Market Maker Surveillance Report. WAG, ISLE, WCRX, PWER, PPL, OCZ, Bearishly Biased Price Friction For Thursday, September 6th
September 6, 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 3771 companies with "abnormal" market making, 4310 companies with positive Friction Factors and 1563 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. Walgreen Co (NYSE:WAG), Isle of Capri Casinos Inc (NASDAQ:ISLE), Warner Chilcott PLC (NASDAQ:WCRX), Power-One Inc (NASDAQ:PWER), Pembina Pipeline Corp (NYSE:PPL), OCZ Technology Group Inc (NASDAQ:OCZ). 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 WAG $-0.880 -2.45% 4,622,672 33.65% 4,102,323 29.87% 520,349 Abnormal ISLE $-0.010 -0.16% 534,111 95.49% 25,209 4.51% 508,902 Abnormal WCRX $-1.350 -9.48% 9,670,122 51.36% 8,682,522 46.11% 987,600 Abnormal PWER $-0.480 -7.37% 8,581,228 52.17% 7,776,899 47.28% 804,329 Abnormal PPL $-0.430 -1.45% 2,060,610 40.95% 1,468,015 29.17% 592,595 Abnormal OCZ $-1.070 -19.96% 11,928,122 52.60% 10,346,853 45.63% 1,581,269 AbnormalAnalysis of the Friction Factor chart above shows that each of the six stocks mentioned above had more buying than selling on Thursday 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 WAG with 520,349 greater shares of buying than selling (NetVol) and the stock price was down $-0.88000. 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.
Walgreen Co (NYSE:WAG) - Walgreen Co., together with its subsidiaries, engages in the operation of a chain of drugstores in the United States. The companys drugstores sell prescription and non-prescription drugs, and general merchandise. Its general merchandise comprises household products, convenience foods, and seasonal items, as well as personal care, beauty care, candy, and photofinishing products. The company offers its products and services through drugstores, as well as through mail, telephone, and the Internet. As of December 17, 2010, it operated 7,650 drugstores in 50 states, the District of Columbia, and Puerto Rico. The company also owns 37 strip shopping malls. Walgreen Co. was founded in 1901 and is based in Deerfield, Illinois.
Isle of Capri Casinos Inc (NASDAQ:ISLE) - Isle of Capri Casino, Inc. develops, owns, and operates branded gaming facilities and related lodging and entertainment facilities in regional markets in the United States. It owns and operates 13 casino gaming facilities located in Black Hawk, Colorado; Lake Charles, Louisiana; Lula, Biloxi, and Natchez, Mississippi; Kansas City, Caruthersville, and Boonville, Missouri; Bettendorf, Davenport, Waterloo, and Marquette, Iowa; and Pompano Beach, Florida. The companys properties feature approximately 14,500 slot machines; 350 table games, including 95 poker tables; 3,000 hotel rooms; and 3 dozen restaurants. In addition, it operates a harness racing track at its casino in Florida. The company was founded in 1990 and is based in St. Louis, Missouri.
Warner Chilcott PLC (NASDAQ:WCRX) - Warner Chilcott plc, a specialty pharmaceutical company, focuses on the development, manufacture, and promotion of branded pharmaceutical products in womens healthcare, gastroenterology, dermatology, and urology segments in North America and western Europe markets. It primarily offers ACTONEL for the prevention and treatment of postmenopausal osteoporosis; ATELVIA for the treatment of postmenopausal osteoporosis; LOESTRIN 24 FE and LO LOESTRIN FE, which are oral contraceptives for the prevention of pregnancy; ESTRACE cream, a vaginal cream for the treatment of vaginal and vulvar atrophy; ASACOL for the treatment of ulcerative colitis for orally administered 5-aminosalicylic acid products; ASACOL HD for the treatment of moderately active ulcerative colitis; DORYX, a tetracycline-class oral antibiotic for the treatment of severe acne; and ENABLEX for the treatment of symptoms of overactive bladder. The company markets its products and services through wholesale pharmaceutical distributors, and retail drug store chains. It has a strategic collaboration agreement with Sanofi-Aventis U.S. LLC. The company was founded in 1968 and is headquartered in Dublin, Ireland.
Power-One Inc (NASDAQ:PWER) - Power-One, Inc. designs, manufactures, and markets power conversion and power management solutions for the renewable energy, communications infrastructure, and other high technology markets. Its products include alternate current (AC)/direct current (DC) power supplies that convert AC into DC voltage used primarily in networking systems, large scale data processors, and industrial equipment; DC/DC converters, including high-density and low-density brick converters that are mounted on printed circuit board within the equipment, as well as include Point-of-Load converters that power devices within an intermediate bus architecture and in other applications; and DC power systems, which are used for back-up power primarily by power communications networks and cellular communications systems. The company also provides renewable energy products, which convert solar or wind energy into useable grid connected power for use in residential and commercial solar panels and wind turbine farms; and smart motor control and other products that are used primarily in appliances, such as clothes washers and dryers, and air conditioners. Power-One sells its products to original equipment manufacturers, distributors, and service providers in the renewable/alternative energy, networking equipment, wireless communications, optical networking, server/storage, computer, instrumentation, industrial, and other electronic equipment industries through its sales force, manufacturers representatives, and distributors primarily in North America, Europe, Asia, the Middle East, and Australia. The company was founded in 1973 and is based in Camarillo, California.
Pembina Pipeline Corp (NYSE:PPL) - PPL Corporation, through its subsidiaries, generates and markets electricity to approximately 4 million retail, commercial, and industrial customers in the northeastern and western United States and the United Kingdom. It generates energy from various fuel sources, including uranium, coal, natural gas, oil, and water. As of December 31, 2009, the company operated 371 substations with a total capacity of approximately 30 million kVA; 33,053 circuit miles of overhead lines; and 7,310 cable miles of underground conductors in Pennsylvania. Its distribution system in the United Kingdom included 651 substations with a total capacity of 25 million kVA; 28,877 miles of overhead lines; and 23,896 cable miles of underground conductors. The company was founded in 1920 and is headquartered in Allentown, Pennsylvania.
OCZ Technology Group Inc (NASDAQ:OCZ) - OCZ Technology Group, Inc. designs, develops, manufactures, and distributes computer components for computing devices and systems worldwide. It primarily offers solid state drives, flash memory storage, memory modules, thermal management solutions, AC/DC switching power supply units, and computer gaming solutions. The companys products are used in industrial equipment and computer systems; computer and computer gaming solutions; mission critical servers and high end workstations; personal computer (PC) upgrades to extend the useable life of existing PCs; high performance computing and scientific computing; video and music editing; home theatre PCs and digital home convergence products; and digital photography and digital image manipulation computers. OCZ Technology Group, Inc. offers its products to retailers, on-line retailers, original equipment manufacturers, systems integrators, and distributors. The company was founded in 2002 and is headquartered in San Jose, California.
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