XpresSpa Group Inc (XSPA)

[Realizer]

Most likely will continue to see sharp spikes down followed by buying up to the ruling. A few red days are to be expected. Just some short covering. Watched a few get burned in one today dropping 60% in about an hour and a half. That was rough for them they kept saying its just gonna keep going up.

Seems like the sentiment positive here but not exaggerated. No one wants a run up to the ruling followed by a sell on news. 2.80-3.15 still within the channel as I see it. A few pokes out of the channel. But Both sides still heavily guarded. Buying pressure will be let go when the short side is ready IMO. Or surprised by the ruling. The longer we wait though the less panick covering will be.

7% of 20% HJJ, they can figure the rest out on appeals. Throw us longs a bone.