Market Maker Surveillance Report. SCHS, IPXL, DWCH, GENE, AVEO, MLNX, Losing Stocks With Lowest Price Friction For Wednesday,
November 28, 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 4135 companies with "abnormal" market making, 3009 companies with positive Friction Factors and 2277 companies with negative Friction Factors. Here is a list of the top companies with the largest percentage loss per share Wednesday 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), IMPAX LABORATORIES, INC. (NASDAQ:IPXL), Datawatch Corp (NASDAQ:DWCH), Genetic Technologies Ltd (NASDAQ:GENE), Aveo Pharmaceuticals Inc (NASDAQ:AVEO), Mellanox Technologies Ltd (NASDAQ:MLNX). 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 $-0.170 -10.69% 221,726 25.75% 634,936 73.75% -413,210 -24,306 IPXL $-2.080 -10.16% 406,576 49.38% 415,516 50.46% -8,940 -43 DWCH $-2.490 -14.40% 64,053 35.95% 113,720 63.83% -49,667 -199 GENE $-0.270 -10.80% 163,828 49.13% 168,328 50.48% -4,500 -167 AVEO $-0.630 -8.86% 600,414 47.21% 669,523 52.64% -69,109 -1,097 MLNX $-8.480 -10.05% 1,274,052 47.99% 1,362,003 51.31% -87,951 -104Analysis 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 Wednesday of $-0.17000 and a Friction Factor of -24,306 shares. That means that it only took 24,306 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..
IMPAX LABORATORIES, INC. (NASDAQ:IPXL) - Impax Laboratories, Inc., a specialty pharmaceutical company, engages in the development and commercialization of bioequivalent and brand-name pharmaceuticals. It operates in two divisions, Global Pharmaceuticals and Impax Pharmaceutical. The Global Pharmaceuticals division develops, manufactures, sells, and distributes generic pharmaceutical products. It offers generic pharmaceutical prescription products directly to wholesalers and retail drug chains; and generic pharmaceutical over-the-counter and prescription products through unrelated third-party pharmaceutical entities. The Impax Pharmaceutical division develops proprietary brand pharmaceutical products that address central nervous system disorders, including Alzheimers disease, attention deficit hyperactivity disorder, depression, epilepsy, migraines, multiple sclerosis, Parkinsons disease, and schizophrenia. As of February 15, 2010, the company marketed 83 generic pharmaceuticals representing dosage variations of 26 different pharmaceutical compounds through its Global Pharmaceuticals Division, as well as 16 products representing dosage variations of 4 different pharmaceutical compounds through its alliance agreements partners. Impax Laboratories markets and sells its generic pharmaceutical prescription drug products in the continental United States and the Commonwealth of Puerto Rico. It has alliance agreements with Teva Pharmaceuticals Curacao N.V., Wyeth, Schering-Plough Corporation, and Putney Inc. The company was founded in 1993 and is headquartered in Hayward, California..
Datawatch Corp (NASDAQ:DWCH) - Datawatch Corporation designs, develops, markets, and distributes business computer software products in the United States and the United Kingdom. Its products include Monarch that transforms structured text files into a live database that users can sort, filter, summarize, graph, and export to other applications; Monarch Data Pump, which provides information delivery and data extract, transform, and load capabilities in one automated solution; Monarch BI Server, an out-of-the-box Web-based business intelligence solution; Monarch RMS, a Web-based report mining and analysis solution that integrates with enterprise record management, document, or content management archiving solutions; and Datawatch ES, an enterprise business intelligence system offering Web-enabled report management, mining, and distribution, as well as data analysis and MS Excel integration. The company also provides Datawatch BDS, a document archive system that stores text, as well as images, intelligent data streams, and unstructured content with file compression and encryption; Datawatch MailManager, an email management solution that provides lifecycle, compliance, and storage management for Microsoft Exchange environments; Datawatch Dashboards, a fully interactive dashboard solution; Visual Insight, a performance management solution that offers key performance indicator reporting, as well as workflow and knowledge base portals; Visual QSM, an Internet-enabled IT service management system; Visual Help Desk, an enterprise-wide support solution supporting an organizations IT infrastructure; and VorteXML software that converts structured text output generated from various systems into valid XML for Web services using DTD or XDR schema without programming. Datawatch Corporation sells products through internal and external sales force, value-added partners, system integrators, distributors, and national resellers. The company was founded in 1985 and is headquartered in Chelmsford, Massachusetts..
Genetic Technologies Ltd (NASDAQ:GENE) - Genetic Technologies Limited operates as a life science company, specializing in the fields of genetics and genomics primarily in Australia. The company provides genetic testing services to human beings for disease susceptibility, parentage, individual identity, forensics, and sports performance; animals, such as dogs, horses, birds, alpacas, exotics, and zoo animals for parentage, pedigree, traits, and disease susceptibility; and plants for traits and disease susceptibility. It also offers canine reproductive services, as well as involves in licensing its non-coding DNA patents. In addition, the company offers BREVAGen, a diagnostic test that informs clinicians and patients about individual, non-familial, sporadic risk of breast cancer for women where a breast biopsy outcome is indeterminate. The company was formerly known as Duketon Goldfields N.L. and changed its name to Genetic Technologies Limited in August 2000. Genetic Technologies Limited was incorporated in 1987 and is based in Fitzroy, Australia..
Aveo Pharmaceuticals Inc (NASDAQ:AVEO) - AVEO Pharmaceuticals, Inc., a biopharmaceutical company, engages in the discovery and development of cancer therapeutics. The companys lead product candidate, Tivozanib (AV-951), is a novel, highly potent and selective oral inhibitor of the vascular endothelial growth factor, or VEGF, receptors 1, 2, and 3. It is also leading the clinical development of AV-299, which includes conducting multiple Phase I clinical trials and preparing for the conduct of multiple Phase II clinical trials. The companys product candidate in preclinical development is AV-203, a potent ErbB3 antibody that has demonstrated efficacy in vivo. It has strategic partnerships with OSI Pharmaceuticals, Inc., Merck, and Biogen Idec, Inc. AVEO Pharmaceuticals was formerly known as GenPath Pharmaceuticals, Inc. and changed its name to AVEO Pharmaceuticals, Inc. in March 2005. The company was founded in 2001 and is based in Cambridge, Massachusetts..
Mellanox Technologies Ltd (NASDAQ:MLNX) - Mellanox Technologies, Ltd., a fabless semiconductor company, engages in the design, development, marketing, and sale of interconnect products based on semiconductor integrated circuits (ICs) in North America, Israel, Europe, and Asia. The companys products primarily focus on computing, storage, and communication applications used in enterprise data centers, computing, and embedded systems. It provides solutions based on InfiniBand, including host channel adapter (HCA), switch and gateway ICs, adapter cards, switch and gateway systems, and software. The company offers adapters to server, storage, communications infrastructure, and embedded systems original equipment manufacturers (OEMs) as ICs or standard card form factors with PCI-X or PCI Express interfaces; and InfiniBand switch ICs, which are used by server, storage, communications infrastructure, and embedded systems OEMs to create switching equipment. Its semiconductor-based interconnect products facilitate data transmission between servers, communications infrastructure equipment, and storage systems. The company sells its products through direct sales force, as well as through a network of domestic and international sales representatives, and independent distributors. Mellanox Technologies was incorporated in 1999 and is headquartered in Yokneam, Israel..
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