


Market Maker Surveillance Report. SCS, FCX, EP, M, LYB, QQQ, Bearishly Biased Price Friction For Monday, November 14th 2011
November 14, 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 3613 companies with "abnormal" market making, 1801 companies with positive Friction Factors and 4362 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. STEELCASE INC-CL A (NYSE:SCS), FREEPORT-MCMORAN COPPER (NYSE:FCX), EL PASO CORP (NYSE:EP), MACY'S INC (NYSE:M), LYONDELLBASELL INDU-CL A (NYSE:LYB), (NASDAQ:QQQ). 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 SCS $-0.080 -1.07% 1,657,714 78.36% 189,748 8.97% 1,467,966 Abnormal FCX $-0.160 -0.40% 9,358,294 51.67% 3,539,032 19.54% 5,819,262 Abnormal EP $-0.080 -0.32% 4,288,118 32.93% 2,768,988 21.26% 1,519,130 Abnormal M $-0.590 -1.89% 4,650,550 52.98% 1,718,495 19.58% 2,932,055 Abnormal LYB $-0.550 -1.52% 2,348,463 44.78% 856,642 16.34% 1,491,821 Abnormal QQQ $-0.230 -0.40% 24,661,611 52.57% 22,175,261 47.27% 2,486,350 AbnormalAnalysis 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 SCS with 1,467,966 greater shares of buying than selling (NetVol) and the stock price was down $-0.08000. 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.
STEELCASE INC-CL A (NYSE:SCS) - Steelcase Inc., together with its subsidiaries, engages in the manufacture and sale of furniture systems and seating products, user-centered technologies, and interior architectural products primarily in North America, Europe, and Asia. It provides a range of furniture products, including panel-based and freestanding furniture systems, as well as complementary products consisting of storage, tables, and ergonomic worktools; interior architectural products, such as full and partial height walls and doors; and seating products, which comprise ergonomic chairs, lounge seating, general use chairs, and specialty healthcare seating products. The company also offers visual communication products comprising static and electronic whiteboards; Web-based communication tools; and surface materials, including textiles, wall coverings, shades, screens, and surface imagings primarily to architects and designers for use in business, residential, healthcare, and hospitality applications. In addition, it provides workplace strategy consulting, product design and innovation, lease origination, and furniture and asset management services. The company offers its products to the corporate, government, healthcare, education, and retail customers primarily under the Steelcase, Turnstone, Details, and Nurture, as well as Coalesse and Designtex brands through various channels, including independent dealers and company-owned dealers, as well as directly to end users. It was formerly known as The Metal Office Furniture Company and changed its name to Steelcase Inc. in 1954. Steelcase Inc. was founded in 1912 and is headquartered in Grand Rapids, Michigan.
FREEPORT-MCMORAN COPPER (NYSE:FCX) - Freeport-McMoRan Copper & Gold Inc. engages in the exploration, mining, and production of mineral resources. It primarily explores for copper, gold, molybdenum, silver, and cobalt deposits. The company holds interests in various properties located in North and South America; Grasberg minerals district in Indonesia; and Tenke Fungurume minerals district in the Democratic Republic of Congo. As of December 31, 2009, its consolidated recoverable proven and probable reserves totaled 104.2 billion pounds of copper, 37.2 million ounces of gold, 2.59 billion pounds of molybdenum, 270.4 million ounces of silver, and 0.78 billion pounds of cobalt. Freeport-McMoRan Copper & Gold Inc. was founded in 1987 and is headquartered in Phoenix, Arizona.
EL PASO CORP (NYSE:EP) - El Paso Corporation operates in the natural gas transmission, and exploration and production sectors of the energy industry primarily in the United States. It offers natural gas transmission services to a range of customers, including natural gas producers, marketers, and end-users, as well as other natural gas transmission, distribution, and electric generation companies through its interests in approximately 42,000 miles of interstate pipeline system. The company also operates approximately 230 billion cubic feet of storage capacity, and an LNG receiving terminal and related facilities in Elba Island, Georgia. El Paso also focuses on the exploration, acquisition, development, and production of natural gas, oil, and natural gas liquids in the United States, Brazil, and Egypt. As of December 31, 2009, it held an estimated 2.75 trillion cubic feet of natural gas equivalents of proved natural gas and oil reserves. El Paso Corporation has a joint venture agreement with AGL Resources Inc. to distribute liquefied natural gas (LNG) across the southeastern United States to the heavy-duty transportation market. The company was founded in 1928 and is based in Houston, Texas.
MACY'S INC (NYSE:M) - Macys, Inc., together with it subsidiaries, operates department stores and Internet Websites in the United States. The companys retail stores and Websites sell a range of merchandise, including mens, womens, and childrens apparel; and accessories, cosmetics, home furnishings, and other consumer goods. As of January 30, 2010, it operated 850 stores in 45 states, the District of Columbia, Guam, and Puerto Rico under the names Macys and Bloomingdales, as well as Websites under macys.com and bloomingdales.com names. The company was formerly known as Federated Department Stores, Inc. and changed its name to Macys, Inc. in June 2007. Macys, Inc. was founded in 1820 and is based in Cincinnati, Ohio.
LYONDELLBASELL INDU-CL A (NYSE:LYB) - LyondellBasell Industries N.V., together with its subsidiaries, primarily manufactures and sells chemicals and polymers worldwide. The companys Olefins and Polyolefins segment offers olefins, including ethylene; olefins co-products, such as propylene, butadiene, and aromatics comprising benzene and toluene; ethanol; polyolefins, such as polyethylene and polypropylene; catalloy process resins; polypropylene-based compounds, materials, and alloys; and polybutene-1 polymers. Its Intermediates and Derivatives segment provides propylene oxide (PO); PO co-products, including styrene and TBA intermediates tertiary butyl alcohol, isobutylene, and tertiary butyl hydroperoxide; PO derivatives, such as propylene glycol, propylene glycol ethers, and butanediol; ethylene derivatives, such as ethylene glycol, ethylene oxide, and other ethylene oxide derivatives; acetyls, including vinyl acetate monomer, acetic acid, and methanol; and fragrance and flavor chemicals. The companys Refining and Oxyfuels segment offers refined petroleum products consisting of gasoline, ultra-low sulfur diesel, jet fuel, lubricants, alkylate, and oxygenated fuels, such as methyl tertiary butyl ether and ethyl tertiary butyl ether. Its Technology segment involves in the licensing of polyolefin process technologies; and supply of polyolefin catalysts and advanced catalysts. The company was founded in 2005 and is based in Rotterdam, Netherlands. LyondellBasell Industries N.V. is a subsidiary of Prochemie GmbH.
(NASDAQ:QQQ) -
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