Market Maker Surveillance Report. XPRT, WFC, EWJ, S, GPK, C, Highest Net Sell Volume and Negative Price Friction For Friday, A
April 15, 2011 / M2 PRESSWIRE / BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Friday. 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 Friday there were 2879 companies with "abnormal" market making, 2881 companies with positive Friction Factors and 2007 companies with negative Friction Factors. Here is a list of the top companies with the highest net sell volume on Friday 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. LECG Corporation - Common Stock (NASDAQ:XPRT), WELLS FARGO & CO (NYSE:WFC), ISHARES MSCI JAPAN INDEX FD (NYSE:EWJ), SPRINT NEXTEL CORP (NYSE:S), GRAPHIC PACKAGING HOLDING CO (NYSE:GPK), CITIGROUP INC (NYSE:C). 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 XPRT $-0.030 -20.80% 3,086,001 35.53% 5,582,305 64.28% -2,496,304 -832,101 WFC $-0.310 -1.03% 23,092,456 29.44% 48,174,626 61.42% -25,082,170 -809,102 EWJ $-0.020 -0.22% 14,646,760 43.48% 22,499,601 66.79% -7,852,841 -3,926,421 S $-0.160 -3.23% 27,756,247 43.52% 30,283,119 47.48% -2,526,872 -157,930 GPK $-0.160 -3.26% 8,593,232 41.34% 11,127,337 53.53% -2,534,105 -158,382 C $-0.020 -0.45% 195,237,359 48.24% 200,593,816 49.56% -5,356,457 -2,678,229Analysis 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 XPRT down $-0.03000 with a Friction Factor of -832,101 and a Net Volume of -2,496,304. That means that it takes 832,101 more shares of selling than buying to drop XPRT by one penny. On Monday the Market Makers allowed the stock to move down on heavier selling than buying (low negative friction).
LECG Corporation - Common Stock (NASDAQ:XPRT) - LECG Corporation (LECG) provides expert services, including economic and financial analysis, expert testimony, litigation support and strategic management consulting. The Company's experts are either its employees or independent contractors. Services are provided by academics, recognized industry leaders and former high-level government officials with the assistance of a professional support staff. These experts deliver independent expert testimony and original studies in both adversarial and non-adversarial environments, and conducts economic, financial and statistical analyses to provide opinions and strategic advice to legislative, judicial, regulatory and business decision makers. These services are provided primarily in the United States from Emeryville, California, and the Company's 19 other offices across the country. LECG also has international offices in Argentina, Australia, Belgium, Canada, France, New Zealand, South Korea, Spain and the United Kingdom. During the year ended December 31, 2004, LECG increased the number of its experts to 289 and increased the number of its professional staff by 34% to 398.
LECG provides independent expert testimony, original authoritative studies and strategic advice to Fortune Global 500 companies, major law firms and local, state and federal government agencies in the United States and internationally. Its experts include faculty and former faculty from many of the world's universities.
These experts include contributors to academic and professional literature in economics and finance, forensic accounting, electronic discovery, environmental damages assessment, telecommunications regulation and deregulation, electricity market design, public policy, healthcare and intellectual property valuation. Many of these experts also have hands-on industry experience or have worked in or with government agencies, such as the United States Department of Justice, the United States Federal Trade Commission, the Environmental Protection Agency and national treasuries around the world.
LECG's management structure is decentralized, and it provides experts with autonomy and intellectual freedom. The Company also develops experts from within the firm. Its experts and professional staff have specialized knowledge in economic, financial and statistical theories, electronic data organization, forensic accounting and other areas requiring complex analyses. In addition, these experts and professional staff also possess in-depth knowledge of specific markets, regulations and industries.
Expert Testimony
LECG's experts provide independent oral and written expert testimony on behalf of plaintiffs and defendants in trial, arbitration and mediation proceedings, as well as in matters before regulatory agencies and legislative bodies. The Company's experts have testified throughout the world on matters, such as antitrust, class certification, complex merger filings, contract damages, employment discrimination, damage quantification and on the valuation of a range of intellectual property assets, including patents, copyrights, trademarks, trade secrets and trade dress.
Authoritative Studies
LECG prepares and provides independent authoritative studies generally in connection with litigation, such as studies containing detailed economic, financial and statistical analyses. Authoritative studies are often commissioned in support of expert testimony or to analyze proposed regulations or legislation. Large amounts of information and data must often be assembled by staff to facilitate these analyses. The Company also conducts studies that are used during arbitration and negotiation.
Advisory Services
LECG's experts and professional staff provide independent strategic advice and expert consulting, particularly in industries with a heavy regulatory or legal component. This advice is usually provided to senior management of clients. Services include the analysis and evaluation of potential mergers and the integration of businesses, the economic analysis of prospective investments, risk ma
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. Wells Fargo & Company was formerly known as Norwest Corporation and changed its name on November 3, 1998. The company was founded in 1852 and is based in San Francisco, California.
ISHARES MSCI JAPAN INDEX FD (NYSE:EWJ) - ISHARE MSCI JAPAN
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.
GRAPHIC PACKAGING HOLDING CO (NYSE:GPK) - Graphic Packaging Holding Company, together with its subsidiaries, provides packaging solutions in the United States, Canada, Central/South America, Europe, and the Asia-Pacific. The company operates in three segments: Paperboard Packaging, Multi-Wall Bag, and Specialty Packaging. The Paperboard Packaging segment produces and sells folding cartons, which are used primarily to protect products, such as food, detergents, paper products, beverages, and health and beauty aids; and corrugating medium and kraft paper. It also designs, manufactures, and installs packaging machines that package bottles, cans, and non-beverage consumer products. The Multi-Wall Bag segment converts kraft and specialty paper into multi-wall bags, consumer bags, and specialty retail bags to ship and protect various industrial and consumer products, including fertilizers, chemicals, concrete, and pet and food products. The Specialty Packaging segment provides flexible packaging products comprising retort pouches; medical test kits; multi-layer laminations for hard-to-hold products; batch inclusion bags and films; and shingle wrap and plastic bags and films for building materials. This segment also produces heat transfer labels and lithographic labels for food, beverage, pharmaceutical, automotive, household and industrial products, detergents, and the health and beauty markets. The company, formerly known as Graphic Packaging Corporation, was founded in 1992 and is headquartered in Marietta, Georgia.
CITIGROUP INC (NYSE:C) - Citigroup, Inc., a global financial services company, provides consumers, corporations, governments, and institutions with a range of financial products and services, including consumer banking, credit cards, corporate and investment banking, securities brokerage, and wealth management. The company has two primary segments, Citicorp and Citi Holdings. The Citicorp segment operates as a global bank for businesses and consumers with two primary businesses, Regional Consumer Banking and Institutional Clients Group. The Regional Consumer Banking business provides traditional banking services, including retail banking, branded cards, and small commercial banking in North America, Asia, Latin America, and Europe, the Middle East, and Africa. The Institutional Clients Group business provides securities and banking services, including investment banking and advisory services, lending, debt and equity sales and trading, institutional brokerage, foreign exchange, structured products, cash instruments and related derivatives, and private banking; and transaction services consisting of treasury and trade solutions, and securities and fund services. The Citi Holdings segment has three businesses: Brokerage and Asset Management, Local Consumer Lending, and Special Asset Pool. The Brokerage and Asset Management business, through its 49% stake in Morgan Stanley Smith Barney joint venture and Nikko Cordial Securities, offers retail brokerage and asset management services. The Local Consumer Lending business provides residential mortgage loans, retail partner card loans, student loans, personal loans, auto loans, commercial real estate, and other consumer loans, as well as western European cards and retail banking services. The Special Asset Pool business is a portfolio of securities, loans, and other assets. Citigroup Inc. has approximately 200 million customer accounts and operates in approximately 140 countries. The company was founded in 1812 and is based 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"
RegSHO Naked Shorts -- tracks EVERY failure to deliver in all US stocks and tracks all Threshold Security Lists daily for which stocks have naked shorts that are not in compliance with Regulation SHO
INVESTMENTS & TRADING
SqueezeTrigger -- 29 billion cell database tracks EVERY short sale (not just total short interest) in all US stocks and calculates volume weighted price that a short squeeze will begin in each stock.
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.
Pattern Scan -- automates tracking of every technical pattern and predicts time and size of move in all stocks.
GATS (Global Automated Trading System) -- tracks all known trading strategies and qualifies and quantifies which are working best in real time.
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