Market Maker Surveillance Report. SCHS, CHC, SKX, ARUN, APPY, EXPR, Losing Stocks With Lowest Price Friction For Tuesday, Octo
October 2, 2012 / M2 PRESSWIRE / BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Tuesday. 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 Tuesday there were 3966 companies with "abnormal" market making, 2527 companies with positive Friction Factors and 2779 companies with negative Friction Factors. Here is a list of the top companies with the largest percentage loss per share Tuesday 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. School Specialty Inc (NASDAQ:SCHS), CHINA HYDROELECTRIC CP-ADS (NYSE:CHC), SKECHERS U.S.A. INCORPORATED (NYSE:SKX), ARUBA NETWORKS INC (NASDAQ:ARUN), AspenBio Pharma Inc (NASDAQ:APPY), Express Inc (NYSE:EXPR). 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 SCHS $-0.210 -9.09% 72,204 34.65% 136,087 65.30% -63,883 -3,042 CHC $-0.260 -15.12% 30,820 20.76% 73,798 49.70% -42,978 -1,653 SKX $-2.600 -12.76% 922,667 33.39% 994,591 36.00% -71,924 -277 ARUN $-2.010 -8.98% 4,369,525 47.45% 4,600,258 49.96% -230,733 -1,148 APPY $-0.280 -10.81% 197,791 45.51% 236,850 54.49% -39,059 -1,395 EXPR $-3.360 -22.39% 3,949,342 30.87% 4,135,559 32.33% -186,217 -554Analysis 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 SCHS with a dollar loss Tuesday of $-0.21000 and a Friction Factor of -3,042 shares. That means that it only took 3,042 more shares of selling than buying to move SCHS 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.
School Specialty Inc (NASDAQ:SCHS) - School Specialty, Inc., an education company, provides supplemental educational products and equipment for the pre-kindergarten to twelfth grade market in the United States and Canada. The company operates in two segments, Educational Resources Group and Accelerated Learning Group. The Educational Resources Group offers basic classroom supplies, office products, school equipment, technology products, and paper; supplemental learning materials, teaching resources, upper-grade-level art supplies, early childhood products, physical education equipment, and special needs equipment and classroom technology; janitorial supplies; and classroom, library, cafeteria, office, and fixed furniture comprising desks, tables, bleachers and lockers, as well as construction and project management services. It provides its products under both national brands and the companys proprietary brands, which include Education Essentials, Sportime, Childcraft, Sax Arts & Crafts, Califone, abc, Abilitations, School Smart, Classroom Select, and Projects by Design. The Accelerated Learning Group develops and publishes standards-based curriculum programs, supplemental curriculum materials, instructional products, and student assessment tools in the areas of science, math, reading intervention, planning and student development, and coordinated school health. This segment sells its products to teachers, curriculum specialists, and other educators under various brand names, such as Wordly Wise 3000, Premier Agendas, Delta Education, FOSS, CPO Science, Frey Scientific, Educators Publishing Service, Academy of Reading, ThinkMath!, MCI, S.P.I.R.E., and SPARK. It offers its products through a direct sales force, catalogs, and online. The company was founded in 1959 and is headquartered in Greenville, Wisconsin..
CHINA HYDROELECTRIC CP-ADS (NYSE:CHC) - China Hydroelectric Corporation, through its subsidiaries, engages in the acquisition, ownership, development, and operation of hydroelectric power projects in the People's Republic of China. The company sells electricity to the power grids. It owns 12 operating hydroelectric power projects, as well as has a controlling interest in 1 operating hydroelectric power project in the provinces of Zhejiang, Fujian, Yunnan, and Sichuan. As of December 31, 2009, the company has an installed capacity of 376.6 MW. China Hydroelectric Corporation was founded in 2006 and is headquartered in Beijing, the People's Republic of China..
SKECHERS U.S.A. INCORPORATED (NYSE:SKX) - Skechers U.S.A., Inc. engages in the design, development, marketing, and distribution of footwear for men, women, and children in the United States and internationally. The company offers various products comprising casuals, such as boots, shoes, and sandals for men, as well as slip-ons, lug outsole and fashion boots, and casual sandals for women; dress casuals; relaxed fit for men; sandals; and casual fusion under the Skechers USA brand name. It also provides a line of sport footwear for men and women, including mens lifestyle athletic footwear, lightweight womens sneakers, and sport sandals under the Skechers Sport brand name. In addition, the company offers mens and womens casuals, field boots, hikers, and athletic shoes under the Skechers Work brand name; and a range of infants, toddlers, boys, and girls boots, shoes, and sneakers under the Skechers Kids brand name. Further, its product line includes Skechers Active products, such as casual everyday and sport fusion sneakers for females; Tone-ups and Tone-ups Fitness products comprising casual and athletic-inspired sandals for women, as well as sneakers; Shape-ups toning footwear for men and women; and Skechers Resistance Runner technical shoes for runners. Skechers U.S.A. markets its products through department and specialty stores, athletic and independent retailers, and boutiques, catalog and Internet retailers, as well as through own e-commerce Website and retail stores. As of February 15, 2011, it operated 105 concept stores, 99 factory outlet stores, and 40 warehouse outlet stores in the United States, as well as 28 concept stores and 16 factory outlets internationally. The company was founded in 1992 and is headquartered in Manhattan Beach, California..
ARUBA NETWORKS INC (NASDAQ:ARUN) - Aruba Networks, Inc. provides distributed enterprise networks that securely connect local and remote users to corporate information technology resources worldwide. Its product line comprises ArubaOS that integrates user based security, application-aware RF services, and wireless LAN access to deliver the mobile networking solution for large and mid-sized enterprises; software modules for ArubaOS; mobility controllers for the operation of secure mobility solutions; and access points, which serve as on-ramps that aggregate user traffic onto the enterprise network and direct this traffic to mobility controllers. The company also provides virtual branching networking solutions; management analytics and threat prevention applications for planning, monitoring, fault management, real-time troubleshooting, reporting, RF coverage, and location visualization for designing, maintaining, and securing wireless networks; and airwave wireless management suite for managing wired, wireless, and mobile device networks. It offers its products to construction, education, finance, government, healthcare, hospitality, manufacturing, media, retail, technology, telecom, transportation, and utility industries. The company sells its products through its sales force, as well as through value-added resellers, value-added distributors, and original equipment manufacturers. Aruba Networks, Inc. was incorporated in 2002 and is based in Sunnyvale, California..
AspenBio Pharma Inc (NASDAQ:APPY) - AspenBio Pharma, Inc., a bio-pharmaceutical company, engages in the discovery, development, and commercialization of products that address un-met diagnostic and therapeutic needs. The Companys research and development activities primarily focus on a human appendicitis blood-based test and bovine single-chain recombinant reproduction enhancement drugs. Its lead product includes AppyScore, a blood-based diagnostic test that evaluates patients suspected of having acute appendicitis and diagnosing appendicitis in the hospital emergency department setting. The company also develops animal healthcare products focusing on reproduction, including BoviPure LH, a recombinant hormone analog for use with artificial insemination that induces ovulation and reduces the risk of pregnancy loss in dairy cows; BoviPure FSH, a single-chain bovine FSH analog for super-ovulation of cows; EquiPure LH, a single-chain LH analog for horses that stimulates follicular development, as well as induces ovulation in estrous mares; and EquiPure FSH, a single-chain FSH analog for horses that assists mares through transition and for super-ovulation. In addition, it manufactures and markets approximately 20-30 purified protein products primarily for use as controls by diagnostic test kit manufacturers and research facilities to determine whether diagnostic test kits are functioning properly. The company was founded in 2000 and is based in Castle Rock, Colorado..
Express Inc (NYSE:EXPR) - Express, Inc. operates specialty retail stores in the United States. Its stores offer apparel and accessories for women and men between 20 and 30 years old across various aspects of the lifestyles, including work, casual, and going-out occasions, as well as provides gift cards. As of January 30, 2010, the company operated 573 stores. It also offers its products through e-commerce Website, express.com. The company was formerly known as Express Parent, LLC and changed its name to Express, Inc. on May 12, 2010. Express, Inc. was founded in 1980 and is headquartered in Columbus, Ohio..
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