Market Maker Surveillance Report. SLV, RHHBY, MDT, WFR, EFA, TZA, Bearishly Biased Price Friction For Tuesday, December 21st 2
December 21, 2010 / M2 PRESSWIRE / BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Tuesday. 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 Tuesday there were 2544 companies with "abnormal" market making, 3563 companies with positive Friction Factors and 1979 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. ISHARES SILVER TRUST (NYSE:SLV), ROCHE HOLDINGS LTD-SPONS ADR (OTC:RHHBY), MEDTRONIC INC (NYSE:MDT), MEMC ELECTRONIC MATERIALS (NYSE:WFR), ISHARES MSCI EAFE INDEX FUND (NYSE:EFA), DIREXION DLY SM CAP BEAR 3X (NYSE:TZA). 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 SLV $-0.080 -0.28% 8,062,706 54.24% 6,966,466 46.86% 1,096,240 Abnormal RHHBY $-0.030 -0.08% 918,304 55.43% 151,087 9.12% 767,217 Abnormal MDT $-0.700 -1.86% 5,770,866 49.54% 5,043,390 43.30% 727,476 Abnormal WFR $-0.240 -2.15% 3,650,084 51.87% 2,999,859 42.63% 650,225 Abnormal EFA $-0.070 -0.12% 9,854,801 53.28% 8,640,271 46.71% 1,214,530 Abnormal TZA $-0.530 -3.34% 9,031,835 51.99% 8,399,760 48.35% 632,075 Abnormal
Analysis of the Friction Factor chart above shows that each of the six stocks mentioned above had more buying than selling on Tuesday 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 TZA with 632,075 greater shares of buying than selling (NetVol) and the stock price was down $-0.53000. 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.
ISHARES SILVER TRUST (NYSE:SLV) - ISHARES SILVER TRUST
ROCHE HOLDINGS LTD-SPONS ADR (OTC:RHHBY) - Roche Holding Ltd operates in the fields of pharmaceuticals and diagnostics worldwide. It discovers, develops, and provides diagnostic and therapeutic products and services that enable patients and healthcare professionals in the early detection, prevention, diagnosis, and treatment of diseases. The company provides in-vitro diagnostics and drugs for cancer, transplantation, and virology. Roche Holding also offers products for the therapeutic areas, including autoimmune diseases, inflammatory diseases, metabolic disorders, and diseases of the central nervous system. In addition, the company develops, manufactures, and commercializes pharmaceutical products in the areas of oncology, immunology, tissue growth and repair, neuroscience, renal anemia, ophthalmology, cardiology, and hematology. Further, it supplies an array of instruments, specific reagents, and test kits for use in the research market; develops and commercializes sensitive instrument systems and tests to detect viruses and other pathogens in patient samples and in donated blood, tissues, and organs; supplies point-of-care testing products; offers automated diagnostic systems to the anatomical pathology market; and diabetes care products. The company sells its products and services to healthcare professionals, hospitals, reference laboratories, and public and private healthcare payers. It has a research partnership agreement with Institut Curie to develop therapies to treat certain forms of aggressive breast cancers; and a strategic alliance with Galapagos NV to develop therapies for chronic obstructive pulmonary disease. Roche Holding was founded in 1896 and is headquartered in Basel, Switzerland.
MEDTRONIC INC (NYSE:MDT) - Medtronic, Inc. develops, manufactures, and sells device-based medical therapies worldwide. Its Cardiac Rhythm Disease Management segment offers cardiac pacemakers, implantable defibrillators, cardiac resynchronization therapy devices, atrial fibrillation products, leads, ablation products, electrophysiology catheters, information systems, diagnostics and monitoring products, and patient management tools. The companys Spinal segment offers thoracolumbar, cervical, and interbody spinal devices; bone growth substitutes; and devices for vertebral compression fractures and spinal stenosis. Its CardioVascular segment offers coronary and peripheral stents and related delivery systems, endovascular stent graft systems, distal embolic protection systems, perfusion systems, positioning and stabilization systems, products for the repair and replacement of heart valves, and surgical ablation products, as well as balloon angioplasty catheters, guide catheters, guidewires, diagnostic catheters, and accessories. The companys Neuromodulation segment offers neurostimulators, implantable drug delivery systems, deep brain stimulation systems, and urology and gastroenterology devices. Its Diabetes segment offers external insulin pumps, continuous glucose monitors, carelink therapy management software, and blood glucose meters. The companys Surgical Technologies segment offers tissue-removal systems, surgical drill systems, fluid-control products, cranial fixation devices, nerve monitoring systems, image-guided surgery systems, intra-operative imaging systems, a Mnires disease therapy device, and a portfolio of products to treat benign snoring and obstructive sleep apnea. Its Physio-Control segment offers external defibrillators, including manual defibrillator/monitors used by hospitals and emergency response personnel; and automated external defibrillators used in commercial and public settings. Medtronic, Inc. was founded in 1949 and is headquartered in Minneapolis, Minnesota.
MEMC ELECTRONIC MATERIALS (NYSE:WFR) - MEMC Electronic Materials, Inc. designs, manufactures, and sells silicon wafers for the semiconductor industry worldwide. Its products include prime polished wafers, such as OPTIA and annealed products; epitaxial wafers consisting of thin silicon layer grown on the polished surface of the wafer; test/monitor wafers for testing semiconductor fabrication lines and processes; and silicon-on-insulator wafers used for the chip making process. The companys products are used as the starting material in the manufacture of various semiconductor devices, including microprocessor, memory, logic, and power devices, as well as solar cells. Its customers comprise semiconductor device manufacturers, including the memory, microprocessor, and applications specific integrated circuit manufacturers, as well as foundries, solar cell and module manufacturers, semiconductor device and equipment makers, and flat panel and other industries. The company was founded in 1984 and is based in St. Peters, Missouri.
ISHARES MSCI EAFE INDEX FUND (NYSE:EFA) - ISHARES TRUST MSCI
DIREXION DLY SM CAP BEAR 3X (NYSE:TZA) - Television Azteca SA de CV
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