Market Maker Surveillance Report. KWK, SOL, NWY, PAMT, OGXPY, RPTTF, Losing Stocks With Lowest Price Friction For Friday, Marc
March 22, 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 3947 companies with "abnormal" market making, 2932 companies with positive Friction Factors and 2297 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. Quicksilver Resources Inc (NYSE:KWK), Soltoro Ltd (NYSE:SOL), NEW YORK & COMPANY, INC. (NYSE:NWY), Parametric Sound Corp (NASDAQ:PAMT), Ogx Petroleo e Gas Participacoes SA (OTC:OGXPY), RENEGADE PETROLEUM LTD (OTC:RPTTF). 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 KWK $-0.220 -8.84% 1,023,915 34.30% 1,412,127 47.30% -388,212 -17,646 SOL $-0.150 -8.62% 378,505 29.70% 645,713 50.67% -267,208 -17,814 NWY $-0.390 -8.62% 83,939 34.45% 86,988 35.70% -3,049 -78 PAMT $-1.610 -9.04% 260,150 40.93% 369,767 58.18% -109,617 -681 OGXPY $-0.120 -9.30% 469,445 43.23% 616,582 56.77% -147,137 -12,261 RPTTF $-0.222 -11.72% 40,340 40.85% 47,100 47.70% -6,760 -305Analysis 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 KWK with a dollar loss Friday of $-0.22000 and a Friction Factor of -17,646 shares. That means that it only took 17,646 more shares of selling than buying to move KWK 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.
Quicksilver Resources Inc (NYSE:KWK) - Quicksilver Resources Inc., an independent oil and gas company, engages in the acquisition, exploration, development, and production of onshore oil and gas in North America. The company focuses primarily on unconventional reservoirs, such as fractured shales, coal beds, and tight sands. It owns producing oil and natural gas properties principally in Texas, Colorado, Wyoming, and Montana, as well as in Alberta and British Columbia. The company primarily holds interests in assets covering an area of approximately 140,000 net acres located in the Barnett Shale, Fort Worth basin, north Texas; exploratory licenses covering an area of approximately 130,000 net acres located in the Horn River basin of northeast British Columbia; and assets covering an area of approximately 36,929 net undeveloped acres located in the Horseshoe Canyon, southern and central Alberta. As of December 31, 2011, it had total proved reserves of approximately 2.8 trillion cubic feet of natural gas equivalents. The company was founded in 1997 and is headquartered in Fort Worth, Texas..
Soltoro Ltd (NYSE:SOL) - ReneSola Ltd engages in the manufacture and sale of solar wafers and solar power products. It provides virgin polysilicon, monocrystalline and multicrystalline solar wafers, solar monocrystalline modules, and photovoltaic cells and modules. The company also offers wafer processing services. Its products are uses in residential, commercial, industrial, and other solar power generation systems. The company sells solar wafers primarily to solar cell and module manufacturers worldwide. It has operations in Asia, Europe, and North America. ReneSola Ltd was founded in 2003 and is based in Jiashan, the People s Republic of China..
NEW YORK & COMPANY, INC. (NYSE:NWY) - New York & Company, Inc., together with its subsidiaries, operates as a specialty retailer of women's fashion apparel and accessories in the United States. It provides wear-to-work, and casual apparel and accessories, including pants, dresses, jackets, knit tops, blouses, sweaters, denim, T-shirts, activewear, handbags, and jewelry. The company markets its products through a network of retail stores, as well as through nyandcompany.com, an eCommerce store under the New York & Company, Lerner, Lerner New York, New York Style, City Stretch, City Style, and NY&C brand names. As of November 28, 2012, it operated 536 retail stores in 43 states. The company, formerly known as NY & Co. Group, Inc., was founded in 1918 and is headquartered in New York, New York..
Parametric Sound Corp (NASDAQ:PAMT) - Parametric Sound Corporation, a technology company, focuses on delivering audio solutions through its HyperSound (HSS) technology platform primarily in North America, Europe, and Asia. Its HSS technology generates sound along a directional ultrasonic column. The company s HSS-3000 product line delivers directed audio solutions to customers primarily for digital signage, point-of-purchase, in-store network, and related applications. Its technology are also used in commercial and consumer markets, including kiosks, electronic gaming, computers, video gaming, televisions, home audio, health care, movies and cinema, and mobile devices. Parametric Sound Corporation markets its products to commercial customers, integrators, and value added resellers to use its sound solution in their products and services, as well as to distributors. The company is headquartered in Poway, California..
Ogx Petroleo e Gas Participacoes SA (OTC:OGXPY) - OGX Petr leo e G s Participa es S.A. engages in the exploration, production, and trading of oil and natural gas in Brazil and internationally. Its portfolio comprises 30 exploratory blocks in Brazil and 5 exploratory blocks in Colombia. The company was formerly known as Centennial Asset Participa es Corumb S.A. and changed its name to OGX Petr leo e G s Participa es S.A. in September 2007. The company was founded in 2006 and is headquartered in Rio de Janeiro, Brazil..
RENEGADE PETROLEUM LTD (OTC:RPTTF) - Renegade Petroleum Ltd. engages in the exploration and production of oil and gas in Saskatchewan and Manitoba, Canada; and North Dakota, the United States. The company was formerly known as Colonia Energy Corp. and changed its name to Renegade Petroleum Ltd. in January 2010. Renegade Petroleum Ltd. is based in Calgary, Canada..
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