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Market Maker Surveillance Report. CORT, CHLN, MBLX, SWHC, ESSX, UGAZ, Losing Stocks With Lowest Price Friction For Friday, Dec

^{Published on 2012-12-07 18:01:27 - WOPRAI}
 

December 7, 2012 / M2 PRESSWIRE / BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Friday. 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 Friday there were 4132 companies with "abnormal" market making, 2646 companies with positive Friction Factors and 2703 companies with negative Friction Factors. Here is a list of the top companies with the largest percentage loss per share Friday 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. Corcept Therapeutics Inc (NASDAQ:CORT), China Housing & Land Development Inc (NASDAQ:CHLN), Metabolix Inc (NASDAQ:MBLX), SMITH & WESSON HOLDING CORPORATION (NASDAQ:SWHC), Essex Rental Corp (NASDAQ:ESSX), (NYSE:UGAZ). 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
  CORT    $-0.210   -11.73%   602,497      44.00%    766,829      56.00%    -164,332     -7,825  
  CHLN    $-0.100   -8.55%    97,215       27.78%    252,671      72.22%    -155,456     -15,546 
  MBLX    $-0.360   -16.67%   348,096      43.68%    448,837      56.32%    -100,741     -2,798  
  SWHC    $-0.980   -9.03%    6,186,064    46.58%    7,078,309    53.29%    -892,245     -9,105  
  ESSX    $-0.340   -9.86%    43,349       45.04%    52,889       54.96%    -9,540       -281    
  UGAZ    $-2.290   -7.80%    126,037      26.08%    176,162      36.45%    -50,125      -219    

For example, the chart above shows CORT with a dollar loss Friday of $-0.21000 and a Friction Factor of -7,825 shares. That means that it only took 7,825 more shares of selling than buying to move CORT 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.

Corcept Therapeutics Inc (NASDAQ:CORT) - Corcept Therapeutics Incorporated, a pharmaceutical company, engages in the discovery and development of drugs for the treatment of severe metabolic and psychiatric disorders. The company focuses on the development of drugs for disorders that are associated irregular levels of the steroid hormone called cortisol. Its lead product includes CORLUX, a glucocorticoid receptor II (GR-II) antagonist, which is in Phase III clinical trials for the treatment of Cushing's Syndrome and for psychotic depression. The company is also developing next-generation selective GR-II receptor antagonists for the treatment of various psychiatric and metabolic disorders. In addition, Corcept Therapeutics is developing CORT 108297, a lead compound from its selective GR-II antagonists for the prevention of weight gain induced by antipsychotic medication, which is in Phase I clinical trial. It has a patent license from Stanford University for the use of GR-II antagonists, as well as has agreements with ICON Clinical Research, LP; and MedAvante, Inc. The company was founded in 1998 and is headquartered in Menlo Park, California..

China Housing & Land Development Inc (NASDAQ:CHLN) - China Housing & Land Development, Inc., through its subsidiaries, engages in the acquisition, development, management, and sale of commercial and residential real estate properties primarily in the western part of China. Its residential projects include multiple high-rise, middle-rise, and low-rise buildings, as well as a community center, commercial units, kindergarten, and other auxiliary facilities. The company also engages in land development activities, as well as provides property management services. Its customers primarily comprise first time home buyers and first time up-graders. The company was founded in 1992 and is headquartered in Xian, the Peoples Republic of China..

Metabolix Inc (NASDAQ:MBLX) - Metabolix, Inc., a bioscience company, develops and commercializes alternatives to petrochemical-based plastics, chemicals, and energy. The company offers a proprietary microbial fermentation system to produce a family of polymers known as polyhydroxyalkanoates under the Mirel name. Mirel offers biodegradability characteristics and could be used in a range of commercial applications, including products used in agriculture and horticulture, compost and organic waste diversion bags, marine and aquatic applications, consumer products, business equipment and durable goods, and general packaging materials. In addition, the company is also developing a proprietary platform technology for co-producing plastics, chemicals, and energy from crops, such as switchgrass, oilseeds, and sugarcane. It has a strategic alliance with ADM Polymer Corporation. The company was founded in 1992 and is based in Cambridge, Massachusetts..

SMITH & WESSON HOLDING CORPORATION (NASDAQ:SWHC) - Smith & Wesson Holding Corp., through its subsidiary, Smith & Wesson, offers metal processing services and manufactures firearms and handcuffs as well as apparel and sportsmens articles. Through Smith & Wesson Academy, the company provides training facilities to law enforcement personnel. Its customers include distributors, state and municipal law enforcement agencies and officers, retail accounts, and consumers worldwide. The company was founded in 1852 and is based in Springfield, Mass..

Essex Rental Corp (NASDAQ:ESSX) - Essex Rental Corp., through its subsidiary, Essex Crane Rental Corp., provides lattice-boom crawler crane and attachment rental services in North America. The company supplies cranes for construction projects related to power generation, petro-chemical, refineries, water treatment and purification, bridges, highways, hospitals, shipbuilding, offshore oil fabrication and industrial plants, and commercial construction. It owns approximately 350 cranes and attachments in its fleet. Essex Rental Corp. also provides repair and maintenance, and transportation services related to its equipment for its customers. In addition, it sells used equipment. The company was founded in 1960 and is headquartered in Buffalo Grove, Illinois..

(NYSE:UGAZ) - .

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