Shorts' thesis has played out. The future is different
When UGGS went on sale, the pent up demand was enormous. This is very positive as the inventory will decrease to a comfortable level. This leaves DECK the cheapest growth stock in retail space. Small float and solid brand and product, above average management, and cheap money...leveraged buyout? Heck, any company that can add UGGS to their product list will be making a tremendous buy on the cheap.
A.M. spike "covering" is nothing compared to the covering that is inevitable when management gives their mid-month update.