Market Maker Surveillance Report. KFS, OCN, SNFCA, LOCM, ASPS, VRNG, Winning Stocks With Lowest Price Friction For Wednesday,
October 3, 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 4036 companies with "abnormal" market making, 2396 companies with positive Friction Factors and 2960 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. Kingsway Financial Services Inc (NYSE:KFS), Oceanus Resources Corp (NYSE:OCN), Security National Financial Corp (NASDAQ:SNFCA), Local.com Corp (NASDAQ:LOCM), ALTISOURCE PORTFOLIO SOLUTIONS SA (NASDAQ:ASPS), Vringo Inc (AMEX:VRNG). 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 KFS $0.540 21.10% 65,071 48.15% 37,227 27.54% 27,844 516 OCN $5.920 20.44% 3,360,576 34.46% 3,260,055 33.43% 100,521 170 SNFCA $0.850 18.97% 130,907 67.45% 62,915 32.42% 67,992 800 LOCM $0.370 19.27% 401,851 52.81% 358,946 47.17% 42,905 1,160 ASPS $15.180 17.24% 530,739 52.22% 472,321 46.47% 58,418 38 VRNG $1.150 37.22% 9,270,782 36.91% 8,555,309 34.07% 715,473 6,222Analysis 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 KFS with a dollar gain Wednesday of $0.54000 and a Friction Factor of 516 shares. That means that it only took 516 more shares of buying than selling to move KFS 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.
Kingsway Financial Services Inc (NYSE:KFS) - Kingsway Financial Services Inc. provides insurance solutions to individuals and businesses in the United States. The company primarily offers private passenger non-standard automobile insurance that covers drivers who do not qualify for standard automobile insurance coverage because of their payment history, driving record, place of residence, age, vehicle type, or other factors. It markets and distributes its products through a network of independent agents. The company was founded in 1989 and is based in Toronto, Canada..
Oceanus Resources Corp (NYSE:OCN) - Ocwen Financial Corporation, through its subsidiaries, provides residential and commercial mortgage loan servicing, special servicing, and asset management services. The company operates in two segments, Ocwen Asset Management and Ocwen Solutions. The Ocwen Asset Management segment provides asset management and resolution services primarily to owners of subprime residential mortgages. This segment also involves in the trading and investing activities, including investments in subprime residual mortgage backed trading securities and whole loan purchase and securitization activities; subprime loan origination operations; and management of residential assets. The Ocwen Solutions segment offers mortgage services, including due diligence, valuation, real estate sales, default processing, property inspection and preservation, homeowner outreach, closing and title, and knowledge process outsourcing services. It also provides financial services, such as asset recovery and customer relationship management services to the financial services, consumer products, telecommunications, and utilities industries. In addition, this segment offers technology products, including REAL suite of applications, such as REALServicing, REALResolution, REALTransS, REALSynergy, and REALRemit, which support companys servicing business, as well as the servicing and origination businesses of external customers. The company has operations in the United States, Uruguay, and India. Ocwen Financial Corporation was founded in 1988 and is headquartered in West Palm Beach, Florida..
Security National Financial Corp (NASDAQ:SNFCA) - Security National Financial Corporation, together wit its subsidiaries, provides various insurance and annuity products in the United States. It operates in three segments: Life Insurance, Cemetery and Mortuary, and Mortgage Loans. The Life Insurance segment engages in selling and servicing certain lines of life insurance, annuity products, and accident and health insurance products. This segment also involves in funeral plans and interest-sensitive life insurance, as well as other traditional life and accident, and health insurance products. It sells its products through direct agents, brokers, and independent licensed agents. The Cemetery and Mortuary segment offers various products that include grave spaces, interment vaults, mausoleum crypts and niches, markers, caskets, flowers, and other related products. This segment also provides services, such as professional services of funeral directors, opening and closing of graves, use of chapels and viewing rooms, and use of automobiles and clothing. It sells its products and services through sales representatives. As of December 31, 2009, the segment owned 6 cemeteries and 10 mortuaries. The Mortgage Loans segment originates and underwrites residential and commercial loans for new construction, existing homes, and real estate projects primarily in Arizona, California, Florida, Hawaii, Indiana, Kansas, Oklahoma, Oregon, Texas, Utah, and Washington. The company was founded in 1965 and is headquartered in Salt Lake City, Utah..
Local.com Corp (NASDAQ:LOCM) - Local.com Corporation provides local search services on the Internet. It operates Local.com, a local business directory site that provides information on approximately 14 million local businesses. The company also provides local search services on its local syndication network of regional media sites for which it offers business directories and associated services, as well as provides sales and advertiser services. The company offers proprietary search results using its patented technologies, as well as monetizes those search results by placing sponsored listings on the search results page. Its sponsored listings comprise subscription, cost-per-click, cost-per-call, and display ads from its own direct advertisers and third-party advertiser sources. The company was formerly known as Interchange Corporation and changed its name to Local.com Corporation in November 2006. Local.com Corporation was founded in 1999 and is based in Irvine, California..
ALTISOURCE PORTFOLIO SOLUTIONS SA (NASDAQ:ASPS) - Altisource Portfolio Solutions S.A. provides services related to real estate and mortgage portfolio management, asset recovery, and customer relationship management primarily in the United States. The company operates in three segments: Mortgage Services, Financial Services, and Technology Products. The Mortgage Services segment offers residential mortgage origination and default services. It provides residential property valuation, closing and title services, default management services, and property inspection and preservation services, as well as a multi-channel real-estate marketplace for the disposition of real estate owned properties. It also offers component services, such as loan underwriting, quality control, insurance and claims processing, call center, and analytical support services. The Financial Services segment provides asset recovery management services, such as post-charge-off consumer debt collection; and customer relationship management services, including customer care and early stage collection. The Technology Products segment offers integrated technological solutions for loan servicing, vendor management, and invoice presentment. It provides REALSuite of applications consisting of REALServicing, an enterprise residential mortgage loan servicing product; REALTrans, an electronic business-to-business exchange that automates and simplifies ordering, tracking, and fulfilling of mortgage services; and REALRemit, a patented electronic invoice presentment and payment system. It also offers IT infrastructure services. Altisource Portfolio Solutions serves companies primarily in the financial services, consumer products and services, telecommunications, utilities, government, real estate, and mortgage servicing sectors. The company was incorporated in 1999 and is based in Luxembourg, Luxembourg..
Vringo Inc (AMEX:VRNG) - Vringo, Inc. provides a platform that allows users to create, download, and share mobile entertainment content in the form of video ringtones for mobile phones. By installing its application, users can create or take video, images, and slideshows from virtually anywhere, including Vringo's library of 5,000-and-counting video ringtone clips or the Web, and make it into their personal call signature. The company was founded in 2006 and is based in New York, New York..
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