Market Maker Surveillance Report. IMH, TELK, NTE, CRUS, FLML, APT, Losing Stocks With Lowest Price Friction For Monday, Januar
January 14, 2013 / M2 PRESSWIRE / BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Monday. 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 Monday there were 3951 companies with "abnormal" market making, 2838 companies with positive Friction Factors and 2606 companies with negative Friction Factors. Here is a list of the top companies with the largest percentage loss per share Monday 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. Impac Mortgage Holdings Inc (AMEX:IMH), Telik Inc (NASDAQ:TELK), Nam Tai Electronics Inc (NYSE:NTE), CIRRUS LOGIC INC (NASDAQ:CRUS), Flamel Technologies SA (NASDAQ:FLML), Alpha Pro Tech Ltd (AMEX:APT). 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 IMH $-1.150 -8.81% 59,896 37.16% 83,246 51.65% -23,350 -203 TELK $-0.770 -25.84% 792,904 43.01% 1,002,576 54.38% -209,672 -2,723 NTE $-2.000 -13.51% 825,763 33.73% 944,668 38.59% -118,905 -595 CRUS $-2.960 -9.37% 3,678,942 48.26% 3,935,933 51.63% -256,991 -868 FLML $-0.540 -11.79% 61,319 38.91% 91,681 58.17% -30,362 -562 APT $-0.210 -11.17% 150,343 27.24% 230,514 41.77% -80,171 -3,818Analysis 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 IMH with a dollar loss Monday of $-1.15000 and a Friction Factor of -203 shares. That means that it only took 203 more shares of selling than buying to move IMH 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.
Impac Mortgage Holdings Inc (AMEX:IMH) - Impac Mortgage Holdings, Inc., through its subsidiaries, engages in the provision of mortgage and real estate services in the United States. The company is involved in the mortgage lending activities, including origination, funding, selling, and servicing of loans. It also offers real estate owned surveillance and disposition services to portfolio managers and servicers to assist them with improving portfolio performance by maximizing liquidation proceeds from managing foreclosed real estate assets; default surveillance and loss recovery services for residential and multifamily mortgage portfolios; and monitoring, reconciling, and reporting services for residential and multifamily mortgage portfolios for investors and servicers. In addition, the company provides loan modification solutions to individual borrowers by interacting with loan servicers on behalf of the borrowers to assist them in lowering the monthly mortgage payments; short sale services on pre-foreclosure properties for servicers, investors, and institutions with distressed and delinquent residential and multifamily mortgage portfolios; and real estate brokerage services. Further, it is involved in collecting loan payments from loan servicers and remitting loan payments to a trustee or other purchaser; and long-term mortgage portfolio services. The company was founded in 1995 and is headquartered in Irvine, California..
Telik Inc (NASDAQ:TELK) - Telik, Inc., a clinical-stage drug development company, engages in the discovery and development of small molecule drugs to treat cancer. Its lead drug product candidate in clinical development, TELINTRA, is a small molecule glutathione analog inhibitor of the enzyme glutathione S-transferase P1-1, which is under Phase II clinical trial for the treatment of blood disorders associated with low blood cell levels, such as neutropenia or anemia. The company is also developing TELCYTA, a cancer cell-activated chemotherapeutic, which has been in multiple Phase II and Phase III trials in patients with advanced ovarian cancer, non-small cell lung cancer, colon cancer, and breast cancer. Its preclinical drug product developments include TLK60404, a small molecule compound, which inhibits both Aurora kinase and VEGFR kinase; TLK60357, a novel, small molecule inhibitor of cell division; and TLK60596, a VGFR kinase inhibitor that blocks the formation of new blood vessels in tumors. The company s product candidates are discovered using its proprietary technology, target-related affinity profiling (TRAP), which enables the discovery of small molecule product candidates. Telik, Inc. was founded in 1988 and is based in Palo Alto, California..
Nam Tai Electronics Inc (NYSE:NTE) - Nam Tai Electronics, Inc. provides electronics manufacturing and design services to the original equipment manufacturers of telecommunication and consumer electronic products. The company operates in two segments, Telecommunication Components Assembly (TCA), and Consumer Electronic and Communication Products (CECP). The TCA segment offers subassemblies and components, such as color and monochrome LCD modules for PDA phones, smart phones, mobile phones, and telephone systems; RF modules for integration into mobile phones; DAB modules for digital radio products, including home tuners, kitchen radios, in-car receivers, CD players, clock radios, boom boxes, midi-systems, and handheld portable devices; FPC subassemblies for LCD modules and electronic devices; and FPC boards for mobile phones, PDAs, office automation, and laptop computers. This segment also provides front and back light panels for handheld video game devices; high-frequency cordless telephones and home feature phones; and twisted nematic and super-twisted nematic LCD panels for applications in automotive parts and appliances. The CECP segment manufactures mobile phone accessories, such as headsets comprising Bluetooth wireless technology, snap-on portable music speakers, phone cradles, snap-on FM radio adaptors, and snap-on GPS adaptors; entertainment devices, including USB Webcams for interactive games, USB microphone and converter boxes for Karaoke, and buzzer devices for quiz games; educational products consisting of digital pens, calculators, and electronic dictionaries; and optical devices, such as CMOS imaging sensor modules for notebook computers, portable media players, and recording cameras for the automotive industry. Nam Tai Electronics, Inc. sells its products to customers in Hong Kong, North America, Europe, Japan, the People s Republic of China, and southeast Asia. The company was founded in 1975 and is headquartered in Shenzhen, the People s Republic of China..
CIRRUS LOGIC INC (NASDAQ:CRUS) - Cirrus Logic, Inc., a fabless semiconductor company, develops signal processing integrated circuits (ICs) for audio and energy markets. The company's audio products include amplifiers, codecs, converters, and audio DSPs for applications, such as smartphones, tablets, home theater equipment, automotive entertainment systems, and professional audio gear. It also provides controllers for LED lighting products, as well as high-precision analog and mixed-signal products for energy measurement and energy exploration applications. The company sells its products through direct sales force, external sales representatives, and distributors. Cirrus Logic, Inc. was founded in 1984 and is headquartered in Austin, Texas..
Flamel Technologies SA (NASDAQ:FLML) - Flamel Technologies S.A., a biopharmaceutical company, engages in the development and commercialization of controlled-release therapeutic products based on its proprietary polymer based technology in the United Kingdom, Ireland, the United States, France, and Europe. The company develops nanogel Medusa technology, which is intended to provide controlled release following injection of therapeutic proteins, peptides, and other molecules; a microparticle adaptation of the Medusa platform that is intended for use in the delivery of smaller proteins and peptides; and Micropump technology, a microparticle technology for oral administration of small molecule drugs with applications in controlled-release, taste-masking, and bioavailability enhancement; and Trigger-Lock technology, an adaptation based on Micropump technology, which is intended to minimize the misuse and abuse of medications subject to abuse. Its principal product based on Micropump technology is Coreg CR, which is intended for the treatment of moderate to severe heart failure and left ventricular dysfunction following myocardial infarction. The company s products under development based upon Medusa technology include Interferon-alpha, a naturally occurring protein that the body uses for the treatment of Hepatitis C virus and as a immune response; and FT-105, an injectable insulin formulation for diabetic patients. Its products based on its Micropump technology comprise LiquiTime for the elderly and pediatric patient patients, or others who have difficulty swallowing. The company has strategic alliance with Baxter International, Inc.; GlaxoSmithKline; Merck Serono; and Pfizer Inc, as well as has a joint development agreement with Digna Biotech, S.L. Flamel Technologies S.A. was founded in 1990 and is headquartered in Venissieux, France..
Alpha Pro Tech Ltd (AMEX:APT) - Alpha Pro Tech, Ltd. engages in the development, manufacture, and marketing of disposable protective apparel, building supply, and infection control products principally in the United States. The company s disposable protective apparel products include shoecovers, bouffant caps, gowns, coveralls, lab coats, frocks, and other miscellaneous products; building supply products comprise construction weatherization products, such as housewrap and synthetic roof underlayment products; and infection control products consist of face masks and eye shields. It offers its disposable protective apparel products, face masks, and eye shields to the industrial, cleanroom, pharmaceutical, and medical and dental markets; and construction weatherization products to construction supply and roofing distributors. The company sells its products through a network of purchasing groups, national distributors, local distributors, and independent sales representatives, as well as through its own sales and marketing force under the Alpha Pro Tech brand name, as well as under private label. Alpha Pro Tech, Ltd. was founded in 1983 and is based in Markham, Canada..
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