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Re: itlogic post# 120573

Thursday, 05/13/2010 6:20:54 PM

Thursday, May 13, 2010 6:20:54 PM

Post# of 143047
I don't expect everyone or even anyone to understand the method to my madness. Yes, I did say 60 million, and I picked them up in Nov 09, you can see the vol spike from then. And yes, everyone is going to think I'm nuts for playing a stock w/ virtually no volume to speak of off of the chart, but believe it or not that's what I've done and am doing now. If the volume never picks up, I'm never selling. Simple as that. What I see in the charts though is a long term downtrend broken last year, a sturdy base put in, and now the longer term moving averages have turned bullish, thanks in part to that last significant rally in 09.

This is a lotto play, and one characteristic of what I call lotto plays is that you get in when you have the signals, and this is done during a dormant period. You get in when the stock is dead quite, and you sell into the noise. If this stock comes alive, getting rid of my position on the way up will not be a problem.

Everyone can think I'm nuts, but I got the money to buy this position from other lottos blowing up. When they run, they run hard, and one runner will make up for many lottos that never pan out. MONA may or may not pan out, but even if it never does it was purchased with profits from other lottos (XHUA, RMDM, IVIT, and PMDP are the ones off the top of my head that paid off for me last year), so no love lost.

BTW, I am not just looking to flip these shares for a tick or two. Lottos are homeruns for me, or nothing. :)