XpresSpa Group Inc (XSPA)

[coolerheadsprevail]

Although always encouraging to see green, the volume is currently trending to still fall short of being double the 90-day avg. Certainly good, but not the volume levels you would expect to see if "smart money" was really moving in because they knew something (and in a legal case like this, I don't see how anyone, regardless of how smart they are, can know in advance when and what JJ will rule).

I may be wrong, but with all the increased hype that has been building up around "the motions being ripe for ruling", coupled with the long weekend, in the absence of news, this looks like (so far anyways) the typical weekend pile-up as speculators don't want to be on the outside looking in should something come in AH today or over the weekend or PM on Monday.

With the nice spike today, we also have to hope that longs won't be our own worst enemy, especially those traders who recently bought shares and may flip for nickels and dimes now, which will inadvertently add selling pressure to the sp.

Let's just hope that should no news come out this weekend, that we won't see the same cycle we've seen in the past where folks dump due to no news. Baby steps. Barring any news, let's just build a solid support at $3.00 and take it from there next week...