I’m going to try to utilize the “Dead Man Bounce ” approach to investing. This approach involves investing monies in a company that has had an extremely poor day in the market. It assumes that things are a bit better then they appear in the market and that this stock should have a bit of an upswing in the next day or so. It is a short term approach. I utilize this approach because I love to bet on the underdog whether it be my beloved Met’s or a stock that everyone appears to have written off.
With this in might I will be speaking to my broker about Abiomed (ABMD), Daqu New Energy Corp (DQ) Cyclacel Pharmaceuticals (CYCC). I will also consider stocks at their 52 week low.