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Article Excerpt
M2 PRESSWIRE-31 March 2009-BUYINS.NET: Market Maker Surveillance Report. Top 6 Losing Stocks With Lowest Price Friction For March 30, 2009(C)1994-2009 M2 COMMUNICATIONS LTD
RDATE:31032009
BUYINS.NET, www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for March 30, 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 Monday there were 3,075 companies with "abnormal" market making, 1,245 companies with positive Friction Factors and 4,874 companies with negative Friction Factors. Here is a list of the top 6 companies with the largest dollar loss per share Monday 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. Potash Corp (NYSE: POT), Time Warner (NYSE: TWX), PetroChina (NYSE: PTR), Intercontinental Exchange (NYSE: ICE), Deutsche Bank (NYSE: DB) and Mosaic (NYSE: MOS). 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
POT -$7.11 -8.01% 4,229,110 38.25% 4,539,083 41.05% -309,973 -436
TWX -$6.99 -27.64% 7,098,914 36.83% 7,308,625 37.91% -209,711 -300
PTR -$5.81 -6.84% 283,201 25.25% 451,446 40.26% -168,245 -290
ICE -$5.36 -6.82% 756,452 34.21% 779,846 35.26% -23,394 -44
DB -$4.77 -11.30% 753,500 31.95% 882,489 37.42% -128,989 -270
MOS -$4.58 -9.73% 3,896,271 38.92% 3,901,236 38.97% -4,965 -11
Click here to view chart: http://www.buyins.com/ff/fftopl3-30-09.jpg
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 TWX with a dollar loss Monday of -$6.99 and a Friction Factor of -300 shares. That means that it only took 300 more shares of selling than buying to move TWX 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.
Potash Corporation of Saskatchewan Inc. (NYSE: POT) engages in the production and sale of fertilizers, and...
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