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BUYINS.NET: Market Maker Surveillance Report. Top 6 Highest Net Buy Volume With Lowest Price Friction Stocks For March 10, 2009
Mar 11, 2009 (M2 PRESSWIRE via COMTEX) --
BUYINS.NET, www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for March 10, 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 2,909 companies with "abnormal" market making, 5,029 companies with positive Friction Factors and 1,234 companies with negative Friction Factors. Here is a list of the top 6 companies with the highest net buy volume on Tuesday and lowest price Friction (bullish). This means that there was more buying than selling in the stocks and their stock prices rose faster with less Friction. Citigroup (NYSE: C), Bank of America (NYSE: BAC), Intel Corp (NASDAQ: INTC), Sprint Nextel (NYSE: S), Pfizer (NYSE: PFE) and Charles Schwab (NASDAQ: SCHW). 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
C $0.36 34.29% 593,825,987 54.14% 443,758,790 40.45% 150,067,197 4,168,533
BAC $1.02 27.20% 191,455,533 46.32% 173,274,807 41.92% 18,180,726 178,242
INTC $1.31 10.44% 54,278,525 58.68% 39,868,509 43.10% 14,410,016 110,000
S $0.32 10.38% 25,847,574 54.91% 16,285,400 34.60% 9,562,174 298,818
PFE $0.42 3.36% 43,345,671 45.19% 34,881,103 36.36% 8,464,568 201,537
SCHW $1.17 10.29% 14,275,430 66.38% 8,963,681 41.68% 5,311,749 45,400
Click here to view chart: http://www.buyins.com/ff/ffnvup3-10-09.jpg
Analysis of the Friction Factor chart above shows that each of the six stocks mentioned above have high net buy volumes (buy volume - sell volume) and 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 Citigroup with a Net Buy Volume of 150,067,197 shares and a Friction Factor of 4,168,533 shares. That means that it takes 4,168,533 more shares of buying than selling to move Citigroup higher by one penny. This means the Market Makers are allowing the stock to move up higher as of Tuesday (will less price friction). And with one of the highest Net Buy Volumes, the combination of price friction and high net buy volume is bullish.
Citigroup Inc. (NYSE: C), doing business as Citi, provides a range of financial products and services to consumer and corporate customers in the United States and internationally. The company operates through four segments: Global Cards, Consumer Banking, Institutional Clients Group, and Global Wealth Management. The Global Cards segment offers MasterCard, VISA, Diners Club, private label, and American Express card products, as well as engages in sales finance activities. The Consumer Banking segment involves in retail banking, consumer finance, real estate lending, and small and middle market commercial banking; and provides personal and auto loans, investment services, and Primerica financial services. As of June 30, 2008, it operated 8,300 branches. The Institutional Clients Group segment engages in various securities and banking activities, which include investment banking, debt and equity, lending, private equity, hedge funds, real estate, structured products, and managed funds. It also offers transaction services, such as cash management services, trade services, custody and fund services, clearing services, and agency and trust services. The Global Wealth Management segment's services include advisory, financial planning, brokerage, wealth management, and equity and fixed income research services. The company was founded in 1812 and is based in New York, New York.
Bank of America Corporation (NYSE: BAC), a financial holding company, provides a range of banking and nonbanking financial services and products in the United States and internationally. The company's Global Consumer and Small Business Banking segment offers savings accounts, money market savings accounts, certificate of deposits, individual retirement accounts, regular and interest-checking accounts, and debit cards; U.S. Consumer and Business Card, unsecured lending, and international card; consumer real estate products, including mortgage products for home purchase and refinancing, reverse mortgage products, and home equity products; and insurance services. Bank of America's Global Corporate and Investment Banking segment provides commercial and corporate bank loans, indirect consumer loans, real estate lending products, and leasing and asset-based lending products for banking clients, middle market commercial clients, multinational corporate clients, public and private developers, homebuilders, and commercial real estate firms; advisory services, financing, and related products for institutional investor clients in support of their investing and trading activities; debt and equity underwriting, merger-related advisory services, and risk management solutions; and treasury management, trade finance, foreign exchange, short-term credit facilities, and short-term investing options for correspondent banks, commercial real estate firms, and governments. The company's Global Wealth and Investment Management segment offers investment and brokerage services, estate management, financial planning services, fiduciary management, credit and banking expertise, and diversified asset management products to institutional clients and high-net-worth individuals. As of December 31, 2007, the company operated approximately 6,100 retail banking offices and 18,500 automated teller machines. Bank of America was founded in 1874 and is headquartered in Charlotte, North Carolina.
Intel Corporation (NASDAQ: INTC) designs, manufactures, and sells integrated circuits for computing and communications industries worldwide. It offers microprocessor products used in desktops, nettops, workstations, servers, embedded products, communications products, notebooks, netbooks, mobile Internet devices, and consumer electronics, as well as in embedded designs, such as industrial equipment, point-of-sale systems, panel PCs, automotive information/entertainment systems, and medical equipment. The company also provides chipset products that send data between the microprocessor and input, display, and storage devices, such as keyboard, mouse, monitor, hard drive, and CD or DVD drives; motherboards that has connectors for attaching devices to the bus, and contains the CPU, chipset, memory, and other components used in the desktop, workstation, and server platforms; wired and wireless connectivity products, including network adapters and embedded wireless cards used to translate and transmit data across networks; NAND flash memory products primarily used in digital audio players, memory cards, and system-level applications, such as solid-state drives; communications infrastructure products, including network processors and communications boards; and network and server storage products, as well as software products and services that enable and advance the computing ecosystem. In addition, it offers platforms that include a microprocessor, chipset, and enabling software to incorporate various components and technologies. Intel sells its products primarily to original equipment manufacturers, original design manufacturers, PC and network communications products users, and other manufacturers of industrial and communications equipment. The company was founded in 1968 and is based in Santa Clara, California.
Sprint Nextel Corporation (NYSE: S) offers wireless and wireline communications products and services to consumers, businesses, and government users in the United States and internationally. Its Wireless segment provides wireless mobile voice and data transmission services on networks that utilize CDMA and iDEN technologies. Its wireless mobile voice communications services include basic local and long distance wireless voice services, voicemail, call waiting, three way calling, caller identification, directory assistance, call forwarding, speakerphone, and voice-activated dialing features, as well as roaming services; and wireless data communications services comprise Internet access and messaging, email services, wireless photo and video offerings, and mobile entertainment applications, as well as asset and fleet management, dispatch services, and navigation tools. This segment also offers walkie-talkie services; and sells accessories, such as carrying cases, hands-free devices, batteries, and battery chargers, as well as handsets and accessories to agents and other third-party distributors for resale. In addition, it provides Sprint-branded post-paid, Boost Mobile-branded prepaid, and wholesale wireless services over the company's CDMA network in the United States, Puerto Rico, and the U.S. Virgin Islands; and Nextel-branded post-paid and Boost Mobile-branded prepaid wireless services over the iDEN network. The company's Wireline segment provides wireline voice and data communications services, including domestic and international data communications using various protocols, such as multi-protocol label switching, Internet protocol (IP), IP-based frame relay, managed network services, voice over IP, and traditional voice services. It also offers wide-area network and long distance services, as well as operates an all-digital long distance and 40 gigabyte capacity Tier 1 IP network. Sprint Nextel was founded in 1899 and is headquartered in Overland Park, Kansas.
Pfizer Inc. (NYSE: PFE) engages in the discovery, development, manufacture, and marketing of prescription medicines for humans and animals worldwide. Its Pharmaceutical segment offers Lipitor for elevated cholesterol levels in the blood; Norvasc for hypertension; Caduet for cardiovascular events; Chantix/Champix for smoking cessation; Lyrica for neuropathic pain; Geodon/Zeldox, a psychotropic agent; and Aricept for Alzheimer's disease. It also provides Celebrex for arthritis pain, and inflammation and acute pain; Vfend for esophageal candidiasis and blood stream infections; Zyvox for bacterial infections; and Selzentry/Celsentri for adults infected with only CCR5-tropic HIV-1 detectable. In addition, this segment provides Viagra for erectile dysfunction; Detrol and Toviaz for overactive bladder; Camptosar for metastatic colorectal cancer; Sutent, an oral multi-kinase inhibitor; Xalatan/Xalacom for open-angle glaucoma and ocular hypertension; and Genotropin for growth disorders. The company's Animal Health segment offers parasiticides, anti-inflammatories, antibiotics, vaccines, antiemetics, and anti-obesity agents. It also provides Revolution/Stronghold for dogs and cats; Rimadyl for pain and inflammation associated with canine osteoarthritis and soft tissue orthopedic surgery; Clavamox/Synulox for skin and soft tissue infections; RespiSureOne/StellamuneOne to prevent pneumonia in swine; Bovi-Shield Gold for reproductive and respiratory protection; Dectomax, an injectable and pour-on formulations; Draxxin, an antibiotic for infections in cattle and swine; and Excede to treat infections in dairy cows, beef cattle, and swine. Pfizer Inc. also involves in contract manufacturing and bulk pharmaceutical chemicals businesses. It serves doctors, nurse practitioners, physician assistants, pharmacists, hospitals, pharmacy benefit managers, managed care organizations, and government agencies. The company was founded in 1849 and is headquartered in New York, New York.
The Charles Schwab Corporation (NASDAQ: SCHW), through its subsidiaries, provides securities brokerage, banking, and related financial services to individual and institutional investors primarily in the United States, the United Kingdom, and Hong Kong. It provides various asset management accounts; individual retirement accounts; retirement plans for small to large businesses; 529 college savings accounts; separately managed accounts; designated brokerage accounts; equity incentive plan accounts; and margin loans, as well as access to fixed income securities, and equity and debt offerings. The company also offers first mortgages, home equity lines of credit, pledged-asset loans, certificates of deposit, demand deposit accounts, high-yield investor checking accounts linked to brokerage accounts, and credit cards. In addition, it provides third-party mutual funds, including no-load mutual funds; proprietary mutual funds; and mutual fund trading and clearing services to broker-dealers. Further, The Charles Schwab Corporation provides custodial, trading, technology, practice management, and other support services to independent investment advisors. The company was founded in 1971 and is headquartered in San Francisco, California.
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.
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