Market Maker Surveillance Report. PAL, HBAN, SPLS, GSAT, QQQ, FB, Highest Net Sell Volume and Negative Price Friction For Thur
December 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 3965 companies with "abnormal" market making, 3242 companies with positive Friction Factors and 2420 companies with negative Friction Factors. Here is a list of the top companies with the highest net sell volume on Thursday and lowest negative price Friction (bearish). This means that there was more selling than buying in the stocks and their stock prices dropped faster with less Friction. NORTH AMER PALLADIUM LTD (AMEX:PAL), HUNTINGTON BANCSHARES INCORPORATED (NASDAQ:HBAN), Staples Inc (NASDAQ:SPLS), Globalstar Inc (NASDAQ:GSAT), Powershares Qqq Trust Series 1 (NASDAQ:QQQ), Facebook Inc (NASDAQ:FB). 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 PAL $-0.030 -2.46% 651,534 17.36% 1,906,052 50.80% -1,254,518 -418,173 HBAN $-0.010 -0.23% 4,092,136 42.18% 5,597,858 57.70% -1,505,722 -1,505,722 SPLS $-0.360 -2.99% 5,377,984 42.50% 7,010,491 55.41% -1,632,507 -45,347 GSAT $-0.030 -6.76% 1,265,579 29.95% 2,959,767 70.05% -1,694,188 -564,729 QQQ $-0.050 -0.07% 18,482,438 46.43% 20,943,439 52.61% -2,461,001 -492,200 FB $-0.030 -0.11% 17,012,255 47.92% 19,951,108 56.20% -2,938,853 -979,618Analysis of the Friction Factor chart above shows that each of the six stocks mentioned above have low price friction combined with more selling than buying (negative Net Volume) in their stocks. 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 PAL down $-0.03000 with a Friction Factor of -418,173 and a Net Volume of -1,254,518. That means that it takes 418,173 more shares of selling than buying to drop PAL by one penny. On Monday the Market Makers allowed the stock to move down on heavier selling than buying (low negative friction).
NORTH AMER PALLADIUM LTD (AMEX:PAL) - North American Palladium Ltd. engages in exploring and mining platinum group metals, gold, and other base metals in Canada. The company explores primarily for palladium, platinum, gold, silver, nickel, and copper metals. The companys principal properties include the Lac des Iles palladium mine consisting of an open pit mine, an underground mine, and processing facilities located in the Thunder Bay District, Ontario; and Sleeping Giant gold mine located in the Abitibi region in Quebec, Canada. It also owns the Discovery project, Flordin property, and Shebandowan West project. The company was formerly known as Madeleine Mines Ltd. and changed its name to North American Palladium Ltd. in June 1993. North American Palladium Ltd. was founded in 1968 and is headquartered in Toronto, Canada..
HUNTINGTON BANCSHARES INCORPORATED (NASDAQ:HBAN) - Huntington Bancshares Incorporated operates as the holding company for The Huntington National Bank that provides commercial, small business, and consumer banking services. The company s Retail and Business Banking segment offers various financial products and services, including checking, savings, and money market accounts, certificates of deposit, consumer loans, and small business loans and leases; and investments, insurance, interest rate risk protection, foreign exchange hedging, and treasury management services to consumer and small business customers. Its Regional and Commercial Banking segment provides commercial lending; depository and liquidity management products; treasury management solutions; equipment and technology leasing; international services; and capital markets services, such as interest rate risk protection, foreign exchange hedging and sales, trading of securities, mezzanine investment capabilities, and employee benefit programs to government, not-for-profit, health-care, and publicly traded entities. The company s Automobile Finance and Commercial Real Estate segment offers financing for the purchase of automobiles, and new and used vehicle inventory by automotive dealerships; and financing for land, buildings, and other commercial real estate owned or constructed by real estate developers, automobile dealerships, or other customers. Its Wealth Advisors, Government Finance, and Home Lending segment provides investment management; investment servicing; custody, and corporate trust and retirement plan services; and administrative and operational support to fund to high net worth customers. It also offers online, mobile, and telephone banking services; and operates approximately 1,350 automated teller machines. As of July 24, 2012, the company had 680 branches located in Ohio, Michigan, Pennsylvania, Indiana, West Virginia, and Kentucky. Huntington Bancshares Incorporated was founded in 1866 and is headquartered in Columbus, Ohio..
Staples Inc (NASDAQ:SPLS) - Staples, Inc., together with its subsidiaries, operates as an office products company. The company offers various office supplies and services, office machines and related products, computers and related products, and office furniture under Staples, Quill, and other proprietary brands. It also provides copy and print services to retail and delivery customers, as well as technology services through its EasyTech business. The company sells and delivers office products and services directly to businesses and consumers through Internet retail, including Staples.com and Quill.com, as well as through contract sales force, direct mail catalog business, and retail stores. As of January 28, 2012, it operated 2,295 retail stores in 48 states and the District of Columbia in the United States; and 10 provinces and 2 territories in Canada, as well as in Belgium, Finland, Germany, the Netherlands, Norway, Portugal, Sweden, the United Kingdom, China, Argentina, and Australia. The company also operated 124 distribution and fulfillment centers in 29 states in the United States; 7 provinces in Canada; and in Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, the Netherlands, Norway, Portugal, Spain, Sweden, the United Kingdom, China, Argentina, Brazil, and Australia. Staples, Inc. was founded in 1986 and is based in Framingham, Massachusetts..
Globalstar Inc (NASDAQ:GSAT) - Globalstar, Inc. provides mobile voice and data communications services through satellite in the United States and Canada. It provides duplex services comprising mobile voice and data satellite communications, satellite data modem, and fixed voice and data satellite communications services; and simplex services, including personal, asset tracking, and remote monitoring. The company also offers various engineering services, such as installation of gateways and antennas. In addition, it provides duplex products, including voice and data equipment and data-only duplex equipment Qualcomm GSP-1720 satellite voice and data modems; and simplex products consisting of SPOT satellite GPS messenger and asset tracking solutions. The company primarily serves oil and gas, government, mining, forestry, commercial fishing, utilities, military, transportation, heavy construction, emergency preparedness, and business continuity industries, as well as individual recreational users. Globalstar, Inc. sells its products and services through various retail and wholesale channels, such as dealers, resellers, distribution managers, independent gateway operators, and direct sales. As of December 31, 2009, it operated 44 in-orbit satellites and 27 ground stations. The company was founded in 2003 and is headquartered in Covington, Louisiana..
Powershares Qqq Trust Series 1 (NASDAQ:QQQ) - .
Facebook Inc (NASDAQ:FB) - Facebook, Inc. operates as a social networking company worldwide. The company builds tools that enable users to connect, share, discover, and communicate with each other; enables developers to build social applications on Facebook or to integrate their Websites with Facebook; and offers products that enable advertisers and marketers to engage with its users. As of February 2, 2012, it had 845 million monthly users and 443 million daily users. The company was founded in 2004 and is headquartered in Menlo Park, California..
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