Market Maker Surveillance Report. VRA, SPN, S, ILMN, RGEN, YGE, Bearishly Biased Price Friction For Monday, October 10th 2011
October 10, 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 3368 companies with "abnormal" market making, 4683 companies with positive Friction Factors and 1303 companies with negative Friction Factors. Here is a list of the top companies with Abnormal Price Friction (bearish bias) in their stock prices. This means that there was more buying than selling in the stocks and their stock prices dropped. VERA BRADLEY INC (NASDAQ:VRA), SUPERIOR ENERGY SERVICES INC (NYSE:SPN), SPRINT NEXTEL CORP (NYSE:S), ILLUMINA INC (NASDAQ:ILMN), REPLIGEN CORP (NASDAQ:RGEN), YINGLI GREEN ENERGY HOLD-ADR (NYSE:YGE). 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
VRA $-0.340 -0.95% 596,600 67.33% 285,723 32.24% 310,877 Abnormal
SPN $-3.420 -12.48% 7,999,884 35.18% 5,724,991 25.18% 2,274,893 Abnormal
S $-0.150 -6.22% 109,155,287 35.72% 91,876,283 30.06% 17,279,004 Abnormal
ILMN $-0.690 -2.54% 3,625,302 55.09% 3,023,833 45.95% 601,469 Abnormal
RGEN $-0.030 -0.96% 544,535 76.96% 162,147 22.92% 382,388 Abnormal
YGE $-0.020 -0.58% 1,260,204 48.55% 825,667 31.81% 434,537 Abnormal
Analysis of the Friction Factor chart above shows that each of the six stocks mentioned above had more buying than selling on Monday and their stock prices dropped. 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 VRA with 310,877 greater shares of buying than selling (NetVol) and the stock price was down $-0.34000. This means the Market Makers were trading the stock in a way inconsistent with normal supply and demand (Economics 101); more buying than selling should cause prices to rise.
VERA BRADLEY INC (NASDAQ:VRA) - Vera Bradley, Inc., through its subsidiary, Vera Bradley Designs, Inc., engages in the design, production, marketing, and retail of functional accessories for women under the Vera Bradley brand. Its products include a range of handbags, accessories, and travel and leisure items. The company sells its products to independent retailers located in the United States, as well as to national retailers and third party e-commerce sites. As of January 29, 2011, Vera Bradley, Inc. sold its products directly through 35 full-price stores, 4 outlet stores, verabradley.com, and an annual outlet sale in Fort Wayne, Indiana. The company was founded in 1982 and is headquartered in Fort Wayne, Indiana.
SUPERIOR ENERGY SERVICES INC (NYSE:SPN) - Superior Energy Services, Inc. provides specialized oilfield services and equipment to serve the production and drilling related needs of oil and gas companies. The company operates through three segments: Subsea and Well Enhancement, Drilling Products and Services, and Marine. The Subsea and Well Enhancement provides various services, including coiled tubing, electric line, pumping and stimulation, gas lift, well control, snubbing, recompletion, engineering and well evaluation, offshore oil and gas tank and vessel cleaning, decommissioning, plug and abandonment, and mechanical wireline services. It provides mechanical wireline services in the Gulf of Mexico. This segment also manufactures and sells drilling rig instrumentation equipment. The Drilling Products and Services segment manufactures, sells, and rents equipment for use with offshore and onshore oil and gas well drilling, completion, production, and workover activities in Latin America, North America, the North Sea region, Continental Europe, the Middle East, Central Asia, West Africa, and the Asia Pacific region. Its drilling products and services comprise pressure control equipment, drill pipe and landing strings, connecting iron, handling tools, stabilizers, drill collars, torquing tools, and on-site accommodations. The Marine segment owns and operates a fleet of liftboats in the Gulf of Mexico and the Caribbean. As of December 31, 2009, it operated a fleet of 26 rental liftboats. The company was founded in 1991 and is based in New Orleans, Louisiana.
SPRINT NEXTEL CORP (NYSE:S) - Sprint Nextel Corporation, through its subsidiaries, offers wireless and wireline communications products and services to individual consumers, businesses, government subscribers, and resellers in the United States, Puerto Rico, and the U.S. Virgin Islands. The companys Wireless segment provides data transmission services, including mobile productivity applications, such as Internet access, messaging, and email services; wireless photo and video offerings; location-based capabilities comprising asset and fleet management, dispatch services, and navigation tools; and mobile entertainment applications; and local and long distance wireless voice services, voicemail, call waiting, three-way calling, caller identification, directory assistance, and call forwarding services. This segment also provides customized design, development, implementation, and support services for wireless services provided to large companies and government agencies, as well as sells accessories, such as carrying cases, hands-free devices, batteries, battery chargers, and other devices and accessories to subscribers, agents, and other third-party distributors for resale. The companys Wireline segment offers voice and data communications, including domestic and international data communications using various protocols, such as multiprotocol label switching technologies, IP, managed network services, voice over Internet protocol, session initiated protocol, and traditional voice services, as well as offers wholesale voice local and long distance services. This segment markets and sells its services primarily through direct sales representatives. The company offers its wireless and wireline voice and data transmission services under the Sprint, Nextel, Boost Mobile, Virgin Mobile, Assurance Wireless, and Common Cents. Sprint Nextel Corporation was founded in 1899 and is headquartered in Overland Park, Kansas.
ILLUMINA INC (NASDAQ:ILMN) - Illumina, Inc. develops, manufactures, and markets integrated systems for the analysis of genetic variation and biological function. Its instrumentation products include HiSeq 2000, an instrument for high-throughput (up to 200 Gb per run and up to 25 GB per day) sequencing using sequencing-by-synthesis (SBS) technology; Genome Analyzer IIx, an instrument for medium to high-throughput (up to 95 Gb per run) sequencing using SBS technology; Genome Analyzer IIe, an instrument for low to medium throughput (up to 40 Gb per run) sequencing using SBS technology; iScan System, a high-resolution imaging instrument to scan BeadArray based assays; and BeadXpress Reader, a low- to mid-multiplex, high-throughput instrument for readout of assays. The companys consumables consist of InfiniumHD Whole-Genome BeadChips comprising HumanOmniExpress, HumanOmni1-Quad, Human1M-Duo, and BovineHD, which are multi-sample DNA analysis microarrays; iSelect Custom Genotyping BeadChips that are customer designable SNP genotyping arrays; GoldenGate Assay Method, a high throughput assay and genotyping system; GoldenGate Universal-32 Sample BeadChip, which are 32 sample GoldenGate genotyping arrays; Paired-End Genomic DNA Sample Prep Kit, a streamlined library preparation kit to generate 200500 kb insert paired-end reads; VeraCode GoldenGate that are low plex GoldenGate genotyping arrays compatible with the BeadXpress System; Standard Sequencing Kit, reagents used for SBS chemistry on sequencing platforms; and Infinium Assay Kit, reagents used to perform Infinium assays on the iScan platform. It also provides sequencing and genotyping services. The companys customers include pharmaceutical, biotechnology, agrichemical, diagnostics, and consumer products companies, as well as research centers. It sells its products through distributors in North America, Europe, the Asia-Pacific, the Middle East, and South Africa. Illumina was founded in 1998 and is headquartered in San Diego, California.
REPLIGEN CORP (NASDAQ:RGEN) - Repligen Corporation, a biopharmaceutical company, engages in the development and commercialization of therapies that deliver value to patients and clinicians in neurology, gastroenterology, and orphan diseases. It sells a line of commercial bioprocessing products based on Protein A, as well as single or limited campaign use pre-packed chromatography columns, which are used in the production of monoclonal antibodies and other biopharmaceutical manufacturing applications. The company also offers intellectual property on monoclonal antibody and antibody fusion products consisting of CTLA4, a regulator of the activity of the immune system that provides a treatment for patients who are refractory to existing therapies, as well as certain autoimmune disorders, including rheumatoid arthritis; and Erbitux, a monoclonal antibody for the treatment of certain forms of colon cancer, as well as head and neck cancer. In addition, its development stage products include Secretin for MRI imaging of the pancreas; Uridine for bipolar depression; Histone Deacetylase Inhibitors for Friedreichs Ataxia; and DcpS Inhibitors for spinal muscular atrophy. Further, the company involves in the development and commercialization of products that are used for the production of biopharmaceuticals. It sells its products through value added resellers, as well as through distributors. The company was founded in 1981 and is headquartered in Waltham, Massachusetts.
YINGLI GREEN ENERGY HOLD-ADR (NYSE:YGE) - Yingli Green Energy Holding Company Limited, together with its subsidiaries, engages in the design, development, marketing, manufacture, installation, and sale of photovoltaic (PV) products in the Peoples Republic of China and internationally. The company offers PV cells, PV modules, and integrated PV systems, as well as polysilicon ingots, blocks, and wafers. It sells its PV modules to PV system integrators, installers, and distributors in Germany, Spain, Italy, Greece, France, South Korea, the United States, and the People's Republic of China under the brand names of Yingli and Yingli Solar. The company also offers its integrated PV systems directly to end-users or to contractors for use in the electricity projects, as well as to mobile communications companies in the People's Republic of China. Yingli Green Energy Holding Company Limited was founded in 1998 and is headquartered in Baoding, the Peoples Republic of China.
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