Market Maker Surveillance Report. SBSA, BTFG, SNSS, BOVA, CYBI, GSI, Winning Stocks With Lowest Price Friction For Friday, Mar
March 30, 2012 / M2 PRESSWIRE / BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Friday. 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 Friday there were 3813 companies with "abnormal" market making, 3040 companies with positive Friction Factors and 2820 companies with negative Friction Factors. Here is a list of the top companies with the largest percentage gain per share Friday 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. SPANISH BROADCASTING SYS-A (NASDAQ:SBSA), BANCTRUST FINANCIAL GROUP IN (NASDAQ:BTFG), SUNESIS PHARMACEUTICALS INC (NASDAQ:SNSS), Bank Of Virginia (NASDAQ:BOVA), CYBEX INTERNATIONAL INC (NASDAQ:CYBI), GENERAL STEEL HOLDINGS INC (NYSE:GSI). 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 SBSA $1.990 42.25% 1,609,398 50.56% 1,557,359 48.92% 52,039 262 BTFG $0.250 20.76% 45,896 57.34% 32,025 40.01% 13,871 555 SNSS $0.390 15.70% 2,007,338 59.01% 1,363,212 40.08% 644,126 16,516 BOVA $0.220 28.18% 74,832 63.74% 42,379 36.09% 32,453 1,475 CYBI $0.410 18.39% 840,298 49.81% 839,130 49.74% 1,168 28 GSI $0.180 21.18% 220,542 43.67% 162,197 32.11% 58,345 3,241Analysis 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 SBSA with a dollar gain Friday of $1.99000 and a Friction Factor of 262 shares. That means that it only took 262 more shares of buying than selling to move SBSA 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.
SPANISH BROADCASTING SYS-A (NASDAQ:SBSA) - Spanish Broadcasting System, Inc. operates as a Hispanic-controlled media and entertainment company in the United States. It owns and operates 21 radio stations; and 2 television stations under MegaTV brand name. The company also operates LaMusica.com, Mega.tv, and its radio station Websites, which are Spanish and English Websites that provide content related to Latin music, entertainment, news, and culture. In addition, it produces live concerts and events. The companys radio station programming formats include Spanish Tropical, Regional Mexican, Spanish Adult Contemporary, Spanish Oldies, Top 40, and Latin Rhythmic, the Hispanic Urban music format. Its television programming format focuses on entertainment and events, which include programs ranging from televised radio-branded shows to general entertainment programs, such as music, celebrity, debate, interviews, and personality-based shows. The company was founded in 1983 and is headquartered in Coconut Grove, Florida.
BANCTRUST FINANCIAL GROUP IN (NASDAQ:BTFG) - BancTrust Financial Group, Inc. operates as the bank holding company for BankTrust, which provides various financial services to individuals, small businesses, and other organizations in southern Alabama and northwest Florida. Its deposit products include checking accounts, commercial accounts, and savings accounts, as well as other time deposits, such as daily money market accounts and certificates of deposit. The companys loan portfolio comprises commercial, commercial real estate, individual and commercial construction, and consumer loans, as well as real estate mortgage loans. It also offers cash management services comprising lock-box, sweep accounts, and remote deposits. In addition, BancTrust Financial Group provides drive-in banking and night deposit facilities, safe deposit boxes, travelers checks, direct deposit, automated teller machines, Internet banking, debit and credit card, and telephone banking services. As of January 29, 2010, it operated 42 bank offices in the southern two-thirds of Alabama and 9 bank offices in northwest Florida. The company was founded in 1985 and is headquartered in Mobile, Alabama.
SUNESIS PHARMACEUTICALS INC (NASDAQ:SNSS) - Sunesis Pharmaceuticals, Inc., a biopharmaceutical company, focuses on the development and commercialization of oncology therapeutics for the treatment of solid and hematologic cancers. Its lead product candidate is Voreloxin, an anticancer quinolone derivative (AQD) for the treatment of cancer. The company is conducting various clinical trials of Voreloxin, including a Phase 2 clinical trial, known as the REVEAL-1 trial, in previously untreated elderly patients with acute myeloid leukemia (AML); a Phase 1b/2 clinical trial combining Voreloxin with cytarabine for the treatment of patients with relapsed/refractory AML; and a Phase 2 single agent clinical trial in platinum-resistant ovarian cancer patients. It has a license agreement with Dainippon Sumitomo Pharma Co., Ltd. for the development and marketing of Voreloxin; and a collaboration agreement with Biogen Idec, Inc. to discover, develop, and commercialize small molecule inhibitors of Raf kinase and up to five additional targets that play a role in oncology and immunology indications. The company, formerly known as Mosaic Pharmaceuticals, Inc., was founded in 1998 and is headquartered in South San Francisco, California.
Bank Of Virginia (NASDAQ:BOVA) - Bank of Virginia provides commercial and retail banking services to small- to medium-sized businesses, professional concerns, and individuals in the greater Richmond metropolitan region, Virginia. It offers a range of deposit services, including interest-bearing and non interest-bearing checking accounts, commercial accounts, savings accounts, individual retirement accounts, daily money market accounts, and longer-term certificates of deposit. The companys loan portfolio consists of commercial real estate loans, construction and development real estate loans, residential real estate loans, and commercial loans, as well as consumer loans, such as secured and unsecured installment loans, revolving lines of credit, and home equity loans. In addition, it offers other banking services, including safe deposit boxes, cashiers checks, banking by mail, direct deposit of payroll and social security checks, the U.S. Savings Bonds, and travelers checks. Further, the company provides debit card and credit card services through a correspondent bank as an agent; and lines of credit, telephone banking, and PC/Internet delivery services. As of December 31, 2009, Bank of Virginia had five banking offices located in Chesterfield and Henrico Counties. The company was formerly known as The Community Bank of Virginia. Bank of Virginia was founded in 2002 and is headquartered in Midlothian, Virginia. Bank of Virginia is a subsidiary of Cordia Bancorp Inc.
CYBEX INTERNATIONAL INC (NASDAQ:CYBI) - Cybex International Inc. develops, makes, and markets exercise gear and fitness equipment. It offers various cardiovascular products, including cross trainers, treadmills, bikes, and steppers. The company also engages in parts and freight sales. In addition, Cybex offers leasing and various financing options for its commercial customers, including health clubs, corporate fitness centers, hotels, resorts, educational institutions, sports teams, and military installations. The company was founded in 1947 and is based in Medway, Mass.
GENERAL STEEL HOLDINGS INC (NYSE:GSI) - General Steel Holdings, Inc., through its subsidiaries, engages in the manufacture and sale of steel products in the People's Republic of China. It offers hot-rolled carbon and silicon steel sheets primarily for use in the production of small agricultural vehicles and other specialty markets; spiral-weld pipes for the energy sector primarily to transport oil and steam; and high-speed wire and reinforced bar products for the construction industry. The company sells its products primarily to distributors. General Steel Holdings, Inc. was founded in 1988 and is headquartered in Beijing, the Peoples Republic of China.
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