Market Maker Surveillance Report. DSCM, ERIC, MFG, SPY, CX, EFA, Bullishly Biased Price Friction For Thursday, May 12th 2011
May 12, 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 2616 companies with "abnormal" market making, 2784 companies with positive Friction Factors and 1959 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. DRUGSTORE.COM INC (NASDAQ:DSCM), ERICSSON (NASDAQ:ERIC), MIZUHO FINANCIAL GROUP-ADR (NYSE:MFG), SPDR S&P 500 ETF TRUST (NYSE:SPY), CEMEX SAB-SPONS ADR PART CER (NYSE:CX), ISHARES MSCI EAFE INDEX FUND (NYSE:EFA). 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 DSCM $0.010 0.13% 161,682 11.42% 1,253,611 88.58% -1,091,929 Abnormal ERIC $0.030 0.21% 5,164,979 43.44% 6,265,041 52.69% -1,100,062 Abnormal MFG $0.090 2.74% 1,448,329 15.58% 4,043,737 43.49% -2,595,408 Abnormal SPY $0.790 0.59% 37,589,192 22.00% 39,469,655 23.10% -1,880,463 Abnormal CX $0.170 2.10% 3,827,125 27.70% 5,641,187 40.83% -1,814,062 Abnormal EFA $0.410 0.67% 4,430,988 20.03% 5,571,040 25.18% -1,140,052 AbnormalAnalysis of the Friction Factor chart above shows that each of the six stocks mentioned above had more selling than buying on Thursday 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 DSCM with 1,091,929 greater shares of selling than buying (NetVol) and the stock price was up $0.01000. 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.
DRUGSTORE.COM INC (NASDAQ:DSCM) - drugstore.com, inc. operates as an online provider of health, beauty, vision, and pharmacy products. The company operates in three segments: Over-The-Counter (OTC), Vision, and Mail-Order Pharmacy. The OTC segment offers non-prescription products in various categories, including personal care, makeup and accessories, hair care, skin care, mens, medicine cabinet, vitamins, gifts, oral care, green and natural, diet and fitness, household, pets, baby and mom, food and gourmet, sexual well-being, toys and games, and beauty products. This segment also provides personalized nutritional services to consumers; and delivers the personalized vitamins, minerals, herbs, and supplements, as well as distributes nutritional supplement programs online. The Vision segment offers contact lenses, reading glasses, contact lens cases, and other contact lens supplies. The Mail-Order Pharmacy segment provides prescription drugs and supplies to cash-paying and insurance-covered individuals through mail-order facility. The company also operates AllergySuperstore.com, a Web store that offers solutions for allergies. It has strategic agreements with Medco Health Solutions, Inc.; Rite Aid Corporation; General Nutrition Corporation; Amazon.com; Weil Lifestyle, LLC; and Luxottica Group, S.p.A. The company was founded in 1998 and is headquartered in Bellevue, Washington.
ERICSSON (NASDAQ:ERIC) - LM Ericsson Telephone Company provides communications equipment and related professional services, and multimedia solutions to mobile and fixed network operators worldwide. It operates in five segments: Networks, Professional Services, Multimedia, Sony Ericsson, and ST-Ericsson. The Networks segment provides products and solutions for wireless and wireline access; core networks solutions, including softswitch, IP infrastructure, IP multimedia subsystem, and media gateways; network management tools; and micro-wave and optical transmission solutions for mobile and fixed networks, as well as offers related network rollout services. The Professional Services segment delivers managed services comprising network operations, which include the management of day-to-day operations of customer networks, and hosting of service layer platforms and applications; systems integration services; consulting services, such as decision making, planning, and execution; education programs; and customer support services. The Multimedia segment offers TV solutions for operators, service providers, advertisers, and content providers; multimedia solutions for the consumer and enterprise markets; multimedia brokering solutions, which facilitate payment and distribution of content; service delivering and provisioning platforms that enable operators and service providers to create, sell, and manage multimedia offerings and multi-play offerings. The Sony Ericsson segment delivers mobile phones and accessories. The ST-Ericsson segment engages in the design, development, and creation of mobile platforms and wireless semiconductors. LM Ericsson Telephone Company was founded in 1876 and is headquartered in Stockholm, Sweden.
MIZUHO FINANCIAL GROUP-ADR (NYSE:MFG) - Mizuho Financial Group, Inc., through its subsidiaries, provides various banking and financial services in Japan and internationally. The company offers retail banking services, including housing and personal loans, credit cards, deposits, investment products, and consulting services; and corporate banking services comprising loans, syndicated loan arrangements, structured finance, advisory services, and capital markets financing services. It also provides derivatives and other risk hedging products; and securities services to individuals and corporate customers, as well as engages in the proprietary trading, such as foreign exchange and bond trading, and asset and liability management. In addition, the company offers wholesale securities and investment banking services, such as underwriting and trading of bonds and equities, advisory services, and structured finance. Further, it provides products and services related to trust, real estate, securitization and structured finance, pension and asset management, stock transfers, private banking, and trust and custody. Additionally, it offers non-banking services, including research and consulting services; information technology-related services; and advisory services to financial institutions. The company serves large corporations, financial institutions, public sector entities, foreign corporations, foreign governmental entities, individuals, small and medium sized enterprises, middle-market corporations, local governmental entities, and other public sector entities. It serves individual customers through its branch and automated teller machine network, as well as through telephone and Internet banking. As of March 31, 2010, the company had 431 branches in Japan. The company was founded in 2003 and is headquartered in Tokyo, Japan.
SPDR S&P 500 ETF TRUST (NYSE:SPY) - S&P DEP RECEIPTS
CEMEX SAB-SPONS ADR PART CER (NYSE:CX) - CEMEX, S.A.B. de C.V., through its subsidiaries, engages in the production, marketing, distribution, and sale of cement, ready-mix concrete, aggregates, and other construction materials. It sells its products primarily to distributors in the construction industry. The company has operations in North America, Europe, South America, Central America, the Caribbean, Africa, the Middle East, Australia, and Asia. CEMEX, S.A.B. de C.V. was founded in 1906 and is based in Garza Garcia, Mexico.
ISHARES MSCI EAFE INDEX FUND (NYSE:EFA) - ISHARES TRUST MSCI
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