VirTra Inc (VTSI)

[fishhunter]

VirTra has NEVER been a leaky ship with respect to earnings reports, at least since I have been following since early 2009.

Think back just 1 year. The stock initially reacted badly to what some saw as a light Q4. It was actually a really good Q4 and the stock was higher within a few days.

BUT THEN....look at what they announced in mid-May 2016 with Q1. No one saw that coming....$6mil in rev and $2.4mil in net income!

The stock dropped harder the last few days because it went below $2 then some owners start to panic and simply want out before a cap gain becomes a cap loss. It is painful to earn an asset that declines in value day after day after day. But that is exactly when you need to do what Joe did today ----BUY. When it is painful, that is when you buy.

I also have a hard time getting too crazy when the stock could easily be at all time highs by noon on Friday.

What if they announce a quarter like Q1? Stock will be $4 by 10am.
What if they announce a quarter like last Q4? Up we go.
What if they announce a quarter worse than Q3? Likely stuck around $2.
What if they say 2017 is gonna stink? Hello $1.40.

Soon we will know.