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Market Maker Surveillance Report. VTG, QID, CNXT, AMRN, CVS, SIRI, Highest Net Sell Volume and Negative Price Friction For Wed

^{Published on 2011-01-12 17:51:54 - WOPRAI}
 

January 12, 2011 / 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 2508 companies with "abnormal" market making, 3279 companies with positive Friction Factors and 2028 companies with negative Friction Factors. Here is a list of the top companies with the highest net sell volume on Wednesday and lowest negative price Friction (bearish). This means that there was more selling than buying in the stocks and their stock prices dropped faster with less Friction. VANTAGE DRILLING CO (AMEX:VTG), PROSHARES QQQ ULTRASHORT (NYSE:QID), CONEXANT SYSTEMS INC (NASDAQ:CNXT), AMARIN CORPORATION PLC -ADR (NASDAQ:AMRN), CVS CAREMARK CORP (NYSE:CVS), SIRIUS XM RADIO INC (NASDAQ:SIRI). 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
     VTG        $-0.060      -2.96%       1,362,752       31.80%       2,408,199       56.19%       -1,045,447      -174,241
     QID        $-0.140      -1.28%       4,111,256       41.86%       5,711,145       58.14%       -1,599,889      -114,278
     CNXT       $-0.030      -1.40%       674,164         23.38%       2,209,842       76.62%       -1,535,678      -511,893
     AMRN       $-0.170      -1.82%       1,094,521       29.46%       2,618,753       70.49%       -1,524,232      -89,661 
     CVS        $-0.430      -1.22%       4,132,520       40.62%       5,172,934       50.85%       -1,040,414      -24,196 
     SIRI       $-0.020      -1.27%       14,014,470      37.63%       23,231,233      62.37%       -9,216,763      -4,608,382

Analysis of the Friction Factor chart above shows that each of the six stocks mentioned above have low price friction combined with more selling than buying (negative Net Volume) in their stocks. 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 SIRI down $-0.02000 with a Friction Factor of -4,608,382 and a Net Volume of -9,216,763. That means that it takes 4,608,382 more shares of selling than buying to drop SIRI by one penny. On Monday the Market Makers allowed the stock to move down on heavier selling than buying (low negative friction).

VANTAGE DRILLING CO (AMEX:VTG) - Vantage Drilling Company provides offshore contract drilling services to multinational oil and natural gas companies, government owned oil and natural gas companies, and independent oil and natural gas producers worldwide. It involves in contracting drilling units, related equipment, and work crews to drill oil and natural gas wells, as well as offers construction supervision services. As of March 8, 2010, the companys fleet included four ultra-premium jackup rigs, three ultra-deepwater drillships, and two deepwater semisubmersibles. Vantage Drilling Company is based in Houston, Texas.

PROSHARES QQQ ULTRASHORT (NYSE:QID) - ULTRASH'T QQQ PROSHR

CONEXANT SYSTEMS INC (NASDAQ:CNXT) - Conexant Systems, Inc., a fabless semiconductor company, engages in the design, development, and sale of semiconductor system solutions. The company offers semiconductor devices, software, and reference designs for imaging, audio, embedded-modem, and video applications. Its imaging product portfolio includes multifunction printer system-on-chip (SoC) solutions for inkjet, laser, and photo printers; system solutions for connected frames and displays with Internet connectivity; and SoCs and data pumps for facsimile applications. The company also provides audio solutions comprising high-definition (HD) audio integrated circuits, HD audio codecs, and speakers-on-a-chip solutions for personal computers, PC peripheral sound systems, audio subsystems, speakers, notebook docking stations, voice-over-IP speakerphones, intercom, door phone, and audio-enabled surveillance applications. In addition, it offers a suite of embedded-modem solutions for set-top boxes, point-of-sale systems, home automation and security systems, and desktop and notebook PCs. Additionally, the company provides decoders and media bridges for video surveillance and security applications, as well as system solutions for analog video-based multimedia applications. It markets and sells its products and system solutions to original equipment manufacturers of communication electronics products primarily through electronic components distributors, as well as to third-party electronic manufacturing service providers. The company operates in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. Conexant Systems, Inc. was founded in 1996 and is headquartered in Newport Beach, California.

AMARIN CORPORATION PLC -ADR (NASDAQ:AMRN) - Amarin Corporation plc operates as a biopharmaceutical company with a focus on cardiovascular diseases. Its cardiovascular programs focus in the field of lipid science and the known therapeutic benefits of essential fatty acids in cardiovascular disease. The companys lead product candidate includes AMR101, a prescription grade Omega-3 product comprising ultra-pure ethyl eicosapentaenoic acid, which is entering Phase III clinical trials for the treatment of hypertriglyceridemia and mixed dyslipidemia. Its pipeline also includes programs in the area of central nervous system disorders, including Huntingtons disease, myasthenia gravis, and Parkinsons disease. Amarin Corporation plc, formerly known as Ethical Holdings plc, was founded in 1989 and is based in Dublin, Ireland.

CVS CAREMARK CORP (NYSE:CVS) - CVS Caremark Corporation operates as a pharmacy services company in the United States. It operates in two segments, Pharmacy Services and Retail Pharmacy. The Pharmacy Service segment provides a range of prescription benefit management services, including mail order pharmacy services, specialty pharmacy services, plan design and administration, formulary management, and claims processing. This segment primarily serves employers, insurance companies, unions, government employee groups, managed care organizations and other sponsors of health benefit plans, and individuals. As of December 31, 2009, it operated 49 retail specialty pharmacy stores, 18 specialty mail order pharmacies, and 6 mail service pharmacies located in 25 states, Puerto Rico, and the District of Columbia. This segment operates business under the Caremark Pharmacy Services, Caremark, CVS Caremark, CarePlus CVS/pharmacy, CarePlus, RxAmerica, AccordantCare, and TheraCom names. The Retail Pharmacy segment sells prescription drugs, over-the-counter drugs, beauty products and cosmetics, photo finishing, seasonal merchandise, greeting cards, and convenience foods through its pharmacy retail stores and online. It also provides health care services. This segment operated 7,025 retail drugstores located in 41 states and the District of Columbia; and 569 retail health care clinics in 25 states. The company has a strategic alliance with Alere, L.L.C. for the management of disease management program offerings that cover chronic diseases, such as asthma, diabetes, congestive heart failure, and coronary artery disease. CVS Caremark Corporation was founded in 1892 and is based in Woonsocket, Rhode Island.

SIRIUS XM RADIO INC (NASDAQ:SIRI) - Sirius XM Radio Inc. provides satellite radio services in the United States and Canada. The company offers a programming lineup of approximately 135 channels of commercial-free music, sports, news, talk, entertainment, and traffic and weather. It also provides music channels that offer music genres, ranging from rock, pop and hip-hop to country, dance, jazz, Latin, and classical; channels of sports; talk and entertainment channels; comedy channels; national, international, and financial news channels; and religious channels. As of December 31, 2009, Sirius XM Radio had 18,772,758 subscribers. In addition, it provides music services for commercial establishments; music and comedy channels to mobile phone users; and music channels and select non-music channels over the Internet; a suite of data services; services that offer graphic information; and various real-time weather services, as well as operates a television service, which provides content designed primarily for children in the backseat of vehicles. Further, the company engages in the distribution of satellite radios for use in cars, trucks, homes, offices, boats, or other locations. Sirius XM Radio distributes its satellite radios primarily through automakers, retailers, and Web sites, as well as offers to customers of rental car companies. Further, it provides home units that offer satellite services to home and commercial audio systems, and products that provide access to the Internet radio services in the home without the personal computer. The company was formerly known as Sirius Satellite Radio Inc. and changed its name to Sirius XM Radio Inc. in August 2008. Sirius XM Radio Inc. was founded in 1990 and is headquartered in New York, New York.

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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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Earnings Edge -- predicts probability, price move and length of move before and after all US stock earnings reports.

Seasonality -- predicts probability, price move and length of move based on exact time of year for all US stocks.

Group Trader -- tracks sector rotation and stock correlation to its sector and predicts future moves in ALL sectors and industry groups.

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