Yep, and proud to be a bottom fisher!! Seriously, for some reason, I am able to ferret out stocks that look ugly and worthless, but at some point, everyone wants to take them to the dance. As I said about BIPL, it is a pure spec, as all of my dog picks are. But, I own it cheap, so no worry. And, I am willing to wait.
For a classic example, I had posted ISCO about 8-10 months ago, when it was a real dog turd. Take a look at a 1 year chart.....The momo guys got behind it and pushed it to $39.
From well under a buck. You probably could guess where I got in, and where I got out?
It now looks like what I said earlier, that Fridays rebound of the Naz was a pimp out, was oh so true. What a disaster.
And some of those high flying tech stocks have the potential to be halved, or worse.
The TYX is now pushing 6.250 |
