XpresSpa Group Inc (XSPA)

[Realizer]

Too many playing this stock like it was a penny stock. It is not going triple in one day. Considering that the main short position is a hedge fund (IMO) they will control the price until they are out or until they can't hold it back. It is going to take a considerable increase in institutional holdings to move this past 5.50-5.73 and hold IMO.

Today almost got away from them right before open I think 7-8 million shares in 10 min.

I am still holding 2/3 of my position I had to take profits on a move like this morning.

It has moved up from 3.08 to over $5 in the last few days somwhere around 60%. It is way overbought and needs a rest.