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First Financial Corporation (THFF) — RQD Stock Rating Cockpit

$76.55 -1.23% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $76.24

First Financial Corporation (THFF) carries a Roarable Rating of C+ (Hold) with 68/100 RQD Confidence. The composite score sits in the neutral Hold band (59–69), meaning current holders don’t need to panic-sell while prospective buyers can wait for a move into the 70+ Buy zone.

📊 Historical Track Record: Scores of 68/100 (C+) historically posted market-perform odds over rolling 90-day windows (+1.8% avg 90D alpha vs SPY) →

ROARABLE C+ • HOLD / WATCH Cap $921.6M

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

⚡ INSTANT AI QUANT PREVIEW • $0 FREE TIER Click Any Pre-Computed AI Quant Specialist Briefing on THFF Below — or Connect Your Own ChatGPT / Claude

🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is THFF stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

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As of 2026-11-02, First Financial Corporation (NASDAQ: THFF) is rated C+ (Hold / HOLD) by Roarable's 5-pillar RQD engine with a composite confidence score of 68/100 at a spot price of $76.55 (-1.23% 1D, market cap $921.6M). Pillar breakdown: Fundamental Cash Engine 13/20, Institutional 13F & Options Flow 13/20, Executive Insider Alignment 13/20, FRED Macro Regime Fit 12/20, and SEC Balance-Sheet Forensics 17/20. Across 1096 tracked Financials issuers, THFF ranks #189 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief

🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does THFF compare to FMNB and FRBT in the Financials sector?

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Within the Financials sector (Major Banks), THFF carries a Roarable C+ (68/100 RQD), trailing P/E of 11.6x, gross margin of —, and ROIC of 12.2%. By comparison, FMNB (Farmers National Banc Corp.) holds a C+ grade (67/100 RQD, P/E 17.1x, ROIC 11.2%, cap $934.3M) and FRBT (Forbright Inc. (Class A)) posts a D grade (50/100 RQD, P/E N/A, ROIC —, cap $935.6M). Among the 5-stock peer group, THFF leads on earnings multiple (11.6x) while THFF leads on capital efficiency (12.2% ROIC).

✓ Pre-computed one-to-many AI Quant brief

🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for THFF?

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Per THFF's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0000714562), First Financial Corporation generated $0 in revenue, $79.2M in net income, and $86.4M in free cash flow against $5.76B in total assets and $0 in total debt. Key quantitative strengths: Company leadership has skin in the game with net positive insider conviction.. Primary risk factors monitored: Broader market pullbacks can still drag down strong stocks in the short run.. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief

🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

EXT / AFTER-HRS: $76.24 (-0.41%)🧬 Cannibal Buyback (-2.64% YoY Shares)⚙️ Cash Engine: 13/20 (C) • 2.2% FCF Margin

Verify 90D Bucket Audit →

📊 Historical Track Record: Scores of 68/100 (C+) historically posted market-perform odds over rolling 90-day windows (+1.8% avg 90D alpha vs SPY • 56.9% hit rate — wait for RQD ≥ 70 breakout).

Audit Bucket Track Record →

RQD QUANT TACHOMETERHOLD / WATCH • C+

JEV AI Jury Split (Battleground)

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw B · Rk C

Each axis scored 0–20

12M PRICE TARGET CONE+4.5% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for THFF)Realized 20D OHLCV Swing Band: ±4.2%

Deterministic 5-Pillar Attribution (68/100 Composite)

🔍 WHY THFF SCORES 68/100 (C+) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag

▲ #1 Bullish Driver: Insider Conviction & Share Dilution+17/20 pts (25% of score)

SEC Form 4 / 13F Thermometer: 85% Net Buy • Cannibal Buyback (-2.64% YoY Shares)

▲ #2 Bullish Driver: Cash Engine Quality+13/20 pts (19% of score)

SEC XBRL FY 2025 (10-K): 2.2% FCF Margin ($86.4M FCF) & 52% Gross Margin

▼ #1 Drag / Risk Factor: Macro Regime Fit12/20 pts (-8 pt drag)

Macro rate sensitivity & RSI-14 (58.9) create a -8 pt regime headwind

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current

Q1 (-3Q)

Grade C$73.63+0.5% Next Q

Q2 (-2Q)

Grade C+$73.98+3.4% Next Q

Q3 (-1Q)

Grade C+$76.46+0.1% Next Q

Current

Grade C+$76.55+1.8% Hist 90D α

Trajectory: C (60) → C+ (68)Full Audit →

⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)GIDEON ASHMERE // FORENSIC SHORT & KILL-SWITCH DOSSIER

⚔️ Adversarial Opposing Case: Why the THFF Bull Thesis Could Fail

Gideon Ashmere Forensic Desk →

Even with a 68/100 (C+) score, THFF faces multiple-compression risk if 11.6x trailing P/E re-rate toward historical sector medians or if hyperscaler/enterprise customer concentration slows in upcoming 10-Q filings.

⚠️ Forensic Kill-Switch #1

Broader market pullbacks can still drag down strong stocks in the short run.

⚠️ Forensic Kill-Switch #2

Dilution & Margin Drag: Cannibal Buyback (-2.64% YoY Shares) — any gross margin slip below 49.5% triggers an automatic RQD downgrade.

⚠️ Forensic Kill-Switch #3

Technical & Forensic Kill-Switch: A daily close below the 50D SMA ($76.24) or 200D SMA ($71.34) invalidates the momentum regime and cuts Target Base ($79.99) toward Bear Floor ($62.39).

🎲 LIVE PREDICTION MARKET ODDS TIED TO $THFF• $2.4M Crowd Pool • Kalshi / Polymarket Composite

Contract: “THFF Beats Next Quarter EPS Consensus (Dec 30, 2026) & Holds Above 200D SMA”

YES 68%NO 32%Trade / Inspect Odds →

RSI-14 MOMENTUMBULLISH MOMENTUM

58.930 Oversold · 70 Hot

ALTMAN-Z SHIELDFORTRESS SAFE (>3.0)

3.80>3.0 Fortress Safe

PIOTROSKI F-SCORESOLID CORE (5–6)

5 / 99-Pt Accounting

52-WEEK LASER RANGE76% OF RANGE

L: $52$76.55H: $84

1. Money & Cash Health● MIXED

Are profits real cash in the bank?

Decent core business (steady margins), though cash flow growth is moderate rather than explosive right now.

Factor Grade: CRQD 13 / 20

2. Big Money & Insiders● BUYING

Are whales & executives buying or selling?

Hedge funds and options traders are leaning bullish, showing strong institutional appetite.

Factor Grade: BRQD 30 / 40

3. Hidden Risks & Market Weather● WATCH

SEC fine-print scan & interest-rate fit

No major SEC filing blowups, though current interest rates and Fed liquidity call for normal position sizing.

Factor Grade: CRQD 25 / 40

MULTI-MODEL JEV QUANT JURY DELIBERATION

JEV AI Jury Split (Battleground) on THFF

Cash & Moat Bull AI

ROIC & Free Cash Flow Model

NEUTRAL (65)

12.2% ROIC with 42.0% gross margin and 9.38% FCF yield.

SEC Forensic Auditor AI

10-K Accruals & Altman-Z Guard

NEUTRAL (65)

Altman-Z 4.20 and Piotroski 5/9 pass balance-sheet audit.

Whale & Macro Hawk AI

Options Skew, 13F & Fed NetLiq

BULLISH (70)

30/40 institutional & smart-money positioning score with 12/20 macro alignment.

Bull Case: Why Buyers Like THFF

✓Company leadership has skin in the game with net positive insider conviction.

Bear Case: What Could Go Wrong

!Broader market pullbacks can still drag down strong stocks in the short run.

ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Quantitative Research Desk

Scheduled RQD Strong Buys & Whale Accumulation Briefing (THFF Tape Review)

✓Breakdown of the highest-scoring RQD Green-Light breakouts across our 5,200+ rated universe
✓Forensic Red-Light accounting & dilution traps to review on your watchlist
✓Includes downloadable .ics calendar invite & nightly RQD rating-change email alerts

RQD INSIDER CLUB WAITLIST$49/YR PLANNED

Want Custom AI PineScript / Python Indicators & Priority Rating-Change Alerts?

Join Founding VIP Waitlist (No Card Required) →$100K Arena

THFF // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: +16.91%▼ DESCENDING CHANNEL

2026-11-02O $76.83H $77.50L $76.55C $76.55VOL 114.9K

RES: $78.55SUP: $70.75SMA50: $76.24SMA200: $71.34

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

THFF Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 THFF Butterfly Map → + Track THFF →

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)

1.8%/yr Implied 5Y Growth

vs. +6.0% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on THFF today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for THFF. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for THFF today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (THFF)

Financials Rank #189 of 1096 ⚔️ FMNB vs THFF Full Matrix →

1. Head-to-Head Financials Peer Comparison (THFF vs. FMNB, FRBT, GSBC, TRST)

Industry: Major Banks (248 Tracked Issuers)

Across 1096 tracked Financials securities in the Roarable RQD universe, First Financial Corporation (THFF) ranks #189 by composite RQD confidence (68/100, grade C+) and #571 by equity capitalization ($921.6M). Within this direct 5-issuer industry benchmark cohort, THFF leads on earnings valuation at 11.6x trailing P/E, while THFF leads on capital efficiency and profitability with 12.2% ROIC and — gross margin. GSBC currently holds the highest overall quantitative score in the immediate peer group at 72/100 (B) compared with THFF at 68/100 (C+).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
THFF ACTIVE First Financial Corporation	C+	68/100	11.6x	—	12.2%	-1.23%	$921.6M	Benchmark Subject
FMNB Farmers National Banc Corp.	C+	67/100	17.1x	—	11.2%	-0.82%	$934.3M	/fmnb-vs-thff →
FRBT Forbright Inc. (Class A)	D	50/100	—	—	—	-1.41%	$935.6M	/frbt-vs-thff →
GSBC Great Southern Bancorp Inc.	B	72/100	12.4x	—	11.2%	-0.96%	$881.9M	/gsbc-vs-thff →
TRST TrustCo Bank Corp NY	C	62/100	15.8x	—	8.9%	-1.07%	$968.4M	/trst-vs-thff →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0000714562

In its most recent audited fiscal period (FY2025, filed 2025-12-31), First Financial Corporation (THFF) reported GAAP revenue of $0 (N/A vs. FY2024 revenue of $0 ) , GAAP net income of $79.2M, operating cash flow of $90.4M, and free cash flow of $86.4M (+59.3% YoY). On the balance sheet, THFF closed FY2025 with $5.76B in total assets against $0 in total debt (Altman Z-Score: N/A, Piotroski F-Score: 5/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2025-12-31	$0	$79.2M	$90.4M	$86.4M	$5.76B	—
FY2024 (FY)	2024-12-31	$0	$47.3M	$60.4M	$54.3M	$5.56B	—
FY2023 (FY)	2023-12-31	$0	$60.7M	$86.1M	$86.1M	—	—

3. THFF Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is THFF stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

How does THFF compare to FMNB and FRBT in the Financials sector?

What are the biggest fundamental strengths and SEC risk factors for THFF?

Where is THFF trading relative to its 50-day, 200-day, and 52-week technical levels?

THFF last traded at $76.55 (-1.23% on volume of 104,030 shares), positioning the stock +0.41% above its 50-day simple moving average ($76.24) and +7.30% above its 200-day simple moving average ($71.34). Across its 52-week range of $52.45 to $84.17, THFF sits at the 76.0% percentile with a 14-day RSI of 58.9 (BULLISH MOMENTUM) and an implied next-earnings move of ±4.2% ($73.33 to $79.77).

THFF Investor FAQ & Complete 8-Part Research Index

100% OPEN ACCESS • SEC EDGAR × CBOE × FRED

Should I buy, hold, or sell THFF stock right now?

First Financial Corporation (THFF) currently earns a Roarable Rating of C+ (Hold — HOLD) with 68/100 RQD Confidence. Solid steady margins (12% return on capital), mixed timing at 12x P/E—hold if owned, no rush to chase.

What is THFF's 12-month price target and RQD AI Jury consensus?

THFF's 12-month base price target is $79.99 (range $62.39 to $94.39), backed by transparent SEC XBRL cash-flow, Form 4 insider, and CBOE options flow analysis.

Direct Sub-Reports: THFF RQD Cockpit THFF 12M Forecast THFF Earnings & Move THFF Dividends & DRIP THFF Insiders & 13F THFF Whale Options THFF Profit Sankey THFF News & Why

ROARABLE RATING BRIEF • RQD 68/100 (C+) ✓ STAGE-C NUMBER FIREWALL VERIFIED

THFF — First Financial Corporation: What the Facts Mean to a Prospective Investor

Engine: anthropic/claude-haiku-5.5

As of: 2026-11-02T15:31:48Z

Roarable Rating Brief: What This Means to a Prospective Investor

Per the Roarable RQD rating, THFF scores 68 out of 100, graded C+, with the verdict "Roarable Hold — Upper Neutral / Watch for Breakout." The five pillars are: Fundamental Cash Engine 13/20 (ROIC 12.2%; FCF yield 9.38%); Whale 13F Flow 13/20 (institutional accumulation and options positioning); Insider Conviction 17/20 (SEC Form 4 and Congressional PTR cluster flow), the strongest pillar; Macro Regime Fit 12/20 (Beta 1.0; sector sensitivity); and Forensic Balance Sheet 13/20 (Altman Z 2.5; Piotroski F 5/9; Debt/Equity 0.5). For a prospective investor, the profile reads as balanced rather than decisive: cash generation and insider activity provide the main upside case, while macro sensitivity and a mid-range balance sheet temper it. The "Watch for Breakout" label implies the rating depends on confirmation from future data rather than current strength alone. The sharpest valuation tradeoff is that the reported P/E (TTM) of 11.6 and forward P/E of 10.8 sit alongside a 9.38% FCF yield, which may appeal to value-oriented readers, but these multiples do not by themselves establish that the shares are mispriced.

Business

Per the profile, First Financial Corporation (THFF) is a NASDAQ-listed issuer in the Financials sector, operating within the Major Banks industry. The company's products, customer base, and specific revenue streams are not available in source data. The profile identifies a market capitalization of $0.9B. Beyond sector and industry classification, the source data does not describe how the company makes money.

Financial Trend

Period	Revenue	Operating Income	Net Income	EPS	FCF	Cash	Debt
FY 2025	$0.0M	$0.0M	$79.2M	N/A	$86.4M	N/A	N/A
FY 2024	$0.0M	$0.0M	$47.3M	N/A	$54.3M	N/A	N/A
FY 2023	$0.0M	$0.0M	$60.7M	N/A	$86.1M	N/A	N/A

Per the SEC financials, reported net income moved from $60.7M (FY 2023) to $47.3M (FY 2024) before rising to $79.2M (FY 2025), and free cash flow followed a similar path from $86.1M to $54.3M to $86.4M. Revenue, operating income, and EPS are reported as zero or N/A in the source, so margin analysis is not possible from these filings. The market data reports gross, operating, and net margins each at 0%, which the source does not contextualize and which should not be read as a measured result. Per the market data, ROIC is 12.2%. Per the Roarable RQD rating, the Altman Z-Score is 2.5, the Piotroski F-Score is 5/9, and Debt/Equity is 0.5. Cash and debt balances are not available in source data.

Recent Catalysts & News Wire Analysis

Per the recent news feed, six items reference THFF:

Yahoo Finance (YELLOW, MARKET WIRE): a Q3 earnings snapshot.
TradingView (YELLOW, MARKET WIRE): a headline about estimates.
Seeking Alpha (GREEN, CATALYST): a headline titled "Acquisitions Drive 2027 Growth," the only item flagged as a catalyst with a green signal.
Yahoo Finance (YELLOW, MARKET WIRE): a headline describing THFF as a top dividend stock.
MarketBeat (YELLOW, MARKET WIRE): a headline citing a consensus price target of $87.25.
Stock Titan (YELLOW, MARKET WIRE): a report of a director purchase of 87 shares at $73.5760 each.

Risk watch items are the feed's YELLOW labels, which denote market-wire status rather than confirmed risk. The Butterfly Supply-Chain Graph lists no supply chain and no links or proprietary signals, so no proprietary signal analysis is available.

Open Questions

What are THFF's revenue and operating income figures, given that the source reports $0.0M for both across all periods?
What are the cash and debt balances, needed to verify the Debt/Equity of 0.5 and assess the forensic balance sheet?
What drives the reported 0% gross, operating, and net margins, and do they reflect a data gap or an actual reporting condition?
What does the "Acquisitions Drive 2027 Growth" catalyst assume, and what does the source say about the timing and scale of acquisitions?
Which institutional holders and insider transactions underpin the 13F and Insider Conviction pillar scores?

THFF Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for First Financial Corporation (THFF) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to THFF Debate Forum (3) ↓

🟡 MARKET WIRE Yahoo Finance • 7h ago

First Financial Corp.: Q3 Earnings Snapshot

Yahoo Finance report covering First Financial Corporation (THFF) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE TradingView • 10h ago

First Financial Corporation Estimates – NASDAQ:THFF

TradingView report covering First Financial Corporation (THFF) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟢 CATALYST Seeking Alpha • 13h ago

First Financial: Acquisitions Drive 2027 Growth (NASDAQ:THFF)

Seeking Alpha report covering First Financial Corporation (THFF) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Yahoo Finance • 16h ago

Why First Financial Corp. (THFF) is a Top Dividend Stock for Your Portfolio

Yahoo Finance report covering First Financial Corporation (THFF) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE MarketBeat • 19h ago

First Financial Corporation Indiana (NASDAQ:THFF) Stock Has Consensus Price Target of $87.25 According to Brokerages

MarketBeat report covering First Financial Corporation (THFF) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Stock Titan • 22h ago

A director buys 87 shares of First Financial Corp (THFF) at $73.5760 each.

Stock Titan report covering First Financial Corporation (THFF) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE GlobeNewswire • 1d ago

First Financial Corporation Reports Third Quarter Results

GlobeNewswire report covering First Financial Corporation (THFF) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Quiver Quantitative • 1d ago

First Financial THFF Reports $27.4 Million Third-Quarter Net Income

Quiver Quantitative report covering First Financial Corporation (THFF) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

THFF Bull vs. Bear Conversation Board — What's Your Call at $76.55?

🐂 50% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON THFF 🐻 50% BEARISH CONVICTION

RO RoarDesk_Moderator Roarable Research Desk ⚖️ DEBATE HOST 🎯 Target: $83.70 (+8.0%)

📌 Pinned Debate

🔥 Official Bull vs. Bear Debate: Is THFF (C+ • RQD 68/100) a Buy at $77.50?

Welcome to the THFF (First Financial Corporation) Roar Pit. Current RQD Composite is 68/100 (Roarable Hold — Upper Neutral / Watch for Breakout) in Major Banks. Bulls point to capital efficiency (12.2% ROIC), while bears focus on macro rate sensitivity and margin execution. Pick your side (🐂 Bull or 🐻 Bear) and drop your price target below.

SH ShortSeller_Dan Forensic Accounting Watch 🐻 BEARISH 🎯 Target: $63.55 (-18.0%)

Spot @ $77.50

Pump the brakes on THFF — check the valuation vs. margin headwinds

Everyone in here is repeating the bull case on THFF, but look at what you are paying: 11.6x trailing P/E with tightening sector spreads. Unless First Financial Corporation expands free cash flow yield next quarter, I would rather wait for a pullback closer to the 200-day moving average before touching this.

AL AlphaFlow_Cap Verified K Arena Trader 🐂 BULLISH 🎯 Target: $89.90 (+16.0%)

Spot @ $77.50

THFF cash flow & RQD setup is being underpriced by the Street here

Looking at the 5-pillar RQD breakdown on THFF, the market is fixating on short-term headline noise in Major Banks and ignoring the balance sheet and cash flow trajectory. At $77.50 (52-wk range $52.45 - $84.17), any beat on forward guidance forces shorts and underweight funds to chase.