Market Maker Surveillance Report. BSX, AMX, BAC, HPQ, ECPG, ZNGA, Highest Net Buy Volume With Lowest Price Friction For Wednesday, November 21st 2012
Nov 22, 2012 (M2 PRESSWIRE via COMTEX) --
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 4066 companies with "abnormal" market making, 3153 companies with positive Friction Factors and 2036 companies with negative Friction Factors. Here is a list of the top companies with the highest net buy volume on Wednesday 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. Boston Scientific Corp (NYSE:BSX), America Movil SAB de CV (NYSE:AMX), BANK OF AMERICA CORPORATION (NYSE:BAC), Hewlett-Packard Co (NYSE:HPQ), Encore Capital Group Inc (NASDAQ:ECPG), 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
BSX $0.260 4.97% 17,188,984 32.76% 14,620,356 27.86% 2,568,628 98,793
AMX $0.180 0.77% 4,258,767 35.04% 2,175,879 17.90% 2,082,888 115,716
BAC $0.130 1.35% 47,369,020 36.02% 43,700,416 33.23% 3,668,604 282,200
HPQ $0.230 1.96% 23,404,531 36.27% 21,040,454 32.61% 2,364,077 102,786
ECPG $0.260 1.03% 2,315,799 90.11% 373,143 14.52% 1,942,656 74,718
ZNGA $0.140 6.22% 10,830,720 56.70% 8,209,633 42.98% 2,621,087 187,221
Analysis 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 BSX with a Net Buy Volume of 2,568,628 shares and a Friction Factor of 98,793 shares. That means that it takes 98,793 more shares of buying than selling to move BSX higher by one penny. This means the Market Makers are allowing the stock to move up higher as of Wednesday (lower friction). And with one of the highest Net Buy Volumes, the combination of low friction and high net buy volume is bullish.
Boston Scientific Corp (NYSE:BSX) - Boston Scientific Corporation develops, manufactures, and markets medical devices used in various interventional medical specialties worldwide. It offers cardiac rhythm management products, which monitor the heart and deliver electricity to treat cardiac abnormalities; and RF generators, intracardiac ultrasound and steerable ablation catheters, and diagnostic catheters for the diagnosis and treatment of cardiac arrhythmias. The company also provides interventional cardiology products, such as coronary stent systems, coronary revascularization products to treat patients with atherosclerosis and intraluminal catheter-directed ultrasound imaging catheters and systems; vascular access products, balloon catheters, stents and peripheral vascular catheters, wires, and accessories, as well as products for peripheral embolization procedures; and biliary stents, drainage catheters, and micro-puncture sets to treat, diagnose, and ease various forms of benign and malignant tumors. In addition, it offers coated and uncoated detachable coils, micro-delivery stents, micro-guidewires, micro-catheters, guiding catheters, and embolics to neuro-interventional radiologists and neurosurgeons to treat diseases of the neurovascular system; and endoscopy and interventional bronchoscopy products to diagnose and treat various digestive diseases, as well as pulmonary disease systems within the airway and lungs. Further, the company provides urology/womens health products to treat patients with urinary stone disease, benign prostatic hyperplasia, stress urinary incontinence, pelvic organ prolapse, and excessive uterine bleeding; and spinal cord stimulation system for the management of chronic intractable pain of the trunk and/or limbs. Boston Scientific Corporation markets its products through direct sales force, and a network of distributors and dealers. The company was founded in 1979 and is headquartered in Natick, Massachusetts with additional offices in Tokyo, Japan and Paris, France..
America Movil SAB de CV (NYSE:AMX) - Amrica Mvil, S.A.B. de C.V. and its subsidiaries provide wireless and fixed communications services in Latin America. It offers wireless services, including prepaid wireless voice and data services; and data-based wireless services, such as SMS, MMS, WAP, PTT, SMS notifications, group messaging, infotainment, content download, video streaming, location-based services, vehicle location, and Internet access services. The company also provides voice and data network services, including TDMA, GSM, CDMA, GPRS, EDGE, UMTS, and HSDPA services; fixed line services, which include voice, Internet access, cable television, and data transmission; and voice and data network services. In addition, it involves in the sale of cellular phones and accessories. As of December 31, 2008, Amrica Mvil had approximately 182.7 million wireless subscribers and 3.8 million fixed-line subscribers in Mexico, Guatemala, Nicaragua, Ecuador, El Salvador, Brazil, Argentina, Colombia, the United States, Honduras, Chile, Peru, Paraguay, Uruguay, the Dominican Republic, Puerto Rico, Jamaica, and Panama. The company was founded in 2000 and is based in Mexico City, Mexico..
BANK OF AMERICA CORPORATION (NYSE:BAC) - Bank of America Corporation, through its subsidiaries, provides banking and financial services to individuals, small- and middle-market businesses, corporations, and governments primarily in the United States and internationally. The companys Deposits segment generates savings accounts, money market savings accounts, certificate of deposits and IRAs, and checking accounts; and Global Card Services segment provides the U.S. consumer and business card, consumer lending, international card and debit card services. Its Home Loans & Insurance segment offers fixed and adjustable-rate first-lien mortgage loans for home purchase and refinancing needs, reverse mortgages, home equity lines of credit, and home equity loans, as well as property, casualty, life, disability, and credit insurance. The companys Global Commercial Banking segment provides commercial loans and commitment facilities, real estate lending, leasing, trade finance, short-term credit, asset-based lending, and indirect consumer loans; and capital management and treasury solutions, such as treasury management, foreign exchange, and short-term investing options. Its Global Banking & Markets segment provides financial products, advisory services, financing, securities clearing, settlement, and custody services; debt and equity underwriting and distribution, merger-related advisory services, and risk management products; and integrated working capital management and treasury solutions. The companys Global Wealth & Investment Management segment offers advisory services, team-based investment advice and guidance, brokerage services, and wealth management solutions, as well as retirement services. Bank of America Corporation serves customers through a network of approximately 5,900 banking centers and 18,000 automated teller machines. The company was founded in 1874 and is based in Charlotte, North Carolina..
Hewlett-Packard Co (NYSE:HPQ) - Hewlett-Packard Company offers various products, technologies, software, solutions, and services to individual consumers and small- and medium-sized businesses (SMBs), as well as to the government, health, and education sectors worldwide. The companys Services segment provides consulting, outsourcing, and technology services to infrastructure, applications, and business process domains. Its Enterprise Storage and Servers segment offers storage and server products. This segment provides industry standard servers, business critical systems, and storage works offerings. The companys HP Software segment provides enterprise IT management solutions, information management and business intelligence solutions, and communications and media solutions. Its Personal Systems Group segment offers commercial personal computers (PCs), consumer PCs, workstations, handheld computing devices, calculators and other related accessories, and software and services for the commercial and consumer markets. The companys Imaging and Printing Group segment provides consumer and commercial printer hardware, printing supplies, printing media, and scanning devices, such as inkjet and Web solutions, laserjet and enterprise solutions, managed enterprise solutions, graphics solutions, and printer supplies. Its HP Financial Services segment offers leasing, financing, utility programs, and asset recovery services; and financial asset management services for enterprise customers, as well as specialized financial services to SMBs, and educational and governmental entities. The company also provides network infrastructure products under the ProCurve, 3Com, and TippingPoint brand names; video collaboration products under the Halo brand name; and Palm smartphones, as well as licenses its specific technology to third parties. Hewlett-Packard Company was founded in 1939 and is headquartered in Palo Alto, California..
Encore Capital Group Inc (NASDAQ:ECPG) - Encore Capital Group, Inc. purchases and manages charged-off consumer receivable portfolios. Its receivable portfolios include unsecured, charged-off domestic consumer credit cards, auto loan deficiency, and telecom receivables purchased from national financial institutions, major retail credit corporations, telecom companies, and resellers. The company, through its subsidiary, Ascension Capital Group, Inc., also provides bankruptcy services to the finance industry, including negotiating bankruptcy plans, monitoring and managing the consumers compliance with bankruptcy plans, and recommending courses of action to clients. Encore Capital Group, Inc. was founded in 1998 and is headquartered in San Diego, California..
Zynga Inc (NASDAQ:ZNGA) - .
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REGULATORY & COMPLIANCE NEWS
Friction Factor -- market maker surveillance system tracking Level II market makers in all stocks to determine Price Friction and compliance with new "Fair Market Making Requirements"
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Earnings Edge -- predicts probability, price move and length of move before and after all US stock earnings reports.
Seasonality -- predicts probability, price move and length of move based on exact time of year for all US stocks.
Group Trader -- tracks sector rotation and stock correlation to its sector and predicts future moves in ALL sectors and industry groups.
Pattern Scan -- automates tracking of every technical pattern and predicts time and size of move in all stocks.
GATS (Global Automated Trading System) -- tracks all known trading strategies and qualifies and quantifies which are working best in real time.
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