Market Maker Surveillance Report. SNMX, HUSA, CISG, LOGL, FFN, TUDO, Losing Stocks With Lowest Price Friction For Thursday, Ma
March 1, 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 3925 companies with "abnormal" market making, 3384 companies with positive Friction Factors and 2360 companies with negative Friction Factors. Here is a list of the top companies with the largest percentage loss per share Thursday 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. SENOMYX INC (NASDAQ:SNMX), HOUSTON AMERICAN ENERGY CORP (AMEX:HUSA), CNINSURE INC-ADR (NASDAQ:CISG), LEGEND OIL AND GAS LTD (OTC:LOGL), (NASDAQ:FFN), (NASDAQ:TUDO). 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 SNMX $-0.500 -14.27% 267,798 48.36% 274,003 49.48% -6,205 -124 HUSA $-3.890 -35.89% 1,745,221 30.81% 1,955,596 34.53% -210,375 -541 CISG $-0.810 -11.13% 143,845 48.69% 151,196 51.18% -7,351 -91 LOGL $-0.340 -24.29% 1,040,011 35.35% 1,590,066 54.05% -550,055 -16,178 FFN $-0.270 -13.24% 366,920 41.30% 521,475 58.70% -154,555 -5,724 TUDO $-3.020 -18.86% 112,859 37.69% 186,145 62.17% -73,286 -243Analysis 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 SNMX with a dollar loss Thursday of $-0.50000 and a Friction Factor of -124 shares. That means that it only took 124 more shares of selling than buying to move SNMX 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.
SENOMYX INC (NASDAQ:SNMX) - Senomyx, Inc. engages in the discovery and development of flavor ingredients in the savory, sweet, salt, bitter, and cooling areas using proprietary taste receptor technologies. The company has product discovery, development, and commercialization collaborations with seven food, beverage, and ingredient supply companies: Ajinomoto Co., Inc., Cadbury plc, Campbell Soup Company, The Coca-Cola Company, Firmenich SA, Nestle SA, and Solae. Nestle is marketing products that contain one of Senomyxs flavor ingredients. Senomyx, Inc. licenses flavor ingredients to its collaborators on an exclusive or co-exclusive basis. It also has a collaborative research and license agreement with Campbell Soup Co. The company was founded in 1998 and is based in San Diego, California.
HOUSTON AMERICAN ENERGY CORP (AMEX:HUSA) - Houston American Energy Corp. engages in the exploration, development, and production of natural gas, crude oil, and condensate. It primarily focuses on properties located in the U.S. onshore Gulf Coast Region, principally Texas and Louisiana, as well as focuses on the development of concessions in the South American country of Colombia. The company was founded in 1981 and is based in Houston, Texas.
CNINSURE INC-ADR (NASDAQ:CISG) - CNinsure Inc., together with its subsidiaries, provides insurance brokerage and agency services, and insurance claims adjusting services in the Peoples Republic of China. The company offers property, casualty, and life insurance products underwritten by domestic and foreign insurance companies operating in China. Its property and casualty insurance products include automobile, individual accident, commercial property, homeowner, cargo, hull, liability, and construction insurance; and life insurance products comprise individual whole life insurance, term life insurance, education annuity, and health insurance, as well as universal insurance and group life insurance. The company also offers insurance claims adjusting services, which include pre-underwriting survey, claims adjusting, disposal of residual value, loading and unloading supervision, and consulting services, as well as damage assessment, survey, authentication, and loss estimation to insurance companies and the insured; and value-added services to its customers in conjunction with distributing automobile insurance products. As of April 15, 2010, its distribution and service network consisted of 49 insurance agencies, 3 insurance brokerages, and 4 claims adjusting firms, with 571 sales and service outlets. The company was founded in 1998 and is headquartered in Guangzhou, the Peoples Republic of China.
LEGEND OIL AND GAS LTD (OTC:LOGL) -
(NASDAQ:FFN) -
(NASDAQ:TUDO) -
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