The Low Price/Low Float Portfolio 7/16/2021 results:
*Yesterday's results were erroneously titled 7/14/2021 results.
Portfolio cost: $49,287
7/15/2021 Value: $48,707
7/16/2021 Value: $47,173
Daily gain/loss: ($1,534)
Total gain/loss: ($2,114)
2 sell orders executed: 1 at 20% level, 1 at 40% level
2 buy orders executed
Since inception:
18 sell orders executed: 11 at 20% level, 7 at 40% level
11 buy orders executed
The portfolio took a good old-fashioned whuppin' today. Tough times for the micros the past few days. Today out of 908 total listed stocks selling for $5 or less, there were 685 down, 184 up, and the rest were unchanged.
I have seen lots of $1 stocks with strong earnings and solid balance sheets triple, quadruple and more, but I have yet to see one go below zero.