I was never mad about selling earlier. Honestly it was a bit of a relief given how this stock has dominated my portfolio and my thinking over the last 7 years (It has fluctuated from 33% of my portfolio 7 years ago to down around 10% by the time I sold, but still a large chunk). I got out at 5.50, which is a decent price. Sure maybe I missed 8% to the upside this week, but that's nothing. My reason for selling hasn't changed. I don't think the company is bad in general. I just don't see the sales happening right now. I have said my opinion on 3Q before. If that changes and I see sales momentum picking up, I'm not averse to getting back in for a trade.
I'm trying my hand at trading with a system I'm developing, and holding a stock like this for 7 years doesn't fit into the system.
Oddly enough, the stock hit a buy signal on my trading system two weeks ago around 5.30. I just missed it as i was not paying attention. The system is made to make around 10%, which I would have done with the run up over 5.8 recently.
I don't hate anyone here, even if they make digs at me for getting out as the price rises to $5.9. I hope they all make money. I think this stock exemplifies the random walk that is the stock market.
I came across a stock yesterday that was in this space. Not virtual simulators specifically, but police/citizen interaction. I can't believe I don't remember the name of the company right now. However, they were more on the citizen side of it. Now that I look at the industry as a whole, the money is on the citizen protection side, not the police side. If you can find a company whose aim is to protect citizens against the police, that's where the companies get P/E ratios of 100, P/S >5, etc. The police side gets P/E ratios of 10 and P/S of <2, similar to Virtra. The market is speaking that citizens matter more than cops right now. Which is not a bad thing, per se.
