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Market Maker Surveillance Report. PSDV, CBK, AONE, SMNPF, CMFO, OREO, Losing Stocks With Lowest Price Friction For Wednesday,

^{Published on 2012-03-28 18:00:23 - WOPRAI}
 

March 28, 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 3828 companies with "abnormal" market making, 1969 companies with positive Friction Factors and 3893 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. PSIVIDA CORP (NASDAQ:PSDV), CHRISTOPHER & BANKS CORP (NYSE:CBK), A123 SYSTEMS, INCORPORATION (NASDAQ:AONE), SCORPIO MINING CORP (OTC:SMNPF), CHINA MARINE FOOD GROUP LTD (AMEX:CMFO), (OTC:OREO). 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
  PSDV    $-0.450   -17.90%   203,263      43.45%    255,362      54.58%    -52,099      -1,158  
  CBK     $-0.360   -15.47%   470,942      25.43%    561,210      30.31%    -90,268      -2,507  
  AONE    $-0.210   -15.00%   4,732,669    40.81%    6,865,275    59.19%    -2,132,606   -101,553
  SMNPF   $-0.408   -22.69%   29,200       24.85%    47,260       40.22%    -18,060      -443    
  CMFO    $-0.200   -14.60%   127,727      21.04%    233,703      38.50%    -105,976     -5,299  
  OREO    $-0.270   -17.76%   137,427      25.49%    224,255      41.60%    -86,828      -3,216  

For example, the chart above shows PSDV with a dollar loss Wednesday of $-0.45000 and a Friction Factor of -1,158 shares. That means that it only took 1,158 more shares of selling than buying to move PSDV 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.

PSIVIDA CORP (NASDAQ:PSDV) - pSivida Corp., together with its subsidiaries, develops drug delivery products that are administered by implantation, injection, or insertion. The companys lead product candidate is Iluvien, which is in Phase III clinical trials and delivers fluocinolone acetonide (FA) for the treatment of diabetic macular edema (DME), a cause of vision loss. It is also conducting Phase II clinical trials with Iluvien in wet and dry age-related macular degeneration. In addition, the companys products include Retisert, an intravitreal drug implant for the treatment of chronic non-infectious posterior uveitis; and Vitrasert for cytomegalovirus retinitis, a blinding eye disease that occurs in individuals with advanced AIDS. It is developing a series of additional miniaturized, bioerodible technologies, including BioSilicon technology, which is nano-structured porous silicon designed for use as a drug delivery platform; and Medidur technology, a miniaturized, injectable, sustained-release drug delivery system to advance the treatment of medical conditions in critical areas, such as ophthalmology, oncology, and cardiology. Further, the companys BioSilicon product candidates includes BrachySil, a brachytherapy product in development for the treatment of solid tumors; and completed an initial safety study of BrachySil for the treatment of pancreatic cancer and a dose ranging study. It has strategic collaborations with Bausch & Lomb Incorporated; Alimera Sciences, Inc.; Pfizer, Inc.; and Intrinsiq Materials Cayman Limited. The company was founded in 1987 and is headquartered in Watertown, Massachusetts.

CHRISTOPHER & BANKS CORP (NYSE:CBK) - Christopher & Banks Corporation, through its subsidiaries, operates as a retailer of womens apparel in the United States. The company offers womens apparel in sizes 4 to 16, and petite sizes under Christopher & Banks brand; and sizes 14W to 26W under C.J. Banks brand. Its stores provide knit tops, woven tops, jackets, sweaters, skirts, denim bottoms, and bottoms of other fabrications, as well as jewelry for women ranging from 40 to 60 years of age. As of May 29, 2010, the company operated 795 stores in 46 states, including 532 Christopher & Banks stores, 261 C.J. Banks stores, and two dual stores. It also operates e-Commerce Web sites, www.christopherandbanks.com and www.cjbanks.com. The company was formerly known as Brauns Fashions Corporation and changed its name to Christopher & Banks Corporation in July 2000. Christopher & Banks Corporation was founded in 1956 and is based in Plymouth, Minnesota.

A123 SYSTEMS, INCORPORATION (NASDAQ:AONE) - A123 Systems, Inc., together with its subsidiaries, engages in the design, development, manufacture, and sale of rechargeable lithium-ion batteries and battery systems primarily in the United States. Its batteries and battery systems are based on its Nanophosphate technology for application development in the transportation, electric grid services, and consumer markets. The company also offers its products worldwide. It has a joint venture with SAIC Motor Co. Ltd. to develop, manufacture, and sell complete vehicle traction battery systems for use in hybrid electric vehicles, and electric vehicles in China. The company was founded in 2001 and is headquartered in Watertown, Massachusetts.

SCORPIO MINING CORP (OTC:SMNPF) - Scorpio Mining Corporation, together with its subsidiaries, engages in the acquisition, exploration, development, and exploitation of mineral resource properties. It explores for gold, silver, zinc, copper, and lead deposits. The company primarily owns a 100% interest in the Nuestra Senora property, which comprises 5 mineral exploitation claims covering an area of 1,896 hectares located in Sinaloa State, Mexico. It also holds interests in the Cochrane Hill and Caribou gold properties located in Nova Scotia and the Lac Arseneault property located in Quebec in Canada. Scorpio Mining Corporation was incorporated in 1998 and is headquartered in Vancouver, Canada.

CHINA MARINE FOOD GROUP LTD (AMEX:CMFO) - China Marine Food Group Limited, through its subsidiaries, engages in processing, distributing, and selling processed seafood-based snack foods in the Peoples Republic of China. It offers dried processed seafood products, such as roasted file fish, shredded roasted squid, roasted squid, roasted prawn, barbecued squid, sliced barbecued squid, sliced roasted octopus, spicy sliced octopus, spicy baby squid, spicy sliced squid, and spicy squid head products primarily under the Mingxiang brand name. The company sells its dried processed seafood products through distributors in the provinces of Peoples Republic of China, including Fujian, Guangdong, Jiangsu, Shandong, Zhejiang, Liaoning, and Sichuan. It also provides marine catch products, such as cuttlefish, hairtail fish, Japanese butter fish, squid, and horse mackerel products. Further, it manufactures and sells algae-based soft drinks under the Hi-Power name. The company also exports its products primarily to Japan, the Philippines, and Papua New Guinea. China Marine Food Group Limited is based in Shishi City, the Peoples Republic of China.

(OTC:OREO) -

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