Illustrative of my commentary of TPIV is this intra day chart where even though markets exploded big to upside late Wed and early Thurs this is what happened to TPIV with BIG DOWNSIDE VOLUME (not present since beginning of this week thru Wed 3PM):
Moreover, any technician does NOT want to see the following: TPIV shares hit a lower low and lower highs and lower close on BIGGER volume for both Wed and Thur which are diametrically opposite that the market, even XBI index.
So why in the face of a market confirmation to the upside (late yesterday and this morning) after those previous 6 consecutive downside mkt days would a TPIV shareholder SELL and in SIZE?: either overloaded, or margin selling and felt there were more timely investment alternatives with their money is the only logical explanation that comes to mind.
Unless there is BIG NEWS, shares need to stabilize and absorb whatever selling appears to flush it out: apparently beyond what EAM Investors et al could do?