Market Maker Surveillance Report. MITK, GMCR, SVNT, CEVA, OPHC, UBNT, Losing Stocks With Lowest Price Friction For Wednesday,
May 2, 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 3917 companies with "abnormal" market making, 2646 companies with positive Friction Factors and 2975 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. MITEK SYSTEMS INC (OTCBB:MITK), Green Mountain Coffee Roasters Inc (NASDAQ:GMCR), SAVIENT PHARMACEUTICALS INC (NASDAQ:SVNT), CEVA INC (NASDAQ:CEVA), OPTIMUMBANK HOLDINGS INC (NASDAQ:OPHC), (NASDAQ:UBNT). 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 MITK $-2.790 -49.03% 620,995 43.18% 808,191 56.20% -187,196 -671 GMCR $-19.840 -39.89% 8,985,684 43.02% 11,757,849 56.30% -2,772,165 -1,397 SVNT $-0.340 -18.28% 1,542,761 46.53% 1,736,439 52.38% -193,678 -5,696 CEVA $-4.980 -22.05% 976,444 48.24% 1,034,192 51.09% -57,748 -116 OPHC $-0.320 -19.40% 286,075 35.84% 509,026 63.76% -222,951 -6,967 UBNT $-6.030 -17.23% 1,942,727 47.84% 1,977,008 48.69% -34,281 -57Analysis 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 MITK with a dollar loss Wednesday of $-2.79000 and a Friction Factor of -671 shares. That means that it only took 671 more shares of selling than buying to move MITK 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.
MITEK SYSTEMS INC (OTCBB:MITK) - Mitek Systems, Inc. develops, sells, and services software solutions related to mobile imaging applications and intelligent recognition software in the United Stats and Internationally. The companys offers mobile imaging applications and intelligent recognition software provided as development toolkits. Mitek offers Mobile Deposit, an application that allows banks to accept check deposits via photos of checks taken with camera-equipped smartphones; Mobile Receipt, which converts the photo of a receipt taken with a smartphone into an image, as well as converts the data into an expense report; Mobile Phax that allows a user to take a photo of any letter sized document or page, and send it as a portable document format file to any email address or fax machine; and Mobile Photo Bill Pay, which allows users to take pictures of their bills with their smartphone cameras, as well as corrects image distortion, reads relevant data, and processes the transactions through the users banks. The company also offers character recognition toolkits under the brand ImageNet that provide a high level of accuracy in remittance processing, proof of deposit, and lock box processing applications. These products are used to reduce manual labor by automatically extracting amounts and routing information from checks and distinguishing between common document types, such as personal and business checks, substitute checks, pre-authorized drafts, and other document types specified by customers. In addition, Mitek provides FraudProtect Systems, an automated software application that allows banks to detect the most common forms of check fraud from forged signatures and counterfeit checks, as well as the detection of pre-authorized drafts and payee name alterations. Further, it offers ImageScore, a solution for financial institutions that truncates or uses check images in an accounts receivables conversion environment. The company was founded in 1983 and is based in San Diego, California.
Green Mountain Coffee Roasters Inc (NASDAQ:GMCR) - Green Mountain Coffee Roasters, Inc. operates in the specialty coffee industry in the United States and internationally. It sells approximately 200 whole bean and ground coffee selections, cocoa, teas, and coffees. The company offers Arabica bean coffee, including single-origin, Fair Trade Certified, organic, flavored, limited edition, and proprietary blends under the Green Mountain Coffee, Tullys Coffee, and Newmans Own Organics brand names. It also manufactures gourmet single-cup brewing systems and markets its patented single-cup coffee and tea brewing systems for offices and homes under the Keurig brand name. The company provides cocoa, teas, and coffees in K-Cup portion packs, Keurig single-cup brewers, and other accessories. It sells whole bean and ground coffee, K-Cups, Keurig single-cup brewers, and other accessories in domestic wholesale and retail channels, and directly to consumers. The company markets coffee, tea, cocoa, and single-cup brewers to retailers, such as department stores and club stores; and single-cup brewers to distributors, as well as to supermarkets. Green Mountain Coffee Roasters, Inc. was founded in 1981 and is headquartered in Waterbury, Vermont.
SAVIENT PHARMACEUTICALS INC (NASDAQ:SVNT) - Savient Pharmaceuticals, Inc., a specialty biopharmaceutical company, focuses on developing KRYSTEXXA, a biologic PEGylated uricase in the United States. The KRYSTEXXA is being developed as a treatment for chronic gout in patients refractory to conventional therapy. The company also sells and distributes branded and generic versions of oxandrolone, a drug used to promote weight gain following involuntary weight loss. It sells its products directly to drug wholesalers. The company, formerly known as Bio-Technology General Corp. and changed its name to Savient Pharmaceuticals, Inc. in June 2003. Savient Pharmaceuticals, Inc. was founded in 1980 and is headquartered in East Brunswick, New Jersey.
CEVA INC (NASDAQ:CEVA) - CEVA, Inc. and its subsidiaries engage in designing and licensing silicon intellectual property (SIP) for the handsets, portable multimedia, and consumer electronics markets. The company licenses digital signal processor (DSP) cores in the form of a hardware description language definition; DSP-based subsystems, including hardware components integrated with the DSP core to form a system-on-chip (SoC) design; a portfolio of application-specific platforms, including video, audio, voice over Internet protocols (VoIP), bluetooth, and serial advanced technologies; and various software components. Its intellectual property is deployed in various markets, including handsets; mobile broadband comprising netbooks, eReaders, mobile Internet devices, tablets, and smart metering equipment; portable video players, mobile TVs, personal navigation devices, and MP3/MP4 players; home entertainment, such as DVD/blu-ray players, set-top boxes, and digital TVs; game consoles, such as portable and home systems; hard disk drives and solid storage devices; and telecommunication devices, including residential gateways, femtocells, VoIP phones, and network infrastructure products. The company licenses its portfolio of DSP cores, subsystems, and platforms to semiconductor and original equipment manufacturer companies worldwide to incorporate the companys IP into application-specific integrated circuits and application-specific standard products that they manufacture, market, and sell to consumer electronics companies. It was formerly known as ParthusCeva, Inc. and changed its name to CEVA, Inc. in December 2003. CEVA, Inc. was founded in 1999 and is headquartered in San Jose, California.
OPTIMUMBANK HOLDINGS INC (NASDAQ:OPHC) - OptimumBank Holdings, Inc. operates as the bank holding company for OptimumBank that provides community banking products and services to individuals and corporate customers in Broward, Miami-Dade, and Palm Beach counties, Florida. Its deposit products include demand interest-bearing and noninterest-bearing accounts, money market deposit accounts, NOW accounts, and time deposits, as well as direct deposits. The company also provides residential and commercial real estate loans, and consumer loans to individuals and small businesses, and other organizations. In addition, it offers credit cards, cash management, notary services, money orders, night depository, travelers checks, cashiers checks, domestic collections, savings bonds, bank drafts, automated teller services, drive-in tellers, and banking by mail services. Further, the company provides Internet banking services. It conducts operations from its Fort Lauderdale headquarters and three branch offices in Fort Lauderdale, Plantation, and Deerfield Beach. The company was founded in 2000 and is headquartered in Fort Lauderdale, Florida.
(NASDAQ:UBNT) -
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