$100K Tax Loss Counterpunch Portfolio - Final Results
All positions were sold this morning.
Portfolio Cost: $100,877
1/3/2022 Value: $107,360
1/4/2022 Value: $105,739
Daily gain/loss: ($1,621)
Total gain/loss: $4,862
I was surprised that the upward momentum in the portfolio didn't continue today. Most of these stocks have just been brutalized in the recent past. At one point this morning, the portfolio was up about 2k from the prior day, and then it folded like a house of cards. That's all I needed to see to close this thing out.
It turned out to be a profitable venture, but still disappointing, as I thought there would be a much greater rebound from these stocks.
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.