Mega Stock Picks (www.megastockpicks.com) is initiating coverage on a stock it feels is seriously undervalued. That stock is General Steel Holdings, Inc. (NYSE: GSI).
General Steel Holdings, Inc. (GSI) has just over 54 million shares outstanding, and a tiny float of just 32.84 million shares.
If earnings are good on Monday (Nov. 7, 2011), (GSI) could shoot up fast. If earnings are good and volume doesn’t come in on Monday, look for (GSI) to rise on Tuesday and throughout the week, many times this happens. So if an investor likes what they see in General Steel Holdings Inc. (GSI), it would be wise to pick up shares on Monday.
General Steel Holdings, Inc. (GSI) has 8,407 employees and produces 7 million tons of crude steel annually. Did we mention it trades on the New York Stock Exchange?
Other stocks that could bounce this month include Lithium Exploration Group (OTC: LEXG).
The 52-week range for LEXG is .07 to 10.68. The stock closed at .90 on Friday, up 32 percent.
American Apparel (AMEX: App) has a scheduled earnings announcement today. The stock closed at .89 on Friday.
American Apparel manufactures and sells casual and stylish clothing apparel for women, men, and children. The company operates 254 retail stores in 20 countries, including the United States.
One thing to keep in mind is that APP traded in the multiples of dollars not too long ago. With the holiday season approaching, this could give the company the boost it needs.
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