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BUYINS.NET: Market Maker Surveillance Report. Top 6 Abnormal Price Friction Stocks For November 18, 2008
Nov 19, 2008 (M2 PRESSWIRE via COMTEX) --
BUYINS.NET, www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for November 18, 2008. 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 3,225 companies with "abnormal" market making, 2,087 companies with positive Friction Factors and 4,017 companies with negative Friction Factors. Here is a list of the top 6 companies with the Abnormal Price Friction (unfair market) in their stock prices. This means that there was more buying than selling in the stocks and their stock prices dropped. Medtronic (NYSE: MDT), New Oriental Education & Technology (NYSE: EDU), Ctrip.com (NASDAQ: CTRP), China Petroleum & Chemical (NYSE: SNP), Lindsay Corporation (NYSE: LNN) and China Life Insurance (NYSE: LFC). 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
MDT -$4.53 -12.44% 15,638,910 45.29% 15,165,482 43.92% 473,428 Abnormal
EDU -$4.38 -8.13% 602,318 43.17% 601,691 43.13% 627 Abnormal
CTRP -$3.31 -13.99% 2,201,818 50.33% 2,023,513 46.25% 178,305 Abnormal
SNP -$2.78 -4.87% 332,281 42.66% 299,769 38.49% 32,512 Abnormal
LNN -$2.73 -6.57% 118,432 40.59% 106,811 36.61% 11,621 Abnormal
LFC -$2.72 -6.71% 694,525 42.11% 660,596 40.06% 33,929 Abnormal
Click here to view chart: http://www.buyins.com/ff/ffabnl11-18-08.jpg
Analysis of the Friction Factor chart above shows that each of the six stocks mentioned above had more buying than selling on Tuesday and their stock prices dropped. 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 Medtronic with 473,428 greater shares of buying than selling (NetVol) and the stock price was down -$4.53. This means the Market Makers we trading the stock in a way inconsistent with normal supply and demand (Economics 101); more buying than selling should cause prices to rise.
Medtronic, Inc. (NYSE: MDT) develops, manufactures, and markets medical devices worldwide. The companys Cardiac Rhythm Disease Management segment primarily offers pacemakers, implantable defibrillators, leads, ablation products, electrophysiology catheters, insertable cardiac monitors, and information systems for cardiac rhythm disease management. Its Spinal segment provides thoracolumbar, cervical, and interbody spinal devices; bone growth substitutes; and devices for vertebral compression fractures and spinal stenosis. The CardioVascular segment offers coronary and peripheral stents, and related delivery systems; endovascular stent graft systems; heart valve replacement technologies and tissue ablation systems; and open heart and coronary bypass grafting surgical products. The Neuromodulation segment provides therapeutic and diagnostic devices, including implantable neurostimulation systems, implantable drug delivery devices, and urology and gastroenterology products. The Diabetes segment offers external insulin pumps and related consumables, continuous glucose monitoring systems, and subcutaneous glucose sensors. The Surgical Technologies segment provides products to treat conditions of the ear, nose, and throat, as well as certain neurological disorders. It offers powered tissue-removal systems and other microendoscopy instruments, implantable devices, nerve monitoring systems, disposable fluid-control products, hydrocephalus shunt devices, external drainage systems, cranial fixation devices, neuroendoscopes, dura repair products, image-guided surgery systems, and a disease therapy device. The Physio-Control segment offers external defibrillators, including manual defibrillator/monitors used by hospitals and emergency response personnel, and automated external defibrillators used in commercial and public settings; and related data management solutions and support services. The company was founded in 1949 and is headquartered in Minneapolis, Minnesota.
New Oriental Education & Technology Group, Inc. (NYSE: EDU) provides private educational services based on the number of program offerings, total student enrollments, and geographic presence primarily in the Peoples Republic of China. It offers its program, service, and products in six areas: language training; test preparation; primary and secondary school; educational content, software, and other technology development and distribution; online education; and other services and products. The companys language training courses primarily consist of various types of English language training courses, and other foreign languages, including German, Japanese, French, Korean, and Spanish. It offers test preparation courses for language and entrance exams used by educational institutions in the United States, the Peoples Republic of China, and commonwealth countries. The company also operates primary and secondary schools in Yangzhou and Taixing. In addition, New Oriental Education & Technology Group develops and edits content for educational materials for language training and test preparation, such as books, software, CD-ROMs, magazines, and other periodicals. It distributes these materials through various distribution channels consisting of own classrooms and bookstores, as well as third-party distributors. Further, the company offers various online education programs on its Web site koolearn.com. Additionally, it provides consulting services to help students through the application and admission process for overseas educational institutions, as well as provides post-secondary educational programs to help students seek career opportunities. The company offers educational services under the New Oriental brand name. As of May 31, 2008, it offered education programs, services, and products through a network of 41 schools, 207 learning centers, and 22 bookstores. The company was founded in 1993 and is headquartered in Beijing, the Peoples Republic of China.
Ctrip.com International, Ltd. (NASDAQ: CTRP), together with its subsidiaries, provides travel services for hotel accommodations, airline tickets, and packaged-tours in the Peoples Republic of China. The company also offers Internet advertising and other related services. In addition, it sells travel guidebooks, which provide information for independent travelers; and VIP membership cards that allow cardholders to receive discounts from various restaurants, clubs, and bars. The company was founded in 1999 and is headquartered in Shanghai, the Peoples Republic of China.
China Petroleum & Chemical Corporation (NYSE: SNP), through its subsidiaries, operates as an integrated oil and gas, and chemical company in the Peoples Republic of China and Hong Kong. Its oil and gas operations include exploring for, developing, and producing crude oil and natural gas; transporting crude oil, natural gas by pipelines; refining crude oil into finished petroleum products; and marketing crude oil, natural gas, and refined petroleum products. As of December 31, 2007, the company had proved reserves of approximately 2,651 million barrels of oil and 6,331 billion cubic feet of natural gas. The companys chemical operations include the manufacture and marketing of chemicals for industrial uses. Its products include various petrochemical products, including basic organic chemicals, intermediates, monomers and polymers for synthetic fiber, synthetic resin, synthetic fiber, synthetic rubber, and chemical fertilizers. China Petroleum & Chemical Corporation has a strategic alliance with McDonald's Corp. to open Drive Thru restaurants at companys gas stations. The company was founded in 2000 and is based in Beijing, the Peoples Republic of China. China Petroleum & Chemical Corporation is a subsidiary of China Petrochemical Corporation.
Lindsay Corporation (NYSE: LNN) manufactures and sells automated agricultural irrigation systems that enhance or stabilize crop production while conserving water, energy, and labor. It operates in two segments, Irrigation and Infrastructure. The Irrigation segment offers center pivot and lateral move irrigation systems, as well as hose reel travelers and mini-pivots. It also produces irrigation controls, chemical injection systems, and remote monitoring and control systems; manufactures and markets repair and replacement parts for its irrigation systems and controls; and markets pivot monitoring and control systems, which include remote telemetry and a Web or personal computer hosted data acquisition and monitoring application. The Infrastructure segment offers Quickchange Moveable Barrier system that comprises T-shaped concrete barriers that are connected to form a continuous wall, a barrier transfer machine capable of moving the barrier laterally across the pavement, and the variable length barriers for accommodating curves. This system has applications in highway reconstruction, paving and resurfacing, road widening, median and shoulder construction, and tunnels and bridges repair. Lindsay also provides various equipment lease options for the moveable barrier and transfer machine used in construction applications; and outsourced manufacturing and production services, including the production of large diameter steel tubing for other companies. Further, it offers a line of redirective and non-redirective crash cushions used to enhance highway safety at locations, such as toll booths, freeway off-ramps, medians and roadside barrier ends, bridge supports, utility poles, and other fixed roadway hazards; specialty barrier products; and preformed tape and a line of road safety accessory products. Lindsay sells its products in the United States and internationally. The company was founded in 1954 and is based in Omaha, Nebraska.
China Life Insurance Company Limited (NYSE: LFC) provides life insurance and annuity products to individuals and groups in China. Its products include whole life and term life insurance, endowment insurance, and annuities. The company also offers accident, as well as long-term and short-term health insurance products. It distributes its products through its direct sales representatives, commercial banks, postal offices, insurance agencies, insurance brokerage companies, savings cooperatives, agents, and intermediaries. The company was founded in 1949 and is headquartered in Beijing, China. China Life Insurance Company Limited is a subsidiary of China Life Insurance (Group) Company.
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 2,200,000,000 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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Contact: Thomas Ronk, CEO www.BUYINS.net +1-800-715-9999 Tom@buyins.net
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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