Market Maker Surveillance Report. MU, TSM, RFMD, GRPN, MJNA, ZNGA, Highest Net Sell Volume and Negative Price Friction For Wed
March 6, 2013 / M2 PRESSWIRE / BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Wednesday. 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 Wednesday there were 4062 companies with "abnormal" market making, 2745 companies with positive Friction Factors and 2607 companies with negative Friction Factors. Here is a list of the top companies with the highest net sell volume on Wednesday 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. Micron Technology Inc (NASDAQ:MU), Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM), RF MICRO DEVICES, INC. (NASDAQ:RFMD), Groupon Inc (NASDAQ:GRPN), Medical Marijuana Inc (OTC:MJNA), Zynga Inc (NASDAQ:ZNGA). 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 MU $-0.080 -0.92% 9,122,253 45.93% 10,615,156 53.45% -1,492,903 -186,613 TSM $-0.200 -1.09% 2,279,719 24.96% 3,370,403 36.91% -1,090,684 -54,534 RFMD $-0.010 -0.27% 2,270,331 41.49% 3,199,773 58.48% -929,442 -929,442 GRPN $-0.350 -6.12% 18,621,474 44.47% 22,504,388 53.74% -3,882,914 -110,940 MJNA $-0.020 -6.58% 2,046,739 30.50% 4,659,052 69.43% -2,612,313 -1,319,350 ZNGA $-0.040 -1.13% 10,111,434 45.95% 11,884,426 54.01% -1,772,992 -443,248Analysis 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 MU down $-0.08000 with a Friction Factor of -186,613 and a Net Volume of -1,492,903. That means that it takes 186,613 more shares of selling than buying to drop MU by one penny. On Monday the Market Makers allowed the stock to move down on heavier selling than buying (low negative friction).
Micron Technology Inc (NASDAQ:MU) - Micron Technology, Inc., together with its subsidiaries, engages in manufacturing and marketing semiconductor devices worldwide. Its products for data storage and retrieval comprise dynamic random access memory (DRAM) products, including DDR2 and DDR3 for use as main system memory in computers and servers; and other specialty DRAM memory products, such as DDR and DDR2 mobile low power DRAM, DDR, SDRAM, reduced latency DRAM, and pseudo-static RAM used in laptop computers, tablets, and other consumer devices. The company also offers NAND flash memory products, including RealSSD solid-state drives, flash memory cards, CompactFlash and memory stick products, SD memory cards, and JumpDrive products used in mobile phones, MP3/4 players, computers, solid-state drives, tablets, digital still cameras, and other personal and consumer applications. In addition, it resells flash memory products that are purchased from other NAND flash suppliers. Further, Micron Technology, Inc. provides NOR flash memory products that are electrically re-writeable, non-volatile semiconductor memory devices used in consumer electronics, industrial, wired and wireless communications, computing, and automotive applications; and manufactures semiconductor components for CMOS image sensors and other semiconductor products. It markets its products to original equipment manufacturers and retailers through its internal sales force, independent sales representatives, and distributors, as well as through a Web-based customer direct sales channel, and channel and distribution partners. The company was founded in 1978 and is headquartered in Boise, Idaho..
Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM) - Taiwan Semiconductor Manufacturing Company Limited engages in the computer-aided design, manufacture, packaging, testing, sale, and marketing of integrated circuits and other semiconductor devices. The company is also involved in the research, development, design, manufacture, and sale of solid state lighting devices and related applications products and systems; and renewable energy and efficiency related technologies and products, as well as manufactures masks. In addition, it provides customer and technical support services; and sells and markets solar related products. Taiwan Semiconductor Manufacturing Company Limited operates in Taiwan, the United States, Asia, Europe, and internationally. The company was founded in 1987 and is headquartered in Hsinchu, Taiwan..
RF MICRO DEVICES, INC. (NASDAQ:RFMD) - RF Micro Devices, Inc. designs, develops, manufactures, and markets radio frequency (RF) components and compound semiconductor technologies primarily in the United States and Asia. Its products enable mobility, as well as provide connectivity and support functionality in the mobile devices, wireless infrastructure, wireless local area networks, cable television /broadband, Smart Energy/advanced metering infrastructure, and aerospace and defense markets. The company offers products that range from single-function components to highly integrated circuits and multi-chip modules (MCMs). Its integrated circuit products include gain blocks, low noise amplifiers, power amplifiers (PAs), receivers, transmitters, transceivers, modulators, demodulators, attenuators, switches, frequency synthesizers, and voltage-controlled oscillators (VCOs); MCM products comprise PA modules, switch-filter modules, active antenna products, VCOs, phase-locked loops, coaxial resonator oscillators, variable gain amplifiers, hybrid amplifiers, and power doublers; and passive components consist of splitters, couplers, mixers, and transformers, as well as isolators and circulators. The company markets its products to original equipment manufacturers and original design manufacturers. RF Micro Devices, Inc. was founded in 1991 and is headquartered in Greensboro, North Carolina..
Groupon Inc (NASDAQ:GRPN) - GREATER PA CORP.
Medical Marijuana Inc (OTC:MJNA) - Medical Marijuana Inc. operates in the medical marijuana and industrial hemp markets. Its products range from patented and proprietary based cannabinoid products, to whole plant or isolated high value extracts specifically manufactured and formulated for the pharmaceutical, nutraceutical, and cosmeceutical industries. The company also offers services, including development of cannabinoid based health and wellness products, and medical grade compounds, as well as licensing of its proprietary testing, genetics, labelling, packaging, tracking, production, and standardization methods for the medicinal herb industry. Medical Marijuana, Inc. was founded in 2009 and is based in San Diego, California..
Zynga Inc (NASDAQ:ZNGA) - .
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