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Market Maker Surveillance Report. S, VZ, MET, BAC, C, QQQQ, Bearishly Biased Price Friction For Friday, November 26th 2010

^{Published on 2010-11-26 19:02:40, Last Modified on 2010-12-22 19:28:24 - WOPRAI}
 

November 26, 2010 / M2 PRESSWIRE / BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Friday. 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 Friday there were 2463 companies with "abnormal" market making, 1767 companies with positive Friction Factors and 3015 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. SPRINT NEXTEL CORP (NYSE:S), VERIZON COMMUNICATIONS INC (NYSE:VZ), METLIFE INC (NYSE:MET), BANK OF AMERICA CORP (NYSE:BAC), CITIGROUP INC (NYSE:C), POWERSHARES QQQ NASDAQ 100 (NASDAQ:QQQQ). 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
     S          $-0.030      -0.76%       9,607,409       53.66%       7,037,398       39.31%       2,570,011       Abnormal
     VZ         $-0.080      -0.25%       3,813,550       63.49%       1,858,281       30.94%       1,955,269       Abnormal
     MET        $-0.380      -0.99%       5,402,046       78.45%       1,212,690       17.61%       4,189,356       Abnormal
     BAC        $-0.110      -0.98%       26,803,094      49.42%       23,270,956      42.91%       3,532,138       Abnormal
     C          $-0.060      -1.39%       81,344,741      52.21%       71,127,062      45.65%       10,217,679      Abnormal
     QQQQ       $-0.350      -0.66%       12,280,148      52.19%       10,416,778      44.27%       1,863,370       Abnormal

Analysis of the Friction Factor chart above shows that each of the six stocks mentioned above had more buying than selling on Friday 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 QQQQ with 1,863,370 greater shares of buying than selling (NetVol) and the stock price was down $-0.35000. 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.

SPRINT NEXTEL CORP (NYSE:S) - Sprint Nextel Corporation offers wireless and wireline communications products and services to consumers, businesses, and government users in the United States, Puerto Rico, and the U.S. Virgin Islands. Its Wireless segment provides wireless mobile voice and data transmission services on networks that utilize CDMA and iDEN technologies, as well as offers fourth generation wireless services. Its 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; and wireless 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 push-to-talk services, as well as roaming services. This segment sells accessories, such as carrying cases, hands-free devices, batteries, and battery chargers, as well as devices and accessories to agents and other third-party distributors for resale. In addition, it markets its post-paid services under the Sprint and Nextel names; prepaid services under the Boost Mobile, Virgin Mobile, and Assurance Wireless names. The companys Wireline segment provides wireline voice and data communications services, including domestic and international data communications using various protocols, such as multiprotocol label switching technologies, Internet protocol (IP), asynchronous transfer mode, 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 Tier 1 IP network. Sprint Nextel was founded in 1899 and is headquartered in Overland Park, Kansas.

VERIZON COMMUNICATIONS INC (NYSE:VZ) - Verizon Communications Inc. provides communication services in the United States and internationally. It operates in two segments, Wireline and Domestic Wireless. The Wireline segment provides voice, Internet access, broadband video and data, next generation Internet protocol (IP) network services, network access, and long distance services to consumers, carriers, businesses, and government customers. The Domestic Wireless segment offers wireless voice and data products, and other value-added services, as well as sells equipment. As of December 31, 2009, the companys network covered a population of approximately 290 million and provided service to a customer base of approximately 91.2 million. It was formerly known as Bell Atlantic Corporation and changed its name to Verizon Communications Inc. in June 2000. The company was founded in 1983 and is based in New York, New York.

METLIFE INC (NYSE:MET) - MetLife, Inc., through its subsidiaries, provides insurance, employee benefits, and financial services in the United States, Latin America, the Asia Pacific, Europe, the Middle East, and India. It offers group life insurance products and services as employer-paid benefits, including variable life, universal life, and term life products, as well as employee paid supplemental life products; individual life insurance products and services comprising variable life, universal life, term life, and whole life products, as well as a range of mutual funds and other securities products; and non-medical health insurance products and services, such as dental insurance, group short- and long-term disability, individual disability income, long-term care, critical illness, and accidental death and dismemberment coverages, as well as employer-sponsored auto and homeowners insurance and administrative services-only arrangements to employers. The company also provides retirement products consisting of variable and fixed annuities for individuals and employees of corporations, and other institutions. In addition, MetLife provides an array of annuity and investment products, including guaranteed interest products and other stable value products, income annuities, and separate account contracts for the investment management of defined benefit and defined contribution plan assets, as well as offers certain products to fund postretirement benefits. Further, it offers auto insurance and homeowners insurance policies, as well as personal excess liability and coverage for recreational vehicles and boat owners; and credit insurance and endowment products. Additionally, the company funds company initiatives, various start-up entities, and run-off entities; and banking services, such as residential mortgage loans and various deposit products. The company was founded in 1868 and is based in New York, New York.

BANK OF AMERICA CORP (NYSE:BAC) - Bank of America Corporation, a financial holding company, provides banking and nonbanking financial services and products to individual consumers, small- and middle-market businesses, large corporations, and governments in the United States and internationally. The companys Deposits segment generates savings accounts, money market savings accounts, certificate of deposits, individual retirement accounts, and checking accounts; and Global Card Services segment provides the U.S. consumer and business card, consumer lending, international card and debit card services. Its Home Loans & Insurance segment offers consumer real estate products and services, including mortgage loans, reverse mortgages, home equity lines of credit, and home equity loans. It also provides property, casualty, life, disability, and credit insurance. The companys Global Banking segment offers lending products, including commercial loans and commitment facilities, real estate lending, leasing, trade finance, short-term credit, asset-based lending, and indirect consumer loans; capital management and treasury solutions, such as treasury management, foreign exchange, and short-term investing options; and investment banking services comprising debt and equity underwriting and distribution, and merger-related advisory services. Its Global Markets segment provides financial products, advisory services, financing, securities clearing, settlement, and custody services. The companys Global Wealth & Investment Management segment offers investment and brokerage services, estate management, financial planning services, fiduciary management, credit and banking expertise, and asset management products. Bank of America Corporation serves customers through a network of approximately 6,011 banking centers, 18,262 automated teller machines, telephone, and online and mobile banking channels. The company was founded in 1874 and is based in Charlotte, North Carolina.

CITIGROUP INC (NYSE:C) - Citigroup, Inc., a global financial services company, provides consumers, corporations, governments, and institutions with a range of financial products and services, including consumer banking, credit cards, corporate and investment banking, securities brokerage, and wealth management. The company has two primary segments, Citicorp and Citi Holdings. The Citicorp segment operates as a global bank for businesses and consumers with two primary businesses, Regional Consumer Banking and Institutional Clients Group. The Regional Consumer Banking business provides traditional banking services, including retail banking, branded cards, and small commercial banking in North America, Asia, Latin America, and Europe, the Middle East, and Africa. The Institutional Clients Group business provides securities and banking services, including investment banking and advisory services, lending, debt and equity sales and trading, institutional brokerage, foreign exchange, structured products, cash instruments and related derivatives, and private banking; and transaction services consisting of treasury and trade solutions, and securities and fund services. The Citi Holdings segment has three businesses: Brokerage and Asset Management, Local Consumer Lending, and Special Asset Pool. The Brokerage and Asset Management business, through its 49% stake in Morgan Stanley Smith Barney joint venture and Nikko Cordial Securities, offers retail brokerage and asset management services. The Local Consumer Lending business provides residential mortgage loans, retail partner card loans, student loans, personal loans, auto loans, commercial real estate, and other consumer loans, as well as western European cards and retail banking services. The Special Asset Pool business is a portfolio of securities, loans, and other assets. Citigroup Inc. has approximately 200 million customer accounts and operates in approximately 140 countries. The company was founded in 1812 and is based in New York, New York.

POWERSHARES QQQ NASDAQ 100 (NASDAQ:QQQQ) - NASDAQ 100 TR SER

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REGULATORY & COMPLIANCE NEWS

Friction Factor -- market maker surveillance system tracking Level II market makers in all stocks to determine Price Friction and compliance with new "Fair Market Making Requirements"

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Seasonality -- predicts probability, price move and length of move based on exact time of year for all US stocks.

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