Replies to post #27338 on XpresSpa Group Inc (XSPA)

[acrazjo]

I am not so sure we see alot of selling without news. The stock has been stuck in a very narrow range and it usually takes some catalyst to move it either way. The volume spike the other day did not cause much change in the PPS. It looked like a 100,000 buy went through and it had a very temporary effect on the PPS. Once a stock gets stuck like VRNG it takes a lot to move it either way. The news expected will likely be positive based on all we know to date. My guess is we get a little preview before the news. It is interesting that sometimes you see a headfake to the downside just prior to news. Could be shorts bailing out, not sure why this anomaly occurs on occasions.

[xlt leader]

This stock will be played like nobody's business until some real news comes out.

It already has been played like a fiddle. The turning point without a doubt has been the Laches decision by JJ, which was completely in error if your read Motion 837 filed by I/p Engine's lawyers they go into it in great detail as to why. All positive momentum pretty much ceased at that point. Then we get a judge who is bending over backwards allowing unnecessary delays. Google is using one of the largest law firms in the country they don't need extra time but they will take it if given and it has. Enthusiasm, momentum and expectations were destroyed with that ruling. AS you may or may not know it traded down to $1.75 that day from over $4.00. Recently it has been in a tight range but the short position gets bigger and they are not covering. Something has to give. MY $.02 .....