Market Maker Surveillance Report. SIRI, SATC, FMCC, QQQ, GRFS, HEV(H), Highest Net Sell Volume and Negative Price Friction For
September 29, 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 4257 companies with "abnormal" market making, 3158 companies with positive Friction Factors and 2696 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. SIRIUS XM RADIO INC (NASDAQ:SIRI), SATCON TECHNOLOGY CORP (NASDAQ:SATC), FREDDIE MAC (OTC:FMCC), (NASDAQ:QQQ), (NASDAQ:GRFS), (:HEV(H)). 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 $-0.150 -9.37% 92,732,084 47.93% 100,627,015 52.01% -7,894,931 -526,329 SATC $-0.140 -12.30% 817,369 17.94% 5,861,281 128.62% -5,043,912 -360,279 FMCC $-0.011 -4.29% 1,797,420 20.79% 6,772,276 78.32% -4,974,856 -4,441,836 QQQ $-0.500 -0.92% 50,457,366 43.20% 55,720,379 47.71% -5,263,013 -105,260 GRFS $-0.010 -0.16% 726,367 14.05% 4,443,624 85.95% -3,717,257 -3,717,257 HEV(H) $-0.050 -34.68% 3,633,824 25.38% 16,362,740 114.27% -12,728,916 -2,545,783Analysis 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 $-0.15000 with a Friction Factor of -526,329 and a Net Volume of -7,894,931. That means that it takes 526,329 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.
SATCON TECHNOLOGY CORP (NASDAQ:SATC) - Satcon Technology Corporation provides a suite of utility grade power conversion solutions and services for commercial and utility scale renewable energy installations and distributed energy markets in the United States and internationally. Its renewable energy solutions include utility grade inverters for solar photovoltaic and fuel cell applications that offer modular inverters for use in connection with large, utility-scale, renewable energy power systems, such as stationary fuel cell power plants, photovoltaic power plants, and distributed power generation systems. The companys PowerGate Plus inverters convert the DC power generated by a renewable energy source into useable AC power; and provides an interface with the electric utility grid, an energy storage device, and end user applications. Satcon Technology Corporations renewable energy solutions also comprise micro grid solutions that provide stable renewable power locally, at the point of demand. Its micro grid solutions also offer uninterupted utility grade renewable energy to deliver the energy security. Satcon Technology Corporation sells its products and services through direct sales personnel, distributors, and sales agents. The company was founded in 1985 and is headquartered in Boston, Massachusetts.
FREDDIE MAC (OTC:FMCC) - Freddie Mac provides credit guarantee for residential mortgages originated by mortgage lenders and invests in mortgage loans and mortgage-related securities. It operates in three segments: Investments, Single-Family Guarantee, and Multifamily. The Investments segment invests principally in mortgage-related securities and single-family mortgage loans; purchases mortgage loans and mortgage-related securities; and issues short-and long-term debt in the capital markets. The Single-Family Guarantee segment purchases single-family mortgages in the primary mortgage market, primarily through its guarantor swap program; securitizes certain mortgages; purchases and issues mortgage-related securities; and guarantees the payment of principal and interest on single-family mortgage-related securities. The Multifamily segment guarantees, securitizes, and invests in multifamily mortgages and commercial mortgage-backed security; and securitizes and guarantees the payment of principal and interest on multifamily mortgage-related securities and mortgages underlying multifamily housing revenue bonds. This segment also holds equity investments in various limited partnerships that sponsor low-and moderate-income multifamily rental apartments. The company principally serves lenders in the primary mortgage market that originate mortgages for homeowners and apartment owners, including mortgage banking companies, commercial banks, savings banks, community banks, insurance companies, credit unions, state and local housing finance agencies, and savings and loan associations in the United States. Freddie Mac was founded in 1970 and is based in McLean, Virginia.
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