Mega Stock Picks Initiates Coverage on General Steel Holdings, Inc. (GSI)

(EMAILWIRE.COM, November 07, 2011 ) Minneapolis, MN - Mega Stock Picks (www.megastockpicks.com) is initiating coverage on a stock they feel is seriously undervalued, and 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, (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 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.

The website www.megastockpicks.com considers (GSI) a "Strong Buy".

United States Steel Corporation (NYSE: X) is an American steel producer and a very strong player in steel production, possibly the strongest.

United States Steel Corporation (X) has a one year price target of $33.25.

China Precision Steel, Inc. (NasdaqCM: CPSL) is another producer of steel out of China. China Precision Steel, Inc. (CPSL) is a company that still has room to move upwards.

Pacific Ethanol, Inc. (NasdaqCM: PEIX) is not a producer of steel, but (PEIX) is by far one of the hottest stocks right now. Keep an eye on Pacific Ethanol, Inc. (PEIX).

BioFuel Energy Corp. (NasdaqCM: BIOF) is another stock that is similar to (PEIX) in two ways. First being that (BIOF) is a biofuel stock. Second, (BIOF) is very hot as well right now.

General Steel Holdings, Inc. (GSI) has earnings due today (11/7/2011) pre-market, and (GSI) trades on the most respected exchange out there, the NYSE. Not to mention that this undervalued stock is trading at only $1.23 per share. So be sure to keep an eye on (GSI) today, this week, and the rest of the year.

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MEGA Stock Picks searches the markets (from OTC to NYSE) for stocks positioned to make big gains. Stocks and companies are featured on MEGA Stock Picks web site and e-newsletter.

Disclaimer:

For this news release, MEGA Stock Picks was not paid to profile the company(ies) or stock(s) mentioned. MEGA Stock Picks does not own any shares of the stock(s) mentioned. MEGA Stock Picks is not a registered investment advisor. Investors are responsible for doing their own research and obtaining professional investment advice. Investors should visit www.megastockpicks.com for further disclosure information.

Mega Stock Picks
Frank Ross
651-505-4282
info@megastockpicks.com