Market Maker Surveillance Report. C, MU, T, ENTB, STTYF, QQQ, Bearishly Biased Price Friction For Thursday, March 22nd 2012
March 22, 2012 / 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 3777 companies with "abnormal" market making, 1741 companies with positive Friction Factors and 4073 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. CITIGROUP INC (NYSE:C), MICRON TECHNOLOGY INC (NASDAQ:MU), AT&T INC (NYSE:T), ENTEST BIOMEDICAL INC (OTC:ENTB), (OTC:STTYF), (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 C $-0.920 -2.43% 15,769,030 30.81% 12,991,230 25.38% 2,777,800 Abnormal MU $-0.030 -0.36% 17,529,635 53.95% 14,953,947 46.02% 2,575,688 Abnormal T $-0.130 -0.41% 45,375,616 74.68% 7,482,885 12.32% 37,892,731 Abnormal ENTB $-0.013 -43.33% 3,868,368 66.84% 1,919,048 33.16% 1,949,320 Abnormal STTYF $-0.043 -9.17% 18,265,042 232.35% 237,305 3.02% 18,027,737 Abnormal QQQ $-0.060 -0.09% 29,103,973 51.59% 26,790,472 47.49% 2,313,501 AbnormalAnalysis of the Friction Factor chart above shows that each of the six stocks mentioned above had more buying than selling on Thursday 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 C with 2,777,800 greater shares of buying than selling (NetVol) and the stock price was down $-0.92000. 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.
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.
MICRON TECHNOLOGY INC (NASDAQ:MU) - Micron Technology, Inc., together with its subsidiaries, engages in the manufacture and marketing of semiconductor devices worldwide. Its products include dynamic random access memory (DRAM) products that provide data storage and retrieval, which include DDR2 and DDR3; and other specialty DRAM memory products, including DDR, SDRAM, DDR and DDR2 mobile low power DRAM, pseudo-static RAM, and reduced latency DRAM. The company also offers NAND flash memory products, which are electrically re-writeable and non-volatile semiconductor devices that retain content when power is turned off. In addition, it provides NOR flash memory products that are electrically re-writeable and non-volatile semiconductor memory devices; phase change memory products; and image sensor products. Micron Technologys products are used in a range of electronic applications, including personal computers, workstations, network servers, mobile phones, flash memory cards, USB storage devices, digital still cameras, MP3/4 players, and in automotive applications. It sells its products to original equipment manufacturers and retailers through internal sales force, independent sales representatives, and distributors, as well as through a Web-based customer direct sales channel. The company was founded in 1978 and is headquartered in Boise, Idaho.
AT&T INC (NYSE:T) - AT&T Inc., together with its subsidiaries, provides telecommunication services to consumers, businesses, and other service providers worldwide. Its Wireless segment offers wireless voice communication services, including local wireless communications service, long-distance service, and roaming services. This segment also sells various handsets, wirelessly enabled computers, and personal computer wireless data cards; and accessories comprising carrying cases, hands-free devices, batteries, battery chargers and, other items. This segment sells its products through its own stores, or through agents or third party retail stores. The companys Wireline segment provides voice services, including local and long-distance services, calling card, 1-800 services, conference calling, wholesale switched access service, caller ID, call waiting, and voice mail services; and application management, security service, integration services, customer premises equipment, outsourcing, government-related services, and satellite video services. This segment also offers data services, such as switched and dedicated transport, Internet access and network integration, data equipment, and U-verse services; high-speed connections comprising private lines, packet, dedicated Internet, and enterprise networking services, as well as DSL/broadband, dial-up Internet access, and WiFi products; businesses voice applications over IP-based networks; and local, interstate, and international wholesale networking capacity to other service providers. In addition, its Advertising solutions segment publishes yellow and white pages directories; and sells directory advertising and Internet-based advertising and local search. The company was formerly known as SBC Communications Inc. and changed its name to AT&T Inc. in November 2005 as a result of merger with AT&T Corp. AT&T Inc. was founded in 1983 and is based in Dallas, Texas.
ENTEST BIOMEDICAL INC (OTC:ENTB) - Entest BioMedical, Inc. engages in the development of stem cell therapy treatments for chronic obstructive pulmonary disease. The company also develops immuno-cancer therapies, testing procedures for diabetes, and stem cell research applications for diabetes and other illnesses. In addition, it involves in the medical device development, including stem cell extraction instrumentation. The company was founded in 2008 and is based in La Mesa, California. Entest BioMedical, Inc. is a subsidiary of Bio-Matrix Scientific Group, Inc.
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