XpresSpa Group Inc (XSPA)

[xlt leader]

What kind of manipulation, easy ... stock moves up two cents sell immediately knocked it down 3, moves up one sell immediately push it dow 2. This creates a stir step pattern, look at a 5/10/15 minute chart you will see it. On a daily you will see a cluster of trading around $3.20 for months with some moves up and down but that seem to be a level of support longer-term. Who is behind it. The owners of the 16 million shares, hedge funds and groups that are short and some individuals. They don't always win as I mentioned. I witnessed a nice roasting on Acadia today just beautiful.

Here is an example of a recent poster who recommended shorting Vringo filled with inaccurate information.

Short Vringo... Again?

By Ashraf Eassa

March 18, 2013
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I recently made the call to short shares of Vringo (VRNG) above the $4 mark. Well, I was right, and shortly after inching above the $4 mark, the stock immediately cratered, and now trades at just a hair under $3.00. My short sale recommendation was simple - whenever the stock got to $4 or above, the insiders would start unloading the shares as though they were toxic. When insiders of a speculative, patent-troll play start offloading the merchandise ahead of what the speculators claim could be a huge price increase, I generally take that to be a pretty strong "sell" signal.

Recent Insider Action

That being said, as I take a look at recent insider transactions, while I still see some insiders fleeing the ship at the $3.22 level (is it any surprise that the market won't pay more than that right now?).