







Market Maker Surveillance Report. BAC, JCP, WFC, NIHD, AKS, GEN, Bearishly Biased Price Friction For Tuesday, November 13th 20
Published in Stocks and Investing on Tuesday, November 13th 2012 at 18:01 GMT by WOPRAI

November 13, 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 3987 companies with "abnormal" market making, 1920 companies with positive Friction Factors and 3806 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. BANK OF AMERICA CORPORATION (NYSE:BAC), J C Penney Company Inc (NYSE:JCP), WELLS FARGO & COMPANY (NYSE:WFC), NII Holdings Inc (NASDAQ:NIHD), AK Steel Holding Corp (NYSE:AKS), GenOn Energy Inc (NYSE:GEN). 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 BAC $-0.040 -0.43% 43,426,920 36.58% 39,949,295 33.65% 3,477,625 Abnormal JCP $-0.580 -3.23% 5,562,691 32.50% 4,387,247 25.63% 1,175,444 Abnormal WFC $-0.360 -1.11% 6,680,766 32.51% 5,514,600 26.84% 1,166,166 Abnormal NIHD $-0.450 -7.90% 5,800,702 57.61% 4,216,457 41.88% 1,584,245 Abnormal AKS $-0.980 -17.95% 10,485,911 38.78% 8,046,001 29.75% 2,439,910 Abnormal GEN $-0.060 -2.70% 3,181,959 41.24% 1,946,325 25.23% 1,235,634 AbnormalAnalysis of the Friction Factor chart above shows that each of the six stocks mentioned above had more buying than selling on Tuesday 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 BAC with 3,477,625 greater shares of buying than selling (NetVol) and the stock price was down $-0.04000. 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.
BANK OF AMERICA CORPORATION (NYSE:BAC) - Bank of America Corporation, through its subsidiaries, provides banking and financial services to individuals, small- and middle-market businesses, corporations, and governments primarily in the United States and internationally. The companys Deposits segment generates savings accounts, money market savings accounts, certificate of deposits and IRAs, and checking accounts; and Global Card Services segment provides the U.S. consumer and business card, consumer lending, international card and debit card services. Its Home Loans & Insurance segment offers fixed and adjustable-rate first-lien mortgage loans for home purchase and refinancing needs, reverse mortgages, home equity lines of credit, and home equity loans, as well as property, casualty, life, disability, and credit insurance. The companys Global Commercial Banking segment provides commercial loans and commitment facilities, real estate lending, leasing, trade finance, short-term credit, asset-based lending, and indirect consumer loans; and capital management and treasury solutions, such as treasury management, foreign exchange, and short-term investing options. Its Global Banking & Markets segment provides financial products, advisory services, financing, securities clearing, settlement, and custody services; debt and equity underwriting and distribution, merger-related advisory services, and risk management products; and integrated working capital management and treasury solutions. The companys Global Wealth & Investment Management segment offers advisory services, team-based investment advice and guidance, brokerage services, and wealth management solutions, as well as retirement services. Bank of America Corporation serves customers through a network of approximately 5,900 banking centers and 18,000 automated teller machines. The company was founded in 1874 and is based in Charlotte, North Carolina..
J C Penney Company Inc (NYSE:JCP) - J. C. Penney Company, Inc., through its subsidiary, J. C. Penney Corporation, Inc., operates a network of department stores in the United States and Puerto Rico. It sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products, and home furnishings. The company also provides various services, such as styling salon, optical, portrait photography, and custom decorating. It sells its products through department stores and catalogs, as well as through the Internet at jcp.com. As of January 30, 2010, the companys distribution network included 13 merchandise distribution centers, 5 regional warehouses, and 4 direct fulfillment centers. As of March 29, 2010, it operated 1,100 department stores. The company was founded in 1902 and is based in Plano, Texas..
WELLS FARGO & COMPANY (NYSE:WFC) - Wells Fargo & Company, through its subsidiaries, provides retail, commercial, and corporate banking services primarily in the United States. The company operates in three segments: Community Banking; Wholesale Banking; and Wealth, Brokerage, and Retirement. The Community Banking segment offers deposits, including checking, market rate, and individual retirement accounts; savings and time deposits; and debit cards. Its loan products comprise lines of credit, auto floor plans, equity lines and loans, equipment and transportation loans, education loans, residential mortgage loans, health savings accounts, and credit cards. This segment also provides equipment leases, real estate financing, small business administration financing, venture capital financing, cash management, payroll services, retirement plans, loans secured by autos, and merchant payment processing services; purchases sales finance contracts from retail merchants; and a family of funds, and investment management services. The Wholesale Banking segment offers commercial and corporate banking products and services, including commercial loans and lines of credit, letters of credit, asset-based lending, equipment leasing, international trade facilities, trade financing, collection services, foreign exchange services, treasury and investment management, institutional fixed-income sales, commodity and equity risk management, insurance, corporate trust fiduciary and agency services, and investment banking services. This segment also provides banking products for commercial real estate market, and real estate and mortgage brokerage services. The Wealth, Brokerage, and Retirement segment offers financial advisory, brokerage, and institutional retirement and trust services. As of December 31, 2010, the company served its customers through approximately 9,000 banking stores in 39 States and the District of Columbia. Wells Fargo & Company was founded in 1929 and is headquartered in San Francisco, California..
NII Holdings Inc (NASDAQ:NIHD) - NII Holdings, Inc., through its subsidiaries, provides wireless communication services to businesses and individuals primarily in Mexico, Brazil, Argentina, Peru, and Chile. Its services include mobile telephone services comprising various calling features, such as speakerphone, conference calling, voice-mail, call forwarding, and additional line service; and Nextel Direct Connect service, which allows subscribers anywhere on its network to talk to each other on a push-to-talk basis, private one-to-one call, or on a group call. The company also offers International Direct Connect service, which allows subscribers to communicate with its subscribers in Mexico, Brazil, Argentina, Peru, Chile, the United States, and Canada. In addition, it provides various services, such as text messaging; mobile Internet; e-mail services; location-based services, which include the use of global positioning system technologies, digital media services, and Java enabled business applications; and international roaming services. Further, the company offers two-way radio service. NII Holdings, Inc. provides its products and services under the Nextel brand name. The company sells its products and services through direct sales representatives, indirect sales agents, telesales, Nextel retail stores, shopping center kiosks, and Web site. It was formerly known as Nextel International, Inc. and changed its name to NII Holdings, Inc. in December 2001. The company was founded in 1995 and is based in Reston, Virginia..
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..
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..
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