technology Corporations renewable energy solutions also comprise micro grid solutions that provide stable renewable power locally, at the point of demand. Its micro grid solutions also offer uninterupted utility grade renewable energy to deliver the energy security. Satcon Technology Corporation sells its products and services through direct sales personnel, distributors, and sales agents. The company was founded in 1985 and is headquartered in Boston, Massachusetts.
ZION OIL & GAS INC (NASDAQ:ZN) - Zion Oil & Gas, Inc. operates as a development stage oil and gas exploration company in Israel. The company holds 2 exploration licenses, Asher-Menashe License and Joseph License, covering approximately 162,100 acres onshore in the state of Israel between Netanya in the south and Haifa in the north. It also holds interest in the Issachar-Zebulun permit area, located adjacent to the Asher-Menashe license area, covering approximately 165,000 acres. The company was founded in 2000 and is based in Dallas, Texas.
RESPONSE GENETICS INC (NASDAQ:RGDX) - Response Genetics, Inc., a life sciences company, engages in the research, development, marketing, and sale of clinical diagnostics and pharmacogenomic tests for use in the treatment of cancer in the United States, Europe, and Japan. It offers ResponseDX: Lung test suites for non-small cell lung cancer; ResponseDX: Colon test suites for colorectal cancer; and ResponseDX: Gastric test suites for gastric and gastroesophageal cancer. The companys Response DX test measures the RNA expression of ERCC1, TS, and RRM1 through reverse transcription polymerase chain reaction analysis from a patient's tumor tissue; and polymerase chain reaction analysis of DNA from the patient's sample to determine EGFR amplification, as well as BRAF, EGFR, and KRAS mutational status. It is also developing tests for other types of cancer that identify genetic profiles of tumors that recur after surgery. The company offers its products through its sales force to community based oncologists, hospitals, and physician offices. Response Genetics, Inc. was founded in 1999 and is headquartered in Los Angeles, California.
ORSUS XELENT TECHNOLOGIES IN (AMEX:ORS) - Orsus Xelent Technologies, Inc., together with its subsidiaries, engages in the design, manufacture, and distribution of cellular phones for retail and wholesale distribution in the Peoples Republic of China. It offers cell phones for global system for mobile communications (GSM) and code division multiple access (CDMA) platforms. The company distributes its products through national sales distributors and dealers. It has strategic partnerships with CEC Mobile Co., Ltd., Beijing Xingwang Shidai Tech & Trading Co., Ltd., and CECT-Chinacom Communications Co., Ltd. The company was formerly Universal Flirts Corp. and changed its name to Orsus Xelent Technologies, Inc. in April 2005. Orsus Xelent Technologies, Inc. was founded in 2004 and is headquartered in Beijing, the People's Republic of China.
OXYGEN BIOTHERAPEUTICS INC (OTC:OXBT) - Oxygen Biotherapeutics, Inc. develops medical and cosmetic products that deliver oxygen to tissues in the body. It develops a proprietary perfluorocarbon (PFC) therapeutic oxygen carrier called Oxycyte that is being formulated for both intravenous and topical delivery for conditions, including but not limited to traumatic brain injury, decompression sickness, cosmetics, and topical wounds. The companys under development product include Vitavent, an oxygen exchange fluid for facilitating the treatment of lung conditions. In addition, it out-licensed its rights to a biosensor implant product that uses an enzyme process for measuring the glucose level in subcutaneous fluid. Further, Oxygen Biotherapeutics offers Dermacyte line of oxygen-rich skin care products that promote the appearance of skin health and other desirable cosmetic benefits; and Wundecyte, a wound-healing gel. The company markets and sells Dermacyte line of products through www.buydermacyte.com; and to dermatologists and medical spas with a combination of in-house sales and exclusive distributors. The company was formerly known as Synthetic Blood International, Inc. and changed its name to Oxygen Biotherapeutics, Inc. in June 2008. Oxygen Biotherapeutics was founded in 1967 and is based in Durham, North Carolina.
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