todays action! Once the natural gas storage report came out at 1030 there was a flight out of tech into big badly beaten down energy stocks. ECA, PBN were on fire all day today. Hard to sustain a rally when alot of people jumped into stocks that are now at 1/3 or 1/4 of where they were 18 months ago, many sporting double digit dividends to boot. We could trade sideways as people shift big capital into energy until the next news comes out. I would not want to be short this come earnings day. Thor has been a master of delivering great news to catch the market off guard. One more big sales order or a licensing deal will be the death knell of the shorts.
Thor is unlike BALDSILLY who overpromised and underdelivered. Thor is credible and once the street fully recognizes he is not like his predecessors BB will do just fine.