Market Maker Surveillance Report. LTON, AH, CRTX, SGOC, SKUL, DSLV, Losing Stocks With Lowest Price Friction For Thursday, Sep
September 13, 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 3888 companies with "abnormal" market making, 4064 companies with positive Friction Factors and 1723 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. Linktone Ltd (NASDAQ:LTON), Accretive Health Inc (NYSE:AH), Cornerstone Therapeutics Inc (NASDAQ:CRTX), SOLOMON GOLD CORP (NASDAQ:SGOC), Skullcandy Inc (NASDAQ:SKUL), (NYSE:DSLV). 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 LTON $-0.390 -13.18% 153,565 47.14% 169,078 51.91% -15,513 -398 AH $-1.470 -11.36% 1,047,267 33.35% 1,209,033 38.50% -161,766 -1,100 CRTX $-1.370 -21.17% 296,787 44.00% 298,781 44.30% -1,994 -15 SGOC $-0.220 -15.17% 38,180 35.32% 69,932 64.68% -31,752 -1,443 SKUL $-2.260 -15.86% 1,183,438 42.17% 1,584,927 56.48% -401,489 -1,777 DSLV $-2.960 -12.90% 126,753 23.23% 202,618 37.14% -75,865 -256Analysis 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 LTON with a dollar loss Thursday of $-0.39000 and a Friction Factor of -398 shares. That means that it only took 398 more shares of selling than buying to move LTON 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.
Linktone Ltd (NASDAQ:LTON) - Linktone Ltd. provides entertainment-oriented telecom value-added services to mobile phone users over mobile telecommunications networks in China. The company specializes in the development, aggregation, marketing, and distribution of user wireless content and applications for access by mobile phone users through three mobile network operators, including China Mobile Communications Corporation, China United Telecommunications Corporation, and China Telecom Group. Its 2G short messaging service (SMS)-based services comprise ringtones, icons and screen savers, interactive SMS messaging in certain television programs, adventure, action, trivia and fortune-telling games, lunar and Western horoscopes, POP Messaging, jokes, fan clubs, event-driven or entertainment news updates, and a virtual mobile amusement park called WonderWorld. The companys 2.5G services include multimedia messaging services, such as animated cartoons and screensavers, comic strips, magazine-style mobile articles on various topics, and event-driven news updates; and WAP services, which consist of WAP-based ringtones, screensavers, games and dating services, and advanced Java games. In addition, it offers audio-related services, including ringback, which replaces the common ring-ring sound heard by callers with music and sound effects; and interactive voice response services that allow users to listen to songs, jokes, stories, and coverages of events. The company was founded in 1999 and is based in Beijing, the Peoples Republic of China. Linktone Ltd. is a subsidiary of MNC International Limited..
Accretive Health Inc (NYSE:AH) - Accretive Health, Inc. provides healthcare revenue cycle management services to hospitals and healthcare providers. The company caters to multi hospital systems, community healthcare systems, academic medical centers, independent ambulatory clinics, and physician practice groups. Accretive Health, Inc. was formerly known as Healthcare Services, Inc. and changed its name in August 2009. The company was incorporated in 2003 and is headquartered in Chicago, Illinois..
Cornerstone Therapeutics Inc (NASDAQ:CRTX) - Cornerstone Therapeutics Inc., a specialty pharmaceutical company, engages in the acquisition, development, and commercialization of branded and generic pharmaceuticals for the respiratory and related markets primarily in the United States. It offers a line of products, including CUROSURF, an natural lung surfactant, for the treatment of respiratory distress syndrome in premature infants; FACTIVE, a fluoroquinolone with an activity against certain microorganisms implicated in respiratory infections, such as multi-drug resistant strains of Streptococcus pneumoniae; SPECTRACEF, a cephalosporin for the treatment of respiratory and skin infections; and ZYFLO CR, a leukotriene synthesis inhibitor, for prophylaxis and chronic treatment of asthma. The company also markets ALLERX dose pack products that are prescribed for the treatment of symptoms of allergic rhinitis; and HYOMAX family of products, which may be prescribed for functional intestinal disorders to reduce symptoms such as those seen in mild dysenteries, diverticulitis and irritable bowel syndrome. In addition, it develops cough/cold product candidates comprising CRTX 067, CRTX 069, CRTX 072, and CRTX 074; allergy product candidates consisting of CRTX 058 and CRTX 070; CRTX 073, an anti-asthma product candidate; and anti-infective product candidates, including CRTX 062 and CRTX 068. The company is headquartered in Cary, North Carolina. As of December 31, 2009, Cornerstone Therapeutics Inc. operates as a subsidiary of Chiesi Farmaceutici S.p.A..
SOLOMON GOLD CORP (NASDAQ:SGOC) - SOLOMON GOLD CORP.
Skullcandy Inc (NASDAQ:SKUL) - .
(NYSE:DSLV) - .
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