Market Maker Surveillance Report. VTNC, TGAL, ZOOM, CVYPF, LEI, XG, Winning Stocks With Lowest Price Friction For Thursday, Oc
October 6, 2011 / M2 PRESSWIRE / BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Thursday. 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 Thursday there were 3908 companies with "abnormal" market making, 4755 companies with positive Friction Factors and 1579 companies with negative Friction Factors. Here is a list of the top companies with the largest percentage gain per share Thursday 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. VITRAN CORP INC (NASDAQ:VTNC), TEGAL CORP (NASDAQ:TGAL), ZOOM TECHNOLOGIES INC (NASDAQ:ZOOM), CALVALLEY PETROLEUM INC - A (OTC:CVYPF), LUCAS ENERGY INC (AMEX:LEI), (AMEX:XG). 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 VTNC $0.840 21.82% 244,528 74.58% 82,749 25.24% 161,779 1,926 TGAL $0.600 38.71% 39,457 59.72% 25,915 39.22% 13,542 226 ZOOM $0.280 22.30% 63,198 63.91% 35,594 35.99% 27,604 986 CVYPF $0.260 28.89% 105,500 56.42% 56,000 29.95% 49,500 1,904 LEI $0.310 26.27% 172,573 29.41% 150,604 25.66% 21,969 709 XG $1.340 22.33% 126,535 25.64% 119,345 24.19% 7,190 54Analysis 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 VTNC with a dollar gain Thursday of $0.84000 and a Friction Factor of 1,926 shares. That means that it only took 1,926 more shares of buying than selling to move VTNC 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.
VITRAN CORP INC (NASDAQ:VTNC) - Vitran Corporation Inc. provides freight surface transportation and related supply chain services in Canada and the United States. The company operates in two operating segments, Less-than-truckload services (LTL), and Supply Chain Operation (SCO). The LTL segment transports shipments in less-than-full trailer load quantities through freight service center networks. This segment offers over-the-road services; and delivers its freight shipments within one or two days in the United States, and offers next-day services in Canada. It operates 95 terminals with a total of 2,937 loading doors in the United States and 536 loading doors in Canada. The SCO segment provides supply chain solutions and freight brokerage services. This segment engages in the management and transportation of goods, as well as provides information about such goods as they pass through the supply chain from manufacturer to end user. It offers a range of services, including cross-docks, inventory management, flow-through distribution facilities, and dedicated distribution facilities, as well as over-the-road or intermodal freight brokerage services. As of December 31, 2010, this segment had approximately 2.1 million square feet of warehouse and distribution space under management. It operates 17 facilities for retailers, including 7 in Canada and 10 in the United States. The company was founded in 1981 and is based in Toronto, Canada.
TEGAL CORP (NASDAQ:TGAL) - Tegal Corporation focuses on the development and application of technologies in the field of green energy. The company, through sequel Power, engages in the promotion of large scale solar power plant development projects worldwide, as well as in the development of businesses from such projects, including supporting, developing, building, and operating solar photovoltaic fabrication facilities and solar farms and other non-PV based renewable energy projects. The company was founded in 1972 and is headquartered in Petaluma, California.
ZOOM TECHNOLOGIES INC (NASDAQ:ZOOM) - Zoom Technologies, Inc., through its subsidiaries, operates as a technology company that engages in electronic and telecommunication product design, development, and manufacturing. The company provides electronic manufacturing services (EMS) for original equipment manufacturer (OEM) customers, as well as involves in the design and production of mobile phone products. It develops and produces GSM and CDMA mobile phones, wireless telecommunication modules, digital cameras, cable TV set-top boxes, and GPS equipment. The company also develops various mobile phones and smart-phones based on TD-SCDMA, GSM, WCDMA, and CDMA technologies. It markets its mobile phone products through retail distributors in the Peoples Republic of China, as well as supplies GSM and CDMA mobile phones directly to customers. The company was founded in 1999 and is headquartered in Beijing, the People's Republic of China.
CALVALLEY PETROLEUM INC - A (OTC:CVYPF) - Calvalley Petroleum Inc. engages in the exploration, development, and production of crude oil and natural gas in Canada, Yemen, and Ethiopia. The company holds a 50% working interest in Block 9, which consists of approximately 552,000 acres of land located in the Sayun-Masila basin of the Republic of Yemen; and a 100% working interests in Metema and Gimbi blocks that cover an area of approximately 11.5 million acres in Ethiopia. As of December 31, 2009, it had proved and probable reserves of 26.5 million barrels of oil. The company was incorporated in 1996 and is headquartered in Calgary, Canada.
LUCAS ENERGY INC (AMEX:LEI) - Lucas Energy, Inc. operates as an independent oil and gas company in Texas. It has interests in approximately 12,500 gross acres of oil and gas leases in South Texas, primarily in the Gonzales County and Wilson County, Texas. The company also holds oil and gas interests in the Austin Chalk formation, Buda formation, and Eagle Ford Shale formation. In addition, it operates 30 producing wells. The company is based in Houston, Texas.
(AMEX:XG) -
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