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Article Excerpt
M2 PRESSWIRE-31 March 2009-BUYINS.NET: Market Maker Surveillance Report. Highest Net Sell Volume and Negative Price Friction Stocks For March 27, 2009(C)1994-2009 M2 COMMUNICATIONS LTD
RDATE:30032009
BUYINS.NET, www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for March 27, 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 Friday there were 3,194 companies with "abnormal" market making 1,584 companies with positive Friction Factors and 4,094 companies with negative Friction Factors. Here is a list of the top 6 companies with the highest net sell volume on Friday 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. Developers Diversified Realty (NYSE: DDR), Cell Therapeutics (NASDAQ: CTIC), JP Morgan Chase (NYSE: JPM), Oracle (NASDAQ: ORCL), Yahoo (NASDAQ: YHOO) and Symantec (NASDAQ: SYMC). 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
DDR -$0.29 -11.69% 10,913,270 27.84% 25,260,758 64.43% -14,347,488 -494,741
CTIC -$0.29 -44.62% 39,067,536 45.87% 47,915,037 56.26% -8,847,501 -305,086
JPM -$1.64 -5.64% 43,104,041 39.68% 47,972,650 44.17% -4,868,609 -29,687
ORCL -$0.54 -2.89% 15,675,156 45.79% 19,293,882 56.36% -3,618,726 -67,013
YHOO -$0.12 -0.90% 9,733,679 43.40% 12,301,715 54.84% -2,568,036 -214,003
SYMC -$0.75 -4.78% 4,437,938 39.60% 6,665,761 59.48% -2,227,823 -29,704
Click here to view chart: http://www.buyins.com/ff/ffnvdn3-27-09.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 CTIC down -$0.29 with a Friction Factor of -305,086 and a Net Volume of -8,847,501. That means that it takes 305,086 more shares of selling than buying to drop CTIC by one penny. On Friday the Market Makers allowed the stock to move down on heavier selling than buying (low negative friction).
Developers Diversified Realty Corporation (NYSE: DDR) operates as a real estate investment trust (REIT)...
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