XpresSpa Group Inc (XSPA)

[xlt leader]

Comments on Vringo short Position

Earlier this week we had a discussion on the short position now nearly 16 million. I mentioned that shorts do not have magical information, they are just as greedy if not more so than longs who do not take profits on big runs. This week there have been a few examples of shorts slaughtered by their greed. First Solar the other day and today Acadia Pharmaceutical I stock thankfully I own. The short position on the last report for ACAD increased incredibly by 500,000 to the highest level in a year over 5.3 million. This morning the company received notice from the FDA on fast tracking their Parkinson's drug, stock up nearly 50% at one point. It will be another burn the shorts day over there. This was not a mystery that the FDA approval could happen as the results for PDP were spectacular but the shorts greed has left them with a mess. I mention this again to not get discouraged by the short level.

Cheers