BUYINS.NET: Market Maker Surveillance Report. Top 6 Highest Net Buy Volume With Lowest Price Friction Stocks For February 6, 2009
Feb 09, 2009 (M2 PRESSWIRE via COMTEX) -- BUYINS.NET, www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for February 6, 2009. 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 Friday there were 2,938 companies with "abnormal" market making, 4,574 companies with positive Friction Factors and 1,402 companies with negative Friction Factors. Here is a list of the top 6 companies with the highest net buy volume on Friday 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. Ambac Financial Group (NYSE: ABK), E Trade Financial (NASDAQ: ETFC), CIT Group (NYSE: CIT), Altria Group (NYSE: MO), Discover Financial Services (NYSE: DFS) and Hewitt Associates (NYSE: HEW). 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
Analysis of the Friction Factor chart above shows that each of the six stocks mentioned above have high net buy volumes (buy volume - sell volume) and 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 ETFC with a Net Buy Volume of 4,691,394 shares and a Friction Factor of 335,100 shares. That means that it takes 335,100 more shares of buying than selling to move ETFC higher by one penny. This means the Market Makers are allowing the stock to move up higher as of Friday (but still with quite a bit of price friction). And with one of the highest Net Buy Volumes, the combination of price friction and high net buy volume is slightly bullish.
Ambac Financial Group, Inc. (NYSE: ABK), through its subsidiaries, provides financial guarantee products and other financial services to clients in the public and private sectors worldwide. It operates in two segments, Financial Guarantee and Financial Services. The Financial Guarantee segment provides financial guarantee insurance and other credit enhancement products, such as credit derivatives for public finance and structured finance obligations. It also provides credit protection in credit derivative form, as well as guarantees or provides credit protection on obligations already carrying insurance from other financial guarantors. This segment sells its products in the U.S. public finance market, the U.S. structured finance and asset-backed market, and the international finance market. The Financial Services segment provides financial and investment products, including investment agreements, funding conduits, interest rate, total return, and currency swaps, principally to clients of the financial guarantee business, which include municipalities and other public entities, health care organizations, investor-owned utilities, and asset-backed issuers. The company was founded in 1971 and is headquartered in New York, New York.
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.
CIT Group, Inc. (NYSE: CIT) operates as the commercial bank holding company that provides financial products and advisory services to the middle market. The company primarily engages in lending to mid-sized and small businesses, aerospace, rail and equipment leasing, vendor financing, and factoring. Its products principally include asset based loans; secured lines of credit; operating, capital, and leveraged leases; vendor finance programs; import and export financing; debtor-in-possession/turnaround financing; acquisition and expansion financing; project financing; small business loans; transportation finance; and letters of credit/trade acceptances. The companys services primarily comprise financial risk management; asset management and servicing; merger and acquisition advisory services; debt restructuring; credit protection; accounts receivable collection; commercial real estate advisory services; debt underwriting and syndication; insurance; and capital markets structuring. CIT Group provides its customers, located in approximately 50 countries across 30 industries, with the relationship, intellectual, and financial capital needed to yield solutions and possibilities for their businesses. The company was founded in 1908 and is headquartered in New York, New York.
Altria Group, Inc. (NYSE: MO), through its subsidiaries, engages in the manufacture and sale of cigarettes and other tobacco products in the United States and internationally. The company, through Philip Morris USA, offers cigarettes. Altria Group, through John Middleton, manufactures machine-made large cigars; and through, Philip Morris Capital Corporation, holds a portfolio of leveraged and direct finance lease investments. In addition, the company has a 28.6% economic and voting interest in SABMiller plc, a brewer. It sells its tobacco products to wholesalers, large retail organizations that include chain stores, and the armed services, as well as distributors, retailers, and state-owned enterprises. The company was founded in 1919 and is based in Richmond, Virginia.
Discover Financial Services (NYSE: DFS), together with its subsidiaries, operates as a credit card issuer and electronic payment services company primarily in the United States. The company offers Discover Card-branded credit cards to individuals and small businesses over Discovers signature card network; and other consumer products and services, including personal loans, student loans, prepaid cards, and deposit products. It also provides automated teller machine, debit, and electronic funds transfer network; payments network; and credit, debit, and prepaid cards issued by third parties. The company was founded in 1986 and is based in Riverwoods, Illinois.
Hewitt Associates, Inc. (NYSE: HEW) provides human resource benefits, outsourcing, and consulting services primarily in the United States and the United Kingdom. The company operates through three segments: Benefits Outsourcing, Human Resource Business Process Outsourcing (HR BPO), and Consulting. The Benefits Outsourcing segment offers health and welfare plan administration, defined contribution plan administration, and defined benefit plan administration services. The HR BPO segment provides talent management services, which include recruiting, learning and development, performance management, and succession planning; workforce management services that comprise compensation administration, total rewards, workforce administration, domestic relocation, leave management, and mobility; and core process management services, which include payroll services, benefits services, and payments services. The Consulting segment provides benefits consulting services, including retirement and financial management consulting, and health care consulting; and talent and organization consulting services. It provides an array of consulting and actuarial services covering the design, implementation, communication and operation of health and welfare, compensation, and retirement plans, as well as human resources programs and processes. Hewitt Associates was founded in 1940 and is based in Lincolnshire, Illinois.
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 2,400,000,000 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.
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(C)1994-2009 M2 COMMUNICATIONS LTD ********************************************************************** As of Thursday, 02-05-2009 23:59, the latest Comtex SmarTrend? Alert, an automated pattern recognition system, indicated an UPTREND on 10-20-2008 for ABK @ $3.52.
As of Thursday, 02-05-2009 23:59, the latest Comtex SmarTrend Alert, an automated pattern recognition system, indicated an UPTREND on 12-03-2008 for CIT @ $3.79.
As of Thursday, 02-05-2009 23:59, the latest Comtex SmarTrend Alert, an automated pattern recognition system, indicated an UPTREND on 11-25-2008 for DFS @ $9.74.
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