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Why I Wouldn't Touch Virgin Galactic Stock With a 10-Foot Pole

TheMotleyFool

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Why I Wouldn't Touch Virgin Galactic Stock With a 10-Foot Pole: https://g.foolcdn.com/editorial/images/723243/vss-imagine-with-hangar-in-the-background-at-night-is-virgin-galactic.jpg

Shares of space tourism company Virgin Galactic (NYSE: SPCE) -- the original space-related special purpose acquisition company -- crashed an astounding 18% on Wednesday -- then turned around and gained nearly 9% on Thursday. In my view, investors were right to sell Virgin Galactic stock after earnings.

And in my view, they were wrong to buy it back.

Allow me to explain why I think I'm right about this one -- and why I think Virgin Galactic's buyers were wrong on Thursday. Begin with the "earnings" that Virgin Galactic reported.

Source Fool.com

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