Indeed I do. Investors are going to get back in the game full speed next week, especially considering it will be the start of a new quarter and new tax year. They are going to have a lot of CCME news to digest and, IMO, that could trigger some heavy buying.
When they chose to cover may depend on the hedge funds overall performance and the bonus agreements of the managers. They might delay closing their short position at a loss until January if it that helps them make their December bonus numbers. True, they would be starting 2011 at a loss but they have time to make it up.
I added some today on the grounds that I think January is likely to see some funds repositioning themselves in this space and from all reports the shorts got this one entirely wrong. I think they have to cover before some fund decides to "go big" on CCME, which could happen in Jan.