Serious replies only: I'm looking for a cheap stock with long term upside.
Does any one have any recommendations. Looking for something in 2-4 dollar range that I can buy and hold onto for a couple years. I have one I believe should be very profitable but don't want to put all my eggs in one basket. The one I have bought is ZGNX. I think in a couple years this will be in the teens. The only thing I'm basing this off of is that I believe this company has a great product and that they will make huge profits over the next five years. I'm not recommending this or pumping this stock as I don't think it's going anywhere anytime soon. Thanks in advance for any ideas. I would like to analyze a couple more stocks and add them to my long term portfolio. No BS thanks.
One place to start is with Joel Greenblat's Magic Formula Investing screener -- won't go over the selection algo, it's public knowledge. You can find the screener pretty easily online. Then look at charts -- not all of those equities are trading at lows. In fact, most aren't these days (value is popular.)
That's how I got a great ride on GTAT last year. Right now TDC is an MFI pick with a juicy chart. (Yeah, you've never heard of Teradata. That's the point.) Not pumping TDC, just giving an example of the MFI/juicy chart intersection.