Simon's Lotto Watchlist - Page 3

If MONA can close at .0004 or better, I'm really liking how the weekly chart would be looking. The price busted through the weekly 50 MA a while back, came back and tested support, now it's looking like it could move back up soon.

As far as lotto plays, yeah, they're both pretty solid looking charts.

Here is an example of what I look for in these lotto plays, some sort of weekly chart setup with lots of upside potential.



Here is a weekly chart double bottom. Two equal low points doesn't become a double bottom until the price breaks past the high point between the two low points, and you can see that in August that what GLCC did. Since then it's pulled back on light volume to test this new support, making it a nice possible entry point. A confirmed double bottom here could be the tip off to a longer term trend reversal, which would push the price significantly higher.

HESG is another lotto play that I've had my eye on, but never pulled the trigger at .0002. In at .0003.

So here are all the lotto plays I'm holding at the moment.

XHUA, IVIT, and PMDP I'm in from a while ago, have taken profits on the first two (though I wish I locked in some on PMDP) but I'm holding the rest now. IVIT and PMDP look like they're consolidating in anticipation of breaking out, while XHUA is still recovering from the fall from it's highs.

BBDA - I'm not as enthusiastic about this one at the moment, though I do think it has a good chance of popping at least a little.

HRNF - It's back trading below the 50 MA but overall I still am liking this one.

GLCC and MONA - I just posted the chart for GLCC, these are very similar setups and are probably my two favorite prospects at the moment.

RVGD - In from a while ago, took half my profits and am now am trying to wait out this consolidation.

Less than the 52wk low you say...

For my lotto tickets I am not looking for stocks that are still falling or are still in a downtrend. The best I could hope for those is a sharp, quick bounce. What I'm looking for is stocks that may have had a huge downtrend, but the stocks have traded sideways and broken out of those downtrends. I'm looking for things like the longer term moving averages to start turning up, for the price to get above them, etc. UNCO is still stuck in a downtrend. You may or may not be able to catch it for a bounce, but at this point it would probably need a solid year of sideways trading before it met what I was looking for.

PMDP is getting knocked down today. If I had actually been able to take profits in the low .002s, I would be looking to add back to my position on this dip.

You shouldn't be surprised, this is the whole point of my lotto plays, to not let any shorter term weakness shake me out of trades that are riding longer term trends.

The 50 MA just started angling up last month and this is only the first test of it for support. I have no reason to assume anything other than the trend holding up. These lotto plays should all have longer term uptrends to them, if not outright uptrends than close to it, then the plan is to just let the trends play out.

Ouch, PMDP with a horrible close on huge volume. Whatever that news was, the market sure didn't like it. Man am I really regretting not letting any go on that last rally. The market makers made sure to close it at the LOD by slipping an order below the bid, that's never a good sign. I'm not sure what I'm going to do with that one. What was the news Whitney?

On a positive note, RVGD had a great close and looks like it's going to run next week. HESG also looks good.