Market Maker Surveillance Report. PGR, SNDK, DISH, PSSI, INTC, HOLX, Bearishly Biased Price Friction For Monday, November 19th
November 19, 2012 / M2 PRESSWIRE / BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Monday. 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 Monday there were 3833 companies with "abnormal" market making, 4271 companies with positive Friction Factors and 1506 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. Progressive Corp (NYSE:PGR), SANDISK CORPORATION (NASDAQ:SNDK), DISH NETWORK CORPORATION (NASDAQ:DISH), PSS World Medical Inc (NASDAQ:PSSI), INTEL CORPORATION (NASDAQ:INTC), HOLOGIC, INC. (NASDAQ:HOLX). 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 PGR $-0.080 -0.37% 2,902,062 35.55% 2,434,989 29.83% 467,073 Abnormal SNDK $-0.070 -0.19% 3,172,651 55.74% 2,519,583 44.26% 653,068 Abnormal DISH $-0.520 -1.47% 2,312,503 55.56% 1,800,316 43.25% 512,187 Abnormal PSSI $-0.020 -0.06% 678,923 67.02% 334,054 32.98% 344,869 Abnormal INTC $-0.030 -0.16% 35,227,406 51.17% 33,503,302 48.67% 1,724,104 Abnormal HOLX $-0.040 -0.21% 2,187,833 57.09% 1,642,850 42.87% 544,983 AbnormalAnalysis of the Friction Factor chart above shows that each of the six stocks mentioned above had more buying than selling on Monday 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 PGR with 467,073 greater shares of buying than selling (NetVol) and the stock price was down $-0.08000. 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.
Progressive Corp (NYSE:PGR) - The Progressive Corporation, through its subsidiaries, provides personal and commercial automobile insurance, and other specialty property-casualty insurance products and related services primarily in the United States. The companys property-casualty insurance products protect its customers against losses due to collision and physical damage to their motor vehicles, uninsured and underinsured bodily injury, and liability to others for personal injury or property damage arising out of the use of those vehicles. It also offers personal lines products that comprise insurance for personal autos and special lines products, including motorcycles, ATVs, RVs, mobile homes, watercraft, and snowmobiles. In addition, the company provides commercial auto insurance that includes primary liability and physical damage insurance for autos, vans, and pick-up trucks used by artisans, such as contractors, landscapers, plumbers, and various small businesses. Further, its specialty truck commercial auto market comprises dump trucks, logging trucks, tow trucks, local cartage, and other short-haul commercial vehicles. The company also offers cargo and general liability insurance products; and professional liability insurance for community banks, principally directors and officers liability insurance. In addition, it sells personal auto insurance in Australia. The Progressive Corporation provides policy issuance and claims adjusting services for the commercial auto insurance procedures/plans. It sells its products and services through independent agents and brokers, as well as directly online or by phone. The company was founded in 1937 and is headquartered in Mayfield Village, Ohio..
SANDISK CORPORATION (NASDAQ:SNDK) - SanDisk Corporation designs, develops, manufactures, and markets NAND-based flash storage card products that are used in various consumer electronics products. Flash storage technology allows digital information to be stored in a durable, compact format that retains the data even after the power has been switched off. It offers removable cards, embedded products, universal serial bus flash drives, and flash-based digital media players, as well as wafers and components. The companys removable card products are used in various consumer electronics devices, such as mobile phones, digital cameras, gaming devices, and laptop computers; and embedded flash products are used in mobile phones, navigation devices, gaming systems, imaging devices, and computing platforms. It offers its products through retail and original equipment manufacturer distribution channels primarily in the United States, the Asia Pacific, Europe, the Middle East, and Africa. The company was formerly known as SunDisk Corporation and changed its name to SanDisk Corporation in August 1995. SanDisk Corporation was founded in 1988 and is based in Milpitas, California..
DISH NETWORK CORPORATION (NASDAQ:DISH) - DISH Network Corporation, through its subsidiaries, provides DISH Network subscription television services in the United States. The company operates the DISH Network television service, which provides a direct broadcast satellite subscription television services. As of December 31, 2009, it had 14.100 million subscribers. The company offers programming, which includes approximately 280 basic video channels; 60 Sirius Satellite Radio music channels; 30 premium movie channels; 35 regional and specialty sports channels; 2,500 local channels; 220 Latino and international channels; and 50 channels of pay-per-view content. DISH Network Corporation also offers receiver systems, including a small satellite dish, digital set-top receivers, and remote controls. It provides receiver systems and programming through direct sales channels; and independent retailers, such as small satellite retailers, direct marketing groups, local and regional consumer electronics stores, nationwide retailers, and telecommunications companies. DISH Network Corporation was founded in 1980 and is headquartered in Englewood, Colorado..
PSS World Medical Inc (NASDAQ:PSSI) - PSS World Medical, Inc., together with its subsidiaries, distributes medical products and equipment, pharmaceutical products, healthcare information technology, and billing services to alternate-site healthcare providers in the United States. It operates in two segments, Physician Business and Elder Care Business. The Physician Business segment distributes approximately 158,600 various products consisting of medical-surgical disposable supplies, pharmaceuticals, diagnostic equipment, non-diagnostic equipment, and healthcare information technology solutions. As of April 2, 2010, it operated a distribution network consisting of 27 full-service distribution centers, 34 break-freight locations, and 2 redistribution facilities. The Elder Care Business segment distributes approximately 47,100 medical and related products consisting of medical supplies, incontinent supplies and personal care items, enteral feeding supplies, point of care testing devices, advanced wound care, home medical equipment, and other supplies required by the long-term care patient. It also provides Medicare Part B and Medicaid billing services to the assisted living market. This segment serves independent, regional, and national nursing home facilities, home health agencies, assisted living centers, hospices, and home medical equipment dealers. As of the above date, it operated a distribution network consisting of 13 full-service distribution centers, 7 break-freight locations, 6 ancillary service centers, and 2 redistribution centers. The company was founded in 1983 and is based in Jacksonville, Florida..
INTEL CORPORATION (NASDAQ:INTC) - Intel Corporation engages in the design, manufacture, and sale of integrated circuits for computing and communications industries worldwide. It offers microprocessor products used in notebooks, netbooks, desktops, servers, workstations, storage products, embedded applications, communications products, consumer electronics devices, and handhelds. The company also provides system on chip products that integrate its core processing functionalities with other system components, such as graphics, audio, and video, onto a single chip. In addition, it offers chipset products that send data between the microprocessor and input, display, and storage devices, including keyboard, mouse, monitor, hard drive, and CD, DVD, or Blu-ray drives; motherboards designed for desktop, server, and workstation platforms, and that has connectors for attaching devices to the bus; and wired and wireless connectivity products consisting of network adapters and embedded wireless cards used to translate and transmit data across networks. Further, the company provides NAND flash memory products primarily used in portable memory storage devices, digital camera memory cards, and solid-state drives; software products comprising operating systems, middleware, and tools used to develop, run, and manage various enterprise, consumer, embedded, and handheld devices; and software development tools that enable the creation of applications. Additionally, it develops computing platforms, which are integrated hardware and software computing technologies designed to offer an optimized solution. The company sells its products principally to original equipment manufacturers, original design manufacturers, PC components and other products users, and other manufacturers of industrial and communications equipment. It has a strategic alliance with Scientific Conservation Inc. Intel Corporation was founded in 1968 and is based in Santa Clara, California..
HOLOGIC, INC. (NASDAQ:HOLX) - Hologic, Inc. develops, manufactures, and distributes medical imaging systems, and diagnostic and surgical products for serving the healthcare needs of women. The company operates in four segments: Breast Health, Diagnostics, GYN Surgical, and Skeletal Health. The Breast Health segment offers breast imaging products, such as selenia full field digital mammography system, breast tomosynthesis, screen-film mammography systems, securview workstation, cad systems, stereotactic breast biopsy systems, breast biopsy products, mammosite radiation therapy systems, mammopad breast cushions, and photoconductor coatings. This segment also develops a breast imaging platform, Dimensions, which utilizes a tomosynthesis technology to produce 3D images. The Diagnostics segment provides ThinPrep System, which is primarily used in cytology testing applications, such as cervical cancer screening; Rapid Fetal Fibronectin Test for pre-term birth risk assessment; and Human Papillomavirus Offering and InVitro Diagnostics for cervical cancer tests. The GYN Surgical segment offers NovaSure System, a minimally-invasive procedure that allows physicians to treat women suffering from excessive menstrual bleeding; and Adiana System, a form of permanent female contraception intended as an alternative to tubal ligation. The Skeletal Health segment provides QDR X-Ray Bone Densitometers that assess the bone density of fracture sites; Sahara Clinical Bone Sonometers, which assesses the bone density of heels; Mini C-Arm Imaging Systems that are used to perform minimally invasive surgical procedures on a patients extremities; and Extremity MRI for detecting rheumatoid arthritis and orthopedics. Hologic, Inc. sells its products through a combination of direct sales and service force, and a network of independent distributors and sales representatives primarily in the United States, Europe, and Asia. The company was founded in 1985 and is headquartered in Bedford, Massachusetts..
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