XpresSpa Group Inc (XSPA)

[tobinator00]

The stock sure has bounced off of $3.15 a number of times recently. Normally I would agree that it is a bearish sign. However, in an actively managed price scenario that Vringo has faced for the past year, I think any close over $3 as bullish. Shorts are simply piling up on the ask at $3.15 and feed the market all it wants. This line in the sand is well defined and makes its passage through it more irresistible by bulls the longer it goes. I'd fathom we could see a push through it any day. For the first time since August prior to HJMJ pouring cold water on Vringo (i.e. workaround), I see real risk for the shorts here.

As far as the request for independent experts, I think it is just another excuse to not make a ruling. I think he will do anything to avoid making a decision that he can. There is no evidence in the past year that indicates to me he has grown a pair and will man up by ruling. My expectation is he will get the independent experts involved, there will be he said/she said and more rounds of hearings etc. I hope I am dead wrong but HJMJ appears to be a tough judge when the cases are easy and a real whimp when they are not.

I'd like to parrot what Postyle has been saying for a long time. That is the more immediate value add here is ZTE case/Nokia patents. A win there with cash coming on a relative near term horizon could boost Vringo's market perception bringing in more institutional investment. The shorts will not like that.