Want to know why?On approximately Feb. 28th there were only 535 million shares outstanding of the EWJ. A couple of days ago, it was approximately 750 million shares. As of yesterday, it was 696 million. Big firms went to Ishares last week and created tens of millions of shares when this was below 9.50. Now that it's at 10.50, they are redeeming their shares. They are getting out.This thing will lose even more shares in the next few days/weeks and will drop down to 9 again before they prop it up again. long EWV.
Long EWV?You must be in a lot of pain right now, and you've not even begun to feel the pain that's coming.When Warren Buffet speaks, people listen...
Nobody wants EWJ, that's why they are redeeming tens of millions of shares per day. Volume has dropped from 400 mil to 200 mil to 125 mil to 85 mil to maybe 55 mil today.
Everything is manipulated.