Investor Dan Niles details his trading strategy, believes it's 'way too early' for stocks to bottom

Daniel Niles
John Chiala | CNBC

Dan Niles of AlphaOne Capital Partners said Friday that he doesn't trust the bounces the stock market has seen and thinks the market is still a long way from a bottom.

"If you go back and you look at, whether it's the global financial crisis or the tech bubble, you had a lot of rallies that sucked people in and caused some real damage," Niles said on "Squawk Box."