Short covering probably won't have the desired punch back as given the bleeding over the year, downgrades and now shot credibility of management, a lot of big longs will capitulate which will allow for low impact and larger scale covering. Just as seen in blow ups like SGH.
However, if at this point concerns over potential issues such as debt and the like arise, then many may look to hang on or go for the kill. In this case if VOC has to raise to allay concerns and fix the BS, you can close out through the raising.
SO many different people and styles involved in the short or long camps and uncertainty with the company that it will be hard to say how it all unwinds when said and done.
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Short covering?, page-11
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