M2 PRESSWIRE-12 March 2009-BUYINS.NET: Market Maker Surveillance Report. Top 6 Highest Net Buy Volume With Lowest Price Friction Stocks For March 11, 2009(C)1994-2009 M2 COMMUNICATIONS LTD
RDATE:12032009
BUYINS.NET, www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for March 11, 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 Wednesday there were 3,635 companies with "abnormal" market making, 2,936 companies with positive Friction Factors and 2,450 companies with negative Friction Factors. Here is a list of the top 6 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. News Corp (NASDAQ: NWSA), Brocade Communications Systems (NASDAQ: BRCD), PetroQuest Energy (NYSE: PQ), Applied Materials (NASDAQ: AMAT), Century Aluminum (NASDAQ: CENX) and Office Depot (NYSE: ODP). 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
NWSA $0.20 3.63% 16,163,120 57.96% 13,646,568 48.94% 2,516,552 125,828
BRCD $0.08 3.30% 8,537,462 57.96% 6,187,801 42.01% 2,349,661 293,708
PQ $0.39 38.38% 5,275,329 52.26% 3,531,182 34.98% 1,744,147 44,722
AMAT $0.43 4.66% 11,845,529 52.97% 10,237,978 45.78% 1,607,551 37,385
CENX $0.31 22.93% 4,124,852 61.65% 2,552,986 38.16% 1,571,866 50,705
ODP $0.18 19.70% 6,809,075 47.59% 5,509,328 38.50% 1,299,747 72,208
Click here to view chart: http://www.buyins.com/ff/ffnvup3-11-09.jpg
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 NWSA with a Net Buy Volume of 2,516,552 shares and a Friction Factor of 125,828 shares. That means that it takes 125,828 more shares of buying than selling to move NWSA higher by one penny. This means the Market Makers are allowing the stock to move up higher as of Wednesday (with less price friction). And with one of the highest Net Buy Volumes, the combination of price friction and high net buy volume is bullish.
News Corporation (NASDAQ: NWSA) operates as a diversified global media company. The company's Filmed Entertainment segment produces live-action and animated motion pictures for distribution and licensing in entertainment media, as well as produces and licenses television programming worldwide. Its Television segment operates 27 broadcast television stations and broadcasts network programming in the United States; and develops, produces, and broadcasts television programming in Asia. News Corporation's Cable Network Programming segment produces and licenses programming distributed through cable television systems and direct broadcast satellite operators primarily in the United States. The company's Direct Broadcast Satellite Television segment distributes premium programming services via satellite and broadband directly to subscribers in Italy. Its Magazines and Inserts segment engages in the marketing operations, primarily the publication of free-standing inserts and the provision of in-store marketing products, and services; and magazine publishing. News Corporation's Newspapers and Information Services segment publishes 4 national newspapers in the United Kingdom; approximately 147 newspapers in Australia; and mass circulation, metropolitan morning newspaper in New York City, Baltimore, Boston, Florida, and California, as well as provides global business and financial news, and information through various media. The company's Book Publishing segment publishes English language books worldwide. Its Other segment supplies open end-to-end digital technology and services to digital pay-television platform operators and content providers; and offers display advertising in outdoor locations in Russia and eastern Europe, as well as engages in the Internet business. The company also provides mobile entertainment services and conducts operations in Latin America. News Corporation was founded in 1922 and is headquartered in New York, New York.
Brocade Communications Systems, Inc. (NASDAQ: BRCD) engages in the supply of storage area network equipment and provision of data center networking solutions. It offers infrastructure products and solutions, including directors, switches, routers, fabric-based software applications, and distance/extension products, management applications, and utilities, as well as host bus adapters and storage area network (SAN) switch modules, and embedded switches that assist companies in the development and delivery of storage and server consolidation, disaster recovery, data warehousing, data security, and in meeting compliance issues regarding data management. The company also offers fabric operating system that provides the infrastructure for deploying SANs, as well as provides management tools that enable end-users to manage and administer its SANs; and server connectivity solutions. In addition, Brocade Communications Systems offers various file data management solutions, including Brocade StorageX, an integrated suite of applications designed to logically aggregate distributed file data across heterogeneous environments, providing administrators with policies to manage and automate distributed file data; and Brocade File Management Engine that utilizes a technology for true open file migration, thereby simplifying file management and enabling organizations to virtualize their files and manage resources. Further, the company offers a range of professional and support services to facilitate customer projects; to assist customers in the design, implementation, and operation of SAN; and to provide customer support. It offers its products and services to end-user customers directly and through various distribution partners, including original equipment manufacturers, distributors, systems integrators, and value-added resellers in the United States, western Europe, and the greater Asia Pacific region. The company was founded in 1995 and is headquartered in San Jose, California.
PetroQuest Energy, Inc. (NYSE: PQ) operates as an independent oil and gas company. It engages in the exploration, development, acquisition, and operation of oil and gas properties in Oklahoma, Arkansas, and Texas, as well as onshore and in the shallow waters offshore the Gulf Coast Basin. The company primarily evaluates the Woodford Shale formation on a portion of its Oklahoma acreage, as well as conducts various multi well drilling programs in Arkansas. It also owns working interests in approximately 41,000 acres in the SE Carthage field in Texas. As of December 31, 2007, the company had 2,342 thousand barrels of proved oil reserves and 142,468 million cubic feet equivalent of natural gas and NGL reserves. It also owned working interests in 12 gross producing oil wells and 675 gross producing gas wells. PetroQuest Energy was founded in 1983 and is headquartered in Lafayette, Louisiana with additional offices in Houston, Texas, and Tulsa, Oklahoma.
Applied Materials, Inc. (NASDAQ: AMAT) designs, manufactures, and sells semiconductor fabrication equipment worldwide. The company's Silicon segment provides a range of manufacturing equipment used to fabricate semiconductor chips or integrated circuits. It offers systems that perform primary processes used in chip fabrication including: atomic layer deposition, chemical vapor deposition, physical vapor deposition, etch, rapid thermal processing, chemical mechanical planarization, and wafer metrology and inspection, as well as systems that etch, clean, measure, and inspect circuit patterns on masks used in the photolithography process. Its Applied Global Services segment offers products and services designed to improve the performance and productivity and reduce the environmental impact of the fab operations of semiconductor, LCD, and solar cell manufacturers. The company's Display segment provides equipment to fabricate thin film transistor LCDs for televisions, computer displays, and other consumer-oriented electronic applications. It's Energy and Environmental Solutions offers manufacturing solutions for the generation and conservation of energy. This segment also provides manufacturing solutions for wafer-based crystalline silicon, and glass-based thin film applications to enable customers to increase the conversion efficiency and yield PV devices. In addition, the company offers roll-to-roll vacuum Web coating systems for high-performance deposition of a range of films on flexible substrates for functional, aesthetic, or optical properties, as well as large-area sputtering equipment for the production of low-emissivity and solar control architectural glass. It primarily serves manufacturers of semiconductor wafers and chips, flat panel liquid crystal displays, and solar photovoltaic cells and modules. Applied Materials, Inc. was founded in 1967 and is headquartered in Santa Clara, California.
Century Aluminum Company (NASDAQ: CENX), through its subsidiaries, produces primary aluminum in the United States and internationally. The company offers molten aluminum, as well as standard-grade ingot, extrusion billet, and other value-added primary aluminum products. It also holds 50 percent joint venture interests in the Gramercy alumina refinery, located in Gramercy, Louisiana and a related bauxite mining operation in Jamaica. The company was founded in 1981 and is based in Monterey, California.
Office Depot, Inc. (NYSE: ODP), together with its subsidiaries, supplies a range of office products and services. It offers merchandise, such as general office supplies, computer supplies, business machines and related supplies, and office furniture through its chain of office supply stores under the Office Depot, Foray, Ativa, Break Escapes, Worklife, and Christopher Lowell brand names. The company also provides graphic design, printing, reproduction, mailing, shipping, and other services through design, print, and ship centers. It has operations throughout North America, Europe, Asia, and Central America. The company also sells its products and services through direct mail catalogs, contract sales force, Internet sites, and retail stores, through a mix of company-owned operations, joint ventures, licensing and franchise agreements, alliances, and other arrangements. As of December 31, 2008, Office Depot operated 1,267 North American retail division office supply stores and 162 international division retail stores, as well as participated under licensing and merchandise arrangements in 98 stores. The company was founded in 1986 and is based in Boca Raton, Florida.
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