Market Maker Surveillance Report. MU, XOM, CTL, MYL, EBR, AXCG, Highest Net Buy Volume With Lowest Price Friction For Wednesda
May 16, 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 3836 companies with "abnormal" market making, 1806 companies with positive Friction Factors and 4019 companies with negative Friction Factors. Here is a list of the top companies with the highest net buy volume on Wednesday and lowest price Friction (bullish). This means that there was more buying than selling in the stocks and their stock prices rose faster with less Friction. MICRON TECHNOLOGY INC (NASDAQ:MU), EXXON MOBIL CORP (NYSE:XOM), CENTURYLINK INC (NYSE:CTL), MYLAN INC (NASDAQ:MYL), CENTRAIS ELEC BRAS-SP ADR CM (NYSE:EBR), AVENUE EXCHANGE CORP (OTC:AXCG). 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 MU $0.160 2.66% 27,636,075 51.13% 25,651,951 47.46% 1,984,124 124,008 XOM $0.160 0.20% 3,939,672 26.20% 2,684,546 17.85% 1,255,126 78,445 CTL $0.080 0.21% 3,923,991 57.44% 1,295,482 18.96% 2,628,509 328,564 MYL $0.060 0.28% 4,681,084 56.60% 3,180,509 38.45% 1,500,575 250,096 EBR $0.200 2.58% 2,525,406 78.43% 291,804 9.06% 2,233,602 111,680 AXCG $0.013 34.32% 7,737,808 54.70% 6,227,872 44.02% 1,509,936 1,188,926Analysis of the Friction Factor chart above shows that each of the six stocks mentioned above have high net dollar gains (Change) and very low price friction in their stocks. 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 MU with a Net Buy Volume of 1,984,124 shares and a Friction Factor of 124,008 shares. That means that it takes 124,008 more shares of buying than selling to move MU higher by one penny. This means the Market Makers are allowing the stock to move up higher as of Wednesday (lower friction). And with one of the highest Net Buy Volumes, the combination of low friction and high net buy volume is bullish.
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.
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.
CENTURYLINK INC (NYSE:CTL) - CenturyLink, Inc., together with its subsidiaries, operates as an integrated communications company. The company provides a range of communications services, including local and long distance voice, wholesale network access, high-speed Internet access, other data services, and video services in the continental United States. Its services include local exchange and long distance voice telephone services, as well as enhanced voice services, such as call forwarding, conference calling, caller identification, selective call ringing, and call waiting; network access services; data services, including high-speed Internet access services, and data transmission services over special circuits and private lines; and fiber transport, competitive local exchange carrier, security monitoring services, other communications, and professional and business information services. The company also offers other related services, such as leasing, selling, installing, and maintaining customer premise telecommunications equipment and wiring; provides billing and collection services to third parties; participates in the publication of local telephone directories; and provides printing, database management, direct mail services, and cable television services. In addition, the company provides network database services, as well as switched digital video services and wireless broadband Internet services. As of December 31, 2009, it operated approximately 7.0 million telephone access lines. The company was formerly known as CenturyTel, Inc. and changed its name to CenturyLink, Inc. in May 2010. CenturyLink, Inc. was founded in 1968 and is based in Monroe, Louisiana.
MYLAN INC (NASDAQ:MYL) - Mylan Inc. and its subsidiaries engage in the development, manufacture, marketing, licensing, and distribution of generic and branded generic pharmaceuticals, specialty pharmaceuticals, and active pharmaceutical ingredients (APIs) worldwide. It operates in two segments, Generics and Specialty. The Generics segment offers generic or branded generic pharmaceutical products in tablet, capsule, or transdermal patch form, as well as APIs. This segment markets its products for the proprietary and ethical pharmaceutical wholesalers and distributors, drug store chains, drug manufacturers, institutions, and public and governmental agencies located primarily in the United States and Canada, Europe, the Middle East, Africa, Australia, Japan, India, and New Zealand. The Specialty segment provides branded specialty nebulized, injectable, and transdermal products for life-threatening conditions. Its principal products comprise EpiPen that is used for the treatment of severe allergies; and Perforomist Inhalation Solution, a long-acting beta2-adrenergic agonist indicated for the maintenance treatment of bronchoconstriction in chronic obstructive pulmonary disease patients. This segment markets its products to the pharmaceutical wholesalers and distributors located primarily in the United States. Additionally, Mylan manufactures and supplies APIs for the manufacture of anti-retroviral (ARV) drugs, which are utilized in the treatment of HIV/AIDS; and offers a line of finished dosage form (FDF) products in both the ARV and non-ARV markets. The company was formerly known as Mylan Laboratories Inc. and changed its name to Mylan Inc. in October 2007. Mylan was founded in 1961 and is based in Canonsburg, Pennsylvania.
CENTRAIS ELEC BRAS-SP ADR CM (NYSE:EBR) - Centrais Eletricas Brasileiras S.A. Eletrobras primarily engages in the generation, distribution, transmission, and commercialization of electric power; and construction and operation of nuclear power plants in Brazil. The company also assists Brazil's Ministry of Mining and Energy in designing the country's policy for the energy sector; provides guarantees and acquires debentures of companies and holders of public electric power services; grants loans and guarantees for technical and scientific research institutions; promotes and supports research in the power sector in connection with the generation, transmission, and distribution of electric power, as well as studies involving the exploitation of watershed for various purposes; contributes to the education of technical staff and qualified workers required by the Brazilian electric power sector through specialized training programs or assists national educational institutions or provides scholarships or signs agreements with foreign institutions that promote the development of specialized technical personnel; and co-operates technically and administratively with companies in which it holds interests, and with the agency of the Ministry of Mining and Energy. In addition, it manages incentive program for alternative sources of electric power, a program of the federal government that aims to enhance the diversification of the Brazilian energy model and search for regional solutions based on renewable electric power sources produced by independent agents. The company is headquartered in Rio de Janeiro, Brazil.
AVENUE EXCHANGE CORP (OTC:AXCG) - Avenue Exchange Corp. does not have significant operations. It intends to seek, investigate, and acquire an interest in business opportunities in the technology business sector. The company was formerly known as Mutual Exchange International, Inc. and changed its name to Avenue Exchange Corp. in March 2008. Avenue Exchange Corp. was founded in 1990 and is based in Tampa, Florida.
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