RE:Not that I am a technical analyst...Endeavor continues to do well, share price wise. Since the start of April the price has on a daily basis, done better than GDX. Today EDV is only down by 1.5%, where GDX is down 5%. Also since April 1, the volume has dropped back to a more normal level.
So if anyone was following my hypothesis that the reason EDV underperformed GDX all through March, on high volume, for EDV, was that one of the big funds that holds EDV was selling off. My guess was Blackrock, which had the largest holding of EDV after La Mancha.
A reason I thought it might be Blackrock selling was bolstered by the fact that Blackrock share price is down 25% YTD, a remarkable drop, given that nothing else has come close to that large a pull back. I asked Goggle why that might be , but the answers didn't answer much, and I don't care enough to dig deeper.
And as I said before, I hope they have sold everything by now, and a bunch of nice retailers have bought all the shares up. And a few would have gone to the share buy back thing.
One result of the 'unnatural' poor performance of EDV all through March is that it is behind in where it 'should' be. My guess is the share price would be $40 at this time without that 'bad' selling. ( I figure selling done by a fund , to cover it's screw ups elsewhere, is bad.)
So hopefully the seller is done, or gone, and EDV will continue to make up lost ground.