Bottom Fishing: Background. Bottom fishing is finding stocks to buy that are making new lows with the hope that they will recover and zip to new highs. Bottom fishing is timing the market, so it's not for the faint of heart. The potential loss can be large if the stock continues down.Summary · Ugly Double Bottom · Methodology · Target Exit, Stop at First. Dec 2, - Jim Cramer has seen a hideous return for bottom fish stocks. Here are the stocks he considers to be the top fish for the year.