3 Cheap Stocks That Can Bounce Back Big

09/24/08 - 02:53 PM EDT

James Altucher

Updated from 11:30 a.m. EDT

I have a framed handwritten letter written by John L. Sullivan, former heavyweight champion of the world from the 1880s. He says to his friend in the letter: "While ascending the Hill of Prosperity may you never meet an old friend coming down."

This is a great quote, and you only learn it from experience. So many stocks have fallen hard in the past few months -- and with them, the wealth and stockholder happiness that they'd created -- that you have to sit back and wonder: Do things cycle? Will these stocks -- and all of us -- have the energy and wherewithal to come back again?

Here are three stocks that have been beaten so badly, whose shareholders have been so harshly burned, that one will need dental records to identify the remains.

To find out what those stocks are, please click here.

At the time of publication, Altucher and/or his fund had no positions in stocks mentioned, although positions may change at any time.

James Altucher is president of Stockpickr LLC, a wholly owned subsidiary of TheStreet.com and part of its network of Web properties, and a managing partner at Formula Capital, an alternative asset management firm that runs a fund of hedge funds. He is also a weekly columnist for the Financial Times and the author of Trade Like a Hedge Fund, Trade Like Warren Buffett and SuperCa$h. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback; click here to send him an email.

TheStreet.com has a revenue-sharing relationship with Trader's Library under which it receives a portion of the revenue from purchases by customers directed there from TheStreet.com.

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