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Strategies & Market Trends : Traders( a.k.a. Losers) Anonymous
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To: Bilow who wrote (7)2/8/1998 9:58:00 AM
From: Investor2  Read Replies (1) of 10
 
RE: "Over the years, I have a less than 50% success ratio bottom
fishing financial (and REIT) stocks."

Unfortunately, bottom fishing is my real sucker spot. Consider yourself lucky to approach 50% success ratio for bottom fishing, mine is probably much lower. Yes, there are cases where I hit a home run, but losses associated with my "horror stories" far outweigh the successes.

For example, check out this one:

quote.yahoo.com

Seventeen years of dropping. Tough to pick the bottom here.

Best wishes,

I2
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