Readers Pick Seven That Could Double
The speculation gene is alive and mutating in Supermodels readers this summer, as I received hundreds of responses to my request for suggestions on stocks that could double over the next 12 months.
In a country that loves lotteries, race tracks and slot machines, there's little wonder that more than 90% of the ideas were the sort of very small companies that the investment world calls microcaps -- and more than half of those were the very iffy companies that trade in the netherworld of the notorious Pink Sheets or on the Bulletin Board.
Blame me for making the criteria so open-ended. I required only a price over $1, market capitalization over $50 million and daily trading volume of 25,000. And my own nine suggestions weren't exactly contenders for heavyweight crowns. The pick that I offered that has risen the most since -- fulfilling its one-year target in two weeks with a 117% gain -- was New Dragon Asia(NWD Quote), a small but mighty maker of instant noodles in northern China. ...
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