More market pressure following an absolutely tremendous July. Well, up until the end of the month anyway, but who's going to complain if you've been heavily invested in one of the longest bull markets in recent history? Now, it's more of an issue surrounding the old risk vs. reward debate. The DOW just keeps on going while the rest of the markets continue to struggle to find any sort of momentum over the last four days now. But like I keep saying, the major averages have had this crazy habit over and over again of "looking" like they're about ready to fall apart, only to make new all-time highs every single time. I can't even count how many times this has happened over the last several years. It's almost as if there's this massively orchestrated supporting force that seems to show up every time it looks like the major averages might be starting to unwind. Only this time around, the DOW is the big leader - something we haven't seen in years, literally. While smaller stocks continue to be somewhat under siege these days, SPYR, Inc. (SPYR) has been no exception. As a matter of fact, the stock has been annihilated over the last several days on what now finally appears to be declining volume. However, we did get some insight from last week's big single day selloff. Below is the short report data on SPYR from last week provided by www.otcshortreport.com, along with a daily chart of the stock leading up to today. Although it sure would have been nice to get this data the day of, it doesn't get published until days after. Why? Because you can clearly see now the stock was heavily shorted on July 25th - just one day before the stock collapsed. Although the total number of shares short that day wasn't as big as the actual big selloff the following day, it did represent about 40% of the total volume on the 25th, which is a huge number. You can also see the stock continued to run into some big short volume in the days following the 25th when compared to previous weeks. So what do we make of all of this? Considering nothing has yet to fundamentally change with the company, it sure does appear short sellers won the short-term battle, but it's still unknown as to whether they'll win the war in the end. As a matter of fact, just this morning the company re-iterated its commitment to its growth in the eSports space, announcing it will be attending the Star TrekTM Convention in Las Vegas, which runs from August 2-6. In anticipation of the release of Pocket Starships: STAR TREK Borg Invasion, SPYR will be participating in the following three separate panels at this year's convention: Thursday, August 3 @ 4:30pm in the DeForest Kelley Theatre Two Universes Collide Panel Friday, August 4 @ 11:45am in the DeForest Kelley Theatre Inside Trek: Star Trek Gamers & Their Games Friday, August 4 @ 3:30pm on the CBS All Access Stage Inside Trek: Ralf Adam, SPYR GAMES "Our participation in the Star Trek Convention will allow us to get the word out to Star Trek fans about the soon to be released Pocket Starships: STAR TREK Borg Invasion," said SPYR CEO & President, James R. Thompson. "We hope that they become as excited about the game as we are!" Although the news is nothing earth shattering, if the company's soon to be released game, Pocket Starships: STAR TREK Borg Invasion, is extremely well received in the gaming world, we could be on the verge of a whole new ballgame for SPYR. As you can see, the stock clearly is a separate animal from the company's efforts, but like I said yesterday, in the end fundamentals win. So, considering the stock appears to be quieting down a bit, if you've never owned SPYR, thinking about owning it, or are looking to get back into it, now wouldn't be a bad time at all to consider the speculative play. There's no question eSports is going to be a tremendous opportunity for investors down the road, but figuring out which stocks to participate in along the way is something every investor should spend a little time doing some diligence on. As for me, I still like the SPYR opportunity, and now that it's down around where it's at now, I like it even better.