Friday, November 18, 2011

5 Small Caps Under $5 That Could Double For Friday November 18, 2011

Odyssey Marine Exploration ( NASDAQ:OMEX ) engages in the exploration and
recovery of deep-ocean shipwrecks worldwide. The company has a market cap of
$184 million which is in my $100m $300m target range. The 52 week range is
$1.80 $4.43. Technically OMEX has been roughly trading between $2.20 and $3.30
since July. I like this chart setup a lot, here are my thoughts. Yongye
International ( NASDAQ:YONG ) engages in the research, development, manufacture,
and sale of fulvic acid based liquid and powder nutrient compounds for plants
and animals, which are used in the agriculture industry in the Peoples Republic
of China. The company has a market cap of $245 million and a 52 week range of
$3.01 $8.65. Technically YONG has been roughly trading between $3.50 and $6.50
since March. Below are my thoughts on the chart. China TechFaith Wireless
Communication Technology ( NASDAQ:CNTF ) operates as an original developed
products provider that is focused on the original design and sale of mobile
phones in the Peoples Republic of China and internationally. The company has a
market cap of $92 million and a 52 week range of $1.56 $6.96. Technically CNTF
has been trending down since its May high of $6.96 and represents one of the
best opportunities in this list. Lets take a look at the chart. DragonWave (
NASDAQ:DRWI ) provides wireless Ethernet equipment for emerging Internet
protocol networks worldwide. The company has a market cap of $172 million and a
52 week range of $2.70 $9.20. Technically DRWI has etched a bull flag and is in
a consolidation phase right now. Here is what I like about the chart. Glu Mobile
( NASDAQ:GLUU ) engages in the design, marketing, and sale of casual and
traditional mobile games worldwide. The company has a market of $190 million and
a 52 week range of $1.80 $6.10. I have traded this stock a lot since starting
this service in March, here are my current thoughts on the chart.

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