Market Maker Surveillance Report. BAC, SIRI, NXY, TE, OPIX, SHAW, Highest Net Buy Volume With Lowest Price Friction For Tuesda
February 12, 2013 / 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 3957 companies with "abnormal" market making, 3100 companies with positive Friction Factors and 2248 companies with negative Friction Factors. Here is a list of the top companies with the highest net buy volume on Tuesday and lowest price Friction (bullish). This means that there was more buying than selling in the stocks and their stock prices rose faster with less Friction. BANK OF AMERICA CORPORATION (NYSE:BAC), Sirius XM Radio Inc (NASDAQ:SIRI), Nexen Inc (NYSE:NXY), TECO Energy Inc (NYSE:TE), ODYSSEY PICTURES CORP (OTC:OPIX), Shaw Group Inc (NYSE:SHAW). 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 $0.390 3.29% 89,234,024 38.84% 76,192,495 33.17% 13,041,529 334,398 SIRI $0.040 1.27% 55,056,980 60.58% 35,820,283 39.41% 19,236,697 4,809,174 NXY $0.570 2.12% 31,921,203 47.90% 24,174,327 36.28% 7,746,876 135,910 TE $0.100 0.59% 3,627,153 76.39% 636,162 13.40% 2,990,991 299,099 OPIX $0.029 483.33% 10,615,722 58.97% 7,385,460 41.02% 3,230,262 1,113,883 SHAW $0.020 0.04% 8,357,392 54.56% 5,379,306 35.12% 2,978,086 1,489,043Analysis of the Friction Factor chart above shows that each of the six stocks mentioned above have high net dollar gains (Change) and very low price friction 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 BAC with a Net Buy Volume of 13,041,529 shares and a Friction Factor of 334,398 shares. That means that it takes 334,398 more shares of buying than selling to move BAC higher by one penny. This means the Market Makers are allowing the stock to move up higher as of Tuesday (lower friction). And with one of the highest Net Buy Volumes, the combination of low friction and high net buy volume is bullish.
BANK OF AMERICA CORPORATION (NYSE:BAC) - Bank of America Corporation, through its subsidiaries, provides various banking and financial products and services to individual consumers, small-and middle-market businesses, institutional investors, corporations, and governments in the United States and internationally. The company s Deposits segment provides traditional savings accounts, money market savings accounts, CDs and IRAs, and noninterest-and interest-bearing checking accounts, as well as investment accounts and products. Its Card Services segment issues credit and debit cards in the United States providing a range of lending products, including co-branded and affinity products. The company s Consumer Real Estate Services segment offers a line of consumer real estate products and services comprising fixed and adjustable-rate first-lien mortgage loans for home purchase and refinancing needs, home equity lines of credit, and home equity loans. Its Global Commercial Banking segment provides a range of lending-related products and services, integrated working capital management, and treasury solutions to business banking and middle-market companies, commercial real estate firms, and governments. The company s Global Banking & Markets segment offers advisory services, financing, securities clearing, settlement, and custody services to institutional investor clients; debt and equity underwriting and distribution; merger-related and other advisory services; and risk management products. Its Global Wealth & Investment Management segment provides brokerage, banking, and retirement products; wealth structuring, investment management, trust and banking needs, and asset management services; and institutional and personal retirement solutions. As of May 12, 2012, the company served customers through a network of 5,700 banking centers, 17,750 ATMs, call centers, and online and mobile banking platforms. Bank of America Corporation was founded in 1874 and is based in Charlotte, North Carolina..
Sirius XM Radio Inc (NASDAQ:SIRI) - Sirius XM Radio Inc. provides satellite radio services in the United States and Canada. The company broadcasts approximately 135 channels, including music, sports, entertainment, comedy, talk, news, traffic, and weather channels on subscription fee basis through two satellite radio systems. It also offers music genres, such as rock, pop, and hip-hop, as well as dance, jazz, Latin, and classical music; advertising on non-music channels; and applications to allow consumers to access Internet services on mobile devices. In addition, the company sells satellite radios, components, and accessories; designs, establishes specifications, sources or specifies parts and components, and manages various aspects of the logistics and production of satellite and Internet radios; and licenses its technology to various electronics manufacturers to develop, manufacture, and distribute radios under various brands. Further, it provides music services for commercial establishments; satellite television services; Backseat TV, a service offering television content designed primarily for children in the backseat of vehicles; Travel Link, a suite of data services that include graphical weather, fuel prices, sports schedules and scores, and movie listings; and real-time traffic and weather services. The company s satellite radios are primarily distributed through automakers, retailers, and through its Website. As of October 3, 2012, it had 22.9 million subscribers. The company was formerly known as Sirius Satellite Radio Inc. and changed its name to Sirius XM Radio Inc. in August 2008. Sirius XM Radio Inc. was founded in 1990 and is headquartered in New York, New York..
Nexen Inc (NYSE:NXY) - Nexen Inc. operates as an independent energy company worldwide. The company s Conventional Oil and Gas segment explores for, develops, and produces crude oil and natural gas from conventional sources. This segment operates in the United Kingdom, Canada and the United States, and offshore West Africa, Colombia, and Yemen. Nexen s Oil Sands segment develops and produces synthetic crude oil from the Athabasca oil sands in northern Alberta. The company s Shale Gas segment explores for and produces unconventional gas from shale formations in northeastern British Columbia. Nexen Inc. was founded in 1971 and is headquartered in Calgary, Canada..
TECO Energy Inc (NYSE:TE) - TECO Energy, Inc., an energy-related holding company, primarily engages in the regulated utility operations. The company, through its subsidiaries, generates, purchases, transmits, distributes, and sells electric energy in Florida and Guatemala. It provides retail electric services to approximately 678,000 customers in west central Florida with a net winter system generating capacity of 4,684 megawatts, as well as sells its electric energy on wholesale basis to utilities and other resellers of electricity. The company also engages in the purchase, distribution, and sale of natural gas for approximately 340,000 residential, commercial, industrial, and electric power generation customers in Florida. In addition, it produces, processes, and sells bituminous, primarily low-sulfur coal of metallurgical, pulverized coal injection, steam, and industrial grades in eastern Kentucky, Tennessee, and southwestern Virginia. TECO Energy, Inc. was founded in 1899 and is headquartered in Tampa, Florida..
ODYSSEY PICTURES CORP (OTC:OPIX) - Odyssey Pictures Corporation operates in the media and entertainment industry. The company offers branding services; Web site design and development; Internet broadcast development specialized graphics; and online business presentation services, as well as hosting platform design services. It also provides media placement services, graphic design and integration, Web site functionality development, and Web site content and marketing services. The company, formerly known as Communications and Entertainment Corp., was founded in 1989 and is based in Plano, Texas..
Shaw Group Inc (NYSE:SHAW) - The Shaw Group Inc. provides technology, engineering, procurement, construction, maintenance, fabrication, manufacturing, consulting, remediation, and facilities management services to multinational and national oil companies, industrial corporations, regulated utilities, and the United States government agencies worldwide. Its Power segment provides a range of services, including design, engineering, procurement, and construction (EPC), technology, and consulting services primarily to the fossil and nuclear power generation industries; and Plant Services segment offers electric power refueling outage maintenance, turnaround maintenance, routine maintenance, offshore maintenance, modifications, capital construction, off-site modularization, fabrication, reliability engineering, plant engineering, plant support, and specialty services, as well as predictive and preventive maintenance services. The company s Environmental and Infrastructure segment provides environmental and infrastructure services, such as program and project management, design-build, engineering and construction, sustainability and energy efficiency, remediation and restoration, science and technology, facilities management, and emergency response and disaster recovery. Its Fabrication and Manufacturing segment supplies fabricated piping systems for industries that process fluids or gases comprising the electric power, chemical, and refinery industries; Energy and Chemicals segment offers EPC contract services; and Investment in Westinghouse segment supplies nuclear power plant designs, licensing, engineering services, equipment, fuel, and a range of other products and services to owners and operators of nuclear power plants. The company was founded in 1986 and is headquartered in Baton Rouge, Louisiana..
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