The nature of your question implies that you probably should not be bottom picking. In order to do this correctly, you must have a method which incorporates timing, risk control, and volatility management. The method is important because relying upon rationality in a largely irrational environment can be deleterious to one's bank account. You might want to consider a simple, robust system based upon three, simple moving averages - 20d, 50d, & 100d. When the 20d rises above the 50d, make an initial purchase. When the 100d flattens and is exceeded by the 50d, the issue may be considered to be in a confirmed uptrend and you should be fully invested. CAVEAT: Support and resistance points are of paramount importance in bottom fishing. YOU MUST KNOW THE SUPPORT POINT WHICH IF BROKEN WOULD SIGNAL RESUMPTION OF THE DOWNWARD TREND AND NECESSITATE A TIMELY EXIT. Personally, I like issues which are exhibiting strength and are breaking above resistance. Bottom dwellers can remain "down" for much longer than most people can imagine.
