Market Maker Surveillance Report. PAY, ONCY, JAXB, MM, OCWAW, GSFVF, Losing Stocks With Lowest Price Friction For Wednesday, F
February 20, 2013 / 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 3592 companies with "abnormal" market making, 1590 companies with positive Friction Factors and 4421 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. VeriFone Systems Inc (NYSE:PAY), ONCOLYTICS BIOTECH INC (NASDAQ:ONCY), Jacksonville Bancorp Inc (NASDAQ:JAXB), Mood Media Corp (NYSE:MM), Owens Corning (OTCBB:OCWAW), (OTC:GSFVF). 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 PAY $-8.040 -24.33% 1,326,738 31.29% 1,599,158 37.71% -272,420 -339 ONCY $-0.780 -16.70% 2,213,333 47.89% 2,408,672 52.11% -195,339 -2,504 JAXB $-0.460 -24.21% 167,613 45.10% 204,026 54.90% -36,413 -792 MM $-5.390 -37.61% 5,168,090 31.04% 5,621,412 33.76% -453,322 -841 OCWAW $-1.510 -38.23% 32,140 16.05% 141,759 70.78% -109,619 -726 GSFVF $-0.301 -16.53% 65,010 24.26% 143,486 53.55% -78,476 -2,607Analysis 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 PAY with a dollar loss Wednesday of $-8.04000 and a Friction Factor of -339 shares. That means that it only took 339 more shares of selling than buying to move PAY 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.
VeriFone Systems Inc (NYSE:PAY) - Verifone Systems, Inc. designs, markets, and services electronic payment solutions worldwide. It provides countertop electronic payment systems that accept magnetic, smart card, contactless or radio frequency identification cards, and near field communication(NFC) payment options, as well as support credit, debit, check, EBT, and pre-paid products; an array of software applications and application libraries; and mobile solutions that support CDMA, GPRS, Bluetooth, and WiFi technologies. The company also offers products for consumer-facing functionality at the point of sale; contactless/NFC payment solutions consisting of contactless readers for consumer-facing transactions for indoor and outdoor payment system solutions; and integrated electronic payment systems that combine electronic payment processing, fuel dispensing, and ECR functions, as well as payment systems for integration. In addition, it provides server-based payment processing software and middleware; a line of payment hardware and software integration modules that enable self-service solutions; retail bank branch solutions; mass transportation solutions; network access solutions; and mobile retail software. Further, the company offers equipment repair and maintenance, advertising, gateway processing, remote terminal management, software maintenance, customized application development, helpdesk, customer service, encryption or tokenization, all-in-one payment solution, and value-added cloud software offerings. It serves financial institutions, payment processors, petroleum companies, retailers, taxi fleets, transportation agencies, government organizations, healthcare and media companies, quick service restaurants, and advertisers; and distributors, resellers, system integrators, and independent sales organizations. The company was formerly known as VeriFone Holdings, Inc. and changed its name to VeriFone Systems, Inc in May 2010. VeriFone Systems, Inc. is headquartered in San Jose, California..
ONCOLYTICS BIOTECH INC (NASDAQ:ONCY) - Oncolytics Biotech Inc., a biotechnology company, focuses on the development of oncolytic viruses as potential cancers therapeutics. The company develops REOLYSIN, a human cancer therapeutic. Its clinical program includes various human trials comprising a Phase III clinical trial in head and neck cancers using REOLYSIN, its proprietary formulation of the human reovirus. Oncolytics Biotech Inc. was founded in 1998 and is headquartered in Calgary, Canada..
Jacksonville Bancorp Inc (NASDAQ:JAXB) - Jacksonville Bancorp, Inc. operates as the holding company for The Jacksonville Bank that provides various community banking services to businesses and individuals. Its deposit products include demand deposit accounts, negotiable order of withdrawal accounts, money market accounts, regular savings accounts, statement savings accounts, and term certificates of deposit, as well as retirement savings plans, such as IRAs. The company s loan portfolio comprises commercial real estate loans for owner occupied commercial properties, properties used by non-profit organizations, and commercial properties leased to third parties for investment purposes; residential real estate loans consisting of loans secured by first or second mortgages and home equity loans on one-to-four family residential properties; construction and land loans; and commercial loans. It also offers consumer loans for the purchase of automobiles, recreational vehicles, and boats, as well as home improvement loans, lines of credit, personal loans, and deposit account collateralized loans. In addition, the company provides personal and business online banking and sweep accounts, as well as investment and insurance products. As of November 14, 2012, it operated eight full-service branches in Jacksonville, Duval County, Florida, as well as a virtual branch. The company was founded in 1997 and is headquartered in Jacksonville, Florida..
Mood Media Corp (NYSE:MM) - Metal Management Inc.
Owens Corning (OTCBB:OCWAW) - Owens Corning Inc Warrant Series A 10/30/2013.
(OTC:GSFVF) - Gasfrac Energy Services Inc. operates as an oil and gas well fracturing company in Canada and the United States. The company through its technology, Liquid Petroleum Gas (LPG) Fracturing Process enables wells to be fractured with LPG, primarily propane and butane. Gasfrac Energy Services Inc. was incorporated in 2006 and is headquartered in Calgary, Canada..
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