(EMAILWIRE.COM, November 07, 2011 ) Chicago, Ill. -- The Stockfather has published its list of undervalued and oversold stocks for Monday, November 7.
According to The Stockfather, a stock market research web site and newsletter, one undervalued stock is General Steel Holdings, Inc. (NYSE: GSI).
Shares of GSI closed at just 1.23 on low volume. This is not far off the 52-week low. GSI has an earnings announcement coming on Monday. The Stockfather reports that shares of GSI could bounce significantly on earnings.
Another stock The Stockfather has placed on its undervalued and oversold list is list is Trident Microsystems, Inc. (Nasdaq: TRID). Shares of TRID closed down nearly 60 percent on Friday.
The Stockfather reports that not only is TRID undervalued at 21 cents (its closing share price on Friday) but it is also oversold. Don't be surprised to see a bounce up on Monday the stock newsletter reports.
Dendreon Corporation(Nasdaq: DNDN) is another undervalued and oversold stock according to The Stockfather.
Shares of DNDN are down 80 percent on the year. The 52-week high is 44 dollars yet it is trading at just over 6 dollars.
Dendreon Corp. (DNDN) has been beaten down pretty bad and should make a rebound soon, the Stockfather reports. In fact, it could reach 15 to 20 dollars before the end of 2011.
Sirius XM Radio Inc. (Nasdaq: Siri) is also undervalued. It has been trading under 2 dollars for quite some time. Yet this company has millions of subscribers and continues to grow.
And then there's Netflix, Inc. (Nasdaq: NFLX). Shares of NFLX are down on the year, from 304.79 to the 80 dollar range. This is just another example of an oversold stock The Stockfather states.
The Stockfather searches the markets (from OTC to NYSE) for stocks positioned to make big gains. Stocks and companies are featured on The Stockfather web site and e-newsletter.
Disclaimer:
For this news release, The Stockfather was not paid to profile the company(ies) or stock(s) mentioned. The Stockfather does not own any shares of the stock(s) mentioned. The Stockfather is not a registered investment advisor. Investors are responsible for doing their own research and obtaining professional investment advice. Investors should visit www.thestockfather.com for further disclosure information.
