Market Maker Surveillance Report. SUN, NOK, MET, MU, CSCO, QQQ, Bearishly Biased Price Friction For Thursday, September 20th 2
September 20, 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 3990 companies with "abnormal" market making, 2054 companies with positive Friction Factors and 3304 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. Sunoco Inc (NYSE:SUN), Nokia Oyj (NYSE:NOK), Metalore Resources Ltd (NYSE:MET), Micron Technology Inc (NASDAQ:MU), CISCO SYSTEMS INCORPORATED (NASDAQ:CSCO), Powershares Qqq Trust Series 1 (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 SUN $-0.140 -0.31% 2,619,858 39.63% 1,253,748 18.97% 1,366,110 Abnormal NOK $-0.040 -1.38% 13,616,956 46.15% 10,098,561 34.23% 3,518,395 Abnormal MET $-0.260 -0.74% 4,352,968 41.24% 2,210,683 20.94% 2,142,285 Abnormal MU $-0.210 -3.17% 18,797,416 50.33% 16,972,770 45.44% 1,824,646 Abnormal CSCO $-0.100 -0.53% 14,242,170 57.16% 10,486,354 42.09% 3,755,816 Abnormal QQQ $-0.070 -0.10% 16,858,610 48.66% 12,064,079 34.82% 4,794,531 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 SUN with 1,366,110 greater shares of buying than selling (NetVol) and the stock price was down $-0.14000. 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.
Sunoco Inc (NYSE:SUN) - Sunoco, Inc., through its subsidiaries, manufactures and markets various petroleum, commodity, and intermediate petrochemicals products in the United States. It operates in five segments: Refining and Supply, Retail Marketing, Chemicals, Logistics, and Coke. The Refining and Supply segment manufactures and sells petroleum products, including gasoline; middle distillates, such as jet fuel, heating oil, and diesel fuel; and residual fuel oil, as well as commodity petrochemicals, including refinery-grade propylene, benzene, cumene, toluene, and xylene to wholesale and industrial customers. The Retail Marketing segment engages in the retail sale of gasoline and middle distillates, as well as the operation of a network of 4,711 retail outlets in 23 states, primarily on the East Coast and in the Midwest region of the United States. The Chemicals segment manufactures, distributes, and markets commodity and intermediate petrochemicals, which include aromatic derivatives comprising phenol, acetone, bisphenol-A, and other phenol derivatives; and polypropylene. The Logistics segment operates refined product and crude oil pipelines and terminals, and conducts crude oil acquisition and marketing activities primarily in the northeast, midwest and south central regions of the United States. It also owns interest in various refined product and crude oil pipeline joint ventures. As of December 31, 2009, the company owned and operated approximately 3,850 miles of crude oil pipelines and approximately 2,200 miles of refined product pipelines. The Coke segment owns and operates metallurgical coke plants and metallurgical coal mines, and manufactures metallurgical coke for use in the steel industry. Sunoco was founded in 1886 and is based in Philadelphia, Pennsylvania..
Nokia Oyj (NYSE:NOK) - Nokia Corporation manufactures and sells mobile devices, and provides Internet and digital mapping and navigation services worldwide. Its Devices & Services segment develops and manages a portfolio of mobile devices; and services comprising applications and content. It also offers Internet services focusing on navigation, applications and games, music, and mail, as well as on the tools that enable developers to create applications under the Ovi brand name. The companys NAVTEQ segment provides various digital map information and related location-based content and services to mobile device and handset manufacturers, automobile manufacturers and dealers, navigation systems manufacturers, software developers, Internet portals, parcel and overnight delivery services companies, and governmental and quasi-governmental entities. Its map database enables its customers to offer advanced driver assistance systems, dynamic navigation, route planning, location-based services, and geographic information-based products and services to consumer and commercial users. Its Nokia Siemens Networks segment provides mobile and fixed network solutions and related services to operators and service providers. This segment offers various business solutions, such as consulting and systems integration; service management, and charging and billing software; and subscriber database management. It also provides managed services, including network planning, optimization, and network operations; software and hardware maintenance, proactive, and multi-vendor care, as well as competence development services; and project management, turnkey implementations, and energy efficient sites. In addition, this segment offers fixed and mobile network infrastructure comprising Flexi multiradio base stations, packet core products, optical transport systems, and broadband access equipment, as well as network solutions. Nokia Corporation was founded in 1865 and is based in Espoo, Finland..
Metalore Resources Ltd (NYSE:MET) - MetLife, Inc., through its subsidiaries, provides insurance, employee benefits, and financial services in the United States, Latin America, the Asia Pacific, Europe, the Middle East, and India. It offers group life insurance products and services as employer-paid benefits, including variable life, universal life, and term life products, as well as employee paid supplemental life products; individual life insurance products and services comprising variable life, universal life, term life, and whole life products, as well as a range of mutual funds and other securities products; and non-medical health insurance products and services, such as dental insurance, group short- and long-term disability, individual disability income, long-term care, critical illness, and accidental death and dismemberment coverages, as well as employer-sponsored auto and homeowners insurance and administrative services-only arrangements to employers. The company also provides retirement products consisting of variable and fixed annuities for individuals and employees of corporations, and other institutions. In addition, MetLife provides an array of annuity and investment products, including guaranteed interest products and other stable value products, income annuities, and separate account contracts for the investment management of defined benefit and defined contribution plan assets, as well as offers certain products to fund postretirement benefits. Further, it offers auto insurance and homeowners insurance policies, as well as personal excess liability and coverage for recreational vehicles and boat owners; and credit insurance and endowment products. Additionally, the company funds company initiatives, various start-up entities, and run-off entities; and banking services, such as residential mortgage loans and various deposit products. The company was founded in 1868 and is based in New York, New York..
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..
CISCO SYSTEMS INCORPORATED (NASDAQ:CSCO) - Cisco Systems, Inc. designs, manufactures, and sells Internet protocol (IP)-based networking and other products related to the communications and information technology industry worldwide. It offers routers that interconnect public and private IP networks for mobile, data, voice, and video applications; switching products, which offer connectivity to end users, workstations, IP phones, access points, and servers; application networking services; and home networking products, such as adapters, gateways, modems, and home network management software products. The company also provides security products comprising span firewall, intrusion prevention, remote access, virtual private network, unified client, Web, and email security products; storage area networking products that deliver connectivity between servers and storage systems; unified communication products to integrate voice, video, data, and mobile applications on fixed and mobile networks; video systems, including digital set-top boxes and digital media products; and wireless systems. In addition, it offers optical networking products, cable access and flip video products, service provider VoIP services, Cisco TelePresence systems, Cisco Unified Computing Systems, physical security and video surveillances, digital media systems, and building systems. Further, the company provides technical support services; and responsive, preventive, and consultative support services for its technologies. Cisco Systems, Inc. has strategic alliances with Accenture Ltd; AT&T Inc.; Cap Gemini S.A.; EMC Corporation; Fujitsu Limited; Intel Corporation; International Business Machines Corporation; Italtel SpA; Johnson Controls Inc.; Microsoft Corporation; Nokia Corporation; Nokia Siemens Networks; Oracle Corporation; SAP AG; Sprint Nextel Corporation; Tata Consultancy Services Ltd.; VMware, Inc.; BMC Software Inc.; and Wipro Limited. The company was founded in 1984 and is headquartered in San Jose, California..
Powershares Qqq Trust Series 1 (NASDAQ:QQQ) - .
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