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 ?
Gold weakened to levels ripe for bottom fishers on Friday, though the yellow metal still remained on track to post its first yearly loss this year in 13 years.
In past years, bottom fishers targeting these tasty snapper have had ridiculously good days simply by dropping whole deboned ballyhoo to the bottom.
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.
Bottom fishers often cut a leader to length by how fast or slow the current is moving: longer in strong current, shorter in slow current.
Ionica also attracted bottom fishers. Its shares clawed back 3p pence to 23p.
Warm inshore and surface water temperatures make moving beyond the second reef very advantageous for bottom fishers this month.
"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.