Market Maker Surveillance Report. ASA, ENMD, ORCT, EK, WATG, SQQQ, Winning Stocks With Lowest Price Friction For Monday, Octob
October 3, 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 3644 companies with "abnormal" market making, 901 companies with positive Friction Factors and 6100 companies with negative Friction Factors. Here is a list of the top companies with the largest percentage gain per share Monday 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. ASA GOLD AND PRECIOUS METALS (NYSE:ASA), ENTREMED INC (NASDAQ:ENMD), ORCKIT COMM LTD (NASDAQ:ORCT), EASTMAN KODAK CO (NYSE:EK), WONDER AUTO TECHNOLOGY INC (OTC:WATG), PROSHARES ULTRAPRO SHORT QQQ (NASDAQ:SQQQ). 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 ASA $2.010 7.45% 34,796 28.33% 30,187 24.58% 4,609 23 ENMD $0.110 7.24% 68,834 51.90% 61,196 46.14% 7,638 694 ORCT $0.100 7.69% 53,711 52.49% 48,609 47.51% 5,102 510 EK $0.600 76.90% 22,085,154 35.43% 21,136,775 33.91% 948,379 15,806 WATG $0.050 5.26% 59,154 31.72% 57,436 30.80% 1,718 344 SQQQ $2.790 10.46% 2,283,938 49.81% 2,280,428 49.73% 3,510 13Analysis 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 ASA with a dollar gain Monday of $2.01000 and a Friction Factor of 23 shares. That means that it only took 23 more shares of buying than selling to move ASA 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.
ASA GOLD AND PRECIOUS METALS (NYSE:ASA) - ASA Limited is a self management investment trust. The firm invests in the public equity markets across the globe. It primarily invests in stocks of companies engaged in the exploration, mining or processing of gold, silver, platinum, diamonds, or other precious minerals. ASA Limited was founded in 1958 and is based in San Mateo, California.
ENTREMED INC (NASDAQ:ENMD) - EntreMed, Inc., a clinical-stage pharmaceutical company, engages in developing therapeutics for the treatment of cancer and inflammatory diseases. It is developing primarily ENMD-2076, a selective angiogenic kinase inhibitor for the treatment of cancer. ENMD-2076 is in Phase I studies in advanced cancers, multiple myeloma, and leukemia. The companys other drug candidates include MKC-1, an oral cell-cycle inhibitor with activity against the mTOR pathway, which has completed Phase II clinical trials for cancer; ENMD-1198, an orally-active antimitotic agent that has completed a Phase I clinical trial in advanced cancers; and Panzem (2ME2), an orally active compound, which is under Phase I clinical trial for the treatment of rheumatoid arthritis. EntreMed, Inc. was founded in 1991 and is headquartered in Rockville, Maryland.
ORCKIT COMM LTD (NASDAQ:ORCT) - Orckit Communications Ltd. (Orckit), incorporated in 1990, is engaged in the design, development, manufacture and marketing of telecom equipment that enables transmission of broadband services. The Company's telecommunication transport equipment supports high-bandwidth video services, including high-definition television (HDTV), Internet protocol television (IPTV) and video on demand (VOD), interactive television (together known also as video services), as well as other types of data services and voice services, whether transmitted over wireline or cellular networks in metropolitan networks. The end-user base for its products comprises primarily telephone companies. Orckit has terminated the sale of these digital subscriber line (DSL) products.
The Company's CM-100 product line was developed by its subsidiary, Corrigent Systems Inc. The CM-100 solution is designed to enable the provision and management of data and voice transport services. Supporting fiber-optic infrastructures, the CM-100 supports a range of interfaces for video, data, voice and storage.
Orckit's CM-100 metropolitan product line is an optical transport solution that can handle not only video and data services for telephone company customers and small to medium-size businesses, but also supports the full range of traditional voice services, in compliance with the technical specifications required by existing synchronous voice transmission on optical media (SONET), transfer protocol.
The Company focuses on the need of metropolitan area networks designed in a ring configuration that primarily addresses a transmission capacity of 10 gigabits per second. A majority of the metropolitan area rings are operating at a capacity of 2.5 gigabits per seconds or below because they were primarily designed to address voice traffic and to support high-speed Internet connection services.
The CM-100 product line was first delivered for commercial deployment during the year ended December 31, 2004. In 2004, this product was selected for commercial deployment by KDDI Corporation in Japan, a telecom carrier in Japan. A small amount of sales was also made to Vic Tokai, a regional telecom provider in Japan targeting Ethernet-based services. Sales to its customers in Japan are made through distributors. In 2005, the CM-100 was selected for deployment by WilTel, a United States wholesale telecommunications carrier subsequently acquired by Level 3 Communications. Level 3 Communications is re-evaluating the need for CM-100 products in its converged network following this acquisition.
The Company competes with Alcatel, Cisco Systems, Inc., ECI Telecom Ltd., Fujitsu, Hitachi, Huwaei, Lucent Technologies Inc., Nortel Networks, Siemens AG and UTStarcom.
EASTMAN KODAK CO (NYSE:EK) - Eastman Kodak Company provides imaging technology products and services to the photographic and graphic communications markets worldwide. It operates in three segments: Consumer Digital Imaging Group (CDG); Film, Photofinishing, and Entertainment Group (FPEG); and Graphic Communications Group (GCG). The CDG segment offers consumer digital capture and devices, including digital still and pocket video cameras, digital picture frames, imaging essentials, accessories, memory products, snapshot printers and related media; retail kiosks and consumables, consumer and retailer software workflows, remote business monitoring, retail store merchandising and identity programs, and after sale service and support; imaging sensors; and all-in-one inkjet printers. It also provides online merchandise and sharing services. The FPEG segment comprises traditional photographic products and services, including paper, film, and chemistry used for consumer, professional, and industrial imaging applications, as well as those products and services used in the creation of motion pictures. It manufactures and markets motion picture, consumer, professional, industrial, and aerial films; one-time-use cameras; photographic paper and photo chemicals; and industrial components. The GCG segment provides digital and traditional prepress equipment and consumables, including plates, chemistry, and media; workflow software and digital controller development; color, and black and white electrophotographic equipment and consumables; commercial inkjet printing systems; production and workgroup document scanners; and micrographic peripherals and media. It also provides imaging services; and maintenance and professional services for other manufacturers products. This segment serves various customers in the creative, in-plant, data center, commercial printing, packaging, newspaper, and digital service bureau market segments. The company was founded in 1880 and is headquartered in Rochester, New York.
WONDER AUTO TECHNOLOGY INC (OTC:WATG) - Wonder Auto Technology, Inc., through its subsidiaries, engages in the design, development, manufacture, and marketing of electrical parts, suspension products, and engine components. It offers starters, alternators, engine valves, and tappets in the Peoples Republic of China, South Korea, and Brazil, as well as airbags and seatbelts in Peoples Republic of China. The companys products are primarily used in a range of passenger and commercial automobiles. It also manufactures and sells rectifier and regulator products for use in alternators; and various rods and shafts for use in shock absorbers, alternators, and starters. Its customers include automakers, engine manufacturers, and auto parts suppliers. Wonder Auto Technology, Inc. is headquartered in Jinzhou City, the Peoples Republic of China.
PROSHARES ULTRAPRO SHORT QQQ (NASDAQ:SQQQ) - ProShares UltraPro Short QQQ
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