What are some stocks that are very cheap right now but that you expect to skyrocket over the next few years?

I'm looking to improve my knowledge of the stock market and I'm looking for potential investments.

Try this stock:

China Mobile (CHL). Growth in population in China as well as expanding economy make this sleeping giant a perfect play. The stock is $43 with a forward p/e of 17 and pays a 4% divvy. China is one of the best economies in the world right now. All our jobs are going there.

So you not only get the POPULATION growth, you also get ECONOMIC growth as well!!

CHL has 1 billion in potential new customers. It's also hedge against the falling dollar. Chinese people often don't have computers so the phone they buy will be their access to the Internet. Google and CHL just inked a deal that let's CHL suscribers get on the internet via phones.

CHL is a monopoly that is protected by the Chinese government. CHL is also the industry leader with 65% market share. Superb balance sheet. It's stock price is trading at a discount to its growth rate.

China is where the growth is right now, you want to be in this stock. By 2010, this stock will double and you get the divvy to boot.

The first time rockets are fired, usually return to earth with a big thud or explode on takeoff! Keep trying, study human behaviour, understand the nature of greed (like you are having now) and just hope that you are not a fatal casualty. You can recover from injury but death is quite final!
If you loose money, you can always recover - you have lost nothing.
If you loose your pride, you have lost something.
If you loose your honour, you have lost everything.

What you are asking for does not exist. Stocks that rise quickly also plummet very quickly. These are known as volitile stocks. You want medium to low risk long term investing. You also want to diversify your investments outside of stocks. That way, you are protected from potential stock market crashing, recessions and depressions in the overall economy.

If anyone reliably knows that information, they would do one of two things: buy themselves and get rich (or righer), or sell the information. It's good that you start studying the market and finance in general, but unless you get very lucky, you won't find a stock that skyrockets very often.

its not cheap, but Google stock is expected to shoot over $1000/share. If you can afford it now at $500/share.

Arris Groups (ARRS)
Level 3 communications (LVLT)
Amkor (AMKR)
can't go wrong with Altria. (phillip morris) people won't stop smoking

Just follow what stocks I sell.

They all tend to skyrocket right after I sell them!

Skyrocket??? Well, sometimes new corporations do, but they usually fizzle when the economy begins to show signs of rain. It has to be your choice; however, there are investment softwares on the market and they'll teach you how to choose wisely by the green light, I guess. They have the infomercials late at night. Maybe take a gander at that.

GOOGLE (if bought through Sharebuilder.com in small chunks)

Anheuser-Bush (BUD)

Walmart (WMT)

Toyota Motor (TM)

Honda (HMC)

if you want to speculate, my recommendation is sirius or xm satellite. these two stocks are down because the FCC said they can't merge (for now). I think the drop is an overraction and is temporary.. more on this at http://ibooyah.com

How many years, exactly?

IN response to xeno:

CHL does have a lot of growth left in it. It will make people money, but if your holding it for 50 years, I wouldn't suggest it. Eventually a war could occur between 2 super power's. China is communist, it could just seize those assets and all the investor's lose thier stake. But over the next twenty years I'm sure you'll do really good!

As for one answer to your question:
Cheap stocks that may skyrocket... well, they are cheap because they are unknown. Check out new IPO's and the AMEX, pinksheets, and over the counter stocks for some real hidden gems. Most companies that skyrocket, do so because they are extremely small and risky.

Warren Buffett got rich through regular (large established) companies that he just bought when they were out of favour and at great prices. You can be slow and steady and still win the race. But I can't blame you for wanting to win a little faster. There are always hidden gems out there. You just have to look.