Market Maker Surveillance Report. GMXR, MNEL, MNOV, RGDX, GLTC, VRNG, Winning Stocks With Lowest Price Friction For Thursday,
February 2, 2012 / 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 3711 companies with "abnormal" market making, 3392 companies with positive Friction Factors and 2528 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. GMX RESOURCES INC (NYSE:GMXR), MINNESOTA ELECTRS CO (NASDAQ:MNEL), MEDICINOVA INC (NASDAQ:MNOV), RESPONSE GENETICS INC (NASDAQ:RGDX), GELTECH SOLUTIONS INC (OTC:GLTC), VRINGO INC (AMEX:VRNG). 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
GMXR $0.620 65.96% 4,484,051 34.45% 3,705,959 28.47% 778,092 12,550
MNEL $0.280 34.31% 803,541 64.63% 439,825 35.37% 363,716 12,990
MNOV $0.570 30.16% 273,663 58.34% 192,194 40.97% 81,469 1,429
RGDX $0.350 29.66% 91,635 63.61% 52,430 36.39% 39,205 1,120
GLTC $0.210 25.00% 165,557 49.33% 132,836 39.58% 32,721 1,558
VRNG $0.390 28.89% 1,127,742 28.64% 1,015,043 25.78% 112,699 2,890
Analysis 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 GMXR with a dollar gain Thursday of $0.62000 and a Friction Factor of 12,550 shares. That means that it only took 12,550 more shares of buying than selling to move GMXR 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.
GMX RESOURCES INC (NYSE:GMXR) - GMX Resources Inc. operates as an independent oil and natural gas exploration and production company primarily in the United States. It has interests in two oil shale resources, including the Williston Basin that targets the Bakken/Sanish-Three Forks in North Dakota/Montana; and the DJ Basin, which targets the Niobrara Formation in Wyoming. The company also holds interests in natural gas resources comprising the Haynesville/Bossier Formation and the Cotton Valley Sand Formation in the East Texas Basin. As of December 31, 2010, it had proved reserves of 319.3 billion cubic feet of natural gas equivalent; and 264 net producing wells in east Texas. The company was founded in 1998 and is headquartered in Oklahoma City, Oklahoma.
MINNESOTA ELECTRS CO (NASDAQ:MNEL) - MINNESOTA ELECTRS CO
MEDICINOVA INC (NASDAQ:MNOV) - MediciNova, Inc., a biopharmaceutical company, engages in the acquisition and development of small molecule therapeutics for the treatment of diseases with unmet medical needs principally in the United States. The companys development pipeline includes programs that are in clinical development for the treatment of asthma, acute exacerbations of asthma, multiple sclerosis, central nervous system disorders, interstitial cystitis, solid tumor cancers, generalized anxiety disorder/insomnia, preterm labor, and urinary incontinence. Its principal product development programs consist of MN-221, which completed Phase II clinical trial for the treatment of acute exacerbations of asthma, and completed Phase Ib clinical trial for the treatment of chronic obstructive pulmonary disease; MN-166 that has completed Phase II clinical trial for the treatment of multiple sclerosis; and AV411, which has advanced through multiple Phase I and IIa clinical trials for the treatment of central nervous system disorders. The companys other product development programs include MN-001, which completed Phase II/III clinical trial for the treatment of interstitial cystitis and an oral dosing formulation prototype for the treatment of bronchial asthma; MN-029 that completed Phase I clinical trial for the treatment of solid tumors; MN-305, which completed Phase II/III clinical trial for the treatment of generalized anxiety disorder and Phase II clinical trial for the treatment of insomnia; MN-221 that completed a Phase I clinical trial for the treatment of preterm labor; and MN-246, a Phase I clinical trial completed product for the treatment of urinary incontinence. Its preclinical development products comprise MN-447 and MN-462 for the treatment of thrombotic disorders. The company was founded in 2000 and is headquartered in San Diego, California.
RESPONSE GENETICS INC (NASDAQ:RGDX) - Response Genetics, Inc., a life sciences company, engages in the research, development, marketing, and sale of clinical diagnostics and pharmacogenomic tests for use in the treatment of cancer in the United States, Europe, and Japan. It offers ResponseDX: Lung test suites for non-small cell lung cancer; ResponseDX: Colon test suites for colorectal cancer; and ResponseDX: Gastric test suites for gastric and gastroesophageal cancer. The companys Response DX test measures the RNA expression of ERCC1, TS, and RRM1 through reverse transcription polymerase chain reaction analysis from a patient's tumor tissue; and polymerase chain reaction analysis of DNA from the patient's sample to determine EGFR amplification, as well as BRAF, EGFR, and KRAS mutational status. It is also developing tests for other types of cancer that identify genetic profiles of tumors that recur after surgery. The company offers its products through its sales force to community based oncologists, hospitals, and physician offices. Response Genetics, Inc. was founded in 1999 and is headquartered in Los Angeles, California.
GELTECH SOLUTIONS INC (OTC:GLTC) - GelTech Solutions, Inc. engages in the development and marketing of polymer-based products in the United States and internationally. It offers FireIce, a non-toxic fire suppression product used to suppress fires involving structures, personal property, and forest wildfires; SkinArmor, a fire suppression product for use in protecting skin from burning; RootGel, a moisture preservation solution that has various applications in the agricultural industry, including water and nutrient retention in golf course maintenance, landscaping, and forestry; and IceWear, a garment line to assist in cooling body temperature. The company also provides WeatherTech Innovations, a hurricane suppression project. GelTech Solutions was founded in 2006 and is based in Jupiter, Florida.
VRINGO INC (AMEX:VRNG) - Vringo, Inc. provides a platform that allows users to create, download, and share mobile entertainment content in the form of video ringtones for mobile phones. By installing its application, users can create or take video, images, and slideshows from virtually anywhere, including Vringo's library of 5,000-and-counting video ringtone clips or the Web, and make it into their personal call signature. The company was founded in 2006 and is based in New York, New York.
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