This won't get any worse for VRA. Investors were expecting bad news and they got it. But it has already been slammed. So look for the heavy dose of shorts in VRA to take their profits and move. This will be green tomorrrow.
As I thought last night. Shorts have driven this below fair value this year. Now all the bad news is out, there is no downside left. Shorts are covering their positions. Shorts have made money on VRA this year, but that is over now.