XpresSpa Group Inc (XSPA)

[tobinator00]

Smash at open, grind all day.

Shorts have been grinding at the price hoping to trigger sell stops like they did yesterday. The Interactive Brokers data for the availability of shares to short shows a regular occurrence of the pool being significantly drawn down at the open. My theory is the shares are used to push the price down to gain negative momentum.



Then, on the way to the forum, the best laid plans are spoiled by an intraday mini-short squeeze. I stand by my posts of recent memory of a new sheriff being in town. The last couple of days of the price grinding lower has been done on very light volume. Those high volume days followed by very light downside volume, are showing me that the new buyers are not quick to sell.