Market Maker Surveillance Report. DVAX, C, XOM, SID, SWY, GEN, Bearishly Biased Price Friction For Wednesday, May 9th 2012
May 9, 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 3802 companies with "abnormal" market making, 1891 companies with positive Friction Factors and 3898 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. DYNAVAX TECHNOLOGIES CORP (NASDAQ:DVAX), CITIGROUP INC (NYSE:C), EXXON MOBIL CORP (NYSE:XOM), Companhia Siderurgica Nacional (NYSE:SID), SAFEWAY INC (NYSE:SWY), GENON ENERGY INC (NYSE:GEN). 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 DVAX $-1.210 -23.77% 14,333,634 54.41% 12,003,677 45.57% 2,329,957 Abnormal C $-0.880 -2.81% 12,645,324 26.46% 11,090,436 23.20% 1,554,888 Abnormal XOM $-0.710 -0.85% 4,928,291 28.42% 3,226,970 18.61% 1,701,321 Abnormal SID $-0.480 -5.84% 3,268,748 43.69% 1,741,077 23.27% 1,527,671 Abnormal SWY $-0.180 -0.93% 3,663,000 46.32% 2,104,101 26.61% 1,558,899 Abnormal GEN $-0.100 -4.57% 4,227,260 39.32% 2,526,505 23.50% 1,700,755 AbnormalAnalysis of the Friction Factor chart above shows that each of the six stocks mentioned above had more buying than selling on Wednesday 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 DVAX with 2,329,957 greater shares of buying than selling (NetVol) and the stock price was down $-1.21000. 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.
DYNAVAX TECHNOLOGIES CORP (NASDAQ:DVAX) - Dynavax Technologies Corporation, a clinical-stage biopharmaceutical company, discovers and develops novel products to prevent and treat infectious diseases. The company's lead product candidate includes HEPLISAVTM, a Phase 3 investigational adult hepatitis B vaccine designed to provide protection with fewer doses than current licensed vaccines. It also develops Universal Flu vaccine, a preclinical vaccine, for the influenza prevention; SD-101, a Phase Ib hepatitis C therapy; DV-601, a Phase Ib hepatitis B therapy; AZD1419, a preclinical asthma therapy; and DV1179, a preclinical autoimmune and inflammatory disease therapy. Dynavax Technologies Corporation has strategic alliance with GlaxoSmithKline to discover, develop, and commercialize DV1179 and other novel TLR inhibitors for diseases, such as lupus, psoriasis, and rheumatoid arthritis, as well as has research and license agreement with AstraZeneca to discover and develop TLR9 agonist products for asthma and COPD. The company was formerly known as Double Helix Corporation and changed its name to Dynavax Technologies Corporation in September 1996. Dynavax Technologies Corporation was founded in 1996 and is based in Berkeley, California.
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.
EXXON MOBIL CORP (NYSE:XOM) - Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas, and manufacture of petroleum products, as well as transportation and sale of crude oil, natural gas, and petroleum products. The company manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and other specialty products. As of December 31, 2010, it operated 35,691 gross and 30,494 net operated wells. The company has operations in the United States, Canada/South America, Europe, Africa, Asia, and Australia/Oceania. Exxon Mobil Corporation was founded in 1870 and is based in Irving, Texas.
Companhia Siderurgica Nacional (NYSE:SID) - Companhia Siderurgica Nacional produces and sells steel and steel products for the automobile, civil construction, packaging, home appliances, and original equipment manufacture applications in Brazil and internationally. It offers hot rolled, cold rolled, and galvanized steel products, including general purpose steels, steels for re-rolling, structural quality steels, structural quality steels with formability for cold-formed structural works, high resistance structure steels, corrosion-resistant structure steels, stamping steels, gas container quality steel for pressurized gas containers, bake-hardening steels, pre-configured blanks, welded blanks, high resistance micro-alloy steels, steels for vitreous glazing, steels for electrical uses, and pipe-quality steels for oil, gas, and other pipeline. The company also provides packing steel, which include metallic sheets comprising steel sheet with tin coating and passivation film of chromium composites, and steel sheet with coating of metallic chromium and chromium oxide on both sides; and pre-painted steel roof tiles. In addition, it engages in mining business by owning iron ore mines comprising the Namisa property, Casa de Pedra mine, Arcos mine, and Santa Barbara mine. Further, Companhia Siderurgica Nacional produces and sells cement; and offers calcinated products, industrial co-products, recyclable and surplus materials, and reducers. Additionally it provides carbo-chemical products comprising tar distillated products, which include pitch, anthracene oil, naphthalene, disinfecting oil, creosote oil, scrubber oil, naphtha solvent, and paving tar; anhydrous ammonia; light crude oil; and sulfur. The company was founded in 1941 and is headquartered in Sao Paulo, Brazil.
SAFEWAY INC (NYSE:SWY) - Safeway Inc., together with its subsidiaries, operates as a food and drug retailer in North America. The company operates stores that provide an array of grocery items, food, and general merchandise, as well as features specialty departments, such as bakery, delicatessen, floral, and pharmacy, as well as coffee shops and fuel centers. It also offers SELECT line of products that include baked goods, sparkling ciders and lemonades, salsas, whole bean coffees, frozen pizzas and entrees, and fresh and dry pastas and sauces, as well as an array of ice creams, hors d'oeuvres, and desserts; O ORGANICS line, which comprises milk, chicken, salads, juices, and entrees; Lucerne line of dairy products; Eating Right line of better-for-you products; Bright Green line of home care products; Total Pet Care line of pet foods and pet care products; and Value Red line of value-priced paper goods. As of December 31, 2009, Safeway operated approximately 1,725 stores in California, Oregon, Washington, Alaska, Colorado, Arizona, Texas, the Chicago metropolitan area, and the Mid-Atlantic region, as well as British Columbia, Alberta and Manitoba/Saskatchewan. In addition, the company owns and operates GroceryWorks.com Operating Company, LLC, an online grocery channel, doing business under the names Safeway.com, Vons.com, and Genuardis.com; and Blackhawk Network Holdings, Inc., which provides third-party gift cards, prepaid cards, telecom cards, and sports and entertainment cards to North American retailers for sale to retail customers. Additionally, it engages in gift card businesses in the United Kingdom, France, Mexico, and Australia. Further, the company, through a 49% ownership interest in Casa Ley, S.A. de C.V. operates 156 food and general merchandise stores in Western Mexico. The company was formerly known as Safeway Stores, Incorporated and changed its name to Safeway Inc. in February 1990. Safeway was founded in 1915 and is based in Pleasanton, California.
GENON ENERGY INC (NYSE:GEN) - GenOn Energy, Inc. operates as a generator of wholesale electricity in the United States. Its portfolio of power generation facilities include baseload, intermediate, and peaking units using coal, natural gas, and oil to generate electricity. The company owns, contracts, or operates approximately 49 power generation stations with generation capacity of 24,599 megawatts. The company was formerly known as Mirant Corporation and changed its name to GenOn Energy, Inc. on December 4, 2010. The company is based in Houston, Texas.
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