Market Maker Surveillance Report. POM, CSCO, JBLU, EWG, NG, EWW, Bearishly Biased Price Friction For Wednesday, December 15th
December 15, 2010 / M2 PRESSWIRE / BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Wednesday. 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 Wednesday there were 1727 companies with "abnormal" market making, 1219 companies with positive Friction Factors and 2676 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. PEPCO HOLDINGS INC (NYSE:POM), CISCO SYSTEMS INC (NASDAQ:CSCO), JETBLUE AIRWAYS CORP (NASDAQ:JBLU), ISHARES MSCI GERMANY INDEX (NYSE:EWG), NOVAGOLD RESOURCES INC (AMEX:NG), ISHARES MSCI MEXICO INVESTAB (NYSE:EWW). 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 POM $-0.090 -0.49% 2,301,906 65.70% 1,034,787 29.53% 1,267,119 Abnormal CSCO $-0.070 -0.36% 30,322,468 52.70% 28,580,214 49.67% 1,742,254 Abnormal JBLU $-0.060 -0.97% 4,721,102 74.32% 1,630,454 25.67% 3,090,648 Abnormal EWG $-0.290 -1.17% 5,860,801 63.23% 3,540,008 38.19% 2,320,793 Abnormal NG $-0.530 -3.67% 6,639,132 56.13% 4,734,564 40.03% 1,904,568 Abnormal EWW $-0.700 -1.15% 5,746,257 148.08% 675,888 17.42% 5,070,369 Abnormal
Analysis of the Friction Factor chart above shows that each of the six stocks mentioned above had more buying than selling on Wednesday 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 EWW with 5,070,369 greater shares of buying than selling (NetVol) and the stock price was down $-0.70000. 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.
PEPCO HOLDINGS INC (NYSE:POM) - Pepco Holdings, Inc. operates as a diversified energy company. It operates in two divisions, Power Delivery and Competitive Energy. The Power Delivery division engages in the transmission, distribution, and supply of electricity; and the delivery and supply of natural gas. This division owns and operates a network of transmission or distribution facilities comprising wires, substations, and other equipment. As of December 31, 2009, it delivered electricity to approximately 1.8 million customers in the mid-Atlantic region and distributed natural gas to approximately 123,000 customers in Delaware. The Competitive Energy division involves in the competitive generation, marketing, and supply of electricity and natural gas; and provision of related energy management services primarily in the mid-Atlantic region. It provides wholesale electric power, capacity, and ancillary services in the wholesale markets and supplies electricity to other wholesale market participants under long and short-term bilateral contracts. This division owned and operated mid-merit plants with a combined 2,250 megawatts (MW) of capacity, peak-load plants with a combined 722 MW of capacity, and base-load generating plants with a combined 340 MW of capacity. It also provides energy savings performance contracting services to federal, state, and local government customers, as well as retail energy supply services to commercial, industrial, and government customers; and designs, constructs, and operates combined heat and power plants, and central energy plants. In addition, this division offers high and low voltage electric construction and maintenance services; and streetlight construction and asset management services to utilities, municipalities, and other customers in the Washington, D.C. area. Further, it owned 3 landfill gas-fired electricity plants with a total generating capacity of 10 MW. The company was founded in 1896 and is based in Washington, District of Columbia.
CISCO SYSTEMS INC (NASDAQ:CSCO) - Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol (IP)-based networking and other products to the communications and IT industry worldwide. The company offers routers that interconnect public and private IP networks for mobile, data, voice, and video applications; switching systems, which provide connectivity to end users, workstations, IP phones, access points, and servers; application networking services; home networking products, such as voice and data modems, routers and gateways, Internet video cameras, home entertainment storage, wireless home audio, and home network management software; and network and content security, email, and Web security products. It also provides storage area networking products that deliver connectivity between servers and storage systems; unified communication products to integrate voice, video, data, and mobile applications on fixed and mobile networks; video systems, including digital set-top boxes and digital media products; and wireless systems. In addition, the company offers optical networking products, cable access, and service provider VoIP services; and Cisco TelePresence systems and exchange services, physical security and video surveillance, digital media systems, and building systems to manage energy efficiency. It serves enterprise businesses, public institutions, telecommunications companies, commercial businesses, and personal residences through systems integrators, service providers, resellers, distributors, and retail partners. Cisco Systems has strategic alliances with Accenture Ltd; AT&T Inc.; Cap Gemini S.A.; EMC Corporation; Fujitsu Limited; Intel Corporation; International Business Machines Corporation; Italtel SpA; Johnson Controls Inc.; Microsoft Corporation; Nokia; Nokia Siemens Networks; Oracle Corporation; SAP AG; Sprint Nextel Corporation; Tata Consultancy Services Ltd.; VMware, Inc.; and Wipro Limited. The company was founded in 1984 and is headquartered in San Jose, California.
JETBLUE AIRWAYS CORP (NASDAQ:JBLU) - JetBlue Airways Corporation provides passenger air transportation services in the United States. As of December 31, 2009, it operated 600 daily flights to 60 destinations in 20 states and Puerto Rico, and 11 countries in the Caribbean and Latin America through a fleet of 110 Airbus A320 aircrafts and 41 EMBRAER 190 aircrafts. The company, through its subsidiary, LiveTV, LLC, also provides in-flight entertainment, voice communication, and data connectivity services for commercial and general aviation aircraft, including live in-seat satellite television, digital satellite radio, wireless aircraft data link services, and cabin surveillance systems. It has a collaboration agreement with American Airlines Inc. JetBlue Airways Corporation was founded in 1998 and is based in Forest Hills, New York.
ISHARES MSCI GERMANY INDEX (NYSE:EWG) - ISHARE MSCI GERMA
NOVAGOLD RESOURCES INC (AMEX:NG) - NovaGold Resources Inc., through its subsidiaries, engages in the exploration and development of mineral resource properties in Alaska and British Columbia. It primarily explores for gold, silver, copper, zinc, and lead ores. The company was formerly known as NovaCan Mining Resources (1985) Limited and changed its name to NovaGold Resources Inc. in March 1987. NovaGold Resources Inc. was founded in 1984 and is based in Vancouver, Canada.
ISHARES MSCI MEXICO INVESTAB (NYSE:EWW) - ISHARE MSCI MEXIC
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