They are messing with it today, the spread isn't even matching futures at times.
They give themselves leeway saying its between 2x and 2.5x times.
Essentially anyone buying it looking for a "drop" is getting screwed by the big boys, there was huge buying this morning expecting a "crash" and they are all under-water, probably will get forced out at a loss today/tomorrow.
That's why if $BBOZ can't close at $4.60 I expect more "bounce" tomorrow.
XJO - Bear Posts only (Factors which might cause the markets to fall), page-477
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