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Market Maker Surveillance Report. MITK, SBSA, DNDN, DBLE, DANG, BSPM, Winning Stocks With Lowest Price Friction For Wednesday,

June 13, 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 3532 companies with "abnormal" market making, 1765 companies with positive Friction Factors and 3757 companies with negative Friction Factors. Here is a list of the top companies with the largest percentage gain per share Wednesday 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. MITEK SYSTEMS INC (NASDAQ:MITK), SPANISH BROADCASTING SYS-A (NASDAQ:SBSA), DENDREON CORP (NASDAQ:DNDN), Double Eagle Petroleum Co (NASDAQ:DBLE), E-COMMERCE CHINA-SPON ADR (NYSE:DANG), BIOSTAR PHARMACEUTICALS INC (NASDAQ:BSPM). 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    $0.330    13.75%    776,515      55.88%    606,314      43.63%    170,201      5,158   
  SBSA    $0.470    14.20%    91,164       53.10%    78,433       45.68%    12,731       271     
  DNDN    $0.940    15.04%    12,810,196   50.26%    12,338,970   48.41%    471,226      5,013   
  DBLE    $0.480    12.73%    87,728       52.52%    79,215       47.42%    8,513        177     
  DANG    $0.570    10.71%    600,782      34.81%    541,857      31.39%    58,925       1,034   
  BSPM    $0.390    36.45%    860,572      50.16%    827,650      48.24%    32,922       844     

Analysis 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 MITK with a dollar gain Wednesday of $0.33000 and a Friction Factor of 5,158 shares. That means that it only took 5,158 more shares of buying than selling to move MITK 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.

MITEK SYSTEMS INC (NASDAQ: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.

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.

DENDREON CORP (NASDAQ:DNDN) - Dendreon Corporation, a biotechnology company, engages in the discovery, development, and commercialization of therapeutics to enhance cancer treatment options for patients. The company offers active cellular immunotherapy and small molecule product candidates to treat various cancers. Its product candidates comprise Provenge (sipuleucel-T), an active cellular immunotherapy for the treatment of metastatic, castrate-resistant prostate cancer; DN24-02, an investigational active immunotherapy for the treatment of patients with bladder, breast, ovarian, and other solid tumors expressing HER2/neu; and TRPM8, a small molecule agonist to transient receptor potential ion channel, for multiple cancers. The company also has a range of products in preclinical studies, which include Carcinoembryonic antigen for the treatment of lung, colon, and breast cancer; and Carbonic AnhydraseIX for the treatment of kidney cancer. Dendreon Corporation was founded in 1992 and is headquartered in Seattle, Washington.

Double Eagle Petroleum Co (NASDAQ:DBLE) - Double Eagle Petroleum Co., an energy company, engages in the exploration, development, production, and sale of natural gas and crude oil primarily in the Rocky Mountain Basins of the western United States. The companys principal properties include the Atlantic rim coal bed natural gas project located in south central Wyoming; the Pinedale Anticline property in the Green River basin of Wyoming; the Wind River basin in central Wyoming; and the Moxa Arch and other areas located in southwest Wyoming. It also holds interest in various properties located in North Dakota, Oklahoma, Texas, and Utah. In addition, Double Eagle Petroleum Co. engages in the transportation of gas through its intrastate gas pipeline. As of December 31, 2009, the company had estimated proved reserves of 89.8 billion cubic feet of natural gas and 419 thousand barrels of oil. It also owned interests in a total of 1,172 producing wells and had an interest in 359,830 gross acres natural gas prone basins of the Rocky Mountains. The company was founded in 1972 and is headquartered in Casper, Wyoming.

E-COMMERCE CHINA-SPON ADR (NYSE:DANG) - E-Commerce China Dangdang Inc. operates as a business-to-consumer e-commerce company in the Peoples Republic of China. The company, through its Website, dangdang.com, sells Chinese and foreign language books, music CDs, VCDs, and DVDs, as well as six categories of general merchandise, including beauty and personal care products; home and lifestyle products; baby, children, and maternity products; electronics; apparel and accessories; and footwear, handbags, and luggage. It offers its customers various payment options, such as online payment, wire transfer, and postal remittance. E-Commerce China Dangdang Inc. was formerly known as E-Commerce China Co. Ltd. and changed its name in June 2010. E-Commerce China Dangdang Inc. was incorporated in 2000 and is headquartered in Beijing, China.

BIOSTAR PHARMACEUTICALS INC (NASDAQ:BSPM) - Biostar Pharmaceuticals, Inc., through its subsidiary, Shaanxi Biostar Biotech, Ltd., discovers, develops, manufactures, and markets over-the-counter and prescription pharmaceutical products, and nutrient products for various diseases and conditions in the Peoples Republic of China. Its primary product is Xin Ao Xing Oleanolic Acid Capsule, an over-the-counter medicine for chronic hepatitis B. The companys products also include Ganwang compound paracetamol and amantadine hydrochloride capsule for the relief of common cold, runny nose, sore throat pain, headache, and fever; and Tianqi Dysmenorrhea capsule, a traditional Chinese medicine used for the treatment of pain and other symptoms associated with menstruation. Its prescription pharmaceutical products comprise Danshen granule for the treatment of coronary heart disease, myocarditis, and angina pectoris; and Taohuasan pediatric medicine for the treatment of bronchial congestion and coughs in children. In addition, the company holds licenses to produce and sell 13 nutrient products. Biostar Pharmaceuticals sells its products to pharmacies directly, as well as through a network of 20 distributors. It has research and development agreements with Fourth Military Medical University Xijing Hospital State Drug Clinical Research Center to conduct clinical trial for new drugs. The company was founded in 1995 and is headquartered in Xianyang City, the Peoples Republic of China.

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REGULATORY & COMPLIANCE NEWS

Friction Factor -- market maker surveillance system tracking Level II market makers in all stocks to determine Price Friction and compliance with new "Fair Market Making Requirements"

RegSHO Naked Shorts -- tracks EVERY failure to deliver in all US stocks and tracks all Threshold Security Lists daily for which stocks have naked shorts that are not in compliance with Regulation SHO

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SqueezeTrigger -- 29 billion cell database tracks EVERY short sale (not just total short interest) in all US stocks and calculates volume weighted price that a short squeeze will begin in each stock.

Earnings Edge -- predicts probability, price move and length of move before and after all US stock earnings reports.

Seasonality -- predicts probability, price move and length of move based on exact time of year for all US stocks.

Group Trader -- tracks sector rotation and stock correlation to its sector and predicts future moves in ALL sectors and industry groups.

Pattern Scan -- automates tracking of every technical pattern and predicts time and size of move in all stocks.

GATS (Global Automated Trading System) -- tracks all known trading strategies and qualifies and quantifies which are working best in real time.

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