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Market Maker Surveillance Report. FAZ, BQI, IAU, DRYS, NOVL, SIRI, Highest Net Sell Volume and Negative Price Friction For Thu

^{Published on 2010-12-02 19:00:35, Last Modified on 2010-12-22 19:38:53 - WOPRAI}
 

December 2, 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 2435 companies with "abnormal" market making, 3663 companies with positive Friction Factors and 1993 companies with negative Friction Factors. Here is a list of the top companies with the highest net sell volume on Thursday 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. DIREXION DAILY FINL BEAR 3X (NYSE:FAZ), OILSANDS QUEST INC (AMEX:BQI), ISHARES COMEX GOLD TRUST (NYSE:IAU), DRYSHIPS INC (NASDAQ:DRYS), NOVELL INC (NASDAQ:NOVL), SIRIUS XM RADIO INC (NASDAQ:SIRI). 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
     FAZ        $-0.860      -7.26%       17,968,615      43.81%       23,131,199      56.40%       -5,162,584      -60,030 
     BQI        $-0.010      -2.86%       566,230         17.70%       2,592,674       81.04%       -2,026,444      -2,026,444
     IAU        $-0.030      -0.26%       2,058,908       28.96%       5,049,782       71.04%       -2,990,874      -996,958
     DRYS       $-0.030      -0.57%       7,545,884       34.38%       14,394,063      65.58%       -6,848,179      -2,282,726
     NOVL       $-0.010      -0.17%       2,560,299       33.37%       5,079,435       66.20%       -2,519,136      -2,519,136
     SIRI       $-0.010      -0.72%       8,614,556       43.76%       10,849,788      55.11%       -2,235,232      -2,235,232

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 SIRI down $-0.01000 with a Friction Factor of -2,235,232 and a Net Volume of -2,235,232. That means that it takes 2,235,232 more shares of selling than buying to drop SIRI by one penny. On Monday the Market Makers allowed the stock to move down on heavier selling than buying (low negative friction).

DIREXION DAILY FINL BEAR 3X (NYSE:FAZ) - Direxion Daily Financial Bear 3x

OILSANDS QUEST INC (AMEX:BQI) - Oilsands Quest Inc., a development stage company, engages in the acquisition, exploration, and development of natural resource properties in Canada. It holds interests in the oil sands deposits in the provinces of Saskatchewan and Alberta. The company was formerly known as CanWest Petroleum Corporation and changed its name to Oilsands Quest Inc. in October 2006. Oilsands Quest Inc. was founded in 1998 and is based in Calgary, Canada.

ISHARES COMEX GOLD TRUST (NYSE:IAU) - ISHARES COMEX GOL

DRYSHIPS INC (NASDAQ:DRYS) - DryShips, Inc., through its subsidiaries, engages in the ownership and operation of drybulk carriers and drilling rigs that operate worldwide. Its drybulk fleet principally carries various drybulk commodities, including bulk items comprising coal, iron ore, and grains; and minor bulk items, such as bauxite, phosphate, fertilizers, and steel products. As of April 6, 2010, the company owned and operated a fleet of 39 drybulk carriers consisting of 7 Capesize, 28 Panamax, 2 Supramax vessels, and 2 Panamax newbuilding vessels with a combined deadweight tonnage of approximately 3.3 million dwt, as well as owned and operated 2 ultra-deep water semi-submersible drilling rigs and 4 ultra deep-water newbuilding drillships. The company was founded in 2004 and is based in Athens, Greece.

NOVELL INC (NASDAQ:NOVL) - Novell, Inc. develops, sells, and installs enterprise software that is positioned in the operating systems and infrastructure software layers of the information technology (IT) industry worldwide. The companys Open Platform Solutions segment delivers Linux and related solutions for the enterprises. Its products primarily include SUSE Linux Enterprise Server, an open source server operating system for professional deployment in heterogeneous IT environments; SUSE Linux Enterprise Desktop, a business desktop operating system; SUSE Studio that allows independent software vendors to build software appliances; and SUSE Moblin, a Linux based open source operating system. Novells Identity and Security Management segment integrates, secures, and manages IT assets. Its product line comprises Identity Manager, a data-sharing and synchronization solution; Access Manager that simplifies and safeguards online asset-sharing; SecureLogin, a directory-integrated authentication solution; Sentinel that automates the monitoring of IT effectiveness; Novell eDirectory, a platform-independent directory; and Compliance Management Platform, an integrated identity solution. The companys Systems and Resource Management segment offers products, including The Novell ZENworks, PlateSpin, and The Novell Business Service Management solutions that enable to define business and IT policies to automate the management of multiple IT resources. Novells Workgroup segment provides workgroup solutions that offer infrastructure, services, and tools, which customers require to collaborate across various devices. The company also provides technical support, training, and professional services. It has strategic alliances with Microsoft, Accenture Ltd., ACS, Dell, HP, IBM, Intel Corporation, SAP, Atos Origin, Cap Gemini, Deloitte Touche Tohmatsu, Lenovo Group Limited, and Oracle Corporation. The company was founded in 1983 and is headquartered in Waltham, Massachusetts.

SIRIUS XM RADIO INC (NASDAQ:SIRI) - Sirius XM Radio Inc. provides satellite radio services in the United States and Canada. The company offers a programming lineup of approximately 135 channels of commercial-free music, sports, news, talk, entertainment, and traffic and weather. It also provides music channels that offer music genres, ranging from rock, pop and hip-hop to country, dance, jazz, Latin, and classical; channels of sports; talk and entertainment channels; comedy channels; national, international, and financial news channels; and religious channels. As of December 31, 2009, Sirius XM Radio had 18,772,758 subscribers. In addition, it provides music services for commercial establishments; music and comedy channels to mobile phone users; and music channels and select non-music channels over the Internet; a suite of data services; services that offer graphic information; and various real-time weather services, as well as operates a television service, which provides content designed primarily for children in the backseat of vehicles. Further, the company engages in the distribution of satellite radios for use in cars, trucks, homes, offices, boats, or other locations. Sirius XM Radio distributes its satellite radios primarily through automakers, retailers, and Web sites, as well as offers to customers of rental car companies. Further, it provides home units that offer satellite services to home and commercial audio systems, and products that provide access to the Internet radio services in the home without the personal computer. The company was formerly known as Sirius Satellite Radio Inc. and changed its name to Sirius XM Radio Inc. in August 2008. Sirius XM Radio Inc. was founded in 1990 and is headquartered in New York, New York.

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REGULATORY & COMPLIANCE NEWS

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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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