Market Maker Surveillance Report. PWEI, AKS, VALE, FNMAS, GEN, RPAI, Bullishly Biased Price Friction For Tuesday, October 9th
October 9, 2012 / M2 PRESSWIRE / BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Tuesday. 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 Tuesday there were 3871 companies with "abnormal" market making, 1502 companies with positive Friction Factors and 4134 companies with negative Friction Factors. Here is a list of the top companies with Abnormal Price Friction (bullish bias) in their stock prices. This means that there was more selling than buying in the stocks and their stock prices rose. PW EAGLE INC (OTC:PWEI), AK Steel Holding Corp (NYSE:AKS), Vale SA (NYSE:VALE), Federal National Mortgage Association Fannie Mae (OTC:FNMAS), GenOn Energy Inc (NYSE:GEN), Retail Properties of America Inc (NYSE:RPAI). 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 PWEI $0.045 29.80% 26,966,665 29.69% 63,555,356 69.97% -36,588,691 Abnormal AKS $0.150 2.94% 3,627,180 28.79% 5,209,960 41.36% -1,582,780 Abnormal VALE $0.070 0.38% 5,930,348 22.48% 9,841,712 37.31% -3,911,364 Abnormal FNMAS $0.070 7.95% 680,919 16.31% 2,199,724 52.68% -1,518,805 Abnormal GEN $0.020 0.73% 5,447,293 21.23% 8,224,589 32.06% -2,777,296 Abnormal RPAI $0.090 0.80% 199,666 9.18% 1,789,063 82.24% -1,589,397 AbnormalAnalysis of the Friction Factor chart above shows that each of the six stocks mentioned above had more selling than buying on Tuesday and their stock prices rose. 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 PWEI with 36,588,691 greater shares of selling than buying (NetVol) and the stock price was up $0.04470. This means the Market Makers were trading the stock in a way inconsistent with normal supply and demand (Economics 101); more selling than buying should cause prices to drop.
PW EAGLE INC (OTC:PWEI) - PW Eagle, Inc. manufactures and distributes polyvinyl chloride (PVC) pipe and fittings used for potable water and sewage transmission, turf and agricultural irrigation, water wells, fiber optic lines, electronic and telephone lines, and commercial and industrial plumbing. The Company distributes its products throughout the United States, with a minimal amount of shipments to selected foreign countries. Its wholly owned subsidiary, USPoly Company LLC (USPoly), manufactures and distributes polyethylene (PE) pipe products and accessories.
Polyvinyl Chloride Pipe Business
PW Eagle's pressure and non-pressure PVC products consist of 1/2-inch to 36-inch PVC pipes for applications in buildings, municipal water distribution, municipal sewage collection, turf and agriculture irrigation, fiber optic, power distribution and telecommunications industries. The Company manufactures and distributes many PVC pressure pipe products for the transporting of drinking and irrigation water.
The American Water Works Association (AWWA) Water Main Pipe is offered in diameters of four to 24 inches. During the manufacturing process, each piece of this AWWA pipe is filled with water and proof tested. This pipe is also used in fire protection and carries the listing of Factory Mutual and Underwriters Laboratories.
The Ultra-Blue Water Main Pipe is a molecular oriented PVC pipe manufactured using processes that change the molecular orientation of the pipe, yielding greater strength, lighter weight and greater flow capacity than conventional PVC pipe. It is produced in six- through 16-inch diameters. The American Society for Testing and Materials (ASTM) PVC Pressure Pipe is manufactured in diameters of 1/2 inch and 24 inches in a series of pressure ratings from 63 pounds to 315 pounds. This product delivers the water to grow crops and beautify parks, golf courses and homes.
The ASTM PVC Well Casing is offered as a lightweight PVC pipe to be used as casing in water wells. Like the majority of PW Eagles' pressure pipes, well casing is in compliance with ANSI/NSF Standard 61. As a companion to the Company's well casing pipe, it also offers a threaded drop pipe for hanging submersible pumps. These pipes are made from thick-wall PVC and weigh approximately one-seventh of an equivalent metal pipe.
The ASTM Gravity PVC Sewer Pipes are used to transport wastewater from residential and commercial buildings to a treatment plant. Manufactured in diameters from four inches to through 24 inches, the products are used throughout the collection system of sewage treatment plants. The Ultra-Rib and Ultra-Corr structured wall pipes are offered in diameters from eight inches to 36 inches, for applications in sanitary sewers and storm drains.
The ASTM Drain, Waste and Vent (DWV) pipe is used inside the home to drain wastewater and vent the plumbing system. PW Eagle manufactures this product in sizes up to 6 inches in diameter from either a solid wall construction, or a construction that layers solid walls around a cellular core.
The Underwriters Laboratories (UL) Electrical Conduit is a line of PVC heavy wall electrical conduit in diameters of 1/2 inch through six inches and fabricated fittings. The entire product line carries the UL mark and conforms to National Electrical Manufacturers Association Standards. This pipe carries electrical wiring below and above ground.
Polyethylene Pipe Business
USPoly focuses on extruding PE pipe in sizes up to 20 inches in diameter. The subsidiary's pressure and non-pressure PE pipe products consist of 1/2-inch to 20-inch PE pipe and tubing.
The Natural Gas Distribution PE pipe is for natural gas distribution in diameters from 1/2 inch to 12 inches, in either straight sticks or coils depending on customer requirements and diameter. The subsidiary uses Plastics Pipe Institute standard resins to manufacture gas distribution pipe.
The Oil and Gas Gathering Pipes are offered through 20 inches for this application. Oil and gas gathering pipes are made with PE 3408 resin in coils or sticks.
Irrigation .
AK Steel Holding Corp (NYSE:AKS) - AK Steel Holding Corporation, through its subsidiaries, produces flat-rolled carbon, stainless, and electrical steels, and tubular products primarily in the United States and internationally. It manufactures flat-rolled carbon steels, including coated, cold-rolled, and hot-rolled products; and specialty stainless and electrical steels that are sold in hot band, sheet, and strip forms. The company also involves in finishing flat-rolled carbon and stainless steel into welded steel tubing, which is used in the automotive, large truck, and construction markets, as well as trades in steel and steel products and other materials in Europe. It sells flat-rolled carbon steel products primarily to automotive manufacturers; and to customers in the infrastructure and manufacturing markets consisting of manufacturers of appliances, electrical transmission, heating, ventilation, and air conditioning. The company also sells its coated, cold rolled, and hot rolled carbon steel products to distributors, service centers, and converters. AK Steel Holding sells its stainless steel products primarily to manufacturers and their suppliers in the automotive industry; manufacturers of food handling, chemical processing, pollution control, and medical and health equipment; and distributors and service centers, as well as electrical steels to manufacturers of power transmission and distribution transformers, and electrical motors and generators. The company was founded in 1993 and is headquartered in West Chester, Ohio..
Vale SA (NYSE:VALE) - Vale S.A., through its subsidiaries, operates as a diversified metals and mining company worldwide. The company produces iron ore and iron ore pellets, nickel, manganese ore, ferroalloys, kaolin, and pig iron. It also engages in producing bauxite, alumina, aluminum, copper, metallurgical and thermal coal, metallurgical coke and methanol, cobalt, potash, and other non-ferrous minerals, as well as precious metals, including platinum-group metals, gold, and silver. In addition, the company operates logistics systems in Brazil, including railroads, maritime terminals, and a port. Further, it engages in power generation through hydro and oil and gas resources; and steel production. The company was formerly known as Companhia Vale do Rio Doce. Vale S.A. was founded in 1942 and is based in Rio de Janeiro, Brazil..
Federal National Mortgage Association Fannie Mae (OTC:FNMAS) - Federal National Mortgage Association (Fannie Mae) provides liquidity and stability support in the secondary mortgage market in the United States. The company securitizes mortgage loans originated by lenders in the primary mortgage market into Fannie Mae mortgage-backed securities (Fannie Mae MBS). It operates in three segments: Single-Family Credit Guaranty, Multifamily, and Capital Markets. The Single-Family Credit Guaranty segment securitizes single-family mortgage loans into Fannie Mae MBS and facilitates the purchase of single-family mortgage loans for the company'?s mortgage portfolio. The Multifamily segment securitizes multifamily mortgage loans into Fannie Mae MBS and facilitates the purchase of multifamily mortgage loans for its mortgage portfolio. This segment also invests in rental and for-sale housing projects. The Capital Markets segment manages the company'?s investment activity in mortgage-related assets and other interest-earning non-mortgage investments. This segment provides funds to the mortgage market through short-term financing and investing activities. The company'?s financing activities include whole loan conduit transactions, early funding transactions, real estate mortgage investment conduit and other structured securitization activities, and mortgage-backed securities trading services. Its principal customers include mortgage banking companies, savings and loan associations, savings banks, commercial banks, credit unions, community banks, insurance companies, and state and local housing finance agencies. The company was founded in 1938 and is based in Washington, the District of Columbia..
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..
Retail Properties of America Inc (NYSE:RPAI) - .
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