What does this mean?

[IVC]

It means "cautiously optimistic." The data points to a massive win for our side, but never underestimate a cornered skunk - even when you win, it might not feel all that good at first.

[BAJ475]

It means "cautiously optimistic." The data points to a massive win for our side, but never underestimate a cornered skunk - even when you win, it might not feel all that good at first.

Cornered Skunk.
I could not have chosen better words myself. It aptly describes both them and they position they have found themselves in.