


Market Maker Surveillance Report. USEG, LEAP, CPY, KNDI, DRWI, QIHU, Losing Stocks With Lowest Price Friction For Wednesday, J
January 4, 2012 / 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 3609 companies with "abnormal" market making, 2728 companies with positive Friction Factors and 2975 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. US Energy Corp (NASDAQ:USEG), LEAP WIRELESS INTL INC (NASDAQ:LEAP), CPI CORP (NYSE:CPY), KANDI TECHNOLOGIES CORP (NASDAQ:KNDI), DRAGONWAVE INC (NASDAQ:DRWI), (NYSE:QIHU). 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 USEG $-0.270 -8.49% 194,177 49.79% 195,827 50.21% -1,650 -61 LEAP $-0.750 -7.57% 1,555,139 47.98% 1,654,985 51.06% -99,846 -1,331 CPY $-0.140 -8.14% 214,168 33.91% 262,057 41.50% -47,889 -3,421 KNDI $-0.330 -9.40% 223,860 40.67% 326,131 59.25% -102,271 -3,099 DRWI $-0.280 -8.02% 203,106 46.66% 232,201 53.34% -29,095 -1,039 QIHU $-1.420 -9.26% 451,926 23.16% 577,403 29.59% -125,477 -884Analysis 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 USEG with a dollar loss Wednesday of $-0.27000 and a Friction Factor of -61 shares. That means that it only took 61 more shares of selling than buying to move USEG 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.
US Energy Corp (NASDAQ:USEG) - U.S. Energy Corp. engages in the acquisition, exploration, holding, sale, and/or development of mineral properties. It primarily explores for molybdenum, and other base and precious metals. The company holds interests in Mount Emmons property that covers approximately 9,311 acres located in Gunnison County, Colorado. It also holds interests in oil and gas properties located in Williston Basin North Dakota and Gulf Coast region. In addition, the company holds interests in geothermal properties. Further, it develops multifamily apartment project in Gillette, Wyoming. As of December 31, 2009, its estimated proved reserves were approximately 1,086,203 BOE. The company was founded in 1966 and is based in Riverton, Wyoming.
LEAP WIRELESS INTL INC (NASDAQ:LEAP) - Leap Wireless International, Inc., together with its subsidiaries, provides digital wireless services under the Cricket brand name in the United States. The company offers unlimited local and the U.S. long distance services from various Cricket service area and unlimited text messaging services, as well as mobile Web, 411 services, navigation, and data back-up. It also provides BridgePay, a flexible payment option for customers to use and pay for the companys cricket wireless service; handsets and devices with various features; cricket broadband service, an unlimited mobile broadband service that allows customers to access the Internet through their computers; Cricket PAYGo Service, a pay-as-you-go unlimited prepaid wireless service designed for customers who prefer the flexibility and control offered by traditional prepaid services; and Muve Music Service, an unlimited music download service for mobile handsets in select cricket markets. In addition, the company offers voice and data roaming services. It markets its cricket handsets and services, primarily through company-owned retail stores and kiosks, as well as through authorized dealers and distributors, including premier dealers, local market authorized dealers, national mass-market retailers, and other indirect distributors. As of December 31, 2010, the company offered services in 35 states and the District of Columbia to approximately 5.5 million customers. Leap Wireless International, Inc. was founded in 1998 and is headquartered in San Diego, California.
CPI CORP (NYSE:CPY) - CPI Corp., through its subsidiaries, manufactures and sells professional portrait photography of young children, individuals, and families. It offers portrait photography of babies, preschoolers, school-age children, adults, families/groups, weddings, passports, and churches, as well as cruise ships, conventions/events, glamour, and business portraits. The companys PMPS brand focuses on the sale of packages and portrait collections. It operates under the PictureMe Portrait Studio, Walmart Portrait Studios, and Estudios Fotografia de Walmart names. The company also operates portrait studios in Walmart stores and supercenters. In addition, it provides on-line sales and services through its Website. As of May 1, 2010, the company operated 2,907 professional portrait studios in the United States, Canada, Mexico, and Puerto Rico principally under license agreements with Sears and Toys R Us, as well as under lease and license agreements with Walmart. CPI Corp. was founded in 1979 and is based in St. Louis, Missouri.
KANDI TECHNOLOGIES CORP (NASDAQ:KNDI) - Kandi Technologies Corp., through its subsidiaries, engages in the design, development, manufacture, and commercialization of off-road vehicles, motorcycles, mini-cars, and special automobile related products. Its off-road vehicles include all-terrain vehicles, specialized utility vehicles, and go-karts. The company sells its products through third-party and independent distributors in the Peoples Republic of China, Asia, North America, Europe, and Australia. Kandi Technologies Corp. is based in Jinhua, the Peoples Republic of China.
DRAGONWAVE INC (NASDAQ:DRWI) - DragonWave Inc. provides wireless Ethernet equipment for use in Internet protocol networks worldwide. It designs, develops, markets, and sells carrier-grade microwave radio frequency networking equipment or links that wirelessly transmit broadband voice, video, and other data between two points. The companys products have application in the backhaul function in a wireless communications network, as well as in point-to-point transport in private networks, including municipal and enterprise applications. DragonWaves line of wireless carrier-Ethernet links are marketed under the AirPair and Horizon product names. It serves the wireless communications service providers, including cellular service providers and broadband wireless access service providers; wireless extension of fixed-line networks to directly connect high-bandwidth end-customers to the core network; and private networks of enterprises, municipalities, and government organizations. DragonWave distributes its products directly, as well as through distributors and resellers. The company was founded in 2000 and is headquartered in Ottawa, Canada.
(NYSE:QIHU) -
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