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Strategies & Market Trends : Bottom Fishing
QQQ 632.08+0.5%Nov 3 4:00 PM EST

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To: Jon Khymn who wrote (1)6/14/2000 11:12:00 PM
From: Bud G  Read Replies (3) of 13
 
Hey dood. "T" is my current bottom fish candidate. It closed today at $33.50 which is a one year low. My previous bottom fish success was PG after it was whacked back in March. It rebounded from the low $50's to $71 in a matter of weeks. Now that it has fallen back to the 50's again I am not quite sure if it has bottomed out yet.

I also think ATHM is a steal under $19. There was a large block over-hanging the market today which drove the price down to a close of $18.50. In the after market ATHM traded a whopping 700,000 shares and closed at 18.87. ATHM is trading near its 52 week low.

NATS is my favorite small cap bottom fish with CN being my second. (CN has cash per share of $9 and trades at $5.70).

DT
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