Feb. 18 at 10:13 PM
$LEU to follow up on this, I don't think its any surprise that we overshot the dump on earnings and the following week a 2x levered ETF
$LEUX is launched - to put it simply, if you're a Market Maker or a Whale and you know you're about to launch a 2X product that requires you to buy millions of dollars of the underlying stock to stay hedged, would you rather seed that fund at
$340 or
$185? And once you seed the fund, you have no incentive to keep it down when it's already 80% institutionally owned and a structural backbone of national security.
Funny how the timing on this was is all I'm saying