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February 09, 2012 at 03:00 AM EST
GMXR, DEXO, RENN, and BPAX Can Wait, Buy MNEL, Reports Thestockfather.com
(EMAILWIRE.COM, February 09, 2012 ) Chicago, Illinois - The Stockfather (http://www.thestockfather.com) believes that Mission NewEnergy Limited (NasdaqGM: MNEL) will continue to move upwards, after being beaten down to .79 cents a share.
Mission NewEnergy Ltd. (MNEL) is a triple banger, (MNEL) has a low float, make that an extremely low float, is nearly trading at its all time low, and is in position to become a leader in the alternative fuel industry.
Shares of (MNEL) appear to be on the move up, more importantly they seem to be an extreme bargain at the current price of .94 cents per share.
We at Thestockfather.com have a short term target price of $3.00 for (MNEL) and a one year target of $8.
GMX Resources Inc. (NYSE: GMXR) definitely has value, but for now (GMXR) seems to be in consolidation mode.
GMX Resources Inc. (GMXR) should be watched for now.
Dex One Corporation (NYSE: DEXO) is starting to make its move and should be trading near $3 after earnings come out in March.
Investors may want to swing trade Dex One Corporation (DEXO), up until earnings.
Renren Inc. (NYSE: RENN) has been all over the place, and investors should think about just staying away from (RENN).
Renren Inc. (RENN) looks like it may drop under $5 soon, so if interested in a truly undervalued stock, check out (MNEL).
Thestockfather.com feels that (MNEL) will go down as one of their biggest and best stock picks of all time.
BioSante Pharmaceuticals Inc. (NasdaqGM: BPAX) seems to be under attack the past few days, (BPAX) looks like it will hit and trade back in the .70 cent range soon.
Thestockfather.com feels that BioSante Pharmaceuticals Inc. (BPAX) will continue to drop for awhile, so don't expect to see (BPAX) hit and run over $1.00 any time soon.
We at Thestockfather.com believes that Mission NewEnergy Limited (MNEL) is ready to turn the corner, and could be trading close to $3.00 within a month. This spring and summer will be very good to (MNEL).
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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