Good run up on very little vol. 370k in 4 hours. The last hour of trading yesterday trade 300k shares. We may be seeing some short covering going into the weekend. Plus the Europe BS is slowing down to dull roar - just like last year with a major drop from Apr-Jul, then the US Gov screwed us last summer with the debt ceiling standoff. Hopefully we can get past Aug with no major blow-ups.
And maybe Iran will flare up and we can really see a pop in oil prices.
I just have to wonder if this is pricing in an expectation of lower revenues/lower earnings for Q2? Everyone expects losses and is acting accordingly. We won't know anything until 8/2, but based on the activity in some other holdings, I suspect the news doesn't look good.