Market Maker Surveillance Report. FAZ, PCS, SDS, SVU, TZA, DVAX, Bearishly Biased Price Friction For Tuesday, January 11th 201
January 11, 2011 / 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 2553 companies with "abnormal" market making, 3267 companies with positive Friction Factors and 2047 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. DIREXION DAILY FINL BEAR 3X (NYSE:FAZ), METROPCS COMMUNICATIONS INC (NYSE:PCS), PROSHARES ULTRASHORT S&P500 (NYSE:SDS), SUPERVALU INC (NYSE:SVU), DIREXION DLY SM CAP BEAR 3X (NYSE:TZA), DYNAVAX TECHNOLOGIES CORP (NASDAQ:DVAX). 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 $-0.120 -1.34% 11,970,759 54.02% 10,187,383 45.98% 1,783,376 Abnormal PCS $-0.230 -1.75% 3,841,426 54.00% 2,897,790 40.73% 943,636 Abnormal SDS $-0.190 -0.81% 10,776,952 52.55% 9,732,231 47.45% 1,044,721 Abnormal SVU $-1.000 -11.62% 19,205,827 48.52% 17,216,610 43.49% 1,989,217 Abnormal TZA $-0.240 -1.59% 10,983,451 52.21% 10,126,904 48.14% 856,547 Abnormal DVAX $-0.160 -4.43% 3,708,890 76.69% 1,127,532 23.31% 2,581,358 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 DVAX with 2,581,358 greater shares of buying than selling (NetVol) and the stock price was down $-0.16000. 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.
DIREXION DAILY FINL BEAR 3X (NYSE:FAZ) - Direxion Daily Financial Bear 3x
METROPCS COMMUNICATIONS INC (NYSE:PCS) - MetroPCS Communications, Inc., a wireless telecommunications carrier, offers wireless broadband mobile services in the United States. The companys services comprise voice services that allow customers to place voice calls to, and receive calls from, any telephone in the world, including local, domestic long distance, and international calls; data services, such as ringtones, ring back tones, games and content applications, text and multimedia messaging services, mobile Internet browsing, mobile instant messaging, location based services, social networking services, and push e-mail; and custom calling features consisting of caller ID, call waiting, three-way calling, and voicemail. It also sells mobile handsets. The company sells its products and services, under the MetroPCS brand name, directly through company-operated retail stores and indirectly through independent retail outlets, as well as through Internet. As of December 31, 2009, it operated approximately 153 retail stores in the metropolitan areas of Atlanta, Boston, Dallas/Ft. Worth, Detroit, Las Vegas, Los Angeles, Miami, New York, Orlando/Jacksonville, Philadelphia, Sacramento, San Francisco, and Tampa/Sarasota. The company is headquartered in Richardson, Texas.
PROSHARES ULTRASHORT S&P500 (NYSE:SDS) - ULTRASH'T SP500 PROS
SUPERVALU INC (NYSE:SVU) - SUPERVALU INC., together with its subsidiaries, operates retail food stores in the United States. The companys stores offer general merchandise, health and beauty care, pharmacy, and fuel products under the under the Acme, Albertsons, Bristol Farms, Cub Foods, Farm Fresh, Hornbachers, Jewel-Osco, Lucky, Save-A-Lot, Shaws, Shop n Save, Shoppers Food & Pharmacy, and Star Market banners, as well as in-store pharmacies under the Osco and Sav-on banners. It operates 2,349 traditional and hard-discount retail food stores, including 855 licensed Save-A-Lot stores. The company also offers supply chain services, which include wholesale distribution of products to independent retailers, including single and multiple grocery store independent operators, regional and national chains, mass merchants, and the military customers. In addition, it provides a suite of logistics services, including warehouse management, transportation, procurement, contract manufacturing, and logistics engineering and management services. The company was founded in 1871 and is based in Eden Prairie, Minnesota.
DIREXION DLY SM CAP BEAR 3X (NYSE:TZA) - Television Azteca SA de CV
DYNAVAX TECHNOLOGIES CORP (NASDAQ:DVAX) - Dynavax Technologies Corporation, a clinical-stage biopharmaceutical company, discovers and develops novel products to prevent and treat infectious diseases. The company's lead product candidate includes HEPLISAVTM, a Phase 3 investigational adult hepatitis B vaccine designed to provide protection with fewer doses than current licensed vaccines. It also develops Universal Flu vaccine, a preclinical vaccine, for the influenza prevention; SD-101, a Phase Ib hepatitis C therapy; DV-601, a Phase Ib hepatitis B therapy; AZD1419, a preclinical asthma therapy; and DV1179, a preclinical autoimmune and inflammatory disease therapy. Dynavax Technologies Corporation has strategic alliance with GlaxoSmithKline to discover, develop, and commercialize DV1179 and other novel TLR inhibitors for diseases, such as lupus, psoriasis, and rheumatoid arthritis, as well as has research and license agreement with AstraZeneca to discover and develop TLR9 agonist products for asthma and COPD. The company was formerly known as Double Helix Corporation and changed its name to Dynavax Technologies Corporation in September 1996. Dynavax Technologies Corporation was founded in 1996 and is based in Berkeley, California.
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