Market Maker Surveillance Report. GE, GT, CVI, MGM, HGSI, OGZPY, Bullishly Biased Price Friction For Thursday, April 19th 2012
April 19, 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 3616 companies with "abnormal" market making, 2236 companies with positive Friction Factors and 3230 companies with negative Friction Factors. Here is a list of the top companies with Abnormal Price Friction (bullish bias) in their stock prices. This means that there was more selling than buying in the stocks and their stock prices rose. GENERAL ELECTRIC COMPANY (NYSE:GE), GOODYEAR TIRE & RUBBER CO (NYSE:GT), CVR ENERGY INC (NYSE:CVI), MGM RESORTS INTERNATIONAL (NYSE:MGM), HUMAN GENOME SCIENCES INC (NASDAQ:HGSI), GAZPROM OAO-SPON ADR (OTC:OGZPY). 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 GE $0.030 0.14% 12,510,798 24.74% 16,743,255 33.11% -4,232,457 Abnormal GT $0.420 3.91% 4,522,253 26.59% 6,372,605 37.47% -1,850,352 Abnormal CVI $2.280 8.18% 7,848,700 30.26% 9,680,895 37.33% -1,832,195 Abnormal MGM $0.030 0.22% 3,665,525 23.34% 5,475,722 34.87% -1,810,197 Abnormal HGSI $7.180 100.14% 60,295,956 47.85% 64,054,852 50.83% -3,758,896 Abnormal OGZPY $0.030 0.26% 482,724 21.69% 1,640,834 73.73% -1,158,110 AbnormalAnalysis of the Friction Factor chart above shows that each of the six stocks mentioned above had more selling than buying on Thursday and their stock prices rose. 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 GE with 4,232,457 greater shares of selling than buying (NetVol) and the stock price was up $0.03000. This means the Market Makers were trading the stock in a way inconsistent with normal supply and demand (Economics 101); more selling than buying should cause prices to drop.
GENERAL ELECTRIC COMPANY (NYSE:GE) - General Electric Company (GE) operates as a technology, media, and financial services company worldwide. Its Energy Infrastructure segment produces gas, steam, and aero derivative turbines; generators; combined cycle systems; and renewable energy solutions, as well as provides water treatment services and equipment. This segment also sells surface and subsea drilling and production systems, floating production platform equipment, compressors, turbines, turboexpanders, and high pressure reactors to oil and gas companies. The companys Technology Infrastructure segment manufactures jet engines, turboprop and turbo shaft engines, and its replacement parts for use in military and commercial aircraft, as well as provides repair and maintenance services. This segment also produces healthcare products, including diagnostic imaging systems; offers transportation products and maintenance services; provides enterprise solutions using sensors for temperature, pressure, moisture, gas and flow rate, as well as non-destructive testing inspection equipment. GEs NBC Universal segment engages in the production and distribution of films and television programs; operation of television stations and cable/satellite television networks, as well as theme parks. The companys Capital Finance segment offers commercial lending and leasing products to manufacturers, distributors, and end-users of equipment and capital assets; consumer financial services to consumers and retailers; capital and investment solutions for real estate; commercial finance to the energy and water industries; and commercial aircraft leasing and finance, and fleet and financing solutions. Its Consumer & Industrial segment produces various home appliances, lighting products, and electrical equipment and control products, as well as provides related services. The company has a joint venture with Shenhua International Limited. The company was founded in 1892 and is based in Fairfield, Connecticut.
GOODYEAR TIRE & RUBBER CO (NYSE:GT) - The Goodyear Tire & Rubber Company engages in the development, manufacture, distribution, and sale of tires, and related products and services to consumer and commercial customers worldwide. It offers various lines of rubber tires for automobiles, trucks, buses, aircraft, motorcycles, farm implements, earthmoving and mining equipment, industrial equipment, and various other applications. The company provides tires under the Goodyear, Dunlop, Kelly, Fulda, Debica, Sava, and various other Goodyear owned house brands, as well as under the private-label brands. It also retreads truck, aviation, and off-the-road tires; manufactures and sells tread rubber and other tire retreading materials; provides automotive repair services, and miscellaneous other products and services; and produces and sells flaps for truck tires and other types of tires. In addition, it manufactures and markets chemicals and natural rubber products. The company operates approximately 1,500 tire and auto service center outlets, where it offers its products for retail sale and provides automotive repair and other services. The Goodyear Tire & Rubber Company was founded in 1898 and is headquartered in Akron, Ohio.
CVR ENERGY INC (NYSE:CVI) - CVR Energy, Inc., together with its subsidiaries, refines and markets transportation fuels in the United States. The company also produces and markets nitrogen fertilizer products. It operates through two segments, Petroleum and Nitrogen Fertilizer. The Petroleum segment owns and operates a coking medium-sour oil refinery in southeast Kansas; a crude oil gathering system serving Kansas, Oklahoma, western Missouri, eastern Colorado, and southwestern Nebraska; and terminal facilities for asphalt and refined fuels in Phillipsburg, Kansas, as well as owns a proprietary pipeline system that transports crude oil from Caney and Kansas to its refinery. This segments refinery products comprise gasoline, diesel fuel, coke, propane, butane, slurry, reformer feeds, sulfur, gas oil, and produced fuel. It serves refiners, convenience store companies, and railroads and farm cooperatives. The Nitrogen Fertilizer segment operates a nitrogen fertilizer plant in North America. It markets ammonia to industrial and agricultural customers, as well as offers UAN, a solution of urea and ammonium nitrate to agricultural customers. The company is based in Sugar Land, Texas.
MGM RESORTS INTERNATIONAL (NYSE:MGM) - MGM Resorts International, through its subsidiaries, owns and operates casino resorts in the United States. The companys resorts offer gaming, hotel, dining, entertainment, retail, and other resort amenities. It also owns and operates golf courses and a golf club. As of November 16, 2010, the company owned and operated 15 properties located in Nevada, Mississippi, and Michigan, and has 50% investments in 4 other properties in Nevada, Illinois, and Macau. In addition, MGM Resorts International has an agreement with the Mashantucket Pequot Tribal Nation, which owns and operates a casino resort under the MGM Grand brand name in Mashantucket, Connecticut. The company was formerly known as MGM MIRAGE and changed its name to MGM Resorts International on June 15, 2010. MGM Resorts International was founded in 1986 and is based in Las Vegas, Nevada.
HUMAN GENOME SCIENCES INC (NASDAQ:HGSI) - Human Genome Sciences, Inc. operates as a biopharmaceutical company. Its principal products in development include BENLYSTA for systemic lupus erythematosus; and raxibacumab for inhalation anthrax. The companys mid- and early-stage pipeline products comprise Mapatumumab for the treatment of non-small cell lung cancer, multiple myeloma, and hepatocellular cancer; IAP Inhibitors that are compounds, which block the activity of IAP (inhibitor of apoptosis) proteins, allowing apoptosis to proceed and causing the cancer cells to die; and CCR5 mAb, a human monoclonal antibody to the CCR5 receptor for the treatment of ulcerative colitis. Human Genome Sciences, Inc. also holds financial rights to certain products in the GlaxoSmithKline clinical development pipeline, including darapladib, a Phase III clinical trial product for the treatment of coronary heart disease and ischemic stroke; and Albiglutide for the treatment for type 2 diabetes, which is in Phase III clinical trial stage. The company has a license agreement with GlaxoSmithKline for the co-development and commercialization of BENLYSTA; and a collaboration and license agreement with Aegera Therapeutics, Inc. to develop and commercialize certain oncology molecules and related backup compounds. Human Genome Sciences, Inc. was founded in 1992 and is headquartered in Rockville, Maryland.
GAZPROM OAO-SPON ADR (OTC:OGZPY) - OAO Gazprom, together with its subsidiaries, engages in the exploration, production, transportation, and sale of gas in the Russian Federation and internationally. The company also involves in the production and processing of crude oil, gas condensates, and other hydrocarbons; and sale of refined products. In addition, it engages in the generation and sale of electric and heat energy; storage of gas; and construction, banking, and production of other goods, works, and services. As of December 31, 2009, the company had proved and probable reserves of approximately 21.9 trillion cubic meters of natural gas, 727.2 million tons of gas condensate, and 1,154.0 million tons of oil for a total of 140.2 bboe. It also owned 160.4 thousand kilometers long gas pipeline system, including 215 compressor stations on the pipelines with a total capacity of approximately 42.0 thousand MW; and owned and operated 25 underground gas storage facilities in the Russian Federation. The company is based in Moscow, the Russian Federation.
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