Market Maker Surveillance Report. VPFG, VPFG, WAMUQ, WAMUQ, Bullishly Biased Price Friction For Monday, May 23rd 2011
May 23, 2011 / M2 PRESSWIRE / BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Monday. 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 Monday there were 2514 companies with "abnormal" market making, 1231 companies with positive Friction Factors and 4207 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. VIEWPOINT FINANCIAL GROUP (NASDAQ:VPFG), VIEWPOINT FINANCIAL GROUP (NASDAQ:VPFG), WASHINGTON MUTUAL INC (OTC:WAMUQ), WASHINGTON MUTUAL INC (OTC:WAMUQ). 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 VPFG $0.080 0.64% 48,387 5.12% 896,381 94.84% -847,994 Abnormal VPFG $0.080 0.64% 48,387 5.12% 896,381 94.84% -847,994 Abnormal WAMUQ $0.030 37.97% 47,702,566 48.45% 49,703,091 50.48% -2,000,525 Abnormal WAMUQ $0.030 37.97% 47,702,566 48.45% 49,703,091 50.48% -2,000,525 AbnormalAnalysis of the Friction Factor chart above shows that each of the six stocks mentioned above had more selling than buying on Monday 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 VPFG with 847,994 greater shares of selling than buying (NetVol) and the stock price was up $0.08000. 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.
VIEWPOINT FINANCIAL GROUP (NASDAQ:VPFG) - ViewPoint Financial Group operates as the holding company for ViewPoint Bank, which provides financial services in Collin and Dallas Counties and surrounding communities in north Texas. The company primarily generates deposits and originates loans. Its deposit product portfolio includes checking, savings, money market, demand accounts, and certificates of deposit. The companys loan product line comprises real estate loans, such as one-to four-family residential and commercial real estate loans, commercial construction, and home equity loans; consumer loans, including new and used automobile loans, recreational vehicle loans, student loans, loans secured by savings deposits, and unsecured loans; commercial business loans, including loans to finance business working capital, commercial vehicles, and equipment, as well as lines of credit; and warehouse lending. It also offers brokerage services for the purchase and sale of non-deposit investment and insurance products through a third party brokerage arrangement. As of December 31, 2009, ViewPoint Financial Group had 41 locations, including 2 in-store banking centers, 15 loan production offices, and 5 administrative offices. The company is headquartered in Plano, Texas. Viewpoint Financial Group operates as a subsidiary of Viewpoint MHC.
VIEWPOINT FINANCIAL GROUP (NASDAQ:VPFG) - ViewPoint Financial Group operates as the holding company for ViewPoint Bank, which provides financial services in Collin and Dallas Counties and surrounding communities in north Texas. The company primarily generates deposits and originates loans. Its deposit product portfolio includes checking, savings, money market, demand accounts, and certificates of deposit. The companys loan product line comprises real estate loans, such as one-to four-family residential and commercial real estate loans, commercial construction, and home equity loans; consumer loans, including new and used automobile loans, recreational vehicle loans, student loans, loans secured by savings deposits, and unsecured loans; commercial business loans, including loans to finance business working capital, commercial vehicles, and equipment, as well as lines of credit; and warehouse lending. It also offers brokerage services for the purchase and sale of non-deposit investment and insurance products through a third party brokerage arrangement. As of December 31, 2009, ViewPoint Financial Group had 41 locations, including 2 in-store banking centers, 15 loan production offices, and 5 administrative offices. The company is headquartered in Plano, Texas. Viewpoint Financial Group operates as a subsidiary of Viewpoint MHC.
WASHINGTON MUTUAL INC (OTC:WAMUQ) - Washington Mutual, Inc., together with its subsidiaries, operates as a consumer and small business banking company in the United States. It operates in four segments: Retail Banking Group, Card Services Group, Commercial Group, and Home Loans Group. The Retail Banking Group segment offers deposit and other retail banking products and services, which include checking and interest-bearing checking, personal checking, savings, money market deposit, and time deposit accounts to consumers and small businesses; loan products comprising home loans, home equity loans, home equity lines of credit, and mortgage loans; and investment advisory and brokerage services. The Card Services Group segments operations consist of issuing credit cards, holding outstanding balances on credit cards in portfolio or securitizing and selling them, servicing credit card accounts, and providing other cardholder services. The Commercial Group segment provides finance to developers and investors for multi family dwellings and other commercial properties, services multi family and other commercial real estate loans, and provides limited deposit services to commercial customers. The Home Loans Group segment originates, fulfills, and services home loans, and home equity loans and lines of credit; manages capital market operations; and holds the companys held for investment portfolios of home loans, home equity loans, and home equity lines of credit made to higher risk borrowers through the subprime mortgage channel. As of December 31, 2007, the company operated 2,257 retail banking stores and 233 lending stores and centers in 36 states. Washington Mutual, Inc. was founded in 1889 and is headquartered in Seattle, Washington. On September 26, 2008, Washington Mutual Inc. filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the District of Delaware.
WASHINGTON MUTUAL INC (OTC:WAMUQ) - Washington Mutual, Inc., together with its subsidiaries, operates as a consumer and small business banking company in the United States. It operates in four segments: Retail Banking Group, Card Services Group, Commercial Group, and Home Loans Group. The Retail Banking Group segment offers deposit and other retail banking products and services, which include checking and interest-bearing checking, personal checking, savings, money market deposit, and time deposit accounts to consumers and small businesses; loan products comprising home loans, home equity loans, home equity lines of credit, and mortgage loans; and investment advisory and brokerage services. The Card Services Group segments operations consist of issuing credit cards, holding outstanding balances on credit cards in portfolio or securitizing and selling them, servicing credit card accounts, and providing other cardholder services. The Commercial Group segment provides finance to developers and investors for multi family dwellings and other commercial properties, services multi family and other commercial real estate loans, and provides limited deposit services to commercial customers. The Home Loans Group segment originates, fulfills, and services home loans, and home equity loans and lines of credit; manages capital market operations; and holds the companys held for investment portfolios of home loans, home equity loans, and home equity lines of credit made to higher risk borrowers through the subprime mortgage channel. As of December 31, 2007, the company operated 2,257 retail banking stores and 233 lending stores and centers in 36 states. Washington Mutual, Inc. was founded in 1889 and is headquartered in Seattle, Washington. On September 26, 2008, Washington Mutual Inc. filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the District of Delaware.
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