The Low Price/Low Float Portfolio 7/19/2021 results:
Portfolio cost: $49,287
7/16/2021 Value: $47,173
7/19/2021 Value: $46,405
Daily gain/loss: ($768)
Total gain/loss: ($2,882)
4 sell orders executed: 2 at 20% level, 2 at 40% level
5 buy orders executed
Since inception:
22 sell orders executed: 13 at 20% level, 9 at 40% level
16 buy orders executed
This experiment makes me think of the movie Young Frankenstein. If the results so far are indicative of a longer trend, there may be an abbynormal brain at play here!
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.