Market Maker Surveillance Report. KO, C, SIRI, COF, ATRN, MJNA, Highest Net Buy Volume With Lowest Price Friction For Wednesda
February 29, 2012 / M2 PRESSWIRE / BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Wednesday. 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 Wednesday there were 3496 companies with "abnormal" market making, 2196 companies with positive Friction Factors and 3918 companies with negative Friction Factors. Here is a list of the top companies with the highest net buy volume on Wednesday and lowest price Friction (bullish). This means that there was more buying than selling in the stocks and their stock prices rose faster with less Friction. COCA-COLA CO/THE (NYSE:KO), CITIGROUP INC (NYSE:C), Sirius XM Radio Inc (NASDAQ:SIRI), CAPITAL ONE FINANCIAL CORPORATION (NYSE:COF), Atrinsic Inc (OTC:ATRN), MEDICAL MARIJUANA INC (OTC:MJNA). 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 KO $1.010 1.47% 4,563,448 39.80% 2,568,254 22.40% 1,995,194 19,754 C $0.080 0.23% 13,003,002 30.77% 10,295,710 24.36% 2,707,292 338,412 SIRI $0.050 2.03% 49,231,347 51.87% 45,677,455 48.12% 3,553,892 710,778 COF $0.210 0.42% 5,262,499 23.23% 2,497,581 11.03% 2,764,918 131,663 ATRN $0.031 13.72% 6,285,866 56.92% 4,757,949 43.08% 1,527,917 492,876 MJNA $0.010 15.33% 28,667,070 58.31% 20,582,857 41.87% 8,084,213 8,004,171Analysis of the Friction Factor chart above shows that each of the six stocks mentioned above have high net dollar gains (Change) and very low price friction 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 KO with a Net Buy Volume of 1,995,194 shares and a Friction Factor of 19,754 shares. That means that it takes 19,754 more shares of buying than selling to move KO higher by one penny. This means the Market Makers are allowing the stock to move up higher as of Wednesday (lower friction). And with one of the highest Net Buy Volumes, the combination of low friction and high net buy volume is bullish.
COCA-COLA CO/THE (NYSE:KO) - The Coca-Cola Company manufactures, distributes, and markets nonalcoholic beverage concentrates and syrups worldwide. It principally offers sparkling and still beverages. The companys sparkling beverages include nonalcoholic ready-to-drink beverages with carbonation, such as energy drinks, and carbonated waters and flavored waters. Its still beverages consist of nonalcoholic beverages without carbonation, including noncarbonated waters, flavored waters and enhanced waters, noncarbonated energy drinks, juices and juice drinks, ready-to-drink teas and coffees, and sports drinks. The Coca-Cola Company also offers fountain syrups, syrups, and concentrates, such as flavoring ingredients and sweeteners. It markets its nonalcoholic beverages primarily under the Coca-Cola, Diet Coke, Fanta, and Sprite names. The company sells its finished beverage products primarily to distributors, and beverage concentrates and syrups to bottling and canning operators, distributors, fountain wholesalers, and fountain retailers. The Coca-Cola Company was founded in 1886 and is headquartered in Atlanta, Georgia.
CITIGROUP INC (NYSE:C) - Citigroup, Inc., a global financial services company, provides consumers, corporations, governments, and institutions with a range of financial products and services. The company operates through two segments, Citicorp and Citi Holdings. The Citicorp segment operates as a global bank for businesses and consumers with two primary businesses, Regional Consumer Banking and Institutional Clients Group. The Regional Consumer Banking business provides traditional banking services, including retail banking, and branded cards in North America, Asia, Latin America, Europe, the Middle East, and Africa. The Institutional Clients Group business provides securities and banking services comprising investment banking and advisory services, lending, debt and equity sales and trading, institutional brokerage, foreign exchange, structured products, cash instruments and related derivatives, and private banking; and transaction services consisting of treasury and trade solutions, and securities and fund services. The Citi Holdings segment operates Brokerage and Asset Management, Local Consumer Lending, and Special Asset Pool businesses. The Brokerage and Asset Management Business, through its 49% stake in Morgan Stanley Smith Barney joint venture and Nikko Cordial Securities, offers retail brokerage and asset management services. The Local Consumer Lending business provides residential mortgage loans, retail partner card loans, personal loans, commercial real estate, and other consumer loans, as well as western European cards and retail banking services. The Special Asset Pool business is a portfolio of securities, loans, and other assets. Citigroup Inc. has approximately 200 million customer accounts and operates in approximately 160 countries. The company was founded in 1812 and is based in New York, New York.
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.
CAPITAL ONE FINANCIAL CORPORATION (NYSE:COF) - Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association and Capital One, National Association, which provide various financial products and services to consumers, small businesses, and commercial clients in the United States, Canada, and the United Kingdom. It offers various deposits products comprising non-interest bearing deposits, NOW accounts, money market deposit accounts, savings accounts, and certificates of deposits. The company also involves in consumer and small business card lending, closed end installment lending, automobile lending, consumer mortgage lending, and servicing activities. In addition, it offers treasury management services to commercial real estate and middle market customers. The company was founded in 1993 and is headquartered in McLean, Virginia.
Atrinsic Inc (OTC:ATRN) - Atrinsic, Inc. operates as a direct to consumer Internet marketing company. The company sells entertainment and lifestyle subscription products direct to consumers through the Internet. It offers Kazaa, a subscription-based digital music service that enables users to download music files and ringtones; GatorArcade, a casual game subscription service that provides access to digital games, arcade games, strategy games, puzzles, and mobile entertainment; and subscription-based lifestyle services and clubs, which offer consumers an access to shopping and entertainment coupons and other services that could be redeemed online. The company also develops and manages search engine marketing campaigns for third party advertising clients, as well as offers online marketing services, including a display media platform, online and business intelligence, and brand protection. In addition, it enables advertisers to use its affiliate network to create partnerships with publishers to drive Website traffic, customer acquisitions, and online sales. Further, the company provides lead generation services. It serves corporate clients, advertisers, and end user consumers. The company was formerly known as New Motion, Inc. and changed its name to Atrinsic, Inc. in June 2009. Atrinsic, Inc. was founded in 2005 and is headquartered in New York, New York.
MEDICAL MARIJUANA INC (OTC:MJNA) - Medical Marijuana, Inc., a development stage company, provides a suite of solutions to medical marijuana industry operators to manage their businesses in the United States. The company offers integrated tax oversight and collection solutions to local, state, and federal governments; business management solutions; and turn-key management solutions to independent operators of medical marijuana collectives, co-ops, and dispensaries. It also focuses on providing testing and certification services, education programs, and consulting services to government and the medical marijuana industry. The company is based in Foothill Ranch, California.
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