Market Maker Surveillance Report. TEU, JRCC, ACAD, DIMI, OPTT, BPI, Losing Stocks With Lowest Price Friction For Friday, July
July 13, 2012 / M2 PRESSWIRE / BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Friday. 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 Friday there were 3715 companies with "abnormal" market making, 3928 companies with positive Friction Factors and 1562 companies with negative Friction Factors. Here is a list of the top companies with the largest percentage loss per share Friday 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. Box Ships Inc (NYSE:TEU), James River Coal Co (NASDAQ:JRCC), ACADIA Pharmaceuticals Inc (NASDAQ:ACAD), DIANE MINES LTD (OTC:DIMI), Ocean Power Technologies Inc (NASDAQ:OPTT), Bridgepoint Education Inc (NYSE:BPI). 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 TEU $-1.460 -18.00% 1,295,730 24.15% 1,659,471 30.92% -363,741 -2,491 JRCC $-0.250 -11.11% 1,333,848 39.35% 2,053,315 60.58% -719,467 -28,779 ACAD $-0.150 -8.47% 688,816 45.29% 832,236 54.71% -143,420 -9,561 DIMI $-0.260 -18.71% 50,263 15.78% 138,925 43.62% -88,662 -3,410 OPTT $-0.330 -11.04% 225,739 49.19% 232,995 50.77% -7,256 -220 BPI $-3.200 -24.67% 2,119,639 31.89% 2,280,819 34.31% -161,180 -504Analysis 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 TEU with a dollar loss Friday of $-1.46000 and a Friction Factor of -2,491 shares. That means that it only took 2,491 more shares of selling than buying to move TEU 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.
Box Ships Inc (NYSE:TEU) - Box Ships Inc. owns and operates containerships. The company was founded in 2010 and is based in Athens, Greece.
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.
ACADIA Pharmaceuticals Inc (NASDAQ:ACAD) - ACADIA Pharmaceuticals Inc., a biopharmaceutical company, focuses on drug discovery and clinical development of novel treatments for central nervous system disorders. The company has a portfolio of four product candidates, including pimavanserin, which is in Phase III clinical development as a treatment for Parkinson's disease psychosis. It is also developing AGN-XX/YY, a product candidate in Phase II for chronic pain; and AC-262271, a product candidate in Phase I for glaucoma in collaboration with Allergan, as well as AM-831, a product candidate in IND-track development in collaboration with Meiji Seika Kaisha, Ltd. In addition, ACADIA Pharmaceuticals Inc. is developing two preclinical programs in the area of Parkinsons disease. The product candidates in the companys pipeline emanate from discoveries made using its proprietary drug discovery platform. The company was founded in 1993 and is headquartered in San Diego, California.
DIANE MINES LTD (OTC:DIMI) - DIANE MINES LTD
Ocean Power Technologies Inc (NASDAQ:OPTT) - Ocean Power Technologies, Inc. engages in the development and commercialization of proprietary systems that generate electricity by harnessing the renewable energy of ocean waves primarily in North America, Europe, and Australia. Its product portfolio includes utility PowerBuoy system to supply electricity to a local or regional electric power grid; and autonomous PowerBuoy system that is designed to generate power for use independent of the power grid in remote locations. The companys autonomous PowerBuoy system is also used for sonar and radar surveillance, tsunami warning, oceanographic data collection, offshore platforms, and offshore aquaculture applications. Its customers include public utilities, independent power producers, and other governmental entities and agencies. The company was incorporated in 1984 and is headquartered in Pennington, New Jersey.
Bridgepoint Education Inc (NYSE:BPI) - Bridgepoint Education, Inc. provides postsecondary education services. It offers associates, bachelor's, master's, and doctoral programs primarily in the disciplines of business, education, psychology, social sciences, and health sciences. The company offers its programs at campuses located in Clinton, Iowa, and Colorado Springs, Colorado, as well as through online. As of December 31, 2009, it provided 1,150 courses and 60 degree programs with 125 specializations and concentrations. The company was founded in 1918 and is headquartered in San Diego, California.
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