The term can be derogatory as it can imply a lack of attention to the quality of the investments selected. Bottom fishing is value investing concentrated on the very cheapest companies. In stock market terminology, bottom fishing can mean buying the cheapest investments (in terms of valuation ratios) available.
The final rig is called a "party boat rig" because you will see it on almost every party. A rig that is rarely used is called a "break-away rig". The next rig is called a "porgy rig" for the reason that it is effective on porgies, grunts, snapper, and any other schooling, medium-sized fish. The most common rig used in bottom fishing is called a "fish finder rig". The bait must appear appetizing to the fish. The objective for rigs used for bottom fishing is to take your bait to the bottom of the water and lure in the fish. Due to the lack of a float to relay underwater status to the surface, a quiver tip (often coupled with a jingle bell) is used to signal the fisherman about whether the fish has successfully taken the hook. Specialized fishing rods called bottom rods or "donkas" are also commonly used for bottom fishing. The weight can also be used to cast the line to a further, more appropriate distance at deeper water away from the shoreline. The method can be used both with handlining and rod fishing, and can be done both from boats and from the land.
Sometimes the sinker can be replaced by a cage- or keg-like feeder which contains and releases groundbait to better attract fish. A common rig for bottom fishing is a weighted tackle called sinker, which is tied to the end of the fishing line, and a baited hook about an inch up line from the weight.
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