Market Maker Surveillance Report. SBSA, BKBK, PACB, OMEX, KIPS, TKDN, Losing Stocks With Lowest Price Friction For Wednesday,
September 21, 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 3785 companies with "abnormal" market making, 1317 companies with positive Friction Factors and 5202 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. SPANISH BROADCASTING SYS-A (NASDAQ:SBSA), BRITTON & KOONTZ CAPITAL CRP (NASDAQ:BKBK), PACIFIC BIOSCIENCES OF CALIF (NASDAQ:PACB), ODYSSEY MARINE EXPLORATION (NASDAQ:OMEX), (NASDAQ:KIPS), (OTCBB:TKDN). 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 SBSA $-0.670 -23.76% 56,645 39.85% 81,211 57.13% -24,566 -367 BKBK $-3.800 -33.63% 45,773 46.31% 52,831 53.45% -7,058 -19 PACB $-1.310 -23.56% 684,377 42.18% 938,198 57.82% -253,821 -1,938 OMEX $-1.050 -32.41% 3,383,580 48.68% 3,546,000 51.02% -162,420 -1,547 KIPS $-0.980 -34.39% 28,757 26.05% 81,619 73.95% -52,862 -539 TKDN $-0.220 -17.32% 718,281 41.03% 1,007,578 57.55% -289,297 -13,150Analysis 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 SBSA with a dollar loss Wednesday of $-0.67000 and a Friction Factor of -367 shares. That means that it only took 367 more shares of selling than buying to move SBSA 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.
SPANISH BROADCASTING SYS-A (NASDAQ:SBSA) - Spanish Broadcasting System, Inc. operates as a Hispanic-controlled media and entertainment company in the United States. It owns and operates 21 radio stations; and 2 television stations under MegaTV brand name. The company also operates LaMusica.com, Mega.tv, and its radio station Websites, which are Spanish and English Websites that provide content related to Latin music, entertainment, news, and culture. In addition, it produces live concerts and events. The companys radio station programming formats include Spanish Tropical, Regional Mexican, Spanish Adult Contemporary, Spanish Oldies, Top 40, and Latin Rhythmic, the Hispanic Urban music format. Its television programming format focuses on entertainment and events, which include programs ranging from televised radio-branded shows to general entertainment programs, such as music, celebrity, debate, interviews, and personality-based shows. The company was founded in 1983 and is headquartered in Coconut Grove, Florida.
BRITTON & KOONTZ CAPITAL CRP (NASDAQ:BKBK) - Britton & Koontz Capital Corporation operates as the holding company for Britton & Koontz Bank, National Association that provides commercial and consumer banking services in Mississippi and Louisiana. The company offers various deposit products, including personal and commercial checking accounts, money market deposit accounts, savings accounts, non-interest bearing accounts, NOW accounts, and certificates of deposit. Its loan portfolio comprises commercial, financial, and agricultural loans; real estate construction, residential, and other loans; and installment loans. In addition, the company provides automated clearinghouse services; safe deposit box facilities; brokerage services; automated teller machines; cash management services, including remote deposit, money transfer, direct deposit payroll, and sweep accounts; VISA credit cards; and letters of credit. As of May 18, 2010, it operated three full service offices in Natchez, two in Vicksburg, Mississippi; and three in Baton Rouge, Louisiana. The company was founded in 1866 and is headquartered in Natchez, Mississippi.
PACIFIC BIOSCIENCES OF CALIF (NASDAQ:PACB) - Pacific Biosciences of California, Inc. focuses on the development and commercialization of a transformative platform for single molecule, real-time detection of biological events. It plans to offer PacBio RS, an instrument that conducts, monitors, and analyzes single molecule biochemical sequencing reactions in real time by using its proprietary single molecule, real-time, or SMRT technology. The companys instrument would be used in DNA sequencing market. It intends to sell its product to genome centers, clinical institutions, government and academic institutions, genomics service providers, and agricultural companies. The company was formerly known as Nanofluidics, Inc. and changed its name to Pacific Biosciences of California, Inc. in 2005. Pacific Biosciences of California, Inc. was founded in 2000 and is headquartered in Menlo Park, California.
ODYSSEY MARINE EXPLORATION (NASDAQ:OMEX) - Odyssey Marine Exploration, Inc. engages in the exploration and recovery of deep-ocean shipwrecks worldwide. The company sells coins, artifacts, and merchandise, as well as leases its themed attraction exhibit and expedition charters. It sells coins and artifacts through dealers. The company was founded in 1986 and is headquartered in Tampa, Florida.
(NASDAQ:KIPS) -
(OTCBB:TKDN) -
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