Market Maker Surveillance Report. OTT, CMN, WSO, PRSS, KITD, DGAZ, Losing Stocks With Lowest Price Friction For Thursday, Octo
October 11, 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 4133 companies with "abnormal" market making, 2902 companies with positive Friction Factors and 2315 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. Otelco Inc (NASDAQ:OTT), Cantel Medical Corp (NYSE:CMN), Watsco Inc (NYSE:WSO), CafePress Inc (NASDAQ:PRSS), KIT digital Inc (NASDAQ:KITD), (NYSE:DGAZ). 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 OTT $-0.270 -9.68% 344,999 47.54% 380,543 52.44% -35,544 -1,316 CMN $-3.150 -11.35% 136,781 31.26% 137,882 31.51% -1,101 -3 WSO $-8.170 -10.58% 218,359 28.93% 239,497 31.73% -21,138 -26 PRSS $-1.060 -14.08% 228,199 41.07% 313,269 56.38% -85,070 -803 KITD $-0.240 -10.17% 739,015 39.04% 1,153,971 60.96% -414,956 -17,290 DGAZ $-1.610 -10.73% 191,015 36.40% 238,516 45.46% -47,501 -295Analysis 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 OTT with a dollar loss Thursday of $-0.27000 and a Friction Factor of -1,316 shares. That means that it only took 1,316 more shares of selling than buying to move OTT 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.
Otelco Inc (NASDAQ:OTT) - Otelco Inc. provides wireline telephone services to residential and business customers primarily in north central Alabama, Maine, New Hampshire, western Massachusetts, central Missouri, and southern West Virginia. It offers wireline local telephone services, which include caller identification, call waiting, call forwarding, and voicemail; long distance telephone services; communications services comprising data and voice network configurations; telephone related services, such as leasing, selling, installing, and maintaining customer premise telecommunications equipment; billing and collection services for other carriers under contract; and directory advertising services, as well as publishes local telephone directories. The company also provides network access services, such as the origination, transport, and termination of calls of long distance, wireless, and other interexchange carriers; cable television services, including basic, digital, high-definition, digital video recording, and pay per view cable television services; Internet services that comprise digital high-speed data lines, dial-up Internet access, and ancillary services, which include Web hosting and computer virus protection; and transport services consisting of the rental of fiber to transport data and other telecommunications services. As of December 31, 2009, it operated approximately 100,356 voice and data access lines; had approximately 132,324 wholesale network connections; and served approximately 4,195 cable television customers and 9,116 other Internet customers. The company was founded in 1998 and is based in Oneonta, Alabama..
Cantel Medical Corp (NYSE:CMN) - Cantel Medical Corp. provides infection prevention and control products in the healthcare market. It operates in six segments: Water Purification and Filtration, Healthcare Disposables, Dialysis, Endoscope Reprocessing, Therapeutic Filtration, and Specialty Packaging. The Water Purification and Filtration segment provides water purification equipment and services, filtration and separation products, and disinfectants for the medical, pharmaceutical, biotech, beverage, and commercial industrial markets. The Healthcare Disposables segment offers single-use, infection control products, including face masks, towels and bibs, tray covers, saliva ejectors, germicidal wipes, plastic cups, sterilization pouches, and disinfectants used principally in the dental market. The Dialysis segment provides medical device reprocessing systems, sterilants/disinfectants, dialysate concentrates, and other supplies for renal dialysis. The Endoscope Reprocessing segment offers medical device reprocessing systems, disinfectants, enzymatic detergents, and other supplies used to clean and disinfect flexible endoscopes. The Therapeutic Filtration segment provides hollow fiber membrane filtration and separation technologies for medical applications. The Specialty Packaging segment offers specialty packaging and thermal control products, as well as related compliance training, for the transport of infectious and biological specimens and thermally sensitive pharmaceutical, and other medical products. The company sells its products through its own direct distribution network, as well as through third-party distributors. It operates in the United States, Canada, Asia/Pacific, Europe, Africa, the Middle East, Latin America, and South America. Cantel Medical Corp. was founded in 1963 and is based in Little Falls, New Jersey..
Watsco Inc (NYSE:WSO) - Watsco, Inc., together with its subsidiaries, distributes air conditioning, heating and refrigeration equipment, and related parts and supplies in the United States. The company distributes residential central air conditioners; gas, electric, and oil furnaces; commercial air conditioning and heating equipment and systems; and other specialized equipment. It also distributes related parts, such as replacement compressors, evaporator coils, motors, and other component parts; and supplies, including thermostats, insulation material, refrigerants, ductwork, grills, registers, sheet metal, tools, copper tubing, concrete pads, tape, adhesives, and other ancillary supplies. As of December 31, 2010, the company operated 505 locations in 36 states and Puerto Rico serving approximately 50,000 contractors and dealers who service the replacement and new construction markets for residential and light commercial central air conditioning, as well as heating and refrigeration systems. It also exports its products to Latin America and the Caribbean. The company was founded in 1945 and is based in Coconut Grove, Florida..
CafePress Inc (NASDAQ:PRSS) - PROCESS TECHNOLOGY I.
KIT digital Inc (NASDAQ:KITD) - KIT digital, Inc., through its subsidiaries, provides cloud-based video management solutions for multi-screen delivery worldwide. It offers an end-to-end technology platform for managing Internet Protocol (IP)-based video assets across the browser, mobile device, gaming consoles, and IPTV set-top box-enabled television set to enterprise clients. The company provides creative interface design, branding, strategic planning, and technical integration services to complement its VX-branded software platform. Its KIT VX application ranges from commercial video distribution to internal corporate deployments, including corporate communications, human resources, training, security, and surveillance. KIT digitals solutions also comprise technical integration services, interface design, branding, strategic planning, creative production, online marketing, media planning, and analytics. The company, through its subsidiary, KickApps Corporation, also offers a suite of self-serve deployable social solutions that are created using a drag-and-drop Web-based toolset. Its other subsidiary, Kyte, also provides a cloud-based publishing platform that enables companies to deliver live and on-demand video experiences to Websites, mobile devices, and connected TVs. The company primarily serves a range of industries, including media and entertainment, telecommunications, retail, consumer/packaged goods, shipping/logistics, automotive, and financial services. It operates principally in Europe, the Middle East, Africa, the Asia-Pacific, and the Americas. The company was formerly known as ROO Group, Inc. and changed its name to KIT digital, Inc. in May 2008. KIT digital, Inc. was founded in 1998 and is headquartered in Prague, the Czech Republic and maintains principal offices in Atlanta, Beijing, Boston, Buenos Aires, Cairo, Cambridge (UK), Chennai, Cologne, Delhi, Dubai, Kolkata, London, Los Angeles, Melbourne (Australia), Mumbai, New York, Singapore, Sofia, Stockholm, Taipei, and Toronto..
(NYSE:DGAZ) - .
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