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Market Maker Surveillance Report. NWSA, CTAS, ESRX, EWBC, AMGN, HCBK, Bullishly Biased Price Friction For Friday, December 17t

^{Published on 2010-12-17 19:00:48, Last Modified on 2010-12-22 19:47:13 - WOPRAI}
 

December 17, 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 2571 companies with "abnormal" market making, 2768 companies with positive Friction Factors and 2348 companies with negative Friction Factors. Here is a list of the top companies with Abnormal Price Friction (bullish bias) in their stock prices. This means that there was more selling than buying in the stocks and their stock prices rose. NEWS CORP-CL A (NASDAQ:NWSA), CINTAS CORP (NASDAQ:CTAS), EXPRESS SCRIPTS INC (NASDAQ:ESRX), EAST WEST BANCORP INC (NASDAQ:EWBC), AMGEN INC (NASDAQ:AMGN), HUDSON CITY BANCORP INC (NASDAQ:HCBK). 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
     NWSA       $0.030       0.19%        4,926,337       27.18%       18,152,081      100.15%      -13,225,744     Abnormal
     CTAS       $0.190       0.65%        1,055,042       12.12%       7,633,977       87.70%       -6,578,935      Abnormal
     ESRX       $0.390       0.71%        1,732,499       20.01%       8,402,823       97.06%       -6,670,324      Abnormal
     EWBC       $0.030       0.14%        1,637,105       14.75%       9,281,120       83.64%       -7,644,015      Abnormal
     AMGN       $0.810       1.43%        6,590,700       28.77%       16,243,244      70.91%       -9,652,544      Abnormal
     HCBK       $0.020       0.16%        2,648,574       24.42%       8,187,036       75.49%       -5,538,462      Abnormal

Analysis of the Friction Factor chart above shows that each of the six stocks mentioned above had more selling than buying on Friday and their stock prices rose. 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 HCBK with 5,538,462 greater shares of selling than buying (NetVol) and the stock price was up $0.02000. This means the Market Makers were trading the stock in a way inconsistent with normal supply and demand (Economics 101); more selling than buying should cause prices to drop.

NEWS CORP-CL A (NASDAQ:NWSA) - News Corporation operates as a diversified media company worldwide. The companys Filmed Entertainment segment produces live-action and animated motion pictures for distribution and licensing in entertainment media, as well as produces and licenses television programming worldwide. Its Television segment operates approximately 27 broadcast television stations and broadcasts network programming in the United States; and develops, produces, and broadcasts television programming in Asia. The companys Cable Network Programming segment produces and licenses programming distributed through cable television systems and direct broadcast satellite operators primarily in the United States. Its Direct Broadcast Satellite Television segment distributes premium programming services via satellite and broadband directly to subscribers in Italy. The companys Magazines and Inserts segment publishes free-standing inserts, which are promotional booklets containing consumer offers distributed in the United States; and provides in-store marketing products and services, primarily to consumer packaged goods manufacturers in the United States and Canada. Its Newspapers and Information Services segment publishes The Times, The Sunday Times, The Sun, and News of the World national newspapers in the United Kingdom; approximately 146 newspapers in Australia; and metropolitan newspaper and a national newspaper in the United States, as well as offers various information services. The companys Book Publishing segment publishes English language books worldwide. Its Other segment sells advertising, sponsorships, and subscription services on the companys various digital media; and outdoor advertising space on various media, primarily in the Russian Federation and eastern Europe. This segment also provides mobile entertainment services. News Corporation was founded in 1922 and is headquartered in New York, New York.

CINTAS CORP (NASDAQ:CTAS) - Cintas Corporation provides corporate identity uniforms and related business services in the United States and Canada. The company operates through four segments: Rental Uniforms and Ancillary Products; Uniform Direct Sales; First Aid, Safety, and Fire Protection Services; and Document Management Services. The Rental Uniforms and Ancillary Products segment engages in the rental and servicing of uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other related items. It also offers restroom and hygiene products, and services. The Uniform Direct Sales segment engages in the direct sale of uniforms and related items, and branded promotional products. The First Aid, Safety, and Fire Protection Services segment offers first aid, safety, and fire protection products and services. The Document Management Services segment provides document destruction, document imaging, and document retention services. The company offers its products and services through local delivery routes and distribution network to manufacturing companies and corporations. Cintas Corporation was founded in 1968 and is based in Cincinnati, Ohio.

EXPRESS SCRIPTS INC (NASDAQ:ESRX) - Express Scripts, Inc. provides a range of pharmacy benefit management (PBM) services in North America. The companys PBM services include retail network pharmacy management and retail drug card programs; home delivery pharmacy services; specialty pharmacy services; patient care contact centers; benefit plan design and consultation; drug formulary management; compliance and therapy management programs; information reporting and analysis programs; rebate programs, electronic claims processing, and drug utilization review; consumer health and drug information; bio-pharma services, including reimbursement and customized logistics solutions; medication therapy and safety through pharmacogenomics; and assistance programs for low-income patients. It also engages in the distribution of pharmaceuticals and medical supplies to providers and clinics; fertility pharmaceuticals requiring special handling or packaging; and sample units to physicians, as well as the verification of practitioner licensure, healthcare account administration, and implementation of consumer-directed healthcare solutions. It serves HMOs, health insurers, third-party administrators, employers, union-sponsored benefit plans, workers compensation plans, government health programs, office-based oncologists, renal dialysis clinics, ambulatory surgery centers, primary care physicians, and retina specialists. Express Scripts was founded in 1986 and is headquartered in St. Louis, Missouri.

EAST WEST BANCORP INC (NASDAQ:EWBC) - East West Bancorp, Inc. operates as the holding company for East West Bank, which provides a range of personal and commercial banking services to small and medium-sized businesses, business executives, professionals, and other individuals in California. The company offers various deposit products, including personal and business checking and savings accounts, time deposits and individual retirement accounts, travelers checks, safe deposit boxes, and MasterCard and Visa merchant deposit services. It also provides residential and commercial real estate, construction, commercial, trade finance, accounts receivable, small business administration, inventory, and working capital loans. In addition, the company offers business and consumer insurance services to the southern California market, as well as provides short-term trade finance facilities primarily to the United States importers and manufacturers doing business in the Asia Pacific region. As of December 31, 2009, it operated 135 branch locations worldwide. The company was founded in 1998 and is based in Pasadena, California.

AMGEN INC (NASDAQ:AMGN) - Amgen Inc., a biotechnology medicines company, discovers, develops, manufactures, and delivers human therapeutics based on advances in cellular and molecular biology primarily in the United States, Europe, and Canada. The company markets primarily recombinant protein therapeutics in supportive cancer care, nephrology, and inflammation. Its principal products include Aranesp and EPOGEN erythropoietic-stimulating agents that stimulate the production of red blood cells; Neulasta and NEUPOGEN, which selectively stimulate the production of neutrophils, a type of white blood cell that helps the body fight infections; and Enbrel, an inhibitor of tumor necrosis factor that plays a role in the bodys response to inflammatory diseases. The company also markets other products, including Sensipar/Mimpara, a small molecule calcimimetic that lowers serum calcium levels; Vectibix, a human monoclonal antibody that binds specifically to the epidermal growth factor receptor; and Nplate, a thrombopoietin (TPO) receptor agonist that mimics endogenous TPO, the primary driver of platelet production. In addition, its lead product in mid-to-late stage development include Denosumab, a human monoclonal antibody that targets a ligand, known as RANKL, an essential regulator of osteoclasts, which is under regulatory review. It markets its products to healthcare providers, including physicians or their clinics, dialysis centers, hospitals, and pharmacies. The company has various collaborative arrangements with Pfizer Inc.; GlaxoSmithKline plc; Takeda Pharmaceutical Company Limited; Daiichi Sankyo Company, Limited; Array BioPharma Inc.; Kyowa Hakko Kirin Co. Ltd.; and Cytokinetics, Inc. Amgen Inc. was founded in 1980 and is headquartered in Thousand Oaks, California.

HUDSON CITY BANCORP INC (NASDAQ:HCBK) - Hudson City Bancorp, Inc. operates as the bank holding company for Hudson City Savings Bank that provides a range of retail banking services. It offers a range of deposit accounts, including passbook and statement savings accounts, interest-bearing transaction accounts, checking accounts, money market accounts, and time deposits, as well as IRA accounts and qualified retirement plans. The companys loan portfolio primarily comprises one-to four-family first mortgage loans for residential properties; multi-family and commercial mortgage loans; construction loans; and consumer loans, such as fixed-rate second mortgage loans and home equity credit line loans, as well as collateralized passbook loans, overdraft protection loans, automobile loans, and secured and unsecured commercial lines of credit. As of December 31, 2009, it operated 95 branches located in 17 counties throughout the State of New Jersey; 10 branch offices in Westchester County, 9 branch offices in Suffolk County, 1 branch office each in Putnam and Rockland Counties, and 6 branch offices in Richmond County; and 9 branch offices in Fairfield County, Connecticut. The company was founded in 1868 and is based in Paramus, New Jersey.

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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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