Market Maker Surveillance Report. RNIN, MNOV, IEP, LTBR, NOR, HGSH, Losing Stocks With Lowest Price Friction For Friday, March
March 1, 2013 / 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 3978 companies with "abnormal" market making, 2678 companies with positive Friction Factors and 2482 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. Wireless Ronin Technologies Inc (NASDAQ:RNIN), MediciNova Inc (NASDAQ:MNOV), Icahn Enterprises LP (NASDAQ:IEP), Lightbridge Corp (NASDAQ:LTBR), North Group Finance Ltd (NYSE:NOR), China Hgs Real Estate Inc (NASDAQ:HGSH). 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 RNIN $-1.210 -28.27% 814,974 48.51% 857,617 51.05% -42,643 -352 MNOV $-0.420 -12.35% 186,068 47.38% 205,870 52.42% -19,802 -471 IEP $-11.210 -15.68% 1,028,977 49.20% 1,057,956 50.58% -28,979 -26 LTBR $-0.400 -17.39% 44,970 36.95% 76,734 63.05% -31,764 -794 NOR $-0.620 -13.03% 268,720 28.63% 311,687 33.21% -42,967 -693 HGSH $-0.670 -13.19% 45,455 40.14% 64,795 57.21% -19,340 -289Analysis 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 RNIN with a dollar loss Friday of $-1.21000 and a Friction Factor of -352 shares. That means that it only took 352 more shares of selling than buying to move RNIN 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.
Wireless Ronin Technologies Inc (NASDAQ:RNIN) - Wireless Ronin Technologies, Inc., a marketing technologies company, provides content and digital media solutions to customers in retail, automotive, food services, and public space markets. The company offers RoninCast, a Web-based or hosted content delivery system that manages, schedules, and delivers digital content over wireless or wired networks. Its RoninCast X software product is built in two main software suites, the server software suite, which is a secure Web-based, distributed server that provides control over the network; and the client software suite, which bundles the software components required to operate the device players. The company also offers project planning, design, network deployment, software training, equipment, hardware configuration, content engineering/development, implementation, maintenance, and help desk support services, as well as network operations center services. In addition, it develops e-learning solutions, which are software-based instructional systems for customers primarily in sales force training applications; e-performance support systems that are interactive systems used to increase product literacy of customer sales staff; and e-marketing products to increase customer knowledge of and interaction with customer products. The company markets and sells its software and service solutions through direct sales force, as well as through strategic partnerships and business alliances primarily to automotive, food service, and retail vertical market segments in North America. Wireless Ronin Technologies, Inc. was incorporated in 2000 and is headquartered in Minnetonka, Minnesota..
MediciNova Inc (NASDAQ:MNOV) - MediciNova, Inc., a development stage biopharmaceutical company, focuses on the acquisition and development of small-molecule therapeutics for the treatment of serious diseases for the United States market. Its product pipeline consists of six clinical-stage compounds for the treatment of acute exacerbations of asthma, chronic obstructive pulmonary disease exacerbations, multiple sclerosis and other neurologic conditions, asthma, interstitial cystitis, solid tumor cancers, generalized anxiety disorder, preterm labor, and urinary incontinence, as well as two preclinical stage compounds for the treatment of thrombotic disorders. The company s primary product candidates include MN-221 for the treatment of acute exacerbations of asthma and chronic obstructive pulmonary disease exacerbations; and MN-166, which is in Phase Ib/II trials for neurological disorders. MediciNova, Inc. was founded in 2000 and is headquartered in San Diego, California..
Icahn Enterprises LP (NASDAQ:IEP) - Icahn Enterprises L.P., through its subsidiaries, engages in investment, automotive, gaming, railcar, food packaging, metals, real estate, and home fashion businesses in the United States and internationally. Its Investment segment provides investment advisory, and administrative and back office services to the investment funds. The company s Automotive segment offers powertrain energy, powertrain sealing and bearings, vehicle safety and protection, and aftermarket products for original equipment manufacturers. Icahn Enterprises L.P. s Gaming segment owns and operates casino gaming properties. It has 9 casino facilities with 7,485 slot machines, 226 table games and 6,048 hotel rooms in Nevada, Mississippi, Indiana, Louisiana, New Jersey, and Aruba. The company s Railcar segment designs, manufactures, sells, and leases hopper and tank railcars; custom designed railcar parts and other industrial products, primarily aluminum and special alloy steel castings; and provides repair and maintenance services for railcar fleets. Icahn Enterprises L.P. s Food Packaging segment produces and sells cellulosic, fibrous, and plastic casings for the processed meat and poultry industry. The company s Metals segment collects, processes, and sells ferrous and non-ferrous metals, as well as processes and distributes steel pipe and plate products. Icahn Enterprises L.P. s Real Estate segment engages in the rental of retail, office, and industrial properties; construction and sale of single-family and multi-family homes, lots in subdivisions and planned communities, and raw land for residential development; and golf and resort activities. The company s Home Fashion segment manufactures, sources, distributes, markets, and sells home fashion consumer products, including bed, bath, basic bedding, and kitchen textile products. Icahn Enterprises G.P. Inc. serves as the general partner of the company. Icahn Enterprises L.P. was founded in 1987 and is headquartered in New York, New York..
Lightbridge Corp (NASDAQ:LTBR) - Lightbridge Corporation develops nuclear fuel technology; and provides nuclear power consulting and strategic advisory services worldwide. The company operates in two segments, Nuclear Fuel Technology Business and Consulting Business. The Nuclear Fuel Technology Business segment is involved in the design and development of nuclear fuels. This segment focuses on developing fuel product lines, such as all-uranium seed and blanket fuel for existing plants; all-metal fuel for new build reactors; and thorium-based seed and blanket fuel for existing and new build reactors. The Consulting Business segment provides consulting and strategic advisory services to companies and governments planning to create or expand electricity generation capabilities using nuclear power plants. This segment provides integrated strategic advice services across a range of areas, including regulatory development, nuclear reactor site selection, procurement and deployment, reactor and fuel technology, international relations, and regulatory affairs. The company was formerly known as Thorium Power, Ltd. and changed its name to Lightbridge Corporation in September 2009. Lightbridge Corporation was founded in 1992 and is based in Tysons Corner, Virginia..
North Group Finance Ltd (NYSE:NOR) - Noranda Aluminum Holding Corporation engages in the production and sale of primary aluminum products and rolled aluminum coils in the United States. It mines, produces, and sells bauxite used for alumina production. The company refines and converts bauxite into alumina; and smelts and produces primary aluminum products in various forms, including billet, rod, high purity sow, and foundry ingot, as well as commodity grade sow. These products are used in building construction, architectural, transportation, electrical, and steel de-oxidation applications. In addition, it produces aluminum rolled products comprising heavy gauge foil products, including finstock and semi-rigid container stock, and light gauge converter foils used for packaging applications; and consumer foils and light gauge sheet products, such as transformer windings and building products. Noranda Aluminum Holding Corporation primarily sells its products to original equipment manufacturers of air conditioners, transformers, semi-rigid containers, and foil packaging industries; and other metals end-users. The company was in 2007 and is headquartered in Franklin, Tennessee..
China Hgs Real Estate Inc (NASDAQ:HGSH) - China HGS Real Estate Inc., through its subsidiary, Shaanxi Guangsha Investment and Development Group Co., Ltd., engages in the real estate development in the People s Republic of China. It is involved in the construction and sale of residential apartments, car parks, and commercial properties. The company develops commercial and residential projects, including multi-layer, sub-high-rise, and high-rise apartment buildings, as well as office buildings. China HGS Real Estate Inc. was founded in 1995 and is headquartered in Hanzhong, the People s Republic of China..
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