Market Maker Surveillance Report. MI, EMC, NTAP, RAD, SYMC, XLF, Highest Net Buy Volume With Lowest Price Friction For Thursda
January 27, 2011 / 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 2719 companies with "abnormal" market making, 2652 companies with positive Friction Factors and 2364 companies with negative Friction Factors. Here is a list of the top companies with the highest net buy volume on Thursday and lowest price Friction (bullish). This means that there was more buying than selling in the stocks and their stock prices rose faster with less Friction. MARSHALL & ILSLEY CORP (NYSE:MI), EMC CORP/MASS (NYSE:EMC), NETAPP INC (NASDAQ:NTAP), RITE AID CORP (NYSE:RAD), SYMANTEC CORP (NASDAQ:SYMC), FINANCIAL SELECT SECTOR SPDR (NYSE:XLF). 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 MI $0.030 0.38% 11,726,579 57.70% 7,893,072 38.83% 3,833,507 1,277,836 EMC $0.200 0.82% 14,463,701 55.49% 9,312,221 35.73% 5,151,480 257,574 NTAP $0.160 0.29% 6,113,039 71.85% 2,205,368 25.92% 3,907,671 244,229 RAD $0.160 14.55% 15,268,377 58.08% 11,043,949 42.01% 4,224,428 264,027 SYMC $0.120 0.69% 20,576,097 54.48% 16,550,104 43.82% 4,025,993 335,499 XLF $0.140 0.88% 38,429,936 53.73% 33,475,899 46.80% 4,954,037 353,860
Analysis of the Friction Factor chart above shows that each of the six stocks mentioned above have high net dollar gains (Change) and very low price friction 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 XLF with a Net Buy Volume of 4,954,037 shares and a Friction Factor of 353,860 shares. That means that it takes 353,860 more shares of buying than selling to move XLF higher by one penny. This means the Market Makers are allowing the stock to move up higher as of Thursday (lower friction). And with one of the highest Net Buy Volumes, the combination of low friction and high net buy volume is bullish.
MARSHALL & ILSLEY CORP (NYSE:MI) - Marshall & Ilsley Corporation, through its subsidiaries, provides diversified financial services to corporate, institutional, government, and individual customers in the United States. Its Commercial Banking segment provides various products and services, including secured and unsecured loans and lines of credit, letters of credit, asset-based lending, equipment financing, mezzanine financing, global trade services, treasury management, demand deposit accounts, interest bearing accounts, and time deposits, as well as construction loans for commercial and residential development, and land acquisition and development loans. The companys Community Banking segment provides consumer and business banking products and services comprising loan and deposit products, such as mortgages, home equity loans and lines, credit cards, student loans, personal lines of credit and term loans, demand deposit accounts, interest bearing transaction accounts, and time deposits, as well as loans for working capital, inventory, and general corporate use; commercial real estate construction loans; and agricultural loans. Its Wealth Management segment provides asset management, trust, and banking services, as well as offers retirement plan services, Taft-Hartley services, not-for-profit services, north star deferred exchange, and trust operations outsourcing services. The company also provides derivative solutions and investment services, currency conversion and foreign exchange services, and risk management to corporate, business banking, and financial institution clients. As of December 31, 2009, it operated 162 branch offices in Phoenix and Tucson, Arizona metropolitan areas, Kansas City and nearby communities, Floridas west coast and Orlando, Florida, Minneapolis/St. Paul and Duluth, Minnesota, and central Indiana; and 17 offices in the St. Louis metropolitan area. The company was founded in 1847 and is headquartered in Milwaukee, Wisconsin.
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.
NETAPP INC (NASDAQ:NTAP) - NetApp, Inc. provides enterprise storage and data management software and hardware products and services. It offers fabric-attached storage and V-series storage solutions, which support mix of storage area network, network-attached storage, and Internet protocol SAN environments; data management software; and storage management and application integration software. The company also provides data protection software products, data retention and archive products, and storage security products, as well as performance acceleration module, which optimizes the performance of random read intensive workloads, such as file services and messaging. In addition, it offers professional, support, and customer education and training services. The company provides its solutions for business applications, storage for virtual servers, and disk-to-disk backup; continuous availability of critical business data and simplify business processes; and storing, managing, protecting, and archiving business data. It markets and sells its products to energy, financial services, government, high technology, Internet, life sciences and healthcare services, major manufacturing, media, entertainment, animation and video postproduction, and telecommunications industries in the United States, Germany, and internationally. NetApp, Inc. has a strategic alliance with CSI Leasing, Inc. The company was formerly known as Network Appliance, Inc. and changed its name to NetApp, Inc. in March 2008. NetApp, Inc. was founded in 1992 and is headquartered in Sunnyvale, California.
RITE AID CORP (NYSE:RAD) - Rite Aid Corporation, through its subsidiaries, operates retail drugstores in the United States. The companys drugstores primarily offer pharmacy services. It provides prescription drugs and front end products, which include over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, beverages, convenience foods, greeting cards, seasonal merchandise, and various other everyday and convenience products, as well as photo processing products. The company sells its products under the Rite Aid brand. It offers its products to customers covered by third party payors, such as insurance companies, prescription benefit management companies, government agencies, private employers or other managed care providers. As of February 27, 2010, the company operated 4,780 retail drugstores in 31 states, as well as in the District of Columbia. It has a strategic alliance with GNC to operate GNC stores within Rite Aid stores. The company was founded in 1927 and is headquartered in Camp Hill, Pennsylvania.
SYMANTEC CORP (NASDAQ:SYMC) - Symantec Corporation provides security, storage, and systems management solutions to secure and manage information. It operates in four segments: Consumer, Security and Compliance, Storage and Server Management, and Services. The Consumer segment provides Internet security and protection solutions, suites, and services to individual users and home offices. The Security and Compliance segment provides solutions for enterprise security, system management, and software-as-a-service. The Storage and Server Management segment focuses on providing storage management, high availability, and backup and recovery solutions in heterogeneous storage and server platforms to enterprise customers. The Services segment offers consulting services, which include advisory, product enablement, and residency services to enable customers to assess, design, transform, and operate their infrastructure; education services, including programs on technical training and security awareness training; and business critical services. It also provides managed security services, managed endpoint protection services, and managed backup services. In addition, the company offers maintenance support contracts, including content, upgrades, and technical support to enterprises; and self-help online services, phone, chat, email support, and fee-based premium support and diagnostic services to consumers. Symantec Corporation markets and sells its products through distributors, retailers, direct marketers, Internet-based resellers, original equipment manufacturers, system builders, and Internet service providers; and its e-commerce channels, as well as direct sales force, value-added and large account resellers, and system integrators. It has operations in the Americas, which include the United States, Canada, and Latin America; Europe, the Middle East, and Africa; and the Asia Pacific Japan. Symantec Corporation was founded in 1982 and is headquartered in Mountain View, California.
FINANCIAL SELECT SECTOR SPDR (NYSE:XLF) - FINANCIAL SEL SPD
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