Market Maker Surveillance Report. BSX, PDLI, FMCN, ICO, UBRG, TLT, Highest Net Sell Volume and Negative Price Friction For Tue
May 10, 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 2484 companies with "abnormal" market making, 3727 companies with positive Friction Factors and 1487 companies with negative Friction Factors. Here is a list of the top companies with the highest net sell volume on Tuesday 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. BOSTON SCIENTIFIC CORP (NYSE:BSX), PDL BIOPHARMA INC (NASDAQ:PDLI), FOCUS MEDIA HOLDING-ADR (NASDAQ:FMCN), INTERNATIONAL COAL GROUP INC (NYSE:ICO), UNIVERSAL BIOENERGY INC (OTC:UBRG), ISHARES BARCLAYS 20+ YEAR TR (NYSE:TLT). 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 BSX $-0.710 -9.21% 32,588,549 26.94% 33,940,549 28.05% -1,352,000 -19,042 PDLI $-0.280 -4.29% 2,324,151 41.20% 3,316,608 58.80% -992,457 -35,445 FMCN $-1.920 -5.20% 1,489,155 34.76% 2,614,265 61.03% -1,125,110 -5,860 ICO $-0.010 -0.07% 1,858,150 24.35% 4,435,758 58.13% -2,577,608 -2,577,608 UBRG $-0.023 -24.21% 2,795,848 37.00% 4,761,283 63.00% -1,965,435 -854,537 TLT $-0.690 -0.73% 1,108,121 19.20% 2,185,570 37.88% -1,077,449 -15,615Analysis 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 BSX down $-0.71000 with a Friction Factor of -19,042 and a Net Volume of -1,352,000. That means that it takes 19,042 more shares of selling than buying to drop BSX by one penny. On Monday the Market Makers allowed the stock to move down on heavier selling than buying (low negative friction).
BOSTON SCIENTIFIC CORP (NYSE:BSX) - Boston Scientific Corporation develops, manufactures, and markets medical devices used in various interventional medical specialties worldwide. It offers cardiac rhythm management products, which monitor the heart and deliver electricity to treat cardiac abnormalities; and RF generators, intracardiac ultrasound and steerable ablation catheters, and diagnostic catheters for the diagnosis and treatment of cardiac arrhythmias. The company also provides interventional cardiology products, such as coronary stent systems, coronary revascularization products to treat patients with atherosclerosis and intraluminal catheter-directed ultrasound imaging catheters and systems; vascular access products, balloon catheters, stents and peripheral vascular catheters, wires, and accessories, as well as products for peripheral embolization procedures; and biliary stents, drainage catheters, and micro-puncture sets to treat, diagnose, and ease various forms of benign and malignant tumors. In addition, it offers coated and uncoated detachable coils, micro-delivery stents, micro-guidewires, micro-catheters, guiding catheters, and embolics to neuro-interventional radiologists and neurosurgeons to treat diseases of the neurovascular system; and endoscopy and interventional bronchoscopy products to diagnose and treat various digestive diseases, as well as pulmonary disease systems within the airway and lungs. Further, the company provides urology/womens health products to treat patients with urinary stone disease, benign prostatic hyperplasia, stress urinary incontinence, pelvic organ prolapse, and excessive uterine bleeding; and spinal cord stimulation system for the management of chronic intractable pain of the trunk and/or limbs. Boston Scientific Corporation markets its products through direct sales force, and a network of distributors and dealers. The company was founded in 1979 and is headquartered in Natick, Massachusetts with additional offices in Tokyo, Japan and Paris, France.
PDL BIOPHARMA INC (NASDAQ:PDLI) - PDL BioPharma, Inc. engages in the management of antibody humanization patents and royalty assets, which consist of Queen et al. patents and license agreements with various biotechnology and pharmaceutical companies. Its Queen et al. patents primarily cover humanized antibodies, methods for humanizing antibodies, polynucleotide encoding in humanized antibodies, and methods of producing humanized antibodies. The company was formerly known as Protein Design Labs, Inc. and changed its name to PDL BioPharma, Inc. in 2006. PDL BioPharma, Inc. was founded in 1986 and is headquartered in Incline Village, Nevada.
FOCUS MEDIA HOLDING-ADR (NASDAQ:FMCN) - Focus Media Holding Limited, a multi- platform digital media company, operates out-of-home advertising network using audiovisual digital displays in China. It operates out-of-home advertising network based on the number of locations and flat-panel television displays in its network. The company, through its multi-platform digital advertising network, reaches urban consumers at locations and point-of-interests over various media formats, including audiovisual television displays in buildings and stores, advertising poster frames, outdoor light-emitting diode digital billboards, and Internet advertising platforms. As of June 30, 2010, its digital out-of-home advertising network had approximately 142,000 LCD displays in its LCD display network and approximately 275,000 advertising in-elevator poster and digital frames, installed in approximately 90 cities. The company also provides Internet marketing solutions; and sells software licenses and services, primarily including Adforward software. Focus Media Holding Limited was founded in 1997 and is based in Shanghai, the Peoples Republic of China.
INTERNATIONAL COAL GROUP INC (NYSE:ICO) - International Coal Group, Inc., together with its subsidiaries, produces coal in the northern and central Appalachian regions, the United States. The company offers a range of mid- to high-Btu, low- to medium-sulfur steam, and metallurgical coal products. Its 12 Appalachian mining complexes are located in West Virginia, Kentucky, Virginia, and Maryland; and the mining complex of mid- to high-sulfur steam coal is located in the Illinois Basin. As of December 31, 2009, the company owned or controlled approximately 325 million tons of metallurgical quality coal reserves, 765 million tons of steam coal reserves, and 431 million tons of non-reserve coal deposits. It also purchases and resells coal produced by third parties. The company markets its coal to various customers, including investment grade electric utilities, as well as domestic and international industrial and steel customers. International Coal Group, Inc. is based in Scott Depot, West Virginia.
UNIVERSAL BIOENERGY INC (OTC:UBRG) - Universal Bioenergy, Inc. operates as an alternative green energy company, which focuses on the production and marketing of alternative energy products, including natural gas, solar, synthetic fuels, biofuels, wind, wave, tidal, and green technology products. The company was founded in 2007 and is headquartered in Irvine, California.
ISHARES BARCLAYS 20+ YEAR TR (NYSE:TLT) - ISHARES LEHMAN 20
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