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.

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Source Fool.com