UVXY recently crashed to an all-time low of $14.91, immediately after the press conference on Wednesday at 2:00 PM. I'm in a game with my Econ class on Marketwatch, and have lost $4,000 because of this. Does anyone know what happened at the press conference?
Also, I read this on Yahoo, but I don't fully understand it. Did someone buy a lot of shares expecting the value of it to go down, and that makes them money? Is this making the value go down right now?
I put $30,000 of the virtual money in UVXY to buy and sell on the daily swings, but when it went down so much, I decided to hold on and wait for the value to go back up, which it hasn't so far. Should I expect it to go up anytime soon, or is it slated to keep dropping?
Submitted March 22, 2015 at 10:38PM by rheasons http://ift.tt/1Ii9qvC
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