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Market Maker Surveillance Report. DNDN, BAC, MSFT, TC, CLGX, QQQ, Bearishly Biased Price Friction For Tuesday, May 8th 2012

^{Published on 2012-05-08 18:00:17 - WOPRAI}
 

May 8, 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 3949 companies with "abnormal" market making, 1902 companies with positive Friction Factors and 3801 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. DENDREON CORP (NASDAQ:DNDN), BANK OF AMERICA CORPORATION (NYSE:BAC), MICROSOFT CORPORATION (NASDAQ:MSFT), THOMPSON CREEK METALS CO INC (NYSE:TC), CORELOGIC INC (NYSE:CLGX), (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
  DNDN    $-2.940   -25.15%   14,596,108   55.17%    11,759,140   44.45%    2,836,968    Abnormal
  BAC     $-0.180   -2.26%    55,074,578   30.97%    48,982,489   27.55%    6,092,089    Abnormal
  MSFT    $-0.120   -0.39%    24,565,721   53.17%    21,568,147   46.68%    2,997,574    Abnormal
  TC      $-0.430   -9.27%    8,274,674    47.93%    3,876,541    22.45%    4,398,133    Abnormal
  CLGX    $-0.080   -0.46%    3,154,345    80.08%    401,290      10.19%    2,753,055    Abnormal
  QQQ     $-0.260   -0.40%    36,302,399   50.74%    28,516,179   39.86%    7,786,220    Abnormal

For example, the chart above shows DNDN with 2,836,968 greater shares of buying than selling (NetVol) and the stock price was down $-2.94000. 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.

DENDREON CORP (NASDAQ:DNDN) - Dendreon Corporation, a biotechnology company, engages in the discovery, development, and commercialization of therapeutics to enhance cancer treatment options for patients. The company offers active cellular immunotherapy and small molecule product candidates to treat various cancers. Its product candidates comprise Provenge (sipuleucel-T), an active cellular immunotherapy for the treatment of metastatic, castrate-resistant prostate cancer; DN24-02, an investigational active immunotherapy for the treatment of patients with bladder, breast, ovarian, and other solid tumors expressing HER2/neu; and TRPM8, a small molecule agonist to transient receptor potential ion channel, for multiple cancers. The company also has a range of products in preclinical studies, which include Carcinoembryonic antigen for the treatment of lung, colon, and breast cancer; and Carbonic AnhydraseIX for the treatment of kidney cancer. Dendreon Corporation was founded in 1992 and is headquartered in Seattle, Washington.

BANK OF AMERICA CORPORATION (NYSE:BAC) - Bank of America Corporation, through its subsidiaries, provides banking and financial services to individuals, small- and middle-market businesses, corporations, and governments primarily in the United States and internationally. The companys Deposits segment generates savings accounts, money market savings accounts, certificate of deposits and IRAs, and checking accounts; and Global Card Services segment provides the U.S. consumer and business card, consumer lending, international card and debit card services. Its Home Loans & Insurance segment offers fixed and adjustable-rate first-lien mortgage loans for home purchase and refinancing needs, reverse mortgages, home equity lines of credit, and home equity loans, as well as property, casualty, life, disability, and credit insurance. The companys Global Commercial Banking segment provides commercial loans and commitment facilities, real estate lending, leasing, trade finance, short-term credit, asset-based lending, and indirect consumer loans; and capital management and treasury solutions, such as treasury management, foreign exchange, and short-term investing options. Its Global Banking & Markets segment provides financial products, advisory services, financing, securities clearing, settlement, and custody services; debt and equity underwriting and distribution, merger-related advisory services, and risk management products; and integrated working capital management and treasury solutions. The companys Global Wealth & Investment Management segment offers advisory services, team-based investment advice and guidance, brokerage services, and wealth management solutions, as well as retirement services. Bank of America Corporation serves customers through a network of approximately 5,900 banking centers and 18,000 automated teller machines. The company was founded in 1874 and is based in Charlotte, North Carolina.

MICROSOFT CORPORATION (NASDAQ:MSFT) - Microsoft Corporation develops, manufactures, licenses, and supports a range of software products and services for various computing devices worldwide. The companys Windows & Windows Live Division segment offers Windows operating system, Windows Live, and Internet Explorer. It offers Windows operating system, which include Windows 7, Windows Vista, and Windows XP Home, as well as Windows Live suite of applications and Web services. Microsofts Server and Tools segment provides Windows Server operating systems, Windows Azure, Microsoft SQL Server, SQL Azure, Visual Studio, Silverlight, System Center products, Biz Talk server, Microsoft consulting services, and product support services. This segment also provides enterprise consulting and product support services; and training and certification to developers and information technology professionals, as well as builds standalone and software development lifecycle tools for software architects, developers, testers, and project managers. The companys Online Services Division segment offers online information products, such as Bing, MSN portals, and channels; and an online advertising platform for publishers and advertisers. Microsofts Microsoft Business Division segment offers Microsoft Office, Microsoft SharePoint, and Microsoft Dynamics ERP and CRM, as well as Microsoft Office Web Apps. The companys Entertainment and Devices Division segment develops, produces, and markets the Xbox 360 platform; PC software games; online games and services; Mediaroom, an Internet protocol television software; Windows Phone and Windows Embedded device platforms; the Zune digital music and entertainment platform; and application software for Apples Macintosh computers, Microsoft PC hardware products, and other devices. This segment also involves in retail and marketing of packaged versions of the Microsoft Office system and the Windows operating systems. Microsoft was founded in 1975 and is headquartered in Redmond, Washington.

THOMPSON CREEK METALS CO INC (NYSE:TC) - Thompson Creek Metals Company Inc., through its subsidiaries, engages in mining, milling, processing, and marketing molybdenum products in Canada and the United States. The company owns the Thompson Creek Mine and mill in Idaho; a metallurgical roasting facility in Langeloth, Pennsylvania; and a 75% joint venture interest in the Endako Mine, mill, and roasting facility in British Columbia. It also holds an option to acquire a 75% interest in the Mount Emmons molybdenum property located in Colorado; and a 100% interest in the Davidson molybdenum property situated in British Columbia. Thompson Creek Metals Company Inc. produces primarily molybdenum products, including pure oxide, molybdic oxide, powder and briquettes, ferromolybdenum, and high performance molybdenum disulfide. As of December 31, 2009, its consolidated recoverable proven and probable ore reserves totaled 556.0 million pounds of contained molybdenum in the Thompson Creek Mine and the Endako Mine. The company was formerly known as Blue Pearl Mining Ltd. and changed its name to Thompson Creek Metals Company Inc. in May 2007. Thompson Creek Metals Company Inc. has its main executive office in Denver, Colorado.

CORELOGIC INC (NYSE:CLGX) - CoreLogic, Inc. provides consumer, financial, and property information, as well as analytics and services to commercial and government sectors. The company combines public, contributory, and proprietary data to develop predictive decision analytics and provide business services. CoreLogic maintains U.S. real estate, mortgage application, fraud, and loan performance databases, as well as provides mortgage and automotive credit reporting, property tax, valuation, flood determination, and geospatial analytics and services. The company was established in 2010 and is headquartered in Santa Ana, California.

(NASDAQ:QQQ) -

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REGULATORY & COMPLIANCE NEWS

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