Market Maker Surveillance Report. RAD, ELGX, AONE, DVR, MJNA, SDIR, Highest Net Sell Volume and Negative Price Friction For Th
November 1, 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 3756 companies with "abnormal" market making, 3601 companies with positive Friction Factors and 1736 companies with negative Friction Factors. Here is a list of the top companies with the highest net sell volume on Thursday and lowest negative price Friction (bearish). This means that there was more selling than buying in the stocks and their stock prices dropped faster with less Friction. Rite Aid Corp (NYSE:RAD), Endologix Inc (NASDAQ:ELGX), A123 Systems Inc (NASDAQ:AONE), Cal Dive International Inc (NYSE:DVR), Medical Marijuana Inc (OTC:MJNA), SUPERDIRECTORIES INC (OTC:SDIR). 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 RAD $-0.050 -4.31% 2,520,538 29.97% 4,457,453 52.99% -1,936,915 -387,383 ELGX $-0.230 -1.74% 285,020 16.82% 1,292,397 76.27% -1,007,377 -43,799 AONE $-0.010 -7.16% 10,860,638 46.09% 12,724,367 54.00% -1,863,729 -1,863,729 DVR $-0.030 -2.38% 733,031 17.59% 2,999,097 71.96% -2,266,066 -755,355 MJNA $-0.014 -10.37% 4,890,649 36.88% 8,208,552 61.90% -3,317,903 -2,369,931 SDIR $-0.022 -40.00% 843,482 30.58% 1,914,672 69.42% -1,071,190 -486,905Analysis of the Friction Factor chart above shows that each of the six stocks mentioned above have low price friction combined with more selling than buying (negative Net Volume) 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 RAD down $-0.05000 with a Friction Factor of -387,383 and a Net Volume of -1,936,915. That means that it takes 387,383 more shares of selling than buying to drop RAD by one penny. On Monday the Market Makers allowed the stock to move down on heavier selling than buying (low negative friction).
Rite Aid Corp (NYSE:RAD) - Rite Aid Corporation, through its subsidiaries, operates retail drugstores in the United States. The companys drugstores primarily offer pharmacy services. It provides prescription drugs and front end products, which include over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, beverages, convenience foods, greeting cards, seasonal merchandise, and various other everyday and convenience products, as well as photo processing products. The company sells its products under the Rite Aid brand. It offers its products to customers covered by third party payors, such as insurance companies, prescription benefit management companies, government agencies, private employers or other managed care providers. As of February 27, 2010, the company operated 4,780 retail drugstores in 31 states, as well as in the District of Columbia. It has a strategic alliance with GNC to operate GNC stores within Rite Aid stores. The company was founded in 1927 and is headquartered in Camp Hill, Pennsylvania..
Endologix Inc (NASDAQ:ELGX) - Endologix, Inc. develops, manufactures, markets, and sells minimally invasive treatments for aortic disorders. Its flagship product, the Powerlink System, is an endovascular stent graft for the treatment of abdominal aortic aneurysms, a weakening of the wall of the aorta, an artery in the body. The Powerlink System consists of a self-expanding cobalt chromium alloy stent cage covered with an ePTFE graft; and is implanted in the abdominal aorta, which is accessed through the femoral artery. The Powerlink System shunts away the blood flow from the weakened or aneurysmal section of the aorta, reducing pressure and potential for the aorta to rupture. The Powerlink System includes infrarenal bifurcated systems, and aortic cuffs and limb extensions; and IntuiTrak to deliver and deploy the Powerlink stent graft. Endologix, Inc. sells its products through distributors in the United States, Argentina, Brazil, Chile, Colombia, Germany, Greece, Ireland, Italy, Japan, Mexico, China, and Turkey. The company was formerly known as Radiance Medical Systems, Inc. and changed its name to Endologix, Inc. in May 2002. Endologix, Inc. was founded in 1992 and is based in Irvine, California..
A123 Systems Inc (NASDAQ:AONE) - A123 Systems, Inc., together with its subsidiaries, engages in the design, development, manufacture, and sale of rechargeable lithium-ion batteries and battery systems primarily in the United States. Its batteries and battery systems are based on its Nanophosphate technology for application development in the transportation, electric grid services, and consumer markets. The company also offers its products worldwide. It has a joint venture with SAIC Motor Co. Ltd. to develop, manufacture, and sell complete vehicle traction battery systems for use in hybrid electric vehicles, and electric vehicles in China. The company was founded in 2001 and is headquartered in Watertown, Massachusetts..
Cal Dive International Inc (NYSE:DVR) - Cal Dive International Inc., a marine contractor, provides manned diving, pipe laying, and pipe-burial services to the offshore oil and natural gas industry. The company offers saturation, surface, and mixed gas diving services. Cal Dive also provides such diving-support services as construction, inspection, maintenance, repair, and decommissioning of offshore production and pipeline infrastructure on the Gulf of Mexico Outer Continental Shelf as well as in international offshore markets, including the Mideast, southeast Asia, and Australia. Its customers include oil and natural gas producers, pipeline transmission companies, and offshore engineering and construction outfits. As of Dec. 31, 2006, Cal Dive owned and operated a fleet of 26 vessels, including 23 surface and saturation diving support vessels as well as three shallow water pipe-laying vessels. The company, which was founded in 1975, is based in Houston..
Medical Marijuana Inc (OTC:MJNA) - Medical Marijuana, Inc., a development stage company, provides a suite of solutions to medical marijuana industry operators to manage their businesses in the United States. The company offers integrated tax oversight and collection solutions to local, state, and federal governments; business management solutions; and turn-key management solutions to independent operators of medical marijuana collectives, co-ops, and dispensaries. It also focuses on providing testing and certification services, education programs, and consulting services to government and the medical marijuana industry. The company is based in Foothill Ranch, California..
SUPERDIRECTORIES INC (OTC:SDIR) - SuperDirectories, Inc., a development stage company, focuses on developing a searchable directory of selected contents from the Internet. It is designing and developing Superdirectories Web site, linking to its searchable directory of selected materials, which is its database. The companys principal product includes a searchable directory of selected topics presented on the Internet, at superdirectories.com. Its Web site provides links to major search engines to assist users to make searches through other firms search engines. The company was formerly known as LukeSmart, Inc. and changed its name to SuperDirectories, Inc. in July 2002. SuperDirectories, Inc. was founded in 1999 and is based in Merrill, New York..
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