Sure, any stock can go anywhere. All it depends on is the seller and buyer. That said, I like how VTSI has gotten to this point, the earlier run to 18 cents, some pullback/consolidation forming a higher foundation, now a nice steady move to 15.5 cents. There haven't been any gaps up or gaps down. Seems to me that anyone holding from 18 cents down to 11cents would never ever sell now at this level when every indication is the company is hitting on all cylinders and the stock is starting to catch up.
With VTSI, it certainly can jump around simply because volume is so low and there are not always sellers and buyers waiting or bidding/asking. For example, if I wanted to dump all my shares right now within the next hour, I guarantee the stock drops a ton. Likewise, if I wanted to double my share count today, the stock skyrockets. That is why it important to take a bit of care with buying and selling VTSI or any other micro-cap thinly traded stock. Buy shares when they are sitting there to be stolen. Use limits when you buy/sell.
3 years ago, 5 years ago, 10 years ago, etc. it was easy to make a case for the stock being overvalued. Today, it is not possible to make a valid case for being overvalued and is easy to make a strong case for being undervalued. Think about where annual revenue and earnings are likely to be this year 2016, next year 2017, and then in 2018. Pretty easy to see 18mil/25mil/30mil and EPS of 1.5cents/2.5cents/3cents. Also brutally easy to justify a PS of 2.5 and/or PE of 20 and/or EV/EBITDA of 12.....those sorts of numbers get VTSI to 60 cents very conservatively. Then throw in the many things that can happen to drive these numbers far higher such as Mod Round being a success, a share buyback to take down the count a bit, new orders, buyout by bigger fish, etc. Only a fool sells VTSI at this current valuation.
