Down So Long, It Looks Like Up

Most market-watchers are entranced by the sight of stocks moving higher and higher. Bruce Galloway of Burnham Securities' Strategic Turnaround Equities Program prefers to watch the stocks that have fallen the farthest. Galloway's database of 12,000 stocks yields 600 that are down 80% to 90% in value since the late 1980s. Galloway then targets 20 to 30 names that seem to have the best chance of a five- to tenfold gain over the next year or so.

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