Market Maker Surveillance Report. VVTV, LGND, JRCC, MGT, QRM, CUI, Winning Stocks With Lowest Price Friction For Wednesday, Ju
June 20, 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 3874 companies with "abnormal" market making, 2644 companies with positive Friction Factors and 2802 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. VALUEVISION MEDIA INC-A (NASDAQ:VVTV), Ligand Pharmaceuticals Inc (NASDAQ:LGND), JAMES RIVER COAL CO (NASDAQ:JRCC), MGT CAPITAL INVESTMENTS INC (AMEX:MGT), Quest Rare Minerals Limited (NYSE:QRM), (NASDAQ:CUI). 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 VVTV $0.300 17.54% 649,196 54.72% 536,625 45.23% 112,571 3,752 LGND $2.100 16.28% 195,262 52.22% 174,068 46.55% 21,194 101 JRCC $0.710 26.39% 2,865,252 54.78% 2,360,993 45.14% 504,259 7,102 MGT $0.730 16.23% 63,441 41.94% 49,679 32.85% 13,762 189 QRM $0.270 17.09% 142,004 28.71% 124,584 25.19% 17,420 645 CUI $1.310 25.49% 95,235 71.88% 34,850 26.30% 60,385 461Analysis 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 VVTV with a dollar gain Wednesday of $0.30000 and a Friction Factor of 3,752 shares. That means that it only took 3,752 more shares of buying than selling to move VVTV 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.
VALUEVISION MEDIA INC-A (NASDAQ:VVTV) - ValueVision Media, Inc., a multi-media retailer, engages in marketing, selling, and distributing its products directly to consumers through various digital platforms. It sells mens and womens watches, collectible coins, and other collectible items; gold, gemstone, and fashion jewelry for men and women; and consumer electronics, including desktop and notebook computers and related accessories, as well as home electronics, such as LCD televisions and digital cameras. The company also offers apparel, fashion accessories, and health and beauty products comprising clothing and footwear for women; handbags and other fashion accessories; and cosmetics and personal care items, as well as home and other products, consisting of mattresses, sheet sets, lamps, and home furnishings. Its principal form of multi-media retailing is its television shopping network, ShopNBC, which markets brand name and private label products. The companys other distribution channel includes its Internet retailing Web sites, such as ShopNBC.com and ShopNBC.TV, which provide a range of consumer merchandise, including various products being featured in its television programming. It also provides its products through other digital platforms comprising mobile and social media. ValueVision Media has strategic alliances with GE Capital Equity Investments, Inc. and NBC Universal, Inc. The company was founded in 1990 and is headquartered in Eden Prairie, Minnesota.
Ligand Pharmaceuticals Inc (NASDAQ:LGND) - Ligand Pharmaceuticals Incorporated operates as a biotechnology company. It principally engages in the development and acquisition of royalty revenue generating assets. The company engages in the research, milestone, and royalty revenue activities resulting from its collaborations with pharmaceutical partners. The collaborations primarily include ongoing clinical programs at Bristol-Myers Squibb, GlaxoSmithKline, Pfizer, Merck & Co., Cephalon, Inc, and Celgene. These partnered product candidates are being studied for the treatment of indications, such as thrombocytopenia, rheumatoid arthritis, chronic obstructive pulmonary disease, asthma, osteoporosis, menopausal symptoms, and Alzheimers disease. Ligand Pharmaceuticals Incorporated receives royalties principally on sales of Avinza from Pfizer, Promacta from GlaxoSmithKline, and Viviant /Conbriza from Pfizer. The company through its subsidiary, CyDex Pharmaceuticals, Inc., offers four marketed products, as well as has one approved product, a portfolio of partnered drug development programs, an internal pipeline of proprietary drugs, and the Captisol drug formulation platform technology. Ligand Pharmaceuticals Incorporated was formerly known as Progenx Inc. and changed its name in 1989. The company was founded in 1987 and is based in La Jolla, California.
JAMES RIVER COAL CO (NASDAQ:JRCC) - James River Coal Company, through its subsidiaries, engages in mining, processing, and selling bituminous, steam- and industrial-grade coal in eastern Kentucky and southern Indiana. It conducts mining operations in Bell County, Bledsoe, Blue Diamond, Leeco, and Triad mining complexes. As of December 31, 2009, the company had 6 mining complexes, including 14 underground mines, 10 surface mines, and 10 preparation plants, as well as controlled approximately 271.1 million tons of proven and probable coal reserves in Central Appalachia and Midwest regions. It sells coal to electric utilities and industrial customers. The company was founded in 1988 and is headquartered in Richmond, Virginia.
MGT CAPITAL INVESTMENTS INC (AMEX:MGT) - MGT Capital Investments, Inc., through its subsidiaries, engages in the medical imaging business in United Kingdom, other parts of Europe, the United States, Japan, and China. It develops and commercializes computer aided detection (CAD) and image analysis software, which analyzes computer tomography (CT) scans to assist radiologists in the early detection and measurement of colorectal polyps and lung lesions. The companys products include ColonCAD software, which displays CAD marks on the images focusing on potential polyps; MedicRead product, a visualisation software application for CT colonography; and MedicCO2LON, which is an automated carbon dioxide insufflation device. It also provides a Web portal containing an online sales channel for diagnostic, treatment, and surgery planning solutions. The company was formerly known as Medicsight Inc. and changed its name to MGT Capital Investments, Inc. in January 2007. MGT Capital Investments, Inc. was founded in 1999 and is based in London, the United Kingdom.
Quest Rare Minerals Limited (NYSE:QRM) -
(NASDAQ:CUI) -
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