I like to find undervalued turnaround stories that are still in the 1st or 2nd inning. I listen to the conference calls, read the quarterly earnings, and sift through the numbers (I value both fundies and technicals, as well).
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I watched the little fish rushing in with the waves to grab tiny morsels that the big fish could not reach. For just the hope of getting a mouth full they risked being left to die in the sun, or to be swept out to the waiting big fish.