bottom fishing

Language: en

Meaning: Fishing withbait, lines, and othergearused to catchaquaticcreatures which inhabit the lowest regions of a body of water, including aseabedorriverbed.; (idiomatic,business,finance)Buying, or seeking opportunities to buy,investmentsecuritiesor other valuable properties at a time whenmarketsare depressed andpricesare low.1998June 7, Amy Dunkin, “Commodities Are Cheap. Time To Leap?”, inBusinessweek, retrieved26 May 2014:So should you put a few bucks into commodities while they're dirt cheap? . . . Because of their low correlations with stocks and bonds, you may want to considerbottom-fishingin futures now, either to speculate on an upswing or insulate the rest of your portfolio against any downturns.2003July 6, Sharon Epperson, “Beware the Bargains”, inTime, retrieved26 May 2014:Bottom fishingfor bargains in the stocks of distressed companies is a surprisingly popular sport.2011September 15, Roben Farzad, “Angola and Brazil Are Buying Portuguese Companies”, inBusinessweek, retrieved26 May 2014:“Bottom fishingduring and after financial crises is nothing new,” says Jerry Haar, a professor at the business school of Florida International University.2013December 3, Samantha Sharf, “JC Penney Sales Swell In November, But Holiday Profits Will Be Stiffer Test”, inForbes, retrieved26 May 2014:But the activity was concentrated to a few days with active traders swooping in when the stock hit its 52-week low, leading to speculation the investors were largelybottom fishing.

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