The Low Price/Low Float Portfolio Experiment update:
There are 49 positions in the portfolio. As of this morning, from the initial buy prices, there are 7 positions up, 2 positions unchanged, and 40 positions down. The actual portfolio value is up less than one percent.
This tells me that the trading methodology intended to capture the volatility in these low priced/low float stocks is working even though the general sentiment in this area has been quite unfriendly as of late.
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.