Market Maker Surveillance Report. LNET, RCON, MNOV, LDK, WPRT, EMMLF, Losing Stocks With Lowest Price Friction For Thursday, M
May 24, 2012 / M2 PRESSWIRE / BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Thursday. 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 Thursday there were 3854 companies with "abnormal" market making, 2786 companies with positive Friction Factors and 2760 companies with negative Friction Factors. Here is a list of the top companies with the largest percentage loss per share Thursday 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. LODGENET INTERACTIVE CORP (NASDAQ:LNET), RECON TECHNOLOGY LTD (NASDAQ:RCON), MEDICINOVA INC (NASDAQ:MNOV), LDK Solar Co Ltd (NYSE:LDK), WESTPORT INNOVATIONS INC (NASDAQ:WPRT), (OTC:EMMLF). 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 LNET $-0.220 -15.71% 189,822 44.71% 234,785 55.29% -44,963 -2,044 RCON $-0.260 -11.34% 145,499 48.93% 150,370 50.57% -4,871 -187 MNOV $-1.180 -42.92% 438,935 44.66% 538,806 54.82% -99,871 -846 LDK $-0.490 -16.07% 811,174 30.64% 834,528 31.52% -23,354 -477 WPRT $-3.270 -11.04% 1,440,938 48.09% 1,521,337 50.78% -80,399 -246 EMMLF $-0.126 -10.96% 100,000 24.25% 212,415 51.51% -112,415 -8,922Analysis 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 LNET with a dollar loss Thursday of $-0.22000 and a Friction Factor of -2,044 shares. That means that it only took 2,044 more shares of selling than buying to move LNET 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.
LODGENET INTERACTIVE CORP (NASDAQ:LNET) - LodgeNet Interactive Corporation provides interactive media and connectivity solutions for the hospitality industry in the United States, Canada, and Mexico. The companys guest entertainment services include on-demand movies, on-demand games, music and music video, Internet on television, and television on-demand. It also offers satellite-delivered cable television programming; and broadband Internet access, service, and support; and system sales, service, and support solutions. In addition, the company provides various solutions, including the LodgeNetRX interactive patient television system, patient education solutions, clinical systems integration applications, and cable television hardware and programming; and offers professional, technical, and installation services to the healthcare industry. Additionally, LodgeNet Interactive Corporation offers advertising and media services, which consist of traditional television advertising, video-on-demand/interactive advertising, and programming carriage services. As of December 31, 2009, it provided interactive media and connectivity solutions to approximately 1.9 million hotel rooms; and advertising media services to approximately 1.2 million hotel rooms, as well as served 45 healthcare facilities, representing approximately 9,200 beds. LodgeNet Interactive Corporation was founded in 1980 and is headquartered in Sioux Falls, South Dakota.
RECON TECHNOLOGY LTD (NASDAQ:RCON) - Recon Technology, Ltd. provides products and services designed to automate and enhance the extraction of petroleum in the Peoples Republic of China. It engages in the design, manufacture, and installation of oil field servomechanism systems engineering. The company also offers oil field underground operation technology and products, such as oil producing well water seeking, sand proof, and fracturing technology; down flow well acidize injection, plug-releasing, and profile control technology; gas well perforating and sand proof technology; multi-effect underground packer devices; and gas well throttle controller. In addition, it provides oil field ground operation technology and products comprising heating furnace automation control technology in oil field fathering and transportation system; oil field heating furnace; oil field multiphase separator; and oil field heat-exchange equipment, as well as supplies UNIGAS combustor. Recon Technologys products and services include RSCADA System, an industrial computerized process control system for monitoring, managing, and controlling oil field service extraction; water system, a technology designed to find and block water content in oil field service; and multi-purpose fissure shapers, which helps in enhancing the extractors ability to test for and extract petroleum. The company was incorporated in 2007 and is based in Beijing, the Peoples Republic of China.
MEDICINOVA INC (NASDAQ:MNOV) - MediciNova, Inc., a biopharmaceutical company, engages in the acquisition and development of small molecule therapeutics for the treatment of diseases with unmet medical needs principally in the United States. The companys development pipeline includes programs that are in clinical development for the treatment of asthma, acute exacerbations of asthma, multiple sclerosis, central nervous system disorders, interstitial cystitis, solid tumor cancers, generalized anxiety disorder/insomnia, preterm labor, and urinary incontinence. Its principal product development programs consist of MN-221, which completed Phase II clinical trial for the treatment of acute exacerbations of asthma, and completed Phase Ib clinical trial for the treatment of chronic obstructive pulmonary disease; MN-166 that has completed Phase II clinical trial for the treatment of multiple sclerosis; and AV411, which has advanced through multiple Phase I and IIa clinical trials for the treatment of central nervous system disorders. The companys other product development programs include MN-001, which completed Phase II/III clinical trial for the treatment of interstitial cystitis and an oral dosing formulation prototype for the treatment of bronchial asthma; MN-029 that completed Phase I clinical trial for the treatment of solid tumors; MN-305, which completed Phase II/III clinical trial for the treatment of generalized anxiety disorder and Phase II clinical trial for the treatment of insomnia; MN-221 that completed a Phase I clinical trial for the treatment of preterm labor; and MN-246, a Phase I clinical trial completed product for the treatment of urinary incontinence. Its preclinical development products comprise MN-447 and MN-462 for the treatment of thrombotic disorders. The company was founded in 2000 and is headquartered in San Diego, California.
LDK Solar Co Ltd (NYSE:LDK) - LDK Solar Co., Ltd., through its subsidiaries, engages in the design, development, manufacture, and marketing of photovoltaic products; and development of power plant projects. It offers multicrystalline and monocrystalline wafers to the manufacturers of solar cells and modules. The company also provides wafer processing services to monocrystalline and multicrystalline solar cell and module manufacturers; and sells silicon materials, which include ingots and polysilicon scraps, and other chemicals to produce polysilicon and solar wafers. In addition, it involves in the development of solar projects in Europe and China; and provision of engineering, procurement, and construction services in China. The company sells solar modules to developers, distributors, and system integrators. It has operations in the Asia Pacific, Europe, and North America. The company was founded in 2005 and is headquartered in Xinyu city, the Peoples Republic of China. LDK Solar Co., Ltd. operates as a subsidiary of LDK New Energy Holding Limited.
WESTPORT INNOVATIONS INC (NASDAQ:WPRT) - Westport Innovations Inc. the research, development, and marketing of low-emission engine and fuel injection systems that utilize alternative gaseous fuels, such as natural gas, propane, or hydrogen. It develops technology and products that enable light, medium, and heavy-duty diesel engines to run primarily on compressed natural gas (CNG) or liquefied natural gas (LNG). The company focuses on three categories or target markets through its business units or joint ventures: Juniper, which is focused on 2.0L and 2.4L engines for industrial applications such as forklifts, oilfield service engines, and light-duty automotive; Cummins Westport (CWI), which is focused on natural gas engine applications for urban fleets, such as buses, refuse trucks, and vocational vehicles ranging from 5.9L to 8.9L; and Westport Heavy Duty (Westport HD), which is focused on LNG systems for heavy-duty trucks (Westport HD Systems) and the platform for the licensing of Westport HD Systems. The company was founded in 1995 and is headquartered in Vancouver, Canada.
(OTC:EMMLF) -
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