This chart shows ORB pretty much tracking the ITA (ETF) over the last year. OK, ORB is lagging a little but the ups & downs track. I'm watching closely to see if we're at a "double top" or just ready to move beyond $19.50 resistance and break into the stratosphere of the $20's again.
Taurus II will not have the same fairing sep failure as Taurus. NASA & Orbital & everyone else will make sure of that this time.
I don't think the failure had any bearing on the CCDev announcement: all of the players had CCDev $$ from the first round of funding - Orbital did not. Orbital's bid at CCDev2 seemed to me like a Hail-Mary pass.
You are correct, the data should bear out where they are going business wise.
I am worried that the whole market is ready for about a 10% correction which ORB will follow. I may sell if it edges back above 19 and look to buy back a couple of points lower. Down the road, I am somewhat concerned about how the federal budget will impact ORB. Republicans cannot say cut , cut, cut without getting some real blowback from Democrats if the cuts are not spread across the sectors of the economy.
Tom, your comments about "Cut, Cut, Cut" struck home to me after watching the Congress & Obummer hassle over the 2010 budget last week. So I lightened up considerably on my ORB, taking a decent profit here. Color me 'weak hands'.
I hate to be out of this good company but I'm just nervous about everything right now. Will get back in if/when gov't spending gets clarified AND ORB breaks through $18 -19 range with conviction.
PS: Personally I would like to see massive cuts to gov't spending so we give our children and grandchildren a chance at a decent life ...even if a few ORB programs get cut. There, I'm out of the closet. GLTAL