You can observe a lot by watching.
~Yogi Berra
Since I am convinced that the market will continue to meander upwards throughout the remainder of the year, what better time to present my lottery ticket picks for 2012?
Let's break the title of this post down...
Future Stars: where the future could be one day or five months long.
Stock Picking: where 'picking' and 'guessing' can be used interchangeably.
Wish List: where wishing (and/or hoping) is a requirement.
The criteria for picking this year's list is simple. Stock price must be under $5, average 90 day volume must be at least 200,000, and the six month and two year charts must exhibit price action that has at least one more bounce left in it before the end of the year. Now if that's not scientific I don't know what is!
So without further ado, here is the short list of lottery ticket picks, or future stars if they happen to double in price. I'll settle for any double digit gain in the next five months. How's that for a compromise?
And remember, as I have said previously during the last 'future stars' post, "Seems pointless, but I'll mention that if the market reverses course, these same stocks will fall faster than a drunken monkey in stilettos".
