Market Maker Surveillance Report. SIRI, MU, INTC, NUVA, MSOA, OMVJF, Highest Net Sell Volume and Negative Price Friction For W
June 15, 2011 / M2 PRESSWIRE / BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Wednesday. 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 Wednesday there were 4151 companies with "abnormal" market making, 1625 companies with positive Friction Factors and 5334 companies with negative Friction Factors. Here is a list of the top companies with the highest net sell volume on Wednesday 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. SIRIUS XM RADIO INC (NASDAQ:SIRI), MICRON TECHNOLOGY INC (NASDAQ:MU), INTEL CORP (NASDAQ:INTC), NUVASIVE INC (NASDAQ:NUVA), MY SOCIAL INCOME INC (OTC:MSOA), OMV AG (OTC:OMVJF). 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 SIRI $-0.010 -0.51% 46,747,437 46.97% 52,774,401 53.03% -6,026,964 -6,026,964 MU $-0.340 -4.05% 19,339,222 44.67% 23,811,880 55.00% -4,472,658 -131,549 INTC $-0.400 -1.83% 22,404,059 45.48% 26,399,683 53.59% -3,995,624 -99,891 NUVA $-0.160 -0.45% 1,942,975 32.39% 5,683,801 94.76% -3,740,826 -233,802 MSOA $-0.092 -92.10% 38,151,304 39.75% 57,689,277 60.10% -19,537,973 -2,121,387 OMVJF $-0.840 -1.96% 3,880,000 23.69% 12,500,000 76.31% -8,620,000 -102,619Analysis 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 SIRI down $-0.01000 with a Friction Factor of -6,026,964 and a Net Volume of -6,026,964. That means that it takes 6,026,964 more shares of selling than buying to drop SIRI by one penny. On Monday the Market Makers allowed the stock to move down on heavier selling than buying (low negative friction).
SIRIUS XM RADIO INC (NASDAQ:SIRI) - Sirius XM Radio Inc. provides satellite radio services in the United States and Canada. The company offers a programming lineup of approximately 135 channels of commercial-free music, sports, news, talk, entertainment, and traffic and weather. It also provides music channels that offer music genres, ranging from rock, pop and hip-hop to country, dance, jazz, Latin, and classical; channels of sports; talk and entertainment channels; comedy channels; national, international, and financial news channels; and religious channels. As of December 31, 2009, Sirius XM Radio had 18,772,758 subscribers. In addition, it provides music services for commercial establishments; music and comedy channels to mobile phone users; and music channels and select non-music channels over the Internet; a suite of data services; services that offer graphic information; and various real-time weather services, as well as operates a television service, which provides content designed primarily for children in the backseat of vehicles. Further, the company engages in the distribution of satellite radios for use in cars, trucks, homes, offices, boats, or other locations. Sirius XM Radio distributes its satellite radios primarily through automakers, retailers, and Web sites, as well as offers to customers of rental car companies. Further, it provides home units that offer satellite services to home and commercial audio systems, and products that provide access to the Internet radio services in the home without the personal computer. The company was formerly known as Sirius Satellite Radio Inc. and changed its name to Sirius XM Radio Inc. in August 2008. Sirius XM Radio Inc. was founded in 1990 and is headquartered in New York, New York.
MICRON TECHNOLOGY INC (NASDAQ:MU) - Micron Technology, Inc., together with its subsidiaries, engages in the manufacture and marketing of semiconductor devices worldwide. Its products include dynamic random access memory (DRAM) products that provide data storage and retrieval, which include DDR2 and DDR3; and other specialty DRAM memory products, including DDR, SDRAM, DDR and DDR2 mobile low power DRAM, pseudo-static RAM, and reduced latency DRAM. The company also offers NAND flash memory products, which are electrically re-writeable and non-volatile semiconductor devices that retain content when power is turned off. In addition, it provides NOR flash memory products that are electrically re-writeable and non-volatile semiconductor memory devices; phase change memory products; and image sensor products. Micron Technologys products are used in a range of electronic applications, including personal computers, workstations, network servers, mobile phones, flash memory cards, USB storage devices, digital still cameras, MP3/4 players, and in automotive applications. It sells its products to original equipment manufacturers and retailers through internal sales force, independent sales representatives, and distributors, as well as through a Web-based customer direct sales channel. The company was founded in 1978 and is headquartered in Boise, Idaho.
INTEL CORP (NASDAQ:INTC) - Intel Corporation engages in the design, manufacture, and sale of integrated circuits for computing and communications industries worldwide. It offers microprocessor products used in notebooks, netbooks, desktops, servers, workstations, storage products, embedded applications, communications products, consumer electronics devices, and handhelds. The company also provides system on chip products that integrate its core processing functionalities with other system components, such as graphics, audio, and video, onto a single chip. In addition, it offers chipset products that send data between the microprocessor and input, display, and storage devices, including keyboard, mouse, monitor, hard drive, and CD, DVD, or Blu-ray drives; motherboards designed for desktop, server, and workstation platforms, and that has connectors for attaching devices to the bus; and wired and wireless connectivity products consisting of network adapters and embedded wireless cards used to translate and transmit data across networks. Further, the company provides NAND flash memory products primarily used in portable memory storage devices, digital camera memory cards, and solid-state drives; software products comprising operating systems, middleware, and tools used to develop, run, and manage various enterprise, consumer, embedded, and handheld devices; and software development tools that enable the creation of applications. Additionally, it develops computing platforms, which are integrated hardware and software computing technologies designed to offer an optimized solution. The company sells its products principally to original equipment manufacturers, original design manufacturers, PC components and other products users, and other manufacturers of industrial and communications equipment. It has a strategic alliance with Scientific Conservation Inc. Intel Corporation was founded in 1968 and is based in Santa Clara, California.
NUVASIVE INC (NASDAQ:NUVA) - NuVasive, Inc., a medical device company, engages in the design, development, and marketing of products for the surgical treatment of spine disorders. Its products are used in applications for spine fusion surgery. The companys products include a minimally disruptive surgical platform called Maximum Access Surgery (MAS), as well as cervical, biologics, and motion preservation products. Its MAS platform combines four categories of product offerings, including NeuroVision, a proprietary software-driven nerve avoidance system; MaXcess, a split-blade design retraction system providing enhanced surgical access to the spine; Biologics, which includes FormaGraft and Osteocel line of products; and specialized implants, such as SpheRx and Armadatm pedicle screw systems, CoRoent suite of implants, and various fixation systems. The company also offers a range of bone allograft in patented saline packaging and spine implants, such as rods, plates, and screws, as well as Osteocel, a bone matrix product that offers three properties related to autograft, including osteoconduction, osteoinduction, and osteogenesis. In addition, it is developing motion preservation products, including lateral total disc replacement device. The company sells its products through independent sales agencies and direct sales representatives primarily in the United States. NuVasive, Inc. was founded in 1997 and is headquartered in San Diego, California.
MY SOCIAL INCOME INC (OTC:MSOA) - My Social Income, Inc. provides voice over Internet protocol services to wireless and wireline broadband customers. It offers CoIP programs, including MSI Connect, a portable prepaid calling account; MSI PSTN Connect, which connects the public network to the user with associated DID number; MSI Broadband Connect, a local phone service/long distance package for residential customers with broadband Internet service; and Send-a-Call, a prepaid calling account. The company markets its products directly, as well as through call centers and affiliate groups. My Social Income, Inc. was formerly known as InteleCom, Inc. The company was founded in 1997 and is based in Indianapolis, Indiana.
OMV AG (OTC:OMVJF) - OMV Aktiengesellschaft, an integrated energy supplier, engages in the exploration and development of oil and gas resources, and supplies energy in central and southeastern Europe. It operates in three segments: Exploration and Production (E&P); Refining and Marketing, including petrochemicals (R&M); and Gas and Power (G&P). The companys E&P segment engages in the exploration, development, and production of oil and gas primarily in central and southeastern Europe, North Africa, north-west Europe, the Middle East, Australia and New Zealand, and the Russian Federation and the Caspian Region. As of December 31, 2009, it had proved hydrocarbon reserves of approximately 1,118 million barrels of oil equivalent and proved oil and gas reserves of approximately 1,870 million barrels of oil equivalent. The companys R&M segment operates refineries that process oil and gas into petroleum products in Schwechat, Austria; Burghausen, southern Germany; and Arpechim and Petrobrazi, Romania. This segment also operates a network of approximately 2,433 filling stations in 13 central and southeast European countries. Its G&P segment engages in the gas transit through the transport within Austria, as well as in the gas storage, marketing, and trading. It operates 2,000 kilometer pipeline network and gas storage facilities with a capacity of approximately 2.3 billion cubic meters, as well as gas fired power plants. The company also produces polyolefins and melamine. OMV Aktiengesellschaft was founded in 1956 and is based in Vienna, Austria.
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