Market Maker Surveillance Report. AEZS, JRCC, FREE, CSIQ, EMAN, JKS, Losing Stocks With Lowest Price Friction For Monday, Marc
March 11, 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 4048 companies with "abnormal" market making, 2845 companies with positive Friction Factors and 2463 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. AETERNA ZENTARIS INC (NASDAQ:AEZS), James River Coal Co (NASDAQ:JRCC), FreeSeas Inc (NASDAQ:FREE), Canadian Solar Inc (NASDAQ:CSIQ), eMagin Corp (AMEX:EMAN), Jinkosolar Holding Co Ltd (NYSE:JKS). 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 AEZS $-0.590 -22.52% 2,022,262 46.80% 2,293,685 53.08% -271,423 -4,600 JRCC $-0.260 -9.32% 426,833 46.17% 497,522 53.82% -70,689 -2,719 FREE $-0.170 -9.71% 107,222 46.20% 124,841 53.80% -17,619 -1,036 CSIQ $-0.560 -15.01% 1,081,442 42.56% 1,459,707 57.44% -378,265 -6,755 EMAN $-0.360 -8.98% 35,649 31.62% 46,356 41.12% -10,707 -297 JKS $-0.800 -10.96% 123,050 29.25% 152,985 36.37% -29,935 -374Analysis 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 AEZS with a dollar loss Monday of $-0.59000 and a Friction Factor of -4,600 shares. That means that it only took 4,600 more shares of selling than buying to move AEZS 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.
AETERNA ZENTARIS INC (NASDAQ:AEZS) - Aeterna Zentaris Inc., a late-stage biopharmaceutical company, engages in the discovery, development, and commercialization of drugs for oncology and endocrine therapy primarily in the United States, Switzerland, and Japan. It provides Cetrotide, a luteinizing hormone-releasing hormone (LHRH) antagonist treatment for in vitro fertilization. The company s product pipeline includes Perifosine, an oral anticancer treatment that inhibits Akt activation in the PI3K pathway, which is in Phase III studies for the treatment of colorectal cancer and multiple myeloma, as well as in Phase II studies for the treatment of other cancers; and AEZS-108, a targeted cytotoxic peptide conjugate in Phase II studies for the treatment of endometrial, ovarian, prostate, and bladder cancer. It is also developing AEZS-130, an oral diagnostic test in Phase III trial for adult growth hormone deficiency, as well as in Phase I trial for the treatment of severe chronic diseases, such as cancer induced cachexia; and AEZS-112, which is in Phase I clinical trial for the treatment of solid tumors. In addition, its product candidates in preclinical development include AEZS-115 for the treatment of multiple cancers, benign prostatic hyperplasia (BPH), and endometriosis; AEZS-129, 131, and 132 Erk and PI3K inhibitors for oncology; AEZS-120, a vaccine for prostate cancer and melanoma; AEZS-127 for the treatment of multiple cancers; AEZS-123 to treat obesity and related pathologies; and AEZS-137 for the treatment of solid tumors. Aeterna Zentaris Inc. was founded in 1990 and is headquartered in Quebec City, Canada..
James River Coal Co (NASDAQ:JRCC) - James River Coal Company, through its subsidiaries, engages in mining, processing, and selling thermal and metallurgical coal in eastern Kentucky, southern West Virginia, and southern Indiana. It conducts its mining operations in Bell County, Bledsoe, Blue Diamond- Buckeye, Blue Diamond-Leatherwood, Hampden, McCoy Elkhorn, Laurel Mountain, and Triad mining complexes. As of December 31, 2011, the company had 8 mining complexes, including 25 underground mines, 12 surface mines, and 14 preparation plants, as well as controlled approximately 362.8 million tons of proven and probable coal reserves in Central Appalachia and Midwest regions. It sells its coal to utility, steel, and industrial markets. The company was founded in 1988 and is headquartered in Richmond, Virginia..
FreeSeas Inc (NASDAQ:FREE) - FreeSeas Inc., a drybulk shipping company, through its subsidiaries, engages in the transportation of drybulk cargoes. The company transports various drybulk commodities, including iron ore, grain, and coal, as well as bauxite, phosphate, fertilizers, steel products, cement, sugar, and rice. As of May 15, 2012, it owned and operated a fleet of six Handysize vessels and one Handymax vessel. The company was formerly known as Adventure Holdings S.A. and changed its name to FreeSeas Inc. in April 2005. FreeSeas Inc. was incorporated in 2004 and is based in Athens, Greece..
Canadian Solar Inc (NASDAQ:CSIQ) - Canadian Solar Inc., together with its subsidiaries, engages in the design, development, manufacture, and sale of solar power products in Canada and internationally. The company offers solar wafers, cells, and solar module products that convert sunlight into electricity for various uses. Its products include a range of standard solar modules for use in a range of residential, commercial, and industrial solar power generation systems. The company also designs and produces specialty solar modules and products consisting of customized solar modules that its customers incorporate into their products, such as solar-powered bus stop lighting; and specialty products, such as portable solar home systems and solar-powered car battery chargers. In addition, it sells solar system kits, a package consisting of solar modules produced by it; and third party supplied components, such as inverters, racking system, and other accessories. Further, the company implements solar power development projects; and performs the engineering design, procurement, and construction work for the solar project. Canadian Solar Inc. sells its products under the CanadianSolar brand name. The company offers its standard solar modules through a direct sales force and sales agents primarily to distributors, system integrators, and original equipment manufacturer customers, as well as to solar projects; and specialty solar modules and products to the automotive, telecommunications, and light-emitting diode lighting sectors. Canadian Solar Inc. was founded in 2001 and is headquartered in Guelph, Canada..
eMagin Corp (AMEX:EMAN) - eMagin Corporation manufactures microdisplays using organic light emitting diode (OLED) technology. It designs, develops, manufactures, and markets OLED on silicon microdisplays; virtual imaging products, which utilize OLED microdisplays; and related products. The company s products include super video graphics array (SVGA) + OLED microdisplays; super extended graphics array OLED-XL; widescreen ultra extended graphics array (WUXGA) OLED-XL; video graphics array (VGA) OLED-XL; WF05 prism optic with mounting brackets or combined with OLED microdisplays to form an optic-display module; and design reference kits, which include a microdisplay and associated electronics to help original equipment manufacturers (OEMs) evaluate microdisplay products, and to assist in building and testing new products incorporating its microdisplays. The company also provides near-eye virtual imaging modules that incorporate its OLED-on-silicon microdisplays with its lenses and electronic interfaces for integration into OEM products; and Z800 3DVisors, which enable portable computing in personal entertainment, electronic gaming, and military training and simulation applications. In addition, eMagin Corporation performs research in the OLED field. It serves OEMs in the military, industrial, medical, and consumer market sectors. The company sells its products directly in North America, Asia, and Europe; and through distributors in China and Korea. eMagin Corporation was founded in 1993 and is headquartered in Bellevue, Washington..
Jinkosolar Holding Co Ltd (NYSE:JKS) - JinkoSolar Holding Co., Ltd., together with its subsidiaries, engages in designing, developing, producing, and marketing photovoltaic products in the People s Republic of China and internationally. It offers solar modules; solar cells; mono and multi crystalline silicon ingots and silicon wafers; recovered silicon materials; solar power project development and solar system integration services; and processing services. The company sells its solar modules to distributors, project developers, system integrators, and other players in the solar power industry under the JinkoSolar brand, as well as on an original equipment manufacturer basis. JinkoSolar Holding Co., Ltd. has a strategic cooperation agreement with Jinchuan Group co.,ltd. to invest and develop a 200 MW photovoltaic solar power plant in Jinchang, Gansu Province. The company was founded in 2006 and is based in Shangrao, the People s Republic of China..
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