Bottom fisher


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Bottom fisher

An investor seeking stocks that have fallen to prices at or near their bottom, which he or she believes will trend up in the future.

Bottom Fishing

An investment strategy in which one buys high-risk stocks in companies that have recently dropped dramatically in price. The investor buys the stock in the belief that the drop is due to panic selling, rather than a serious fault in the company, and that the company will recover. The number of bottom fishers may increase in a prolonged bear market. See also: Distressed securities.
References in periodicals archive ?
Those bargain hunters, or bottom fishers, are hoping to expose the seller who has to sell because of financial distress and who will take the best offer received, Braddock said.
Normally, you would expect to see some kind of relief rally as bottom fishers come in looking for a bargain, but people are just terrified.
In past years, bottom fishers targeting these tasty snapper have had ridiculously good days simply by dropping whole deboned ballyhoo to the bottom.
In early trade, yesterday's laggards seem to be attracting some bottom fishers.
Brave bottom fishers looking for value in the boomed out technology sector should have a look.
850 Third Avenue is getting plucked from Pru by the King of the Bottom Fishers, Chicago's Sam Zell, now making a move on Manhattan.
Warm inshore and surface water temperatures make moving beyond the second reef very advantageous for bottom fishers this month.
We're currently seeing a lot of interest in one-bedroom apartments in the $125,000 to $160,000 range from bottom fishers, and one bedrooms at over $300,000 from people who can afford the best.
Call volume on PSFT was over four times that of put volume in yesterday's session, trading 20677 call options compared to just 4,777 put options as bottom fishers entered the waters hoping for the big catch.
It's prudent business philosophy and the good bottom fishers have built this up in-house," he said.
Sam Zell, one of the industry's best-known bottom fishers, is casting his reel in the tri-state area.