XpresSpa Group Inc (XSPA)

[xlt leader]

MM's keeping this down....

There is no doubt of this...when you see trades like 3.6499, 3.6496 etc these are trades by buyers for 3.65 but mm's fill their inventory because they have more than they want, or they are keeping it down for accumulation or they are short. The more trades like this the more it stagnates. Then buyers get frustrated. The opposite is true when mm's want it to rise they fill trades above the bid , buyers then raise their bids and it keeps going. Their true intentions are uncertain but this is what is going on. It does not necessarily have anything to do with fundamentals etc. The lack of news and clarity makes this ripe for them. Finally the short position was 12 million plus as of Oct 31 and tonight we get the Nov 15th numbers it will be interesting to see if the number is even higher. I suspect it is.