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Market Maker Surveillance Report. PRGX, ACTG, VELT, GNK, CNIT, OCTX, Losing Stocks With Lowest Price Friction For Friday, Apri

April 19, 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 3968 companies with "abnormal" market making, 3229 companies with positive Friction Factors and 1858 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. PRGX Global Inc (NASDAQ:PRGX), Acacia Research Corp (NASDAQ:ACTG), Velti PLC (NASDAQ:VELT), Genco Shipping and Trading Ltd (NYSE:GNK), China Information Technology Inc (NASDAQ:CNIT), (OTC:OCTX). 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
  PRGX    $-1.000   -15.97%   622,736      45.65%    739,623      54.21%    -116,887     -1,169  
  ACTG    $-8.190   -27.70%   2,863,171    48.25%    3,023,442    50.95%    -160,271     -196    
  VELT    $-0.160   -9.41%    1,501,035    47.77%    1,641,181    52.23%    -140,146     -8,759  
  GNK     $-0.170   -9.50%    541,491      28.03%    603,549      31.24%    -62,058      -3,650  
  CNIT    $-0.160   -13.68%   471,975      37.99%    770,526      62.01%    -298,551     -18,659 
  OCTX    $-2.900   -31.87%   196,675      18.09%    219,562      20.19%    -22,887      -79     

Analysis 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 PRGX with a dollar loss Friday of $-1.00000 and a Friction Factor of -1,169 shares. That means that it only took 1,169 more shares of selling than buying to move PRGX 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.

PRGX Global Inc (NASDAQ:PRGX) - PRGX Global, Inc., together with its subsidiaries, provides recovery audit, healthcare claims recovery audit, and analytics and advisory services. The company s recovery audit services are based on the mining and auditing of clients purchasing data for overpayments to suppliers; and healthcare claims recovery audit services consist of identification of overpayments and underpayments made to healthcare providers, such as hospitals and physicians practices. Its analytics and advisory services focuses on client functional and process areas and provides services to senior finance executives to optimize working capital, reduce enterprise costs, transform the finance function, and enhance corporate performance. The company serves retailers, such as discount, department, specialty, grocery, and drug stores; business enterprises, including manufacturers, financial services firms, and pharmaceutical companies; private sector health insurance companies, and state and federal government payers consisting of the centers for Medicare and Medicaid Services; and federal and state government agencies. It has operations in the United States, Canada, rest of Latin America, Europe, Asia, and rest of the Pacific region. The company was formerly known as PRG-Schultz International, Inc. and changed its name to PRGX Global, Inc. in January 2010. PRGX Global, Inc. was founded in 1990 and is based in Atlanta, Georgia..

Acacia Research Corp (NASDAQ:ACTG) - Acacia Research Corporation, through its subsidiaries, acquires, develops, licenses, and enforces patented technologies in the United States. It assists patent owners with the prosecution and development of their patent portfolios; protection of their patented inventions from unauthorized use; generation of licensing revenue from users of their patented technologies; and enforcement against unauthorized users of their patented technologies. The company owns or controls the rights to approximately 200 patent portfolios, which include the United State s patents and foreign counterparts covering technologies used in various industries. Acacia Research Corporation was founded in 1992 and is based in Newport Beach, California..

Velti PLC (NASDAQ:VELT) - Velti plc engages in the provision of mobile marketing and advertising technology and solutions for brands, advertising agencies, mobile operators, and media companies in Europe, the Americas, Asia, and Africa. Its Velti mGage platform allows its customers to use mobile and traditional media, such as television, print, radio, and outdoor advertising to plan, execute, monitor, and measure mobile marketing and advertising campaigns that reach consumers through mobile Internet applications. The company s products include Velti mGage Visualize that offers the ability to track the performance of mobile, traditional, and Internet-based media campaigns; Velti mGage Reach, which manages advertising inventories and media buys for advertisers and publishers; Velti mGage Create that enables the design and development of mobile Websites, mobile portals, rich media creation, landing pages, and micro-sites through a drag and drop graphical user interface; and Velti mGage Interact, which provides customer relationship management functionality to enable brands and advertising agencies to build engagement with its customers. It also offers Velti Play that enables brands, broadcasters, and mobile operators to extend tried and tested mass-participation concepts to social media and mobile apps; and Velti mGage Measure, which offers end-to-end tracking and reporting of consumer behavior and engagement in media platforms, including traditional, online, and mobile. The company was founded in 2000 and is headquartered in Dublin, the Republic of Ireland..

Genco Shipping and Trading Ltd (NYSE:GNK) - Genco Shipping & Trading Limited engages in the ocean transportation of drybulk cargoes through the ownership and operation of drybulk carrier vessels worldwide. It transports iron ore, coal, grain, steel products, and other drybulk cargoes. The company charters its vessels primarily to trading houses, which include commodities traders; producers; and government-owned entities. Its fleet consists of 53 drybulk carriers, including 9 Capesize, 8 Panamax, 17 Supramax, 6 Handymax, and 13 Handysize drybulk carriers, with an aggregate carrying capacity of approximately 3,810,000 dwt. The company was incorporated in 2004 and is based in New York, New York..

China Information Technology Inc (NASDAQ:CNIT) - China Information Technology, Inc. provides integrated solutions for the geographic information systems (GIS), digital public security technology (DPST), digital hospital information systems (DHIS), education, media, and consumer product markets in the People s Republic of China. The company offers a portfolio of integrated solutions and services, including software development and display technologies. It provides police-use GIS platform, application interface services, and civil-use GIS, as well as Geostar, its GIS software. The company also provides DPST products comprising first responder coordination platform, a software program which integrates the contact numbers for general police, fire, traffic, and other related government organizations into one contact number; intelligent recognition systems, which store biometric information from passengers in a database, and integrates it with infrared and license plate recognition technologies to enable the automation of border control checkpoints; and residence card information management system that facilitates various social programs. In addition, it offers DHIS products, including hospital information management software and solutions, such as medical case statistics software and electronic medical case management system for building scientific and digital hospitals. The company provides its DHIS products for use in the management of hospital fiscal information, clinic information, medical technologies, equipment, and inventory, as well as hospital information. It sells its products primarily to public sector entities for use in public security, traffic control, fire control, medical rescue, border control, surveying, and mapping, as well as healthcare management. The company is headquartered in Shenzhen, the People s Republic of China..

(OTC:OCTX) - .

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REGULATORY & COMPLIANCE NEWS

Friction Factor -- market maker surveillance system tracking Level II market makers in all stocks to determine Price Friction and compliance with new "Fair Market Making Requirements"

RegSHO Naked Shorts -- tracks EVERY failure to deliver in all US stocks and tracks all Threshold Security Lists daily for which stocks have naked shorts that are not in compliance with Regulation SHO

INVESTMENTS & TRADING

SqueezeTrigger -- 29 billion cell database tracks EVERY short sale (not just total short interest) in all US stocks and calculates volume weighted price that a short squeeze will begin in each stock.

Earnings Edge -- predicts probability, price move and length of move before and after all US stock earnings reports.

Seasonality -- predicts probability, price move and length of move based on exact time of year for all US stocks.

Group Trader -- tracks sector rotation and stock correlation to its sector and predicts future moves in ALL sectors and industry groups.

Pattern Scan -- automates tracking of every technical pattern and predicts time and size of move in all stocks.

GATS (Global Automated Trading System) -- tracks all known trading strategies and qualifies and quantifies which are working best in real time.

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Contributing Sources

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