A Wall Street adage warns, “Don’t try to catch a falling knife.” I do it frequently. Buying good stocks on bad news is a sound methodology, I believe. You may not catch the exact bottom, but you’re likely to find a good entry point. Each quarter, I compile a Casualty
Each quarter, I compile a Casualty List of stocks that have been knocked down in the quarter just concluded, and that I think have excellent rebound potential.
Trellus Management Company LLC bought a new position in Fulgent Genetics, Inc. (NASDAQ:FLGT – Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 43,100 shares of the company’s stock, valued at approximately $1,152,000. Fulgent Genetics makes up about 1.6% […]