Market Maker Surveillance Report. CHK, ANH, NOK, ORI, RAD, BX, Bearishly Biased Price Friction For Tuesday, April 17th 2012
April 17, 2012 / M2 PRESSWIRE / BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Tuesday. 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 Tuesday there were 3742 companies with "abnormal" market making, 3877 companies with positive Friction Factors and 1935 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. CHESAPEAKE ENERGY CORPORATION (NYSE:CHK), ANWORTH MORTGAGE ASSET CORP (NYSE:ANH), Nokia Oyj (NYSE:NOK), Old Republic International Corp (NYSE:ORI), RITE AID CORP (NYSE:RAD), BIOX Corp (NYSE:BX). 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 CHK $-0.070 -0.36% 6,130,508 33.40% 5,085,212 27.71% 1,045,296 Abnormal ANH $-0.010 -0.15% 1,053,637 59.07% 437,053 24.50% 616,584 Abnormal NOK $-0.020 -0.49% 21,440,809 38.21% 13,699,605 24.42% 7,741,204 Abnormal ORI $-0.010 -0.10% 1,425,277 47.00% 810,885 26.74% 614,392 Abnormal RAD $-0.020 -1.29% 8,588,438 39.99% 6,576,791 30.63% 2,011,647 Abnormal BX $-0.070 -0.48% 1,610,424 45.45% 918,022 25.91% 692,402 AbnormalAnalysis of the Friction Factor chart above shows that each of the six stocks mentioned above had more buying than selling on Tuesday 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 CHK with 1,045,296 greater shares of buying than selling (NetVol) and the stock price was down $-0.07000. 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.
CHESAPEAKE ENERGY CORPORATION (NYSE:CHK) - Chesapeake Energy Corporation, together with its subsidiaries, produces natural gas in the United States. The company focuses on discovering, acquiring, and developing conventional and unconventional natural gas reserves onshore in the United States, primarily in its six natural gas shale plays: the Barnett Shale in the Fort Worth Basin of north-central Texas; the Haynesville and Bossier Shales in the Ark-La-Tex area of northwestern Louisiana and east Texas; the Fayetteville Shale in the Arkoma Basin of central Arkansas; the Marcellus Shale in the northern Appalachian Basin of West Virginia, Pennsylvania; and New York and the Eagle Ford Shale in south Texas. It also has operations in the Granite Wash Plays of western Oklahoma and the Texas Panhandle regions, as well as various other plays, both conventional and unconventional, in the Mid-Continent, Appalachian Basin, Permian Basin, Delaware Basin, south Texas, Texas Gulf Coast and Ark-La-Tex regions. As of December 31, 2009, the company owned interests in approximately 44,100 productive wells; and had proved reserves of 14.254 (22,900 net) trillion cubic feet of natural gas equivalent. The company was founded in 1989 and is based in Oklahoma City, Oklahoma.
ANWORTH MORTGAGE ASSET CORP (NYSE:ANH) - Anworth Mortgage Asset Corporation operates as a real estate investment trust (REIT) in the United States. It invests primarily in the United States agency mortgage-backed securities (agency MBS) guaranteed by the United States government, including pass-through certificates, collateralized mortgage obligations (CMOs), and other types of MBS, such as mortgage derivative securities and mortgage warehouse participations, as well as in other mortgage related assets. The company's agency MBS portfolio includes adjustable-rate agency MBS, hybrid adjustable-rate agency MBS, fixed-rate Agency MBS, and agency floating-rate CMOs. It also invests in non-agency mortgage-backed securities comprising floating-rate CMOs. The company qualifies as a REIT for federal income tax purposes. As a REIT it would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Anworth Mortgage Asset Corporation was founded in 1997 and is based in Santa Monica, California.
Nokia Oyj (NYSE:NOK) - Nokia Corporation manufactures and sells mobile devices, and provides Internet and digital mapping and navigation services worldwide. Its Devices & Services segment develops and manages a portfolio of mobile devices; and services comprising applications and content. It also offers Internet services focusing on navigation, applications and games, music, and mail, as well as on the tools that enable developers to create applications under the Ovi brand name. The companys NAVTEQ segment provides various digital map information and related location-based content and services to mobile device and handset manufacturers, automobile manufacturers and dealers, navigation systems manufacturers, software developers, Internet portals, parcel and overnight delivery services companies, and governmental and quasi-governmental entities. Its map database enables its customers to offer advanced driver assistance systems, dynamic navigation, route planning, location-based services, and geographic information-based products and services to consumer and commercial users. Its Nokia Siemens Networks segment provides mobile and fixed network solutions and related services to operators and service providers. This segment offers various business solutions, such as consulting and systems integration; service management, and charging and billing software; and subscriber database management. It also provides managed services, including network planning, optimization, and network operations; software and hardware maintenance, proactive, and multi-vendor care, as well as competence development services; and project management, turnkey implementations, and energy efficient sites. In addition, this segment offers fixed and mobile network infrastructure comprising Flexi multiradio base stations, packet core products, optical transport systems, and broadband access equipment, as well as network solutions. Nokia Corporation was founded in 1865 and is based in Espoo, Finland.
Old Republic International Corp (NYSE:ORI) - Old Republic International Corporation, through its subsidiaries, engages in insurance underwriting business. It operates in three segments: General Insurance, Mortgage Guaranty, and Title Insurance. The General Insurance segment provides liability insurance coverages to businesses, government, and other institutions in transportation, commercial construction, forest products, energy, general manufacturing, and financial services sectors in North America. It provides various policies, such as automobile extended warranty insurance, aviation, commercial automobile insurance, general liability, home warranty insurance, inland marine, travel accident, and workers compensation, as well as liability coverage for claims arising from the acts of owners or employees, and protection for the physical assets of businesses. This segment also offers financial indemnity coverages, such as consumer credit indemnity, errors and omissions/directors and officers, guaranteed asset protection, and surety, as well as bonds that cover the exposures of financial institutions, and commercial and other enterprises for losses of monies, or debt and equity securities due to acts of employee dishonesty. The Mortgage Guaranty segment insures first mortgage loans, primarily on residential properties incorporating one-to-four family dwelling units to mortgage bankers, brokers, commercial banks, and savings institutions. The Title Insurance segment provides lenders' and owners' title insurance policies to real estate purchasers and investors based upon searches of the public records. It also provides escrow closing and construction disbursement services; and real estate information products, national default management services, and services related to real estate transfers and loan transactions. The company markets its products primarily through insurance agents and brokers, as well as by direct sales. Old Republic International Corporation was founded in 1887 and is based in Chicago, Illinois.
RITE AID CORP (NYSE:RAD) - Rite Aid Corporation, through its subsidiaries, operates retail drugstores in the United States. The companys drugstores primarily offer pharmacy services. It provides prescription drugs and front end products, which include over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, beverages, convenience foods, greeting cards, seasonal merchandise, and various other everyday and convenience products, as well as photo processing products. The company sells its products under the Rite Aid brand. It offers its products to customers covered by third party payors, such as insurance companies, prescription benefit management companies, government agencies, private employers or other managed care providers. As of February 27, 2010, the company operated 4,780 retail drugstores in 31 states, as well as in the District of Columbia. It has a strategic alliance with GNC to operate GNC stores within Rite Aid stores. The company was founded in 1927 and is headquartered in Camp Hill, Pennsylvania.
BIOX Corp (NYSE:BX) - The Blackstone Group, L.P., together with its subsidiaries, provides alternative asset management and financial advisory services worldwide. The company operates in four segments: Private Equity, Real Estate, Credit and Marketable Alternatives, and Financial Advisory. The Private Equity segment involves in private equity investing through five general private equity funds and one specialized fund focusing on communications-related investments. This segment engages in various transactions comprising leveraged buyout acquisitions of companies, transactions involving start-up businesses in established industries, minority investments, corporate partnerships, distressed debt, structured securities, and industry consolidations. The Real Estate segment manages opportunistic real estate funds, internationally focused real estate funds, European focused real estate fund, and real estate debt investment funds. This segment invests in lodging, urban office buildings, and various real estate operating companies. The Credit and Marketable Alternatives segment engages in the management of funds of hedge funds, credit-oriented funds, CLO vehicles, and publicly-traded closed-end mutual funds. The Financial Advisory segment offers corporate, and mergers and acquisitions advisory services; restructuring and reorganization advisory services; and fund placement services for alternative investment funds. Blackstone Group Management L.L.C. operates as the general partner of the company. The Blackstone Group, L.P. was founded in 1985 and is headquartered in New York, New York.
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Friction Factor -- market maker surveillance system tracking Level II market makers in all stocks to determine Price Friction and compliance with new "Fair Market Making Requirements"
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Seasonality -- predicts probability, price move and length of move based on exact time of year for all US stocks.
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