Where's the Bottom? In Individual Stocks

It's getting more difficult to resist buying on these tremendous market dips. Although the major indices may not have hit bottom, some individual stocks we have been watching have shown obvious resistance levels during the selloff days and rebounded well during the stronger days.

The fear, of course, is that there is another downdraft to come in the market, and that the only bottoms we've seen so far this summer were viewed from behind our sunglasses on the beach, rather than from behind our terminals in our offices and homes. But we have to play the odds, and from where we're sitting, the odds that we are not far from a market bottom, and that many individual stocks may have already bottomed, have increased.

One stock we didn't wait to bite on was Microtek Medical. We mentioned last week that it would likely be the first stock we would add back to InsiderInsights' Recommended List, after its guidance of earning a penny less than expected for the year sent MTMD down to a ridiculous price. We recommended getting back in as it traded at $1.49. It has acted well since, and it is still a good bargain from where we sit. ...