Market Maker Surveillance Report. SBSA, LEXG, ATPG, CSKI, MKTG, IVOP, Losing Stocks With Lowest Price Friction For Wednesday,
November 9, 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 3411 companies with "abnormal" market making, 1130 companies with positive Friction Factors and 5406 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), LITHIUM EXPLORATION GROUP IN (OTCBB:LEXG), ATP OIL & GAS CORPORATION (NASDAQ:ATPG), CHINA SKY ONE MEDICAL INC (NASDAQ:CSKI), (NASDAQ:MKTG), (NYSE:IVOP). 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 $-0.860 -28.76% 104,419 43.09% 134,961 55.69% -30,542 -355 LEXG $-0.340 -18.89% 273,525 26.93% 325,152 32.01% -51,627 -1,518 ATPG $-2.050 -19.52% 2,684,050 46.20% 3,068,547 52.81% -384,497 -1,876 CSKI $-0.460 -21.70% 116,293 45.24% 140,761 54.76% -24,468 -532 MKTG $-2.160 -21.84% 501,572 43.81% 630,799 55.10% -129,227 -598 IVOP $-3.720 -18.48% 33,977 21.59% 94,180 59.84% -60,203 -162Analysis 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 $-0.86000 and a Friction Factor of -355 shares. That means that it only took 355 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.
LITHIUM EXPLORATION GROUP IN (OTCBB:LEXG) - Lithium Exploration Group, Inc. engages in the exploration of mineral properties in Canada. It has an option to acquire a 100% interest in 5 mineral permits totaling approximately 45,952 hectares in Alberta. The company was formerly known as Mariposa Resources, Ltd. and changed its name to Lithium Exploration Group, Inc. in November 2010. Lithium Exploration Group, Inc. is based in Scottsdale, Arizona.
ATP OIL & GAS CORPORATION (NASDAQ:ATPG) - ATP Oil & Gas Corporation engages in the acquisition, development, and production of oil and natural gas properties in the Gulf of Mexico, the United Kingdom, and the Dutch Sectors of the North Sea. As of December 31, 2009, it had estimated net proved reserves of approximately 135.2 million barrels of crude oil or other liquid hydrocarbons equivalent (MMBoe), of which approximately 91.3 MMboe were in the Gulf of Mexico and 43.9 MMBoe were in the North Sea. The company also owned leasehold and other interests in 62 offshore blocks and 104 wells, including 19 subsea wells in the Gulf of Mexico, as well as had interests in 11 blocks and 3 company-operated subsea wells in the North Sea. It had reserves of approximately 77.9 million barrels of crude oil or other liquid hydrocarbons and 343.3 billion cubic feet of natural gas. The company was founded in 1991 and is based in Houston, Texas.
CHINA SKY ONE MEDICAL INC (NASDAQ:CSKI) - China Sky One Medical Inc., through its subsidiaries, develops, manufactures, markets, and sells over-the-counter branded nutritional supplements, and over-the-counter plant and herb-based pharmaceutical and medicinal products primarily in the Peoples Republic of China. Its products include sumei slim patch to foster weight loss and prevent weight gain; pain relief patch used for various ailments, including fever, headache, heart dysentery, diarrhea, and stiffness and pain caused by hypertension; and anti-hypertension patch that enhances blood circulation and reduces blood pressure. The company also offers hemorrhoids ointment for sterilizing and relieving hemorrhoid symptoms, including itching, distending pain, burning, and bleeding; compound camphor cream for the treatment of various pathogens on the skin surface and subcutaneously, such as mycete, trichopytic, staphylococcal bacteria aureus, bacillus coli, and candida albicans; stomatitis spray for the treatment of dental ulcers, pharyngitis, and faucitis; cardiac arrest early examination kit used for early stage diagnosis of myocardial infarction; and urinate micro albumin examination testing kit used for early stage diagnosis of primary kidney disease, hypertension, and diabetes. In addition, it provides naftopidil dispersible tablet to treat benign enlargement of the prostate among males in their middle age; and naphazoline hydrochloride eye drop used for the temporary relief of eye redness associated with minor irritations, as well as various suppositories, nasal drops, capsules, granules, injections, and wash fluids. The company sells its products through pharmaceutical chains. China Sky One Medical Inc. is based in Harbin, the Peoples Republic of China.
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(NYSE:IVOP) -
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