Market Maker Surveillance Report. MDMN, SIRI, DRYS, CCTC, CBIS, MJNA, Highest Net Sell Volume and Negative Price Friction For
March 13, 2012 / M2 PRESSWIRE / BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Tuesday. 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 Tuesday there were 3302 companies with "abnormal" market making, 4484 companies with positive Friction Factors and 1992 companies with negative Friction Factors. Here is a list of the top companies with the highest net sell volume on Tuesday and lowest negative price Friction (bearish). This means that there was more selling than buying in the stocks and their stock prices dropped faster with less Friction. MEDINAH MINERALS INC (OTC:MDMN), Sirius XM Radio Inc (NASDAQ:SIRI), DRYSHIPS INC (NASDAQ:DRYS), CLEAN COAL TECHNOLOGIES INC (OTC:CCTC), CANNABIS SCIENCE INC (OTCBB:CBIS), MEDICAL MARIJUANA INC (OTC:MJNA). 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 MDMN $-0.011 -6.98% 736,221 22.35% 2,563,613 77.83% -1,827,392 -1,602,975 SIRI $-0.030 -1.29% 20,763,243 42.20% 29,475,044 59.91% -8,711,801 -2,903,934 DRYS $-0.030 -0.95% 2,443,959 36.99% 4,163,518 63.01% -1,719,559 -573,186 CCTC $-0.015 -16.11% 4,578,156 42.14% 6,557,502 60.36% -1,979,346 -1,365,066 CBIS $-0.018 -15.25% 23,434,094 40.17% 34,902,499 59.83% -11,468,405 -6,371,336 MJNA $-0.013 -21.67% 2,061,998 29.46% 4,932,793 70.46% -2,870,795 -2,208,304Analysis of the Friction Factor chart above shows that each of the six stocks mentioned above have low price friction combined with more selling than buying (negative Net Volume) 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 MDMN down $-0.01140 with a Friction Factor of -1,602,975 and a Net Volume of -1,827,392. That means that it takes 1,602,975 more shares of selling than buying to drop MDMN by one penny. On Monday the Market Makers allowed the stock to move down on heavier selling than buying (low negative friction).
MEDINAH MINERALS INC (OTC:MDMN) - Medinah Minerals Inc., a junior mining exploration company, engages in the exploration and development of mineral properties primarily in South America. It primarily explores for gold, silver, copper, and molybdenum. The company was incorporated in 1989 and is headquartered in Las Vegas, Nevada.
Sirius XM Radio Inc (NASDAQ:SIRI) - Sirius XM Radio Inc. provides satellite radio services in the United States and Canada. The company offers a programming lineup of approximately 135 channels of commercial-free music, sports, news, talk, entertainment, and traffic and weather. It also provides music channels that offer music genres, ranging from rock, pop and hip-hop to country, dance, jazz, Latin, and classical; channels of sports; talk and entertainment channels; comedy channels; national, international, and financial news channels; and religious channels. As of December 31, 2009, Sirius XM Radio had 18,772,758 subscribers. In addition, it provides music services for commercial establishments; music and comedy channels to mobile phone users; and music channels and select non-music channels over the Internet; a suite of data services; services that offer graphic information; and various real-time weather services, as well as operates a television service, which provides content designed primarily for children in the backseat of vehicles. Further, the company engages in the distribution of satellite radios for use in cars, trucks, homes, offices, boats, or other locations. Sirius XM Radio distributes its satellite radios primarily through automakers, retailers, and Web sites, as well as offers to customers of rental car companies. Further, it provides home units that offer satellite services to home and commercial audio systems, and products that provide access to the Internet radio services in the home without the personal computer. The company was formerly known as Sirius Satellite Radio Inc. and changed its name to Sirius XM Radio Inc. in August 2008. Sirius XM Radio Inc. was founded in 1990 and is headquartered in New York, New York.
DRYSHIPS INC (NASDAQ:DRYS) - DryShips, Inc., through its subsidiaries, engages in the ownership and operation of drybulk carriers and drilling rigs that operate worldwide. Its drybulk fleet principally carries various drybulk commodities, including bulk items comprising coal, iron ore, and grains; and minor bulk items, such as bauxite, phosphate, fertilizers, and steel products. The company owns and operates a fleet of 39 drybulk carriers consisting of 7 Capesize, 28 Panamax, 2 Supramax vessels, and 2 Panamax newbuilding vessels with a combined deadweight tonnage of approximately 3.5 million dwt; and 12 tankers comprising 6 Suezmax and 6 Aframax with a combined deadweight tonnage of approximately 1.6 million tons. DryShips, Inc., through its subsidiary, Ocean Rig UDW, Inc., also owns and operates 6 offshore ultra deepwater drilling units comprising 2 ultra deepwater semisubmersible drilling rigs and 4 ultra deepwater drillships, of which 3 would be delivered to the company during 2011. The company was founded in 2004 and is based in Athens, Greece.
CLEAN COAL TECHNOLOGIES INC (OTC:CCTC) - Clean Coal Technologies, Inc. owns a patented technology to reduce the contaminants and pollutants created by the burning of coal through a patented multi-stage process that transforms coal with various levels of impurities, contaminants, and other polluting elements into a low polluting fuel. It has a trade mark PRISTINE for a range of applications, including coal-fired power stations, chemical byproduct extraction, and as a source fuel for coal to liquid technologies. The company was founded in 2007 and is based in Coral Springs, Florida.
CANNABIS SCIENCE INC (OTCBB:CBIS) - Cannabis Science, Inc. engages in the development, production, and commercialization of phytocannabinoid-based pharmaceutical products. It primarily focuses on developing blood pressure and cancer medications, as well as HIV and bird flu medications. Cannabis Science, Inc. is based in Colorado Springs, Colorado.
MEDICAL MARIJUANA INC (OTC:MJNA) - Medical Marijuana, Inc., a development stage company, provides a suite of solutions to medical marijuana industry operators to manage their businesses in the United States. The company offers integrated tax oversight and collection solutions to local, state, and federal governments; business management solutions; and turn-key management solutions to independent operators of medical marijuana collectives, co-ops, and dispensaries. It also focuses on providing testing and certification services, education programs, and consulting services to government and the medical marijuana industry. The company is based in Foothill Ranch, California.
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