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BUYINS.NET: Market Maker Surveillance Report. Highest Net Sell Volume and Negative Price Friction Stocks For November 19, 2008
Nov 20, 2008 (M2 PRESSWIRE via COMTEX) --
BUYINS.NET, www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for November 19, 2008. Since late October 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 2,315 companies with "abnormal" market making, 917 companies with positive Friction Factors and 5,988 companies with negative Friction Factors. Here is a list of the top 6 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. American International Group (NYSE: AIG), General Electric (NYSE: GE), National City Corp (NYSE: NCC), Alcoa (NYSE: AA), Motorola (NYSE: MO) and eTrade Financial (NASDAQ: ETFC). 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 % BuyVol Buy% SellVol Sell% NetVol Friction
AIG -$0.33 -16.92% 22,770,215 36.46% 39,025,059 62.49% -16,254,844 -492,571
GE -$1.48 -9.22% 82,209,003 45.29% 91,892,126 50.62% -9,683,123 -65,427
NCC -$0.27 -12.86% 20,763,508 42.41% 27,257,668 55.67% -6,494,160 -240,524
AA -$1.23 -12.97% 13,426,248 39.60% 18,667,717 55.06% -5,241,469 -42,614
MOT -$0.45 -11.54% 12,713,604 38.84% 17,451,652 53.32% -4,738,048 -105,290
ETFC -$0.22 -17.60% 9,366,191 40.50% 13,394,620 57.92% -4,028,429 -183,110
Click here to view chart: http://www.buyins.com/ff/ffnvdn11-19-08.jpg
Analysis 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 General Electric down -$1.48 with a Friction Factor of -65,427 and a Net Volume of -9,683,123. That means that it takes 65,427 more shares of selling than buying to drop GE by one penny. On Wednesday, the Market Makers allowed the stock to move down quickly on much heavier selling than buying (low negative friction).
American International Group, Inc.(NYSE: AIG), through its subsidiaries, provides insurance and financial services in the United States and internationally. It operates in four segments: General Insurance, Life Insurance and Retirement Services, Financial Services, and Asset Management. The General Insurance segment underwrites various business insurance products, including large commercial or industrial property insurance, excess liability, inland marine, environmental, workers compensation, and excess and umbrella coverages. This segment also offers various specialized forms of insurance, such as aviation, accident and health, equipment breakdown, directors and officers liability, difference-in-conditions, kidnap-ransom, export credit and political risk, and professional errors and omissions coverages. In addition, it provides property and casualty reinsurance products to insurers; automobile insurance products; residential mortgage guaranty insurance products; and second-lien and private student loan guaranty insurance products. The Life Insurance and Retirement Services segment offers individual and group life, payout annuities, endowment, and accident and health policies, as well as retirement savings products consisting of fixed and variable annuities. The Financial Services segment provides aircraft and equipment leasing, capital market transactions, consumer finance, and insurance premium financing. The Asset Management segment operations comprise investment-related services and investment products, including institutional and retail asset management, broker-dealer services, and spread-based investment products. The company was founded in 1967 and is based in New York, New York.
General Electric Company (NYSE: GE) operates as a technology, media, and financial services company worldwide. It operates through four segments: GE Capital, Energy Infrastructure, Technology Infrastructure, and NBC Universal. The GE Capital segment offers an array of products and services that include commercial loans, operating leases, fleet management, financial programs, home loans, insurance, credit cards, personal loans, and other financial services. The Energy Infrastructure segment involves in the development, implementation, and improvement of products and technologies that harness various resources, such as wind, oil, gas, and water. The Technology Infrastructure segment focuses on building healthcare, transportation, and technology infrastructure. The NBC Universal segment develops, produces, and markets film, television, news, sports, and special events. The company was founded in 1892 and is headquartered in Fairfield, Connecticut.
National City Corporation (NYSE: NCC), a financial holding company, provides commercial and retail banking, mortgage financing and servicing, consumer finance, and asset management services in the United States. Its retail banking services include deposit gathering and direct lending services, business banking services, education finance, retail brokerage, and lending-related insurance services to consumers and small businesses. The companys consumer lending products include home equity, student loans, and credit cards and other unsecured personal and small business lines of credit. National Citys commercial banking products and services include lines of credit, term loans, leases, investment real estate lending, asset-based lending, treasury management, stock transfer, international services, and dealer floorplan financing to large- and medium-sized corporations. The company also offers loan sales and securitization, structured finance, syndicated lending, commercial leasing, equity and mezzanine capital, derivatives, public finance, investment banking, correspondent banking, multifamily real estate lending, and commercial real estate lending to select customers in certain industries or distribution channels. Its mortgage banking activities comprise originating residential mortgage, home equity lines, and loans collateralized by one-to-four-family residential real estate, as well as servicing mortgage loans, home equity loans, and home equity lines of credit for third-party investors. National Citys asset management services include investment management, custody, retirement planning services, and other corporate trust services to institutional clients; and personal wealth management services for individuals and families. As of December 31, 2007, it operated approximately 1,400 branch banking offices in Ohio, Florida, Illinois, Indiana, Kentucky, Michigan, Missouri, Pennsylvania, and Wisconsin. The company was founded in 1845 and is headquartered in Cleveland, Ohio.
Alcoa, Inc. (NYSE: AA) engages in the production and management of primary aluminum, fabricated aluminum, and alumina worldwide. The company involves in the technology, mining, refining, smelting, fabricating, and recycling of aluminum. Its products include precision castings, industrial fasteners, consumer products, food service and flexible packaging products, plastic closures, and electrical distribution systems for cars and trucks. The company offers flat-rolled products, such as sheet and plate, foil products, and can reclamations; extruded and end products, including extrusion, tube, and architectural products; engineered solutions that comprise aerospace products, automotive components, Alcoa electrical and electronic solutions, castings, auto engineering products, and fasteners; and packaging and consumer products, which include flexible packaging, foodservice packaging, closures, and polymerization and extrusions. Alcoas products are used in aircraft, automobiles, commercial transportation, packaging, consumer products, building and construction, and industrial applications. The company has bauxite mining interests in Australia, Brazil, Guinea, Jamaica, and Suriname. It also has a joint venture with China International Trust & Investment Company to produce aluminum rolled products in China; and with Elkem Aluminium ANS, a supplier of metals and materials. The company was founded in 1888 and is based in New York, New York.
Motorola, Inc. (NYSE: MOT) provides technologies, products, and services for mobile communications. It operates in three segments: Mobile Devices, Home and Networks Mobility, and Enterprise Mobility Solutions. The Mobile Devices segment offers wireless handsets with integrated software and accessory products, as well as licenses intellectual property. The Home and Networks Mobility segment provides digital video, Internet Protocol video, and broadcast network interactive set-tops; end-to-end video delivery solutions, broadband access infrastructure systems, and associated data and voice customer premise equipment to cable television and telecom service providers; and wireless access systems, including cellular infrastructure systems and wireless broadband systems to wireless service providers. It also provides end-to-end cellular networks, including radio base stations, base station controllers, associated software and services, application platforms, and third-party switching for CDMA, GSM, iDEN, and UMTS technologies; and a portfolio of WiMAX products to create mobile IP broadband access. The Enterprise Mobility Solutions segment manufactures and sells analog and digital two-way radio, voice and data communication products and systems for private networks, wireless broadband systems, and end-to-end enterprise mobility solutions to a range of enterprise markets, including government and public safety agencies, as well as retail, utility, transportation, manufacturing, healthcare, and other commercial customers. The company markets its products and services through direct sales, distributors, dealers, retailers, and licensees primarily in the United States, Europe, Latin America, Asia, and China. It has a collaboration agreement with Avail Media, Inc. to deliver MWAVE, a combination of equipment and services that enable IPTV service providers to launch new entertainment services over high speed data networks. Motorola was founded in 1928 and is based in Schaumburg, Illinois.
E*TRADE Financial Corporation (NASDAQ: ETFC), through its subsidiaries, offers financial solutions to retail and institutional customers worldwide. It provides retail investments and trading, which include automated order placement and execution of equities, currencies, futures, options, exchange-traded funds, mutual funds, and bonds, as well as offers quick transfer, wireless account access, extended hours trading, quotes, and research and advanced planning tools. The company also offers various banking and financial services that include checking, savings, sweep, and money market accounts; certificates of deposit products; mortgage, home equity, margin, and credit card products; and various loans, including one to four-family, home equity, recreational vehicle, marine, commercial, automobile, and credit card loans. In addition, it provides advisory and asset management services to retail clients. E*TRADE Financial primarily provides services through its Web site at www.etrade.com, as well as through its network of customer service representatives, relationship managers, and investment advisors. The company was founded in 1982 and is based in New York, New York.
About BUYINS.NET
WWW.BUYINS.NET is a service designed to help bonafide shareholders of publicly traded US companies fight naked short selling. Naked short selling is the illegal act of short selling a stock when no affirmative determination has been made to locate shares of the stock to hypothecate in connection with the short sale. Buyins.net has built a proprietary database that uses Threshold list feeds from NASDAQ, AMEX and NYSE to generate detailed and useful information to combat the naked short selling problem. For the first time, actual trade by trade data is available to the public that shows the attempted size, actual size, price and average value of short sales in stocks that have been shorted and naked shorted. This information is valuable in determining the precise point at which short sellers go out-of-the-money and start losing on their short and naked short trades.
BUYINS.NET has built a massive database that collects, analyzes and publishes a proprietary SqueezeTrigger for each stock that has been shorted. The SqueezeTrigger database of nearly 2,200,000,000 short sale transactions goes back to January 1, 2005 and calculates the exact price at which the Total Short Interest is short in each stock. This data was never before available prior to January 1, 2005 because the Self Regulatory Organizations (primary exchanges) guarded it aggressively. After the SEC passed Regulation SHO, exchanges were forced to allow data processors like Buyins.net to access the data.
The SqueezeTrigger database collects individual short trade data on over 7,000 NYSE, AMEX and NASDAQ stocks and general short trade data on nearly 8,000 OTCBB and PINKSHEET stocks. Each month the database grows by approximately 50,000,000 short sale transactions and provides investors with the knowledge necessary to time when to buy and sell stocks with outstanding short positions. By tracking the size and price of each month's short transactions, BUYINS.NET provides institutions, traders, analysts, journalists and individual investors the exact price point where short sellers start losing money and a short squeeze can begin.
All material herein was prepared by BUYINS.NET, based upon information believed to be reliable. The information contained herein is not guaranteed by BUYINS.NET to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. None of the companies in this report have paid to be included in this report. From time to time we will mention a company that may have previously paid $995 per month for market data purchased from BUYINS.NET. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. BUYINS.NET is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein. BUYINS.NET will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.
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CONTACT: Thomas Ronk, CEO, BUYINS.NET
Tel: +1 800 715 9999
e-mail: Tom@buyins.net
WWW: http://www.buyins.net
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