Market Maker Surveillance Report. QCOM, INCY, SDS, DF, VTG, TBT, Bearishly Biased Price Friction For Thursday, November 18th 2
November 18, 2010 / M2 PRESSWIRE / BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Thursday. Since October 2008 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 Thursday there were 2726 companies with "abnormal" market making, 3648 companies with positive Friction Factors and 1609 companies with negative Friction Factors. Here is a list of the top companies with Abnormal Price Friction (bearish bias) in their stock prices. This means that there was more buying than selling in the stocks and their stock prices dropped. QUALCOMM INC (NASDAQ:QCOM), INCYTE CORP (NASDAQ:INCY), PROSHARES ULTRASHORT S&P500 (NYSE:SDS), DEAN FOODS CO (NYSE:DF), VANTAGE DRILLING CO (AMEX:VTG), PROSHARES ULTRASHORT 20+Y TR (NYSE:TBT). 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 Percent Buy Volume Buy %% Sell Volume Sell %% Net Volume Friction QCOM $-0.26 -0.550% 10,524,926 51.210% 9,657,253 46.990% 867,673 Abnormal INCY $-0.31 -1.950% 1,574,878 58.260% 1,105,530 40.890% 469,348 Abnormal SDS $-0.93 -3.400% 18,749,496 51.390% 17,706,188 48.530% 1,043,308 Abnormal DF $-0.04 -0.540% 3,904,442 49.640% 3,226,213 41.020% 678,229 Abnormal VTG $-0.01 -0.590% 2,512,956 86.690% 355,874 12.280% 2,157,082 Abnormal TBT $-0.14 -0.380% 8,158,510 51.840% 7,545,931 47.950% 612,579 Abnormal
Analysis of the Friction Factor chart above shows that each of the six stocks mentioned above had more buying than selling on Thursday 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 TBT with 612,579 greater shares of buying than selling (NetVol) and the stock price was down $-0.140. This means the Market Makers were trading the stock in a way inconsistent with normal supply and demand (Economics 101); more buying than selling should cause prices to rise.
QUALCOMM INC (NASDAQ:QCOM) - QUALCOMM Incorporated engages in the development, design, manufacture, and marketing of digital wireless telecommunications products and services. The company operates in four segments: Qualcomm Code Division Multiple Access Technologies (QCT), Qualcomm Technology Licensing (QTL), Qualcomm Wireless and Internet (QWI), and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies code division multiple access (CDMA)-based integrated circuits and system software for wireless voice and data communications and multimedia functions, as well as global positioning system products based on its CDMA technology and other technologies. The QTL segment grants licenses to use portions of its intellectual property portfolio comprising patent rights useful in the manufacture and sale of certain wireless products, such as products implementing cdmaOne, CDMA2000, WCDMA, CDMA TDD, and/or OFDMA standards and their derivatives. The QWI segment comprises Qualcomm Internet Services that provides content enablement services for the wireless industry and push-to-talk and other products and services for wireless network operators; Qualcomm Government Technologies, which offers development, hardware, and analytical services to the United States government agencies involving wireless communications technologies; Qualcomm Enterprise Services that provides satellite and terrestrial-based two-way data messaging, position reporting, wireless application services, and managed data services to transportation and logistics companies and other enterprise companies; and Firethorn, which builds and manages software applications that enable financial institutions and wireless operators to offer mobile commerce services. The QSI segment makes strategic investments to promote the worldwide adoption of CDMA-based products and services. QUALCOMM primarily operates in the United States, South Korea, China, and Japan. The company was founded in 1985 and is based in San Diego, California.
INCYTE CORP (NASDAQ:INCY) - Incyte Corporation focuses on the discovery and development of proprietary small molecule drugs for hematologic and oncology indications, and for chronic inflammatory and autoimmune diseases. Its product pipe line includes INCB18424, which is in Phase III clinical trial for myelofibrosis; Phase II trial for polycythemia vera/essential thrombocythemia; Phase I/II trial to treat other hematologic tumors; and Phase IIb trail for the treatment of psoriasis. The companys portfolio also includes INCB28050, a Phase II clinical trial product for rheumatoid arthritis; INCB28060, a Phase I product for solid cancers; INCB7839, a Phase II product for breast cancer; INCB24360, an IND cleared product for oncology; and INCB13739, a Phase IIb product to treat type 2 diabetes. It has a collaborative research and license agreements with Pfizer Inc.; Novartis International Pharmaceutical Ltd.; and Eli Lilly and Company. The company was founded in 1991 and is headquartered in Wilmington, Delaware.
PROSHARES ULTRASHORT S&P500 (NYSE:SDS) - ULTRASH'T SP500 PROS
DEAN FOODS CO (NYSE:DF) - Dean Foods Company, together with its subsidiaries, operates as a food and beverage company in the United States. It manufactures, markets, and distributes various branded and private label dairy case products, including half-and-half, sour and whipping cream, dairy coffee creamers, and ice cream mix; ice cream and ice cream novelties; yogurt, cottage cheese, sour cream, and dairy-based dips; fruit juice, fruit-flavored drinks, ice tea, and water; and butter, cheese, eggs, and milk shakes. The company also offers soy related products, such as silk soymilk, cultured soy products, and soy-based beverages and food products; milk; and organic and fluid dairy products. It sells its products through internal sales force and independent brokers to the retailers, distributors, foodservice outlets, educational institutions, governmental entities, grocery stores, club stores, natural foods stores, mass merchandisers, convenience stores, and drug stores. The company was formerly known as Suiza Foods Corporation and changed its name to Dean Foods Company in December 2001. Dean Foods Company was founded in 1925 and is headquartered in Dallas, Texas.
VANTAGE DRILLING CO (AMEX:VTG) - Vantage Drilling Company provides offshore contract drilling services to multinational oil and natural gas companies, government owned oil and natural gas companies, and independent oil and natural gas producers worldwide. It involves in contracting drilling units, related equipment, and work crews to drill oil and natural gas wells, as well as offers construction supervision services. As of March 8, 2010, the companys fleet included four ultra-premium jackup rigs, three ultra-deepwater drillships, and two deepwater semisubmersibles. Vantage Drilling Company is based in Houston, Texas.
PROSHARES ULTRASHORT 20+Y TR (NYSE:TBT) - UltraShort Lehman 20+ Year Treasury ProShares
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