Rick Pearson

Stocks with shaky fundamentals and high multiples get hit the hardest in a market downturn and should be avoided when markets look stressed. Examples include solar stocks such as Suntech Power , Trina Solar , Yingli Green Energy, LDK Solar , Canadian Solar and Solarfun. But a market selloff can be a good opportunity to pick up cheap shares of oversold stocks with rock-solid fundamentals. The best example is Duoyuan Printing.

BEIJING (TheStreet) - Sinocoking(SCOK), China Agritech and Puda Coal all saw double digit jumps in their share prices on the day their uplisting was announced. New Energy Systems (NEWN.OB), and Biostar Pharmaceutical both offer the opportunity to still get in before the price pop of an uplisting.

With the Dow hovering back around 11,000 it is getting increasingly difficult to find attractive value stock opportunities. However, by focusing on potential uplisting opportunities it is still possible to find stocks with the potential to double with a relatively low degree of risk.

BEIJING (TheStreet) -- The past 12 months have been very volatile for China battery makers including Advanced Battery Technologies , Hong Kong High Power , New Energy Systems , China Ritar and China Bak Battery . After six months of sitting on the sidelines and doing plenty of analysis, I recently bought back into New Energy Systems and view it as a stock with the potential to double.

I have owned shares of New Energy Systems off and on for about a year. I have a very favorable view of management, the company and the industry.

In July 2009, Fuqi International raised $105 million from institutional investors via reputable investment banks, all of whom presumably conducted substantial due diligence given the size of the deal.

In addition, Fuqi has research coverage by several well-known investment banks that have presumably done substantial due diligence and maintained an ongoing dialogue with the company and continued to monitor and analyze the company's financial condition.