Market Maker Surveillance Report. BSX, COIN, SFIO, SGLA, OMVJF, POTG, Highest Net Sell Volume and Negative Price Friction For
June 30, 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 4143 companies with "abnormal" market making, 4491 companies with positive Friction Factors and 2234 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. BOSTON SCIENTIFIC CORP (NYSE:BSX), CONVERTED ORGANICS INC (NASDAQ:COIN), SMOKEFREE INNOTEC INC (OTC:SFIO), SINO GREEN LAND CORP (OTC:SGLA), OMV AG (OTC:OMVJF), (OTC:POTG). 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 $-0.020 -0.29% 4,395,932 25.59% 5,736,696 33.40% -1,340,764 -670,382 COIN $-0.010 -7.14% 1,885,411 36.19% 3,324,387 63.81% -1,438,976 -1,438,976 SFIO $-0.027 -80.66% 33,212,625 39.56% 43,173,908 51.43% -9,961,283 -3,730,818 SGLA $-0.044 -29.33% 55,000 3.28% 1,616,667 96.42% -1,561,667 -354,924 OMVJF $-0.840 -1.96% 3,880,000 23.69% 12,500,000 76.31% -8,620,000 -102,619 POTG $-0.120 -15.00% 11,973,997 43.59% 13,757,371 50.09% -1,783,374 -148,615Analysis 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 $-0.02000 with a Friction Factor of -670,382 and a Net Volume of -1,340,764. That means that it takes 670,382 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.
CONVERTED ORGANICS INC (NASDAQ:COIN) - Converted Organics Inc. manufactures all-natural fertilizer and soil amendment products combining disease suppression and nutrition characteristics from food waste and other raw materials. The company sells and distributes its products in agribusiness, turf management, and retail markets. Converted Organics, Inc. was founded in 2003 and is headquartered in Boston, Massachusetts.
SMOKEFREE INNOTEC INC (OTC:SFIO) - Smokefree Innotec, Inc., a development stage company, engages in the design, development, manufacture, and marketing of smokeless nicotine delivery cigarettes. Its cigarettes are electronic devices that are smoke-free and tobacco-free. The company was formerly known as Courtside Products, Inc. and changed its name to Smokefree Innotec, Inc. in December 2008. Smokefree Innotec, Inc. is headquartered in Nashville, Tennessee.
SINO GREEN LAND CORP (OTC:SGLA) - Sino Green Land Corp, through its subsidiaries, engages in the wholesale distribution, marketing, and sale of various fruits and vegetables in the People's Republic of China. The company offers fuji apples, emperor bananas, and tangerine oranges. It sells its products through wholesale centers to various wholesale fruit and vegetable distributors located in Beijing and Guangdong. The company is headquartered in Guang Zhou, the People's Republic of China.
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.
(OTC:POTG) -
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