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Market Maker Surveillance Report. GXDX, XHB, WFC, EMC, CNO, XLK, Bullishly Biased Price Friction For Monday, January 24th 2011

^{Published on 2011-01-24 17:51:09 - WOPRAI}
 

January 24, 2011 / M2 PRESSWIRE / BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Monday. 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 Monday there were 2640 companies with "abnormal" market making, 3242 companies with positive Friction Factors and 1991 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. GENOPTIX INC (NASDAQ:GXDX), SPDR S&P HOMEBUILDERS ETF (NYSE:XHB), WELLS FARGO & CO (NYSE:WFC), EMC CORP/MASS (NYSE:EMC), CNO FINANCIAL GROUP INC (NYSE:CNO), TECHNOLOGY SELECT SECT SPDR (NYSE:XLK). 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
     GXDX       $5.090       25.76%       9,000,176       41.30%       12,790,223      58.70%       -3,790,047      Abnormal
     XHB        $0.270       1.53%        1,422,142       19.77%       5,812,148       80.81%       -4,390,006      Abnormal
     WFC        $0.040       0.12%        10,233,952      37.50%       14,271,229      52.30%       -4,037,277      Abnormal
     EMC        $0.220       0.92%        12,553,447      40.39%       16,151,575      51.97%       -3,598,128      Abnormal
     CNO        $0.250       3.86%        1,218,602       21.55%       4,320,230       76.41%       -3,101,628      Abnormal
     XLK        $0.320       1.24%        5,705,646       30.86%       13,400,665      72.47%       -7,695,019      Abnormal

Analysis of the Friction Factor chart above shows that each of the six stocks mentioned above had more selling than buying on Monday 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 XLK with 7,695,019 greater shares of selling than buying (NetVol) and the stock price was up $0.32000. 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.

GENOPTIX INC (NASDAQ:GXDX) - Genoptix, Inc. provides specialized laboratory service that focus on delivering diagnostic services in the United States. Its services include COMPASS service offering, in which the companys hematopathologists determine the appropriate diagnostic tests to be performed, and then integrates patient history and previous and current test results into a comprehensive diagnostic report; and CHART service offering, in which the hematologists and oncologists receives a detailed assessment of a patient's disease progression over time. The company also offers various diagnostic services, including professional interpretation by its hematopathologists. It focuses on marketing its specialized diagnostic services to community-based hematologists and oncologists treating malignancies of the blood and bone marrow, and other forms of cancer. The company was founded in 1999 and is based in Carlsbad, California.

SPDR S&P HOMEBUILDERS ETF (NYSE:XHB) - ST SPDR HMBLDRS E

WELLS FARGO & CO (NYSE:WFC) - Wells Fargo & Company, through its subsidiaries, provides retail, commercial, and corporate banking services principally in the United States. The company operates through three segments: Community Banking; Wholesale Banking; and Wealth, Brokerage, and Retirement. The Community Banking segment offers deposit products, including checking accounts, savings deposits, market rate accounts, individual retirement accounts, time deposits, and debit cards. Its loan products include lines of credit, equity lines and loans, equipment and transportation loans, education loans, residential mortgage loans, and credit cards. This segment also provides receivables and inventory financing, equipment leases, real estate financing, small business administration financing, venture capital financing, cash management, payroll services, retirement plans, and merchant payment processing services; consumer and real estate loans to individuals; and loans secured by autos, as well as purchases sales finance contracts from retail merchants. The Wholesale Banking segment provides commercial and corporate banking products and services, including commercial loans and lines of credit, letters of credit, asset-based lending, equipment leasing, mezzanine financing, high-yield debt, foreign exchange services, treasury management, investment management, institutional fixed-income sales, commodity and equity risk management, insurance, corporate trust fiduciary and agency services, and investment banking services. This segment also provides banking products for commercial real estate market, and mortgage brokerage services. The Wealth, Brokerage, and Retirement segment offers financial advisory, lending, fiduciary, and investment management services. As of December 31, 2009, Wells Fargo & Company provided its services through approximately 10,000 banking stores located in 39 states and the District of Columbia. The company was founded in 1929 and is headquartered in San Francisco, California.

EMC CORP/MASS (NYSE:EMC) - EMC Corporation develops, delivers, and supports information infrastructure and virtual infrastructure technologies and solutions. The companys Information Storage segment offers networked information storage systems and software, which are deployed in storage area network (SAN), networked attached storage (NAS), unified storage combining NAS and SAN, content addressed storage, and direct attached storage environments. Its Content Management and Archiving segment provides software, which optimizes business processes, as well as creates, manages, delivers, and archives information from documents and discussions, e-mail, Web pages, images, XML, reports, records, rich media, and application data. The companys RSA Information Security segment delivers products, packaged solutions, and services to guard the integrity and confidentiality of information throughout its lifecycle. This segment offers solutions in identity assurance and access control, data loss prevention, encryption and key management, compliance and security information management, and fraud protection. Its principal products include RSA enVision, the RSA Data Loss Prevention (DLP) 7.0 Suite, RSA Share Project, and the RSA Adaptive Authentication platform. EMC Corporations VMware Virtual Infrastructure business offers virtual infrastructure solutions and services to address a range of IT problems that include cost and operational inefficiencies, business continuity, software lifecycle management, and desktop management. The company also provides consulting, technology deployment, managed, customer support, and training and certification services. It sells its products and services through direct sales and multiple distribution channels in North America, Latin America, Europe, the Middle East, South Africa, and the Asia Pacific. The company was founded in 1979 and is headquartered in Hopkinton, Massachusetts.

CNO FINANCIAL GROUP INC (NYSE:CNO) - CNO Financial Group, Inc., through its subsidiaries, engages in the development, marketing, and administration of supplemental health insurance, annuity, individual life insurance, and other insurance products for senior and middle-income markets in the United States. The company operates in three segments: Bankers Life, Colonial Penn, and Conseco Insurance Group. The Bankers Life segment markets and distributes Medicare supplement insurance, life insurance, and long-term care insurance products, as well as fixed annuities through career agents and sales managers. It also offers Medicare Part D prescription drug plans through a distribution and reinsurance arrangement with Coventry Health Care (Coventry); and Medicare advantage plans through a distribution arrangement with Humana Inc. (Humana). The Colonial Penn segment markets primarily graded benefit and simplified issue life insurance products directly to customers through television advertising, direct mail, Internet, and telemarketing. The Conseco Insurance Group segment markets and distributes specified disease, accident, disability, and life insurance products, as well as annuities to middle-income consumers at home and at the worksite through independent marketing organizations and insurance agencies. The company also offers reinsurance products. In addition, it sells products through professional independent producers and direct marketing. CNO Financial Group, Inc. has strategic alliances with Coventry and Humana. The company was formerly known as Conseco, Inc. and changed its name to CNO Financial Group, Inc. on May 11, 2010. CNO Financial Group was founded in 1979 and is headquartered in Carmel, Indiana.

TECHNOLOGY SELECT SECT SPDR (NYSE:XLK) - S&P TECHNOLOGY FUND

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