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BUYINS.NET: Market Maker Surveillance Report. Highest Net Sell Volume and Negative Price Friction Stocks For March 24, 2009
(M2 PressWIRE Via Acquire Media NewsEdge)
RDATE:25032009
BUYINS.NET, www.buyins.net, announced today its proprietary Market
Maker Friction Factor Report for March 24, 2009. Since late October
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 Tuesday there were 3,358 companies with "abnormal"
market making 1,960 companies with positive Friction Factors and 3,599
companies with negative Friction Factors. Here is a list of the top 6
companies with the highest net sell volume on Tuesday and lowest
negative price Friction (bearish). This means that there was more
selling than buying in the stocks and their stock prices dropped faster
with less Friction. Wells Fargo & Company (NYSE: WFC), Fifth Third
Bancorp (NASDAQ: FITB), JP Morgan Chase (NYSE: JPM), Kimco Realty
(NYSE: KIM), Duke Realty (NYSE: DRE) and United Microelectronics (NYSE:
UMC). 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 % BuyVol Buy% SellVol Sell% NetVol Friction
WFC -$1.77 -10.21% 67,357,646 40.26% 76,535,244 45.75% -9,177,598
-51,851
FITB -$0.16 -6.72% 16,092,406 43.72% 20,712,114 56.27% -4,619,708
-288,732
JPM -$2.48 -8.59% 51,522,812 38.86% 55,020,789 41.50% -3,497,977 -14,105
KIM -$0.64 -7.56% 3,300,552 31.35% 5,344,112 50.75% -2,043,560 -31,931
DRE -$0.52 -8.39% 2,165,696 31.15% 3,644,508 52.42% -1,478,812 -28,439
UMC -$0.04 -1.59% 3,661,605 34.66% 5,000,897 47.33% -1,339,292 -334,823
Click here to view chart: http://www.buyins.com/ff/ffnvdn3-24-09.jpg
Analysis of the Friction Factor chart above shows that each of the six
stocks mentioned above have low price friction combined with more
selling than buying (negative Net Volume) 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 WFC down -$1.77 with a Friction
Factor of -51,851 and a Net Volume of -9,177,598. That means that it
takes 51,851 more shares of selling than buying to drop WFC by one
penny. On Tuesday the Market Makers allowed the stock to move down on
heavier selling than buying (low negative friction).
Wells Fargo & Company (NYSE: WFC), through its subsidiaries, provides
retail, commercial, and corporate banking services principally in the
United States. The company operates through three segments: Community
Banking, Wholesale Banking, and Wells Fargo Financial. The Community
Banking segment offers deposit products, including checking accounts,
savings deposits, market rate accounts, individual retirement accounts,
time deposits, and debit cards. Its loan products include lines of
credit, equity lines and loans, equipment and transportation loans,
education loans, residential mortgage loans, and credit cards. This
segment also provides receivables and inventory financing, equipment
leases, real estate financing, small business administration financing,
venture capital financing, cash management, payroll services,
retirement plans, and merchant payment processing services. The
Wholesale Banking segment provides commercial and corporate banking
products and services, including commercial loans and lines of credit,
letters of credit, asset-based lending, equipment leasing, mezzanine
financing, high-yield debt, foreign exchange services, treasury
management, investment management, institutional fixed-income sales,
commodity and equity risk management, insurance, corporate trust
fiduciary and agency services, and investment banking services. This
segment also provides banking products for commercial real estate
market. The Wells Fargo Financial segment engages in consumer finance
and auto finance operations. Consumer finance operations make direct
consumer and real estate loans to individuals and purchase sales
finance contracts from retail merchants; and finance operations engage
in making loans secured by autos. This segment also offers credit
cards, as well as lease and other commercial financing products. As of
December 31, 2008, Wells Fargo & Company provided its services through
11,000 stores. The company was founded in 1929 and is headquartered in
San Francisco, California.
Fifth Third Bancorp (NASDAQ: FITB) operates as a diversified financial
services holding company. The company's Commercial Banking segment
offers banking, cash management, and financial services; traditional
lending and depository products and services; other services, including
foreign exchange and international trade finance, derivatives and
capital markets services, asset-based lending, real estate finance,
public finance, commercial leasing, and syndicated finance for
business, government, and professional customers. Its Branch Banking
segment provides a range of deposit and loan, and lease products to
individuals and corporations. Its products include checking and savings
accounts, home equity loans and lines of credit, and credit cards and
loans for automobile and personal financing needs. The company's
Consumer Lending segment involves in mortgage and home equity lending
activities, such as origination, retention, and servicing of mortgage
and home equity loans; other indirect lending activities, which include
loans to consumers through mortgage brokers, automobile dealers, and
federal and private student education loans. Its Investment Advisors
segment offers a range of investment alternatives for individuals,
companies, and not-for-profit organizations. This segment also offers
investment, trust, asset management, retirement planning, and custody
services, as well as retail brokerage services to individual clients
and broker dealer services to the institutional marketplace. Its Fifth
Third Processing Solutions segment offers electronic funds transfer,
debit, credit, and merchant transaction processing services; and data
processing services. As of December 31, 2008, Fifth Third Bancorp
operated 1,307 full-service banking centers, including 92 Bank Mart
locations and 2,341 ATMs in Ohio, Kentucky, Indiana, Michigan,
Illinois, Florida, Tennessee, West Virginia, Pennsylvania, Missouri,
and Georgia. The company was founded in 1862 and is headquartered in
Cincinnati, Ohio.
JPMorgan Chase & Co. (NYSE: JPM), a financial holding company, provides
a range of financial services worldwide. It operates in six segments:
Investment Bank, Commercial Banking, Treasury & Securities Services,
Asset Management, Retail Financial Services, and Card Services.
Investment Bank segment provides investment banking products and
services, including advising on corporate strategy and structure,
capital raising in equity and debt markets, risk management,
market-making in cash securities and derivative instruments, and prime
brokerage and research. It serves corporations, financial institutions,
governments, and institutional investors. Retail Financial Services
segment offers regional banking, mortgage banking, and auto finance
services that include checking and savings accounts, mortgages, home
equity and business loans, and investments through bank branches, ATMs,
online banking, and telephone banking. Card Services segment issues
credit cards and processes MasterCard and Visa payments. Commercial
Banking segment provides lending, treasury services, investment
banking, and asset management services to corporations, municipalities,
financial institutions, and not-for-profit entities. Treasury and
Securities Services segment offers transaction, investment, and
information services. It also offers cash management, trade, wholesale
card, and liquidity products and services to small and mid-sized
companies, multinational corporations, financial institutions, and
government entities. Asset Management segment provides investment and
wealth management services to institutions, retail investors, and
high-net-worth individuals. It also offers global investment management
in equities, fixed income, real estate, hedge funds, private equity,
and liquidity, including money market instruments and bank deposits;
provides trust and estate, banking, and brokerage services; and
retirement services. JPMorgan Chase & Co. was founded in 1823 and is
headquartered in New York, New York.
Kimco Realty Corporation (NYSE: KIM) is a publicly owned real estate
investment trust. The firm engages in acquisitions, development, and
management of neighborhood and community shopping centers. It also
provides property management services relating to the management,
leasing, operation, and maintenance of real estate properties. The firm
primarily invests in real estate markets across the globe with a focus
in North America. It also invests in operating properties. The firm
also provides equity and mezzanine debt to developers and owners of
commercial properties. It also makes secondary market investments
including under performing mortgage loans, secured bank debt, and
corporate securities. Kimco was formed in 1960 and is based in New Hyde
Park, New York with additional office in Mesa, Arizona; Daly City,
California; Granite Bay, California; Irvine, California; Carmichael,
California; Vista, California; Walnut Creek, California; West Hartford,
Connecticut; Largo, Florida; Margate, Florida; Sanford, Florida; Lisle,
Illinois; Rosemont, Illinois; Columbia, Maryland; Lutherville,
Maryland; Bellevue, Washington; Mesquite, Texas; Houston, Texas;
Dallas, Texas; Austin, Texas; Ardmore, Pennsylvania; Portland, Oregon;
Kettering, Ohio; Canfield, Ohio; Raleigh, North Carolina; Charlotte,
North Carolina; New York, New York; and Las Vegas, Nevada.
Duke Realty Corporation (NYSE: DRE) operates as a real estate
investment trust (REIT) in the United States. It offers leasing,
property and asset management, development, construction,
build-to-suit, and other tenant-related services. As of December 31,
2006, Duke Realty owned approximately 721 industrial, office, and
retail properties comprising 113.8 million rentable square feet, as
well as owned 6,400 acres of unencumbered land for development. The
company has elected to be taxed as REIT under the Internal Revenue
Code. As a REIT, it would not be subject to federal income tax
purposes, provided that it distributes at least 90% of its REIT taxable
income to its shareholders. The company was founded in 1972 and is
headquartered in Indianapolis, Indiana with regional offices in
Alexandria, Virginia; Atlanta, Georgia; Cincinnati, Columbus, and
Cleveland, Ohio; Chicago, Illinois; Dallas and Houston, Texas;
Minneapolis, Minnesota; Nashville, Tennessee; Orlando, Florida;
Phoenix, Arizona; Raleigh, North Carolina; St. Louis, Missouri; and
Tampa and Weston, Florida.
United Microelectronics Corporation (NYSE: UMC), together with its
subsidiaries, operates as a semiconductor foundry in Taiwan. The
company engages in the manufacture and fabrication of
semiconductors/chips/integrated circuits for fabless design companies,
integrated device manufacturers, and system companies. It also provides
subcontracted assembly and test services, as well as intellectual
property, circuit design, mask tooling, and wafer fabrication services.
The company's products are used in communication devices, consumer
electronics, and personal computer, as well as memory, networking,
telecommunications, Internet, multimedia, and graphics applications. It
distributes its products in North America, Asia, and Europe. United
Microelectronics Corporation was founded in 1980 and is based in
Hsinchu City, Taiwan.
About BUYINS.NET
WWW.BUYINS.NET is a service designed to help bonafide shareholders of
publicly traded US companies fight naked short selling. Naked short
selling is the illegal act of short selling a stock when no affirmative
determination has been made to locate shares of the stock to
hypothecate in connection with the short sale. Buyins.net has built a
proprietary database that uses Threshold list feeds from NASDAQ, AMEX
and NYSE to generate detailed and useful information to combat the
naked short selling problem. For the first time, actual trade by trade
data is available to the public that shows the attempted size, actual
size, price and average value of short sales in stocks that have been
shorted and naked shorted. This information is valuable in determining
the precise point at which short sellers go out-of-the-money and start
losing on their short and naked short trades.
BUYINS.NET has built a massive database that collects, analyzes and
publishes a proprietary SqueezeTrigger for each stock that has been
shorted. The SqueezeTrigger database of nearly 2,500,000,000 short sale
transactions goes back to January 1, 2005 and calculates the exact
price at which the Total Short Interest is short in each stock. This
data was never before available prior to January 1, 2005 because the
Self Regulatory Organizations (primary exchanges) guarded it
aggressively. After the SEC passed Regulation SHO, exchanges were
forced to allow data processors like Buyins.net to access the data.
The SqueezeTrigger database collects individual short trade data on
over 7,000 NYSE, AMEX and NASDAQ stocks and general short trade data on
nearly 8,000 OTCBB and PINKSHEET stocks. Each month the database grows
by approximately 50,000,000 short sale transactions and provides
investors with the knowledge necessary to time when to buy and sell
stocks with outstanding short positions. By tracking the size and price
of each month's short transactions, BUYINS.NET provides institutions,
traders, analysts, journalists and individual investors the exact price
point where short sellers start losing money and a short squeeze can
begin.
All material herein was prepared by BUYINS.NET, based upon information
believed to be reliable. The information contained herein is not
guaranteed by BUYINS.NET to be accurate, and should not be considered
to be all-inclusive. The companies that are discussed in this opinion
have not approved the statements made in this opinion. None of the
companies in this report have paid to be included in this report. From
time to time we will mention a company that may have previously paid
$995 per month for market data purchased from BUYINS.NET. This opinion
contains forward-looking statements that involve risks and
uncertainties. This material is for informational purposes only and
should not be construed as an offer or solicitation of an offer to buy
or sell securities. BUYINS.NET is not a licensed broker, broker dealer,
market maker, investment banker, investment advisor, analyst or
underwriter. Please consult a broker before purchasing or selling any
securities viewed on or mentioned herein. BUYINS.NET will not advise as
to when it decides to sell and does not and will not offer any opinion
as to when others should sell; each investor must make that decision
based on his or her judgment of the market.
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to differ materially from those projected in the forward-looking
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annual report on Form 10-K or 10-KSB and other filings made by such
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CONTACT: Thomas Ronk, CEO, BUYINS.NET
Tel: +1 800 715 9999
e-mail: Tom@buyins.net
WWW: http://www.buyins.net
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