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Market Maker Surveillance Report. FSC, UNG, BAESY, S, HBAN, SVNT, Bearishly Biased Price Friction For Tuesday, February 1st 20

^{Published on 2011-02-01 17:51:24 - WOPRAI}
 

February 1, 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 2262 companies with "abnormal" market making, 4274 companies with positive Friction Factors and 1445 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. FIFTH STREET FINANCE CORP (NYSE:FSC), US NATURAL GAS FUND LP (NYSE:UNG), BAE SYSTEMS PLC -SPON ADR (OTC:BAESY), SPRINT NEXTEL CORP (NYSE:S), HUNTINGTON BANCSHARES INC (NASDAQ:HBAN), SAVIENT PHARMACEUTICALS INC (NASDAQ:SVNT). 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
     FSC        $-0.350      -2.66%       5,988,539       53.34%       4,525,143       40.31%       1,463,396       Abnormal
     UNG        $-0.090      -1.50%       9,957,665       59.15%       7,162,910       42.55%       2,794,755       Abnormal
     BAESY      $-0.400      -1.83%       1,580,668       67.37%       84,694          3.61%        1,495,974       Abnormal
     S          $-0.130      -2.88%       26,901,361      48.15%       25,241,261      45.18%       1,660,100       Abnormal
     HBAN       $-0.010      -0.14%       16,358,207      53.14%       14,397,302      46.77%       1,960,905       Abnormal
     SVNT       $-0.090      -0.98%       5,693,351       59.69%       3,840,451       40.26%       1,852,900       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 SVNT with 1,852,900 greater shares of buying than selling (NetVol) and the stock price was down $-0.09000. 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.

FIFTH STREET FINANCE CORP (NYSE:FSC) - Fifth Street Finance Corp.

US NATURAL GAS FUND LP (NYSE:UNG) - United States Natural Gas Fund LP

BAE SYSTEMS PLC -SPON ADR (OTC:BAESY) - BAE Systems plc, through its subsidiaries, engages in the development, delivery, and support of defense and aerospace systems in the air, on land, and at sea worldwide. The company offers electronic systems and subsystems, including electronic warfare and self-protection systems; surveillance and intelligence systems; platform systems; sensor and precision targeting systems; communication, navigation, identification, and reconnaissance systems; enterprise solutions and information management systems in support of the defense and intelligence communities; mission-specific software and geospatial exploitation products; information technology; and C4ISR prototyping. It also offers armored combat vehicles, tactical wheeled vehicles, naval guns, missile launchers, artillery systems, and munitions. In addition, the company provides aircraft and support services to airlines; submarine solutions, such as submarines and naval ships, system integration, design, and build services; and customer solutions, such as integrated information technology, and technical and professional service solutions, including ship repair. Further, it enable government and corporate clients collect, manage, and exploit information to reveal intelligence, maintain security, manage risk, and strengthen resilience; and provides mission systems and information management solutions in naval, joint, air, and land markets. The company has a joint venture agreement with Mahindra & Mahindra Ltd. to focus on land systems. It has a strategic alliance with Cobham plc. BAE Systems plc is based in London, the United Kingdom.

SPRINT NEXTEL CORP (NYSE:S) - Sprint Nextel Corporation offers wireless and wireline communications products and services to consumers, businesses, and government users in the United States, Puerto Rico, and the U.S. Virgin Islands. Its Wireless segment provides wireless mobile voice and data transmission services on networks that utilize CDMA and iDEN technologies, as well as offers fourth generation wireless services. Its wireless data communications services comprise Internet access and messaging, email services, wireless photo and video offerings, and mobile entertainment applications, as well as asset and fleet management, dispatch services, and navigation tools; and wireless voice communications services include basic local and long distance wireless voice services, voicemail, call waiting, three way calling, caller identification, directory assistance, call forwarding, speakerphone, and push-to-talk services, as well as roaming services. This segment sells accessories, such as carrying cases, hands-free devices, batteries, and battery chargers, as well as devices and accessories to agents and other third-party distributors for resale. In addition, it markets its post-paid services under the Sprint and Nextel names; prepaid services under the Boost Mobile, Virgin Mobile, and Assurance Wireless names. The companys Wireline segment provides wireline voice and data communications services, including domestic and international data communications using various protocols, such as multiprotocol label switching technologies, Internet protocol (IP), asynchronous transfer mode, IP-based frame relay, managed network services, voice over IP, and traditional voice services. It also offers wide-area network and long distance services, as well as operates an all-digital long distance and Tier 1 IP network. Sprint Nextel was founded in 1899 and is headquartered in Overland Park, Kansas.

HUNTINGTON BANCSHARES INC (NASDAQ:HBAN) - Huntington Bancshares Incorporated operates as the holding company for The Huntington National Bank that provides commercial and consumer banking services. It offers deposit products, including checking accounts, savings accounts, interest bearing and non-interest bearing demand deposits, time deposits, money market deposits, and brokered deposits and negotiable certificate of deposits. The companys loan portfolio comprises home equity loans and lines of credit, first mortgage loans, direct installment loans, small business loans, automobile loans and leases, residential mortgage loans, commercial and industrial loans and leases, and commercial real estate loans. It also provides retail and commercial insurance agency services; and an array of insurance products, including individual life insurance products, such as basic term-life insurance, estate planning, group life and health insurance, property and casualty insurance, mortgage title insurance, and reinsurance for payment protection products. In addition, the company offers trust, asset management, investment advisory, brokerage, and private banking products and services; and investment banking, sales and trading of securities, mezzanine capital financing, and interest rate risk management products for corporate and institutional customers. Further, Huntington Bancshares provides mortgage banking, equipment leasing, and other financial products and services; and Internet banking and telephone banking services. As of December 31, 2009, the company operated 340 banking offices in Ohio, 115 in Michigan, 56 in Pennsylvania, 50 in Indiana, 28 in West Virginia, and 13 banking offices in Kentucky, as well as 9 private banking offices in Florida, 1 foreign office in the Cayman Islands, and 1 foreign office in Hong Kong. It also operated approximately 1,300 automated teller machines. The company was founded in 1866 and is headquartered in Columbus, Ohio.

SAVIENT PHARMACEUTICALS INC (NASDAQ:SVNT) - Savient Pharmaceuticals, Inc., a specialty biopharmaceutical company, focuses on developing KRYSTEXXA, a biologic PEGylated uricase in the United States. The KRYSTEXXA is being developed as a treatment for chronic gout in patients refractory to conventional therapy. The company also sells and distributes branded and generic versions of oxandrolone, a drug used to promote weight gain following involuntary weight loss. It sells its products directly to drug wholesalers. The company, formerly known as Bio-Technology General Corp. and changed its name to Savient Pharmaceuticals, Inc. in June 2003. Savient Pharmaceuticals, Inc. was founded in 1980 and is headquartered in East Brunswick, New Jersey.

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

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