Stormer,
I understand why you sold. I'm not arguing that management has handled this RS and up-listing the best way. I personally would have done it differently, but then again I'm not in their shoes and have to have some faith in their decisions.
Regardless of right or wrong, it's created multiple buy opportunities that I appreciate. I'm convinced the RS will happen, so right or wrong, I've moved past that issue.
You said, "Not only have they created liquidity, I believe they have created a day trader's dream. Simple rule: what is good for day traders is not good for longs. That is why I am out. Besides, I was getting noxious on this roller coaster. Fun to watch though. I am not sure what it would take for me to buy back in."
I have to disagree with you on two points. Liquidity may have improved a bit, but it still isn't liquid, unless you are talking orders of a $1000. When I trade in a liquid stock, I tend to trade in $10K blocks. I think you will find that to be fairly common for frequent traders. If you try and move on $10K of Virtra stock with the present liquidity, you can count on moving the stock price 10%-30%; that is not liquid.
On your point regarding a "day traders dream", you’re wrong. I've done some day trading over the years and this stock doesn't come close to the parameters required for successful day trading. Daily volume would have to be at least 10-20M shares and we aren't going to see that for a very long time in this stock. If you want to see a good example of a penny stock that is a great day trading platform, look at LVLT. C is another good example, but it is slowly clawing its way out of the penny stock label.
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