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ID:14361600
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页数:62页
时间:2018-07-28
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1、BottomFishingBuyingStrategyConceptBottomfishingisthequestforstocksthatareinexpensiverelativetopreviouslevels,butshowsignsthatthebargainisgoingtoendsoon.Findstocksthatareashowingabreakfrompessimism,anincreasedlevelofconfidencethatthestockisundervalued,and
2、signsofoptimismforthefuture.Filteringforthesesituationsgivestheinvestorashortlistofcompaniestoperformtheirnecessaryduediligenceonbeforespeculatingonachangeintrend.BackgroundBuyingastockthatisinalongstandingdowntrendcanbeasdangerousassteppinginfrontofafre
3、ighttrain.Ittakestimeforstockstoreversetrends,andbuyingwhatseemtobebargainscanbeacrushtoyourportfolio.However,bargainhuntingcanbeprofitableifthetimingisright.Toeffectivelybottomfishbeat-upstocks,youhavetoenterwhentherearesignsthatthedownslideisslowingand
4、amovebackupwardisimminent.Marketpsychologytakestimetoturnaround.Whenbottomfishing,wewanttofocusonstocksthathavesufferedaselloffandarecheaprelativetowheretheyoncewere.However,wewanttoalsolookforsignsthatmarketpsychologyisturningfavorableonthesestocksandth
5、attheyarereadytoheadhigheragain.Thisstrategyfocusesonthreestages:Stage1–abreakfromtheshowofpessimismStage2–ashowofconfidenceStage3–ashowofoptimismStage1isessentiallyabreakingofthedowntrend.Ifwedrawalinealongthetopofthedecliningtrend,wehavedefinedthedownt
6、rend.Abreakofthetrendariseswhenthestockcanbreakupwardandthroughthatdecliningtrend.Chart1-hereweseeabreakaboveawell-defineddowntrend.Thisdemonstratesabreakfromthepessimismthathasprevailedforacoupleofmonths.InStage2,wewanttoseesignsthatthereisconfidenceint
7、hebreakfrompessimism.Themarketneedstoshowresiliencethatthedowntrendisindeedslowing,andthatthepotentialforanuptrendisreal.Aconsolidationfollowingthebreakisagoodshowofthis,andismoresignificantifitasatalevelhigherthanthepreviouslow.Thisisreferredtoasarising
8、bottom.Copyright2000.ThispublicationisthepropertyofStockscores.comandmaynotbereprinted,rebroadcastordisseminated,inwholeorinpart,withouttheexpresswrittenconsentofStockscores.com..Chart2–thisstockhasbrokenthedowntrendandisn
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