When was the last time besides yesterday that UVXY was down when the dow was down over 250, and the S&P was down 25? This makes absolutely zero sense. The VIX is totally being controlled. Just like everything, including the BS rule that market makers are able to naked short even though a stock is short share restricted, this market is rigged.
The stock is again short share restricted. Oh, unless you are a market maker, then the rules don't apply to you. They can naked short stocks down to the ground. This is clearly stock manipulation of a small bio by the shorts. However, the SEC will stand by and do absolutely nothing. I hate these mother-fkers
It never ceases to amaze me the manipulation of small bios. This stock was 4.5 10 days ago. They have now brought this stock to under at 100mil market cap. This drug is almost out of phase III, and has a huge potential. Wow, with HFT, fundamentals just dont matter anymore.
I have only traded UVXY a few times in the past. However, each time the Dow would go down 100+ pts, the stock went up a minimum of 1.00+. The breadth of the market is down significantly today, yet this is only up $.50. It is just #$%$ me off, as I am long most of my positions and use this as a hedge.
This guy has been bashing this stock since he was at FBR. Look at his August 2015 report. He states that he has concerns over the upcoming FDA review. Now that the committee has voted 17-0, and is a virtual lock for FDA approval, and he has to come out with another hit piece. This guy has been dead wrong about the drug. He clearly has a motive, as I would guess that numerous MS clients have been put in a short position.