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Published in Business and Finance on Sunday, June 7th 2009 at 8:22 GMT, Last Modified on 2010-12-22 14:15:32 by WOPRAI

June 8, 2009 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for June 5, 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 3,572 companies with abnormal market making, 2,499 companies with positive Friction Factors and 2,985 companies with negative Friction Factors. Here is a list of the top 6 companies with the Abnormal Price Friction (unfair market) in their stock prices. This means that there was more buying than selling in the stocks and their stock prices dropped. Newmont Mining (NYSE: NEM), Eastman Chemical (NYSE: EMN), HSBC Holdings (NYSE: HBC), Northern Trust (NASDAQ: NTRS), Middleby Corp (NASDAQ: MIDD) and Ensco International (NYSE: ESV). 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:
SymbolChange%BuyVolBuy%SellVolSell%NetVolFriction
NEM-$2.60-5.48%3,331,21736.09%3,184,10634.49%147,111abnormal
EMN-$1.99-4.42%579,33837.33%535,88534.53%43,453abnormal
HBC-$1.62-3.71%1,182,17331.53%1,138,56830.37%43,605abnormal
NTRS-$1.57-2.75%1,356,67253.45%1,176,57146.36%180,101abnormal
MIDD-$1.44-2.91%161,37250.53%156,00448.85%5,368abnormal
ESV-$1.39-3.47%1,879,27540.31%1,786,83738.33%92,438abnormal
Click here to view chart:
Analysis of the Friction Factor chart above shows that each of the six stocks mentioned above had more buying than selling on Friday and their stock prices dropped. 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 NEM with 147,111 greater shares of buying than selling (NetVol) and the stock price was down -$2.60. This means the Market Makers were trading the stock in a way inconsistent with normal supply and demand (Economics 101); more buying than selling should cause prices to rise.
Newmont Mining Corporation (NYSE: NEM) engages in the production of gold from its properties in the United States, Australia, Peru, Indonesia, Ghana, Canada, Bolivia, New Zealand, and Mexico. It owns properties in Nevada, which include open pit mines and underground mines, including Carlin, located west of the city of Elko on the geologic feature known as the Carlin Trend; the Twin Creeks mine and the Midas mine near the town of Valmy; the Phoenix mine located south of Battle Mountain; and the Leeville underground mine located on the Carlin Trend. The company�s properties in Australia/New Zealand include the Fimiston open pit mine and Mt. Charlotte underground mine at Kalgoorlie, Australia; the Favona underground deposit and the Martha open pit located within the town of Waihi southeast of Auckland, New Zealand; and Boddington, a development project located southeast of Perth in Western Australia. Newmont also owns interest in a porphyry copper/gold deposit known as Batu Hijau located on the island of Sumbawa, Indonesia; and operates two open pits located in the Brong-Ahafo Region of Ghana. In addition, the company, through its interest in Minera Yanacocha S.R.L., owns interest in gold properties located near Cajamarca in Peru. Further, it owns interests in the Kori Kollo open pit mine in Bolivia; the La Herradura property located in Mexico; and the Hope Bay project in the Nunavut Territory of Canada. As of December 31, 2007, Newmont had proven and probable gold reserves of approximately 86.5 million equity ounces and an aggregate land position of approximately 42,680 square miles. The company was founded in 1916 and is headquartered in Denver, Colorado.
Eastman Chemical Company (NYSE: EMN) engages in manufacturing and selling chemicals, plastics, and fibers in the United States. The company operates in five segments: Coatings, Adhesives, Specialty Polymers, and Inks (CASPI); Fibers; Performance Chemicals and Intermediates (PCI); Performance Polymers; and the Specialty Plastics (SP). The CASPI segment manufactures liquid vehicles, additives, specialty polymers, and other raw materials that are used in paints and coatings, inks, adhesives, and other formulated products. The Fibers segment offers Estron acetate tow and Estrobond triacetin plasticizers used in cigarette filters; Estron natural and Chromspun solution-dyed acetate yarns for use in apparel, home furnishings, and industrial fabrics; and cellulose acetate flake and acetyl raw materials for acetate fiber producers. The PCI segment offers intermediates; performance chemicals; and complex organic molecules, such as diketene derivatives, specialty ketones, and specialty anhydrides for pharmaceutical, fiber, and food and beverage ingredients, which are used in specialty market applications. This segment�s products are used in various markets and end uses, including agrochemical, automotive, beverages, nutrition, pharmaceuticals, medical devices, toys, photographic and imaging, household products, polymers, textiles, and industrials. The Performance Polymers segment provides polyethylene terephthalate for use in beverage and food packaging, as well as in custom-care and cosmetics packaging, health care and pharmaceutical uses, household products, carpet fibers, and industrial packaging applications. The SP segment offers cellulosic plastics and specialty copolyesters, which are used in specialty packaging, in-store fixtures and displays, consumer and durable goods, medical goods, personal care and consumer packaging, photographic film, optical film, fibers/nonwovens, tapes/labels, and LCD�s. The Company was founded in 1920 and is headquartered in Kingsport, Tennessee.
HSBC Holdings Plc. (NYSE: HBC) was established in 1999. Headquartered in London, the Company has an international network of over 9,800 properties in 76 countries and territories in five geographical regions: Europe Hong Kong Rest of Asia-Pacific, including the Middle East and Africa North America and South America. Within these regions, a range of financial services is offered to personal, commercial, corporate, institutional, investment and private banking clients. Services are delivered mainly by domestic banks, typically with large retail deposit bases, and consumer finance operations. The Company manages its business through four customer groups: Personal Financial Services Commercial Banking Corporate, Investment Banking and Markets and Private Banking. Personal Financial Services provides over 105 million individual and self-employed customers with financial services in 62 countries. HSBC segments its Commercial Banking business into corporate, mid-market, small and micro businesses, allowing the development of tailored customer propositions while adopting a broader view of the entire Commercial Banking sector, from sole traders to top-end mid-market corporations. It provides a range of short and longer-term financing options for Commercial Banking customers, both domestically and cross-border, including overdrafts, receivables finance, term loans and property finance. The Company is a provider of domestic and cross-border payments, collections, liquidity management and account services worldwide. Deposits are attracted through both current accounts and savings products, in local and foreign currencies. It finances and facilitates significant volumes of international trade, under both open account terms and traditional trade finance instruments. HSBC also provides international factoring, commodity and insured export finance, and forfaiting services. Commercial Banking customers are volume users of the Group's foreign exchange capabilities, including sophisticated currency and interest rate options. HSBC offers commercial card services covering both issuing and acquiring. Commercial card issuing provides its customers with services which enhance cash management, improve cost control and streamline purchasing processes. HSBC offers card acquiring services, either directly or as part of a joint venture, enabling merchants to accept credit and debit card payments either in person/on the premises or when the cardholder is not present. It offers insurance services covering a full range of commercial insurance products designed to meet the needs of businesses and their employees, including employee benefit, pension and healthcare programmes, and a number of commercial risks such as buildings, marine, cargo, keyman and credit protection. HSBC deploys a full range of delivery channels, including specific online and direct banking offerings such as HSBCnet and Business Internet Banking. Global Banking and Markets provides tailored financial solutions to major government, corporate and institutional clients worldwide. Its operations in Global Markets consist of treasury and capital markets services for supranationals, central banks, corporations, institutional and private investors, financial institutions and other market participants. Its Private Banking Services comprise multi-currency deposit accounts and fiduciary deposits, credit and specialist lending, treasury trading services, cash management, securities custody and clearing. It operates in a highly competitive and international business environment. HSBC, its subsidiaries and its affiliates are subject to regulation, accounting standards and interpretations thereof and legislation in the various countries in which the Group operates.
Northern Trust Corporation (NASDAQ: NTRS) operates as the holding company for The Northern Trust Company that provides a range of banking and financial services to large and mid-sized corporations and financial institutions in the United States and internationally. It generates various deposit products, including demand and other noninterest bearing, savings, money market, savings certificates, and time deposit accounts. The company�s loan portfolio comprises residential real estate, commercial real estate, commercial, and personal loans, as well as lease financing. It also provides asset servicing, asset management, and related services to corporate and public retirement funds, foundations, endowments, fund managers, insurance companies, and government funds, as well as offers foreign exchange services. In addition, the company offers personal trust, investment management, custody, and philanthropic services; financial consulting; guardianship and estate administration; qualified retirement plans; and private banking services focusing on high net worth individuals and families, business owners, executives, professionals, retirees, and established privately-held businesses. Further, it provides brokerage, securities lending, transition management, and related services. Northern Trust Corporation was founded in 1889 and is based in Chicago, Illinois.
The Middleby Corporation (NASDAQ: MIDD), through its subsidiaries, engages in the design, manufacture, and sale of commercial foodservice and food processing equipment. It offers commercial foodservice equipment, including convection ovens, conveyor ovens, baking ovens, proofers, broilers, fryers, combi-ovens, charbroilers, steam equipment, pop-up and conveyor toasters, steam cooking equipment, food warming equipment, griddles, ventless cooking systems, coffee brewers, tea brewers, and beverage dispensing equipment. The company offers its commercial foodservice equipment to various foodservice operations, such as quick-service restaurants, full-service restaurants, convenience stores, retail outlets, hotels, and other institutions. The Middleby Corporation also provides food processing equipment, such as breading, battering, mixing, forming, and slicing machines under the MP Equipment brand name; cooking equipment, including batch ovens, belt ovens, and conveyorized cooking systems under the Alkar brand name; and packaging and food safety equipment product line under the Rapidpak brand name. It offers its food processing equipment to the international food processing companies. In addition, the company provides sales, technical service, and distribution services for the commercial foodservice industry. The Middleby Corporation sells and supports its foodservice equipment products primarily in Asia, Europe, Latin America, China, India, Lebanon, Mexico, the Philippines, the Russian Federation, Spain, South Korea, Sweden, Taiwan, and the United Kingdom. The company was formerly known as Middleby Marshall Oven Company and changed its name to The Middleby Corporation in 1985. The Middleby Corporation was founded in 1888 and is based in Elgin, Illinois.
ENSCO International Incorporated (NYSE: ESV), together with its subsidiaries, provides offshore contract drilling services to the oil and gas industry. It engages in the drilling of offshore oil and natural gas wells by providing its drilling rigs and crews under contracts with international, government-owned, and independent oil and gas companies. As of February 17, 2009, the company owned and operated 43 jackup rigs, 2 ultra-deepwater semi-submersible rigs, and 1 barge rig. It also had 6 ultra-deepwater semisubmersible rigs under construction. The company has operations in Asia, the Middle East, Australia, New Zealand, Europe/Africa, and North and South America. The company was founded in 1975 and is based in Dallas, Texas.
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