Market Maker Surveillance Report. FCEL, ABCP, MTG, PETD, CONN, WPRT, Winning Stocks With Lowest Price Friction For Wednesday,
September 7, 2011 / M2 PRESSWIRE / BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Wednesday. 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 Wednesday there were 4156 companies with "abnormal" market making, 4795 companies with positive Friction Factors and 1721 companies with negative Friction Factors. Here is a list of the top companies with the largest percentage gain per share Wednesday 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. FUELCELL ENERGY INC (NASDAQ:FCEL), AMBASE CORP (OTC:ABCP), MGIC INVESTMENT CORP (NYSE:MTG), PETROLEUM DEVELOPMENT CORP (NASDAQ:PETD), CONN'S INC (NASDAQ:CONN), WESTPORT INNOVATIONS INC (NASDAQ:WPRT). 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 FCEL $0.260 25.24% 4,021,267 50.53% 3,933,552 49.43% 87,715 3,374 ABCP $0.200 18.18% 52,508 46.46% 28,165 24.92% 24,343 1,217 MTG $0.530 23.14% 5,641,160 35.40% 5,330,057 33.45% 311,103 5,870 PETD $5.740 26.39% 797,048 55.16% 636,117 44.03% 160,931 280 CONN $2.070 38.05% 573,180 51.41% 529,816 47.52% 43,364 209 WPRT $4.410 19.33% 1,438,212 50.73% 1,362,019 48.04% 76,193 173Analysis 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 FCEL with a dollar gain Wednesday of $0.26000 and a Friction Factor of 3,374 shares. That means that it only took 3,374 more shares of buying than selling to move FCEL 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.
FUELCELL ENERGY INC (NASDAQ:FCEL) - FuelCell Energy, Inc. engages in the development and manufacture of fuel cell power plants for electric power generation primarily in the United States, Canada, Germany, Japan, and South Korea. Its core carbonate fuel cell products include Direct FuelCell or DFC Power Plants for stationary power generation applications. The company also develops carbonate fuel cell and planar solid oxide fuel cell technology. Its proprietary carbonate DFC power plants electrochemically produce electricity directly from readily available hydrocarbon fuels, such as natural gas and biogas fuels. The company serves manufacturers; mission critical institutions, including correction facilities and government installations; and hotels and customers, such as breweries, food processors, and wastewater treatment facilities, who use renewable gas for fuel. FuelCell Energy, Inc. was founded in 1969 and is headquartered in Danbury, Connecticut.
AMBASE CORP (OTC:ABCP) - AmBase Corporation, through its subsidiary, owns, operates, and manages a commercial office building in Greenwich, Connecticut. The commercial office building covers approximately 14,500 square feet. The company was incorporated in 1975 and is headquartered in Greenwich, Connecticut.
MGIC INVESTMENT CORP (NYSE:MTG) - MGIC Investment Corporation, through its subsidiary, Mortgage Guaranty Insurance Corporation, provides private mortgage insurance to the home mortgage lending industry in the United States. It provides primary insurance coverage that provides mortgage default protection on individual loans and covers unpaid loan principal, delinquent interest, and various expenses associated with the default and subsequent foreclosure. The companys primary insurance is written on first mortgage loans secured by owner occupied single-family homes, first liens secured by non-owner occupied single-family homes, and on vacation or second homes. MGIC Investments principal product, primary mortgage insurance is written through the flow market channel, in which loans are insured in individual and loan-by-loan transactions, as well as through the bulk market channel, in which portfolios of loans are individually insured in single, bulk transactions. It also provides various mortgage services for the mortgage finance industry, such as contract underwriting, portfolio retention, and secondary marketing of mortgage-related assets. In addition, the company provides Internet portal that enables mortgage originators to access products and services of wholesalers, investors, and vendors necessary to make a home mortgage loan, as well as provides Web site hosting, design, and marketing solutions for mortgage originators and real estate agents. It serves originators of residential mortgage loans, such as savings institutions, commercial banks, mortgage brokers, credit unions, mortgage bankers, and various other lenders. The company was founded in 1984 and is headquartered in Milwaukee, Wisconsin.
PETROLEUM DEVELOPMENT CORP (NASDAQ:PETD) - Petroleum Development Corporation, an independent energy company, engages in the exploration for, development, production, and marketing of oil and natural gas. The company specializes in the purchase, aggregation, and resale of natural gas from other producers. As of December 31, 2009, it owned an interest in and operated approximately 5,000 gross wells located primarily in the Rocky Mountain Region and Appalachian Basin. It sells natural gas to other gas marketers, utilities, industrial end-users, and other wholesale gas purchasers. The company was founded in 1955 and is based in Denver, Colorado.
CONN'S INC (NASDAQ:CONN) - Conns, Inc. operates as a specialty retailer of home appliances, consumer electronics, home office equipment, lawn and garden products, mattresses, and furniture in the United States. It also sells repair service agreements and customer credit programs, including installment and revolving credit account programs, and various credit insurance products. In addition, the company sells its products online. As of March 25, 2010, it operated 76 retail and clearance stores in southern Louisiana, southeast Texas, Houston, South Texas, San Antonio/Austin, Dallas/Fort Worth, and Oklahoma. The company was founded in 1890 and is headquartered in Beaumont, Texas.
WESTPORT INNOVATIONS INC (NASDAQ:WPRT) - Westport Innovations Inc. the research, development, and marketing of low-emission engine and fuel injection systems that utilize alternative gaseous fuels, such as natural gas, propane, or hydrogen. It develops technology and products that enable light, medium, and heavy-duty diesel engines to run primarily on compressed natural gas (CNG) or liquefied natural gas (LNG). The company focuses on three categories or target markets through its business units or joint ventures: Juniper, which is focused on 2.0L and 2.4L engines for industrial applications such as forklifts, oilfield service engines, and light-duty automotive; Cummins Westport (CWI), which is focused on natural gas engine applications for urban fleets, such as buses, refuse trucks, and vocational vehicles ranging from 5.9L to 8.9L; and Westport Heavy Duty (Westport HD), which is focused on LNG systems for heavy-duty trucks (Westport HD Systems) and the platform for the licensing of Westport HD Systems. The company was founded in 1995 and is headquartered in Vancouver, Canada.
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