Market Maker Surveillance Report. ANX, COOL, SMDZF, AUTC, LODE, ZGNX, Losing Stocks With Lowest Price Friction For Wednesday,
September 14, 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 4069 companies with "abnormal" market making, 3963 companies with positive Friction Factors and 2249 companies with negative Friction Factors. Here is a list of the top companies with the largest percentage loss per share Wednesday 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. ADVENTRX PHARMACEUTICALS INC (AMEX:ANX), MAJESCO ENTERTAINMENT COMPANY (NASDAQ:COOL), STRATEGIC METALS LTD (OTC:SMDZF), AUTOCHINA INTERNATIONAL LTD (NASDAQ:AUTC), COMSTOCK MINING INC (OTCBB:LODE), ZOGENIX INC (NASDAQ:ZGNX). 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 ANX $-0.180 -13.74% 757,763 30.08% 832,416 33.05% -74,653 -4,147 COOL $-0.310 -11.65% 1,502,748 43.85% 1,917,839 55.96% -415,091 -13,390 SMDZF $-0.249 -11.79% 28,600 25.88% 45,600 41.26% -17,000 -683 AUTC $-4.090 -28.97% 123,502 44.70% 146,837 53.15% -23,335 -57 LODE $-0.260 -9.09% 72,368 22.20% 150,858 46.29% -78,490 -3,019 ZGNX $-0.290 -9.97% 115,398 43.29% 151,151 56.71% -35,753 -1,233Analysis 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 ANX with a dollar loss Wednesday of $-0.18000 and a Friction Factor of -4,147 shares. That means that it only took 4,147 more shares of selling than buying to move ANX 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.
ADVENTRX PHARMACEUTICALS INC (AMEX:ANX) - ADVENTRX Pharmaceuticals, Inc., a specialty pharmaceutical company, focuses on in-licensing, developing, and commercializing proprietary product candidates for the treatment of cancer. Its lead product candidates include ANX-530, an emulsion formulation of chemotherapy drug vinorelbine to treat advanced non-small cell lung cancer as a single agent or in combination with cisplatin, as well as to treat advanced or metastatic breast cancer; and ANX-514, an emulsion formulation of the chemotherapy drug docetaxel for the treatment of breast, non-small cell lung, prostate, gastric, and head and neck cancers. The company was founded in 1995 is headquartered in San Diego, California.
MAJESCO ENTERTAINMENT COMPANY (NASDAQ:COOL) - Majesco Entertainment Company provides interactive entertainment products primarily in the United States and Europe. It offers video game software and other digital entertainment products. The company publishes video games for interactive entertainment hardware platforms, including Nintendo's DS, DSi, and Wii; Sony's PlayStation 2 and PlayStation Portable; Microsoft's Xbox and Xbox 360; and personal computers and other mobile devices. It sells its products primarily to retail chains, specialty retail stores, video game rental outlets, and distributors, as well as international publishers. Majesco Entertainment Company has a strategic partnership with Martha Stewart Living Omnimedia Inc. to develop and produce interactive electronic games. The company was founded in 1998 and is based in Edison, New Jersey.
STRATEGIC METALS LTD (OTC:SMDZF) - Strategic Metals Ltd., a development stage company, engages in the acquisition and exploration of mineral properties in Canada. It primarily focuses on exploring for copper, gold, zinc, silver, lead, nickel, tungsten, molybdenum, and platinum group elements in Yukon, northern British Columbia, and western NorthWest Territories. The company is headquartered in Vancouver, Canada.
AUTOCHINA INTERNATIONAL LTD (NASDAQ:AUTC) - AutoChina International Limited, through its subsidiary, AutoChina Group Inc., owns and operates a commercial vehicle financing and service centers network in the People's Republic of China. It involves in leasing commercial vehicles; and providing after-sales support, road-side assistance, and value-added services. The company offers a lease-to-own program that comprises after-sales and support services for Class 8 heavy trucks; and a standard lease program, which includes various services consisting of licensing and permit, insurance, registration, and support services. In addition, it provides optional value-added services, such as financing for tire and diesel fuel purchases. The company offers its services to the owners or owner-operators in the transportation industry. As of May 18, 2010, it owned and operated a network of 190 commercial vehicle financing and service centers. AutoChina International Limited is based in Shijiazhuang, the People's Republic of China.
COMSTOCK MINING INC (OTCBB:LODE) - Comstock Mining Inc. operates as a precious metals mining company in North America. The company has interests in the Comstock gold and silver exploration and test mining project in Storey and Lyon Counties, Nevada; the Spring Valley and Gold Canyon placers project, as well as the Como mineral claims in Lyon County, Nevada; and the Big Mike copper project located in Pershing County, Nevada. The company was formerly known as GoldSpring, Inc. and changed its name to Comstock Mining Inc. on July 21, 2010. Comstock Mining Inc. was incorporated in 1999 and is based in Virginia City, Nevada.
ZOGENIX INC (NASDAQ:ZGNX) - Zogenix, Inc., a pharmaceutical company, engages in the development and commercialization of products for the treatment of central nervous system disorders and pain. The companys principal commercial product includes SUMAVEL DosePro (sumatriptan injection) Needle-free Delivery System for the acute treatment of migraine and cluster headache. It also offers ZX002, a novel, oral, single-entity controlled-release formulation of hydrocodone that is in Phase 3 clinical trials for the treatment of moderate to severe chronic pain in patients requiring around-the-clock opioid therapy. In December 2010, the company received approval from the Danish Medicines Agency of Denmark for the Marketing Authorization Application for SUMAVEL DosePro Needle-Free Delivery System. Zogenix, Inc. was founded in 2006 and is based in San Diego, California.
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