DEXO, REE, and AAMRQ Can Wait, Buy RENN, Reports Thestockfather.com
Posted on January 18, 2012 at 03:00 AM EST
(EMAILWIRE.COM, January 18, 2012 ) Chicago, Illinois - The Stockfather (http://www.thestockfather.com) believes that Renren Inc. (NYSE: RENN) will continue to move upwards, after being beaten down all the way to $3.21 a share.
Shares of (RENN) appear to be on the move up. Most importantly, they seem to be an extreme bargain at the current price of $4.12 per share.
A few reasons why we at Thestockfather.com believe Renren Inc. (RENN) will hit $6 in the coming weeks is one, (RENN) is extremely undervalued by at least $6, and the other reasons include China holding strong, internet use up in China, (RENN) like it or not, is the Facebook of China, and the fact that China has three billion people and growing, so http://www.renren.com will continue to have users, and gain users. One more thing, (RENN) has massive amounts of cash on hand.
Thestockfather.com has given (RENN) a three month target price of $12.
Dex One Corporation (NYSE: DEXO) still is a good buy, but not at the current price, as (DEXO) could drop another 10%.
Investors should continue to watch Dex One Corporation (DEXO).
Rare Element Resources Ltd. (AMEX: REE) is on a mission, and precious metals are becoming sweet to investors again.
Look for Rare Element Resources Ltd. (REE) to end up over $6 this week.
AMR Corporation (Other OTC: AAMRQ.PK) is starting to get hot again, but the swings in (AAMRQ) can really hurt a novice investor, so those who are green in trading, could lose a lot of green.
AMR Corporation (AAMRQ) is not considered a hold, as shares are expected to become worthless.
About The Stockfather:
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.
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 http://www.thestockfather.com for further disclosure information.
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