BUYINS.NET, www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for June 9, 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 Tuesday there were 3,573 companies with abnormal market making 3,294 companies with positive Friction Factors and 2,187 companies with negative Friction Factors. Here is a list of the top 6 companies with the highest net sell volume on Tuesday 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. Philip Morris International (NYSE: PM), AT&T (NYSE: T), United Microelectronics (NYSE: UMC), Bristol Myers Squibb (NYSE: BMY), ThinkorSwim Group (NASDAQ: SWIM | Quote | Chart | News | PowerRating) and Hartford Financial Services Group (NYSE: HIG). 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
PM -$0.68 -1.53% 3,222,709 29.15% 6,314,828 57.12% -3,092,119 -45,472
T -$0.21 -0.86% 11,568,086 38.16% 14,316,379 47.23% -2,748,293 -130,871
UMC -$0.28 -9.15% 2,375,407 33.59% 4,303,939 60.87% -1,928,532 -68,876
BMY -$0.22 -1.11% 6,931,882 39.65% 8,377,094 47.92% -1,445,212 -65,691
SWIM -$0.25 -2.29% 211,806 12.79% 1,444,228 87.21% -1,232,422 -49,297
HIG -$0.41 -2.77% 4,867,594 38.51% 5,860,192 46.37% -992,598 -24,210
Click here to view chart: http://www.buyins.com/ff/ffnvdn6-9-09.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 PM down -$0.68 with a Friction Factor of -45,472 and a Net Volume of -3,092,119. That means that it takes 45,472 more shares of selling than buying to drop PM by one penny. On Tuesday the Market Makers allowed the stock to move down on heavier selling than buying (low negative friction).
Philip Morris International Inc (NYSE: PM | Quote | Chart | News | PowerRating) manufactures and sells cigarettes and other tobacco products in markets outside of the United States of America. The companys portfolio comprises international and local brands. Its primary international brands include Marlboro, Merit, Parliament, Virginia Slims, L&M, Chesterfield, Bond Street, Lark, Muratti, Next, Philip Morris, and Red & White. The companys local brands principally include A Mild, Dji Sam Soe, and A Hijau in Indonesia; Diana in Italy; Optima and Apollo-Soyuz in Russia; Morven Gold in Pakistan; Boston in Colombia; Belmont, Canadian Classics, and Number 7 in Canada; Best and Classic in Serbia; f6 in Germany; Delicados in Mexico; Assos in Greece; and Petra in the Czech Republic and Slovakia. It operates primarily in the European Union, the Middle East and Africa, Asia, Canada, and Latin America. The company is based in New York, New York.
AT&T Inc. (NYSE: T | Quote | Chart | News | PowerRating) operates as a communications holding company. Its subsidiaries and affiliates provide the AT&T brand services in the United States and internationally. The companys Wireless segment offers wireless voice communications services, including local wireless communications, long-distance, and roaming services with various postpaid and prepaid service plans. This segment also supplies various handsets and personal computer wireless data cards, as well as accessories. Its Wireline segment offers voice services, including local and long-distance services, calling card, 1-800 services, conference calling, wholesale switched access service, caller ID, call waiting, and voice mail services. This segment also provides data services, such as switched and dedicated transport, Internet access and network integration, and data equipment; high-speed connections comprising private lines, packet, dedicated Internet, and enterprise networking services, as well as DSL/broadband, dial-up Internet access, and WiFi products; businesses voice applications over IP-based networks; and local, interstate, and international wholesale networking capacity to other service providers. In addition, it offers managed Web hosting, application management, security service, integration services, outsourcing, directory and operator assistance services, government-related services, and U-verse television and satellite video services. The companys Advertising and Publishing segment publishes Yellow and White Pages directories; sells directory and Internet-based advertising; and provides multi-enterprise collaboration services to businesses in various industries, including retail, financial services, manufacturing, healthcare, and telecom. The company was formerly known as SBC Communications Inc. and changed its name to AT&T Inc. in November 2005 as a result of merger with AT&T Corp. AT&T Inc. was founded in 1983 and is based in Dallas, Texas.
United Microelectronics Corporation (NYSE: UMC), together with its subsidiaries, manufactures and sells advanced process integrated circuits (ICs) for applications spanning various sectors of the semiconductor industry in Taiwan. It develops system-on-chip (SOC) ICs for various applications, including copper interconnects, low k dielectrics, embedded DRAM, and mixed signal/RF CMOS. United Microelectronics Corporation also offers foundry services and mask tooling services. The company was founded in 1980 and is headquartered in Hsinchu City, Taiwan with additional offices in Japan, Singapore, Europe, and the United States.
Bristol-Myers Squibb Company (NYSE: BMY | Quote | Chart | News | PowerRating) engages in the discovery, development, licensing, manufacture, marketing, distribution, and sale of pharmaceuticals and nutritional products worldwide. It operates in two segments, Pharmaceuticals and Nutritionals. The Pharmaceuticals segment offers cardiovascular products, including PLAVIX, AVAPRO/AVALIDE, and PRAVACHOL; virology products comprising REYATAZ, SUSTIVA, and BARACLUDE; oncology products comprising ERBITUX, TAXOL, SPRYCEL, and IXEMPRA; affective and other psychiatric disorder products, such as ABILIFY; immunoscience products comprising ORENCIA; and other pharmaceutical products that include EFFERALGAN, ASPIRINE UPSA, DAFALGAN, and FERVEX. It sells its pharmaceutical products to wholesalers, distributors, retailers, hospitals, clinics, government agencies, and pharmacies. The Nutritionals segment manufactures, markets, distributes, and sells infant formulas and other nutritional products comprising ENFAMIL products that contain nutrients, such as docosahexaenoic and arachidonic acids. The company is also developing various compounds, which are in phase III clinical trials, including Apixaban, Saxagliptin, Dapagliflozin, Ipilimumab, Belatacept, XL-184, Tanespimycin, and Brivanib. In addition, it develops a therapeutic class of biologics called ADNECTINS. BMS has agreements with Sanofi-Aventis; Otsuka Pharmaceutical Co., Ltd.; ImClone Systems Incorporated; Gilead Sciences, Inc.; Medarex, Inc.; and AstraZeneca PLC, as well as collaborations with Pfizer Inc.; Exelixis, Inc.; and KineMed Inc. It also has an agreement with PDL BioPharma, Inc. for the development and commercialization of anti-CS1 antibody and elotuzumab for multiple myeloma; and a strategic alliance with Ensemble Discovery Corporation. The company was formerly known as Bristol-Myers Company and changed its name to Bristol-Myers Squibb Company in 1989. Bristol-Myers Squibb Company was founded in 1887 and is headquartered in New York, New York.
thinkorswim Group Inc. (NASDAQ: SWIM | Quote | Chart | News | PowerRating) provides online brokerage, investor education, and related financial products and services for self-directed investors and active traders in the United States. The company operates in two segments, Investor Education and Brokerage Services. The Investor Education segment offers investor education products and services that provide learning in various interactive delivery formats. It has approximately 398,000 graduates of its foundation course and 97,600 paid subscribers to its Web sites. This segments learning formats include Preview Event, a free event that introduces students to fundamental investing concepts; Workshops, which include live and instructor-led investing workshops that cover topics ranging from fundamental investing principles to advanced strategies; Home Study/Online Courses; Coaching Services, such as interactive workshops, and on-demand and one-to-many coaching services; Ongoing Support and Tutorials; and thinkorswim paperMoney, an application that enables the student to learn to execute trade online and test strategies. Its course offerings comprise Investing Foundation Course, Basic Options, Advanced Technical Analysis, Advanced Options, Forex, and Advanced Forex. The Brokerage Services segment provides a suite of trading platforms for self-directed and institutional traders, and money managers. This segment enables customers to trade a range of investment products. Its platform comprises interfaces, as well as trading, analytics, and research tools, which enable its customers to trade electronically. This segment also provides investment management services, enhanced investment strategies, and trade recommendations. thinkorswim Group was formerly known as Investools, Inc. and changed its name to thinkorswim Group Inc. in June 2008. The company was founded in 1996 and is headquartered in New York, New York with additional offices in Draper, Utah and Chicago, Illinois.
The Hartford Financial Services Group, Inc. (NYSE: HIG), through its subsidiaries, provides insurance and financial services in the United States and internationally. It engages in life, and property and casualty insurance businesses. The life insurance business comprises six segments: Retail Products Group (Retail), Retirement Plans, International and Institutional Solutions Group (Institutional), Individual Life, Group Benefits, and International. Retail segment offers variable and fixed market value adjusted annuities, retail mutual funds, 529 college savings plans, and Canadian and offshore investment products. Retirement Plans segment provides products and services to corporations and municipalities. Institutional segment offers institutional liability products and variable private placement life insurance, as well as mutual funds to institutional investors. Individual Life segment sells variable universal, whole, and term life products. Group Benefits segment offers group life, accident, and disability coverage. International segment provides investments, retirement savings, and other insurance and savings products in Japan, Brazil, Ireland, and the United Kingdom. The property and casualty insurance business includes five segments: Personal Lines, Small Commercial, Middle Market, Specialty Commercial, and Other Operations. Personal Lines segment offers automobile, homeowners, and home-based business coverage. Small Commercial segment provides standard commercial insurance coverage to small commercial businesses. Other Operations segment comprises certain property and casualty insurance operations, including the companys asbestos and environmental exposures. The company was formerly known as ITT-Hartford Group, Inc. and changed its name in 1972. The Hartford Financial Services Group, Inc. was founded in 1810 and is headquartered in Hartford, Connecticut.
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 2,550,000,000 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 months 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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