Market Maker Surveillance Report. WPCS, LPHI, MEG, HOFT, DOMK, TITXF, Losing Stocks With Lowest Price Friction For Wednesday,
April 11, 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 3668 companies with "abnormal" market making, 3921 companies with positive Friction Factors and 1991 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. WPCS INTERNATIONAL INC (NASDAQ:WPCS), LIFE PARTNERS HOLDINGS INC (NASDAQ:LPHI), MEDIA GENERAL INC -CL A (NYSE:MEG), HOOKER FURNITURE CORP (NASDAQ:HOFT), DOMARK INTERNATIONAL INC (OTCBB:DOMK), TITAN MEDICAL INC (OTC:TITXF). 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 WPCS $-0.110 -9.65% 25,350 38.40% 40,661 61.60% -15,311 -1,392 LPHI $-0.360 -10.06% 65,552 40.07% 95,565 58.41% -30,013 -834 MEG $-0.520 -12.24% 38,486 29.13% 65,632 49.68% -27,146 -522 HOFT $-1.440 -10.93% 45,904 46.61% 51,078 51.87% -5,174 -36 DOMK $-0.136 -10.09% 40,630 24.67% 111,615 67.77% -70,985 -5,212 TITXF $-0.190 -11.45% 119,556 24.07% 362,259 72.92% -242,703 -12,774Analysis 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 WPCS with a dollar loss Wednesday of $-0.11000 and a Friction Factor of -1,392 shares. That means that it only took 1,392 more shares of selling than buying to move WPCS 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.
WPCS INTERNATIONAL INC (NASDAQ:WPCS) - WPCS International Incorporated, a design-build engineering company, focuses on the implementation requirements of communications infrastructure worldwide. The company provides its engineering capabilities, including wireless communication, specialty construction, and electrical power to the public services, healthcare, energy, and corporate enterprise markets worldwide. WPCS International was founded in 2002 and is headquartered in Exton, Pennsylvania.
LIFE PARTNERS HOLDINGS INC (NASDAQ:LPHI) - Life Partners Holdings, Inc., through its subsidiary, Life Partners, Inc., operates in the secondary market for life insurance in the United States. It facilitates life settlement transactions by identifying, examining, and purchasing the policies as agent for the purchasers. The companys financial transactions involve the purchase of life insurance policies at a discount to their face value for investment purposes. It serves institutional purchasers, which include investment funds designed to acquire and hold life settlements; and retail purchasers, such as high net worth individuals. The company was founded in 1971 and is based in Waco, Texas.
MEDIA GENERAL INC -CL A (NYSE:MEG) - Media General, Inc., a communications company, provides local news and information over various media platforms in small- and mid-size communities in southeastern United States. It owns 3 metropolitan and 20 community newspapers and 18 network-affiliated broadcast television stations. The company also owns approximately 200 weekly newspapers and other publications targeted at specific communities of interest. In addition, Media General operates Web sites affiliated with each of its newspapers and television stations. Further, it provides Blockdot, an advergaming business; Dealtaker.com, an online social shopping portal; and NetInformer, a mobile advertising and marketing service, as well as offers broadcast equipment and studio design services. The company has a strategic partnership with Yahoo, Inc. for content, search, and display advertising. Media General was founded in 1879 and is headquartered in Richmond, Virginia.
HOOKER FURNITURE CORP (NASDAQ:HOFT) - Hooker Furniture Corporation, together with its subsidiaries, designs, imports, develops, and markets residential wood, metal, and upholstered furniture products in North America. The company offers wood furniture products, including home entertainment, home office, accent, dining, bedroom, and bath furniture under the Hooker Furniture brand; and youth furniture under the Opus Designs by Hooker brand. It also offers motion and stationary leather furniture, and occasional chairs. The company also offers various residential leather and fabric upholstered furniture under the Bradington-Young upholstery brand; specializes in leather reclining and motion chairs, sofas, club chairs, and executive desk chairs; and offers upscale occasional chairs under the Sam Moore upholstery brand. It serves retailers of residential home furnishings, including independent furniture stores, specialty retailers, department stores, catalog merchants, interior designers, and national and regional retail chains. The company was founded in 1924 and is headquartered in Martinsville, Virginia.
DOMARK INTERNATIONAL INC (OTCBB:DOMK) - DoMark International, Inc. engages in acquiring controlling interest in publicly traded entities and private firms that are operating in the five specific business sectors of technology, business services, sports and entertainment, medicine, and alternative energy. The company distributes equipment and tools for the cable television and telecommunications industries in North and Latin Americas. It also engages in the business of hi-profile executive concierge and event management by handling various aspects in facilitating attendance at corporate and personal events, as well as at sporting events. In addition, the company provides accounting and tax services to public and private entities. Further, it involves in lifestyle development on 3,000 acres, which include home sites, a 4.5-mile grand prix circuit, a Davis Love III designed golf course, and a 6,000 private runway. The company was incorporated in 2006 and is based in Lake Mary, Florida.
TITAN MEDICAL INC (OTC:TITXF) - Titan Medical Inc., a development stage company, engages in the development and commercialization of robotic surgical technologies. The company is developing Amadeus, a four armed robotic surgical system enabling surgeons to remotely manipulate surgical instruments while seated at a control console. Titan Medical Inc. is headquartered in Toronto, Canada.
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