Market Maker Surveillance Report. EWZ, XLF, BAC, KOS, CIM, S, Highest Net Sell Volume and Negative Price Friction For Thursday
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 the highest net sell volume on Thursday 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. ISHARES MSCI BRAZIL (NYSE:EWZ), FINANCIAL SELECT SECTOR SPDR (NYSE:XLF), BANK OF AMERICA CORP (NYSE:BAC), Structured Products Corp. 7.25% Corporate Backed Trust Securities Class (NYSE:KOS), CHIMERA INVESTMENT CORP (NYSE:CIM), SPRINT NEXTEL CORP (NYSE:S). 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 EWZ $-0.150 -0.20% 3,857,598 23.13% 7,514,537 45.06% -3,656,939 -243,796 XLF $-0.110 -0.69% 15,408,451 24.36% 17,690,151 27.97% -2,281,700 -207,427 BAC $-0.040 -0.33% 28,012,366 25.01% 35,422,365 31.63% -7,409,999 -1,852,500 KOS $-0.230 -1.26% 382,634 6.11% 2,981,676 47.63% -2,599,042 -113,002 CIM $-0.050 -1.27% 5,722,218 28.85% 8,244,499 41.57% -2,522,281 -504,456 S $-0.020 -0.39% 9,270,555 26.97% 14,204,044 41.32% -4,933,489 -2,466,745Analysis 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 EWZ down $-0.15000 with a Friction Factor of -243,796 and a Net Volume of -3,656,939. That means that it takes 243,796 more shares of selling than buying to drop EWZ by one penny. On Monday the Market Makers allowed the stock to move down on heavier selling than buying (low negative friction).
ISHARES MSCI BRAZIL (NYSE:EWZ) - ISHARE MSCI BRAZI
FINANCIAL SELECT SECTOR SPDR (NYSE:XLF) - FINANCIAL SEL SPD
BANK OF AMERICA CORP (NYSE:BAC) - Bank of America Corporation, a financial holding company, provides banking and nonbanking financial services and products to individuals, small- and middle-market businesses, large corporations, and governments in the United States and internationally. The companys Deposits segment generates savings accounts, money market savings accounts, certificate of deposits, and checking accounts; and Global Card Services segment provides the U.S. consumer and business card, consumer lending, international card and debit card services. Its Home Loans & Insurance segment offers consumer real estate products and services, including mortgage loans, reverse mortgages, home equity lines of credit, and home equity loans. It also provides property, disability, and credit insurance. The companys Global Commercial Banking segment offers lending products, including commercial loans and commitment facilities, real estate lending, leasing, trade finance, short-term credit, asset-based lending, and indirect consumer loans; and capital management and treasury solutions, such as treasury management, foreign exchange, and short-term investing options. Its Global Banking & Markets segment provides financial products, advisory services, settlement, and custody services; debt and equity underwriting and distribution, merger-related advisory services, and risk management products; and integrated working capital management and treasury solutions. The companys Global Wealth & Investment Management segment offers investment and brokerage services, estate management, financial planning services, fiduciary management, credit and banking expertise, and asset management products. Bank of America Corporation serves customers through a network of approximately 5,900 banking centers and 18,000 automated teller machines. It was formerly known as NationsBank Corporation and changed its name on October 1, 1998. Bank of America Corporation was founded in 1874 and is based in Charlotte, North Carolina.
Structured Products Corp. 7.25% Corporate Backed Trust Securities Class (NYSE:KOS) - Structured Products Corp. 7.25% Corporate Backed Trust Securities Class
CHIMERA INVESTMENT CORP (NYSE:CIM) - Chimera Investment Corporation, a real estate investment trust, invests in residential mortgage backed securities (RMBS), residential mortgage loans, real estate-related securities, asset backed securities (ABS), and various other asset classes in the United States. It invests in agency and non-agency RMBS; whole mortgage loans comprising prime, jumbo prime, and Alt-A mortgage loans; and ABS, including debt and equity tranches of CDOs, consumer and non-consumer ABS, and commercial mortgage backed securities. The company has elected to be treated as a REIT for federal income tax purposes and would not be subject to income tax, if it distributes at least 90% of its REIT taxable income to its share holders. Chimera Investment Corporation was incorporated in 2007 and is based in New York, New York.
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.
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