Market Maker Surveillance Report. SIRI, RAD, ESRX, CAMS, EJPRY, CSOC, Highest Net Sell Volume and Negative Price Friction For
September 26, 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 4471 companies with "abnormal" market making, 3152 companies with positive Friction Factors and 3014 companies with negative Friction Factors. Here is a list of the top companies with the highest net sell volume on Monday 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), RITE AID CORP (NYSE:RAD), EXPRESS SCRIPTS INC (NASDAQ:ESRX), CAMBRIAN SYSTEMS INC (OTC:CAMS), EAST JAPAN RAILWAY-UNSP ADR (OTC:EJPRY), (OTCBB:CSOC). 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 $-0.040 -2.35% 65,627,681 49.16% 67,855,620 50.83% -2,227,939 -556,985 RAD $-0.020 -1.58% 2,867,867 26.65% 3,497,862 32.50% -629,995 -314,998 ESRX $-0.100 -0.25% 3,494,466 45.46% 4,093,530 53.25% -599,064 -59,906 CAMS $-0.063 -96.15% 10,522,530 31.07% 23,340,945 68.93% -12,818,415 -2,050,946 EJPRY $-0.040 -0.40% 66,791 2.48% 2,469,503 91.72% -2,402,712 -600,678 CSOC $-0.030 -24.39% 240,709 24.21% 753,640 75.79% -512,931 -170,977Analysis 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 $-0.04000 with a Friction Factor of -556,985 and a Net Volume of -2,227,939. That means that it takes 556,985 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.
RITE AID CORP (NYSE:RAD) - Rite Aid Corporation, through its subsidiaries, operates retail drugstores in the United States. The companys drugstores primarily offer pharmacy services. It provides prescription drugs and front end products, which include over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, beverages, convenience foods, greeting cards, seasonal merchandise, and various other everyday and convenience products, as well as photo processing products. The company sells its products under the Rite Aid brand. It offers its products to customers covered by third party payors, such as insurance companies, prescription benefit management companies, government agencies, private employers or other managed care providers. As of February 27, 2010, the company operated 4,780 retail drugstores in 31 states, as well as in the District of Columbia. It has a strategic alliance with GNC to operate GNC stores within Rite Aid stores. The company was founded in 1927 and is headquartered in Camp Hill, Pennsylvania.
EXPRESS SCRIPTS INC (NASDAQ:ESRX) - Express Scripts, Inc. provides a range of pharmacy benefit management (PBM) services in North America. The companys PBM services include retail network pharmacy management and retail drug card programs; home delivery pharmacy services; specialty pharmacy services; patient care contact centers; benefit plan design and consultation; drug formulary management; compliance and therapy management programs; information reporting and analysis programs; rebate programs, electronic claims processing, and drug utilization review; consumer health and drug information; bio-pharma services, including reimbursement and customized logistics solutions; medication therapy and safety through pharmacogenomics; and assistance programs for low-income patients. It also engages in the distribution of pharmaceuticals and medical supplies to providers and clinics; fertility pharmaceuticals requiring special handling or packaging; and sample units to physicians, as well as the verification of practitioner licensure, healthcare account administration, and implementation of consumer-directed healthcare solutions. It serves HMOs, health insurers, third-party administrators, employers, union-sponsored benefit plans, workers compensation plans, government health programs, office-based oncologists, renal dialysis clinics, ambulatory surgery centers, primary care physicians, and retina specialists. Express Scripts was founded in 1986 and is headquartered in St. Louis, Missouri.
CAMBRIAN SYSTEMS INC (OTC:CAMS) - CAMBRIAN SYS INC
EAST JAPAN RAILWAY-UNSP ADR (OTC:EJPRY) - East Japan Railway Company operates as a passenger railway company in Japan. The companys Transportation segment provides passenger transportation services through passenger railway. It operates a five-route Shinkansen network between Tokyo and major cities in eastern Honshu in Japan. Its Station Space Utilization segment engages in retail sales business, as well as operates food and convenience stores that utilize space at stations. The companys Shopping Centers and Office Buildings segment engages in operating shopping centers other than station space utilization business, and leasing office buildings. It also offers various services, including advertising and publicity, hotel and restaurant, wholesale, truck delivery, cleaning, information processing, credit cards, freight, bus transportation, aerial cableway, travel agency, warehouse, parking lot operation, and publishing books and magazines. In addition, the company engages in financial services; sale of prepaid vouchers; memberships for sport and leisure facilities; telecommunications; computer-related data services; casualty insurance and other agency services; automobile maintenance and repair; sale of oil, gas, and car accessories; and sale of travel goods, food, medicines, cosmetics, and daily necessities. Further, it engages in various businesses, such as civil engineering and general construction; facilities construction; supply of electricity; leasing of personal property; agency for dry cleaning; photo development; ticket sales for events; sales, leasing, management, and brokerage of real estate; manufacture of transport-related machinery and equipment, precision and industrial machinery and tools, and signs and information boards, as well as aggregates, masonry materials, concrete posts, and blocks. Additionally, the company produces beverages and liquors; and processes and sells marine products. East Japan Railway Company was founded in 1987 and is headquartered in Tokyo, Japan.
(OTCBB:CSOC) -
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