I thought there are 3 choices
A) No issue in 10K, great year, great future. Short claims too good to be true, and audit be cheated, all the signed document is from CEo's friends, long claims victory, depends on what market goes to belive, but there will be more longs than short
B) No issue in 10K, somewhat expected or so so year, somewhat expected or so so future. Maybe great number, just not as long expected. Still same as A), there will be somewhat in between
C) some issue found, short claims its fraud, long get somehow discourage. more short than long.
JMHO.
C) is very unlikely, it has been this long into the audit process, if there are some issues, it must be bury very well, based on short, the company really not very consistence in the middle management layer or below. Plus, repeat screen shot taken for the buses, and none claims the company is not there, just it should not have its number. Yet so many area has be checked and rechecked.
B) is kind of unknown. But if it is signed with no problem, and the company is in the rapid growth, people will not realize it is not a great number. More likely is the number is not as people expected since China is growing, people may have very high expectation, but after so many short attack, the expectation actually will be very low here. If you notice, nobody actually talk about what will be the expected EPS here, and what is the likely future EPS growth. People just talk when the short will take another action, and if we can get squeeze on them. Not quite sure we are talking about a value stock or growth stock. More like an all-in stock :)
Which left only A, I believe there will be a lot of people stand at sideline waiting to jump in at this moment. Don't know what price they will do that though.