Market Maker Surveillance Report. SONS, SATC, PFE, SPY, IWB, QQQQ, Bearishly Biased Price Friction For Thursday, December 30th
December 30, 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 2674 companies with "abnormal" market making, 2545 companies with positive Friction Factors and 2855 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. SONUS NETWORKS INC (NASDAQ:SONS), SATCON TECHNOLOGY CORP (NASDAQ:SATC), PFIZER INC (NYSE:PFE), SPDR S&P 500 ETF TRUST (NYSE:SPY), ISHARES RUSSELL 1000 INDEX (NYSE:IWB), 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 SONS $-0.040 -1.38% 2,418,920 57.39% 1,796,074 42.61% 622,846 Abnormal SATC $-0.010 -0.23% 2,174,998 63.16% 1,269,742 36.87% 905,256 Abnormal PFE $-0.110 -0.63% 13,077,220 44.39% 12,487,209 42.39% 590,011 Abnormal SPY $-0.130 -0.10% 38,816,065 54.66% 34,897,145 49.14% 3,918,920 Abnormal IWB $-0.040 -0.06% 2,279,758 60.02% 477,914 12.58% 1,801,844 Abnormal QQQQ $-0.150 -0.27% 13,663,780 52.08% 12,572,211 47.92% 1,091,569 Abnormal
Analysis of the Friction Factor chart above shows that each of the six stocks mentioned above had more buying than selling on Thursday 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 1,091,569 greater shares of buying than selling (NetVol) and the stock price was down $-0.15000. 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.
SONUS NETWORKS INC (NASDAQ:SONS) - Sonus Networks, Inc. provides voice, video, and data infrastructure solutions for wireline and wireless telephone service providers. Its products include infrastructure equipment and software that enable voice services to be delivered over Internet protocol (IP) packet-based networks and are built on the distributed IP-based principles embraced by the IP Multimedia Subsystem (IMS) architecture. The companys product suite includes GSX9000 Open Services Switch to enable voice traffic to be transported over packet networks; GSX4000 Open Services Switch; Network Border Switch, an instantiation of the GSX9000 for packet to packet networks where session border control services are used for IP peering or access, as well as leverages media gateway services in a Sonus GSX product to provide media transcoding, as well as supports access session border controller; PSX Policy & Routing Server to provide network intelligence, such as call control, service selection, and routing; and SGX Signaling Gateway that provides SS7 solution for its IMS architecture that interconnects packet solutions with SS7 networks. It also offers ASX Call Feature Server to provide local area calling features; ASX Access Gateway Control Function, an IMS-compliant Access Gateway Control Function; IMX Service Delivery Platform to develop, integrate, launch, and manage telecommunication applications and services; and Insight Management System to operate carrier-class packet voice networks. In addition, the company provides Insight xAuthority Provisioning System, which offers an arbitration layer above the Insight Management System to aid in back-office integration and customer self-provisioning; and professional consulting and services. Its customers include long distance and local exchange carriers, Internet service providers, wireless and cable operators, international telephone companies, and wholesale operators. The company was founded in 1997 and is headquartered in Westford, Massachusetts.
SATCON TECHNOLOGY CORP (NASDAQ:SATC) - Satcon Technology Corporation provides a suite of utility grade power conversion solutions and services for commercial and utility scale renewable energy installations and distributed energy markets in the United States and internationally. Its renewable energy solutions include utility grade inverters for solar photovoltaic and fuel cell applications that offer modular inverters for use in connection with large, utility-scale, renewable energy power systems, such as stationary fuel cell power plants, photovoltaic power plants, and distributed power generation systems. The companys PowerGate Plus inverters convert the DC power generated by a renewable energy source into useable AC power; and provides an interface with the electric utility grid, an energy storage device, and end user applications. Satcon Technology Corporations renewable energy solutions also comprise micro grid solutions that provide stable renewable power locally, at the point of demand. Its micro grid solutions also offer uninterupted utility grade renewable energy to deliver the energy security. Satcon Technology Corporation sells its products and services through direct sales personnel, distributors, and sales agents. The company was founded in 1985 and is headquartered in Boston, Massachusetts.
PFIZER INC (NYSE:PFE) - Pfizer Inc., a biopharmaceutical company, engages in the discovery, development, manufacture, and marketing of prescription medicines for humans and animals worldwide. The companys Biopharmaceutical segment offers products in the areas of primary care, specialty care, established products, emerging markets, and oncology customer-focused units. Its principal products include Lipitor for elevated cholesterol levels in the blood; Norvasc for hypertension; Caduet for cardiovascular events; Chantix/Champix for smoking cessation; Lyrica for neuropathic pain; Revatio for pulmonary arterial hypertension; Geodon/Zeldox, a psychotropic agent; and Aricept for Alzheimers disease. This segments products also comprise Celebrex for osteoarthritis and rheumatoid arthritis and acute pain; Zyvox for Gram-positive pathogens; Viagra for erectile dysfunction; Detrol/ Detrol LA for overactive bladder; Sutent for advanced renal cell carcinoma; Xalatan for open-angle glaucoma and ocular hypertension; Genotropin for growth disorders; Vfend, an antifungal agent; Effexor for depressive disorders; Prevnar/Prevnar7 for invasive pneumococcal disease; Enbrel for rheumatoid arthritis; Protonix, proton pump inhibitor for erosive esophagitis; and Spiriva for breathing problems. The companys Diversified segment offers animal health products, which include antibiotics, anti-inflammatories, antiemetics, parasiticides, and vaccines; consumer healthcare products comprising dietary supplements, pain management, respiratory, and topicals/gastro-intestinal products; Nutrition products; and Capsugel products that include gelatin, liquid, softgel, non-animal, and fish gelatin capsules. Pfizer Inc. serves doctors, nurse practitioners, physician assistants, pharmacists, hospitals, pharmacy benefit managers, managed care organizations, and government agencies. It has a strategic alliance with Acacia Living Inc. The company was founded in 1849 and is headquartered in New York, New York.
SPDR S&P 500 ETF TRUST (NYSE:SPY) - S&P DEP RECEIPTS
ISHARES RUSSELL 1000 INDEX (NYSE:IWB) - ISHARE RUS 1000 I
POWERSHARES QQQ NASDAQ 100 (NASDAQ:QQQQ) - NASDAQ 100 TR SER
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