Replies to post #35102 on XpresSpa Group Inc (XSPA)

[$oldier Hard]

Basic economics says that, yes. Supply and demand as you point out. This is the market and it prays on emotions which should never be, but is factored in. So everyone refusing to sell at $10.00 will never be an option cause Vringo isn't worth $10.00/share yet.
If you remember when Vringo won the jury trial but was only awarded 30ish mil this tanked and rebounded. They still won, but. Emotions, because everyone was expecting hundreds of millions in damages awarded but didn't happen maybe because of a jury miscalculation error. We'll probably never know. But they still won, right?
Vringo now asks for a 7% RR so are we now in the thought process that if Vringo only gets the 3.5% do we get a raid on the shares that have a stop loss in OR do we have support of a fund or funds that will support and turn this story around and give Vringo shareholders the share value deserved.
This had many good pops on good news, and there are folks stuck waiting to get out maybe only even after waiting so long, not realizing the value going forward and what this decision from the HJJ could bring to this. Again, emotions.
With the lack of news this still has possibilities and we have been in an uptrend for I guess 7 days.
Upside has us going to around 3.24-3.29ish as long as the trend and positive volume continues and "should" have support in the upper 2.90s imo.

[shark44]

You are somewhat correct in your assessment. Shorts, unless they are on margin actually do not have to cover, they can wait until the stock comes down again. This is a very tricky play. VRNG has been a great stock to trade. I have been in since March 2012. I now have 42,500 shares. Most longs hope and pray for a short squeeze, which rarely happens. let's see how many hedge funds are actually shorting vs the retail community. How many Options are involved. There is a lot that has to happen, a 7% RR of 20.9% which I believe is very possible, would immediately bring in some Corporate money. JJ will rule before June 7th. I do not believe as many others do that Microsoft is going to buyout VRNG. Every day the price goes up for them. To wait after the RR Ruling makes less sense.IMHO Good Luck Longs.