Has anyone taken the time to calculate a system to owning these and holding long term?
This sounds silly but it is four different thoughts.
Nvidia use to sell for 4 cents. (NVDA)
Monster drink use to sell for 2 cents (MNST)
Somewhere I was reading that Norway Sovereign Wealth Fund owns every single stock on every USA market exchange.
Has anyone ever done a back testing strategy on these penny stocks?
Like maybe an algorithm that once a 2 cent stock hits 4 cents it triggers another $200 investment? Then if it hits 8 cents you buy $200 more?
My cousin knew someone that owned tens of thousands of Nvidia shares he had bought at $1 and was still holding circa 2019 or so.
Obviously several would collapse to zero and bankrupt or cease to exist. So those would be losses.
Has anyone ever calculated it and ran the numbers?
So a $400 investment in 2002 Monster Drink would be worth $350,000 today. My question is how much you would have lost throwing $400 at several of these companies that go nowhere? Would you be minus $100,000 or positive $75,000?
It seems like if someone could make some parameters or guidelines it might pan out for them?