Some of the most amazing gainers during this recent counter-trend rally have been steaming piles of dog poo that, until recently, no one wanted to be near. Witness Groupon, which has pushed over 50% higher recently (having put its earliest IPO shareholders through a ~90% drop).
And then long-suffering Research In Motion (remember them?), which has offered up a nearly doubling in price (I'm not showing it here, but Nokia – NOK – another fallen phone maker – has also been zooming).
There are certainly ample helpings of trashed stocks these days, if you're the contrarian-buyer sort. JC Penney (JCP) and, shown below, Advanced Micro Devices.