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Market Maker Surveillance Report. SGCNF, JBLU, MO, ECA, CIG, ITUB, Bearishly Biased Price Friction For Thursday, September 27t

^{Published on 2012-09-27 18:00:29 - WOPRAI}
 

September 27, 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 4039 companies with "abnormal" market making, 3722 companies with positive Friction Factors and 1826 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. SUNRIDGE GOLD CORP (OTC:SGCNF), Jetblue Airways Corp (NASDAQ:JBLU), Altria Group Inc (NYSE:MO), Encana Corp (NYSE:ECA), Companhia Energetica de Minas Gerais (NYSE:CIG), Itau Unibanco Holding SA (NYSE:ITUB). 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
  SGCNF   $-0.012   -5.17%    4,585,259    672.03%   382,495      56.06%    4,202,764    Abnormal
  JBLU    $-0.060   -1.22%    2,574,667    57.73%    2,065,952    46.33%    508,715      Abnormal
  MO      $-0.310   -0.91%    4,166,068    38.88%    3,210,581    29.97%    955,487      Abnormal
  ECA     $-0.010   -0.05%    2,173,204    32.10%    1,708,798    25.24%    464,406      Abnormal
  CIG     $-0.140   -1.13%    2,220,664    37.90%    1,515,116    25.86%    705,548      Abnormal
  ITUB    $-0.100   -0.64%    3,074,363    27.64%    2,633,985    23.68%    440,378      Abnormal

For example, the chart above shows SGCNF with 4,202,764 greater shares of buying than selling (NetVol) and the stock price was down $-0.01200. 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.

SUNRIDGE GOLD CORP (OTC:SGCNF) - Sunridge Gold Corp. operates as a mineral exploration and development company. The company focuses on the acquisition, exploration, discovery, and development of base and precious metal projects on the Asmara Project in Eritrea, northeast Africa. It also owns interests in four exploration properties in Madagascar. The company has a strategic partnership related to exploration work on the Asmara Project with Antofagasta Minerals S.A. Its properties are primarily prospective for gold, copper, zinc, and silver. Sunridge Gold Corp. is based in Vancouver, Canada..

Jetblue Airways Corp (NASDAQ:JBLU) - JetBlue Airways Corporation provides passenger air transportation services in the United States. As of December 31, 2010, it operated 650 daily flights to 63 destinations in 21 states, Puerto Rico, and Mexico; and 10 countries in the Caribbean and Latin America through a fleet of 115 Airbus A320 aircrafts and 45 EMBRAER 190 aircrafts. The company, through its subsidiary, LiveTV, LLC, provides in-flight entertainment, voice communication, and data connectivity systems and services for commercial and general aviation aircraft, including live in-seat satellite television, digital satellite radio, wireless aircraft data link service, and cabin surveillance systems. JetBlue Airways Corporation was founded in 1998 and is based in Forest Hills, New York..

Altria Group Inc (NYSE:MO) - Altria Group, Inc., through its subsidiaries, engages in the manufacture and sale of cigarettes, wine, and other tobacco products in the United States and internationally. It primarily offers cigarettes under the Marlboro, Virginia Slims, and Parliament brands; smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands, as well as Marlboro snus; and machine-made large cigars and pipe tobacco. The company also maintains a portfolio of leveraged and direct finance leases principally in transportation, including aircraft, as well as power generation and manufacturing equipment, and facilities. It serves wholesalers, including distributors; large retail organizations, such as chain stores; and the armed services. The company was founded in 1919 and is headquartered in Richmond, Virginia..

Encana Corp (NYSE:ECA) - Encana Corporation engages in the exploration for, development, production, and marketing of natural gas, crude oil, and natural gas liquids primarily in Canada and the United States. The company owns interests in Canadian natural gas resource plays that primarily include the Greater Sierra, Cutbank Ridge, Bighorn, and Coalbed Methane resource plays located in British Columbia and Alberta. It also holds interests in natural gas resource plays in the United States, which primarily comprise the Jonah resource play in southwest Wyoming; the Piceance resource play in northwest Colorado; the East Texas resource play in Texas; the Haynesville resource play in Louisiana and Texas; and the Fort Worth resource play in Texas. In addition, the company has interests in natural gas gathering and processing assets primarily in Colorado, Wyoming, Texas, and Utah, as well as focuses on the exploration of the Marcellus shale in Pennsylvania. It serves primarily local distribution companies, industrials, energy marketing companies, and other producers. Encana Corporation was founded in 1971 and is headquartered in Calgary, Canada..

Companhia Energetica de Minas Gerais (NYSE:CIG) - Companhia Energetica De Minas Gerais engages in the generation, transmission, and distribution of electric power primarily in Rio de Janeiro. As of December 31, 2009, it generated electricity at 54 hydroelectric plants, 3 thermoelectric plants, and 2 wind farms, as well as had a total installed generation capacity of 6,642 megawatts. The company also owned and operated 294,552 miles of distribution lines through which it supplied electricity to approximately 6.8 million consumers. Its transmission network in Minas Gerais consisted of 1,352 miles of 500 kV lines, 1,244 miles of 345 kV lines, and 485 miles of 230 kV lines, as well as 35 substations with a total of 94 transformers and an aggregate transformation capacity of 15,506 MVA. In addition, Companhia Energetica de Minas Gerais distributes natural gas in Minas Gerais; provides telecommunication services; and offers national and international consulting services. The company was founded in 1952 and is headquartered in Belo Horizonte, Brazil..

Itau Unibanco Holding SA (NYSE:ITUB) - Ita Unibanco Holding S.A., together with its subsidiaries, provides commercial, corporate, and investment banking services to individuals, small and middle-market companies, and large corporations in Brazil and internationally. The companys deposit products include demand, savings, time, and other deposits, as well as deposits from banks. Its loan portfolio comprises commercial, real estate, lease financing, government, agricultural, and personal loans. The company also offers pension fund and mutual fund management, securities services, credit cards, and asset management services; life, property, casualty, and vehicle insurance, as well as private retirement plans and capitalization products; and credit products, such as investment capital loans, working capital loans, inventory financing, equipment leasing services, and letters of credit. In addition, it provides collection and electronic payment services; credit card transactions; factoring, corporate finance, and insurance brokerage and trading; and vehicle lending, private banking, and treasury services. Further, the company offers financial products, such as trade financing, loans from multilateral credit agencies, off-shore loans, international cash management services, foreign exchange, letters of credit, guarantees required in international bidding processes, derivatives for hedging or proprietary trading purposes, structured transactions, and international capital markets offerings. As of December 31, 2009, it operated 3,936 branches, 948 customer site branches, and 30,276 automated teller machines in Brazil and internationally. Ita Unibanco Holding S.A. was formerly known as Ita Unibanco Banco Mltiplo S.A. and changed its name to Ita Unibanco Holding S.A. in April 2009. The company was founded in 1944 and is headquartered in Sao Paulo, Brazil. Ita Unibanco Holding S.A. operates as a subsidiary of Itau Unibanco Participacoes S.A..

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