Hello fellow investors,
Was I the only one to notice that during the 400 point sell of that the ONLY stability in the market was the Micro caps? I was looking at the sea of red on my trading screen and the only issue that were flat or up was my micro cap positions. Commonly known on Wall Street as the Las Vegas of the trading world was the safe haven during the largest drop since September 17th 2001. Congratulations to the investors that participated on PRXI that I mentioned in my last report in the 7.20 range. Here are the four companies we like in the Micro Cap area.
The first symbol is NASDAQ ENCY
Encysive Pharmaceuticals is a biopharmaceutical company engaged in the discovery, development and commercialization of novel, synthetic, small molecule compounds to address unmet medical needs.
Encysive has undergone a cultural evolution from a research and development boutique to a thriving commercial entity. We have successfully developed one FDA-approved product, Argatroban, licensed to GlaxoSmithKline, and have a rich product pipeline. Our lead drug candidate, THELIN® (sitaxentan sodium) was approved in August 2006 by the European Union. THELIN® is commercially available in the United Kingdom and Germany and is expected to become available in additional EU countries in 2007. Additionally, THELIN® is under regulatory review in the United States, Australia and Canada.
The third symbol OTCBB-SHMT
Shumate Industries is a Texas-based energy field services company. Shumate is a holding company that, through its subsidiaries, operates in two principal businesses: contract machining and manufacturing and a valve product line. Shumate seeks to leverage its existing infrastructure, expertise, and customer channels to grow its business and introduce new technologies to the energy markets. We currently employ 54 people at two plants totaling approximately 85,000 square feet in Conroe, Texas, just north of Houston.
Website www.shumateinc.com
Second SYMBOLSymbol is Crosshair Exploration CXX-V
Crosshair has developed into a dominant junior mining company exploring for uranium in the Central Mineral Belt of Labrador, while continuing to advance its gold and Volcanic Massive Sulphide (VMS) projects in Newfoundland. As exploration advances within the Crosshair camp along with various other camps in the area, the Central Mineral Belt is fast emerging as the next big uranium district in Canada.
The company's mandate is the creation of shareholder wealth through the exploration of world-class uranium, gold and VMS deposits.
Website http://www.crosshairexploration.com/s/Home.asp
Lastly we like FRG
Fronteer is a Discovery-stage exploration company. We use a proprietary creative and scientific approach to identify the most promising target sites — and to quantify the scale and size of the mineral resource, thereby revealing its hidden potential value. We call this the Sweet Spot© because, in comparison to other stages on the mining continuum, it offers the highest potential for creation of value — for one of the lowest investments of time and capital. Fronteer is listed on the Toronto Stock Exchange (TSX) and the American Stock Exchange (AMEX) in New York. Its stock is widely held by institutional and retail investors. Our focus is strategic and precious metals like gold and uranium; we operate active exploration programs in stable countries like Canada, Western Turkey, and Mexico. We have strong and experienced leadership. And we've built solid relationships and partnerships with major mining companies around the world. To learn more about Fronteer and the Science of Discovery©, select a heading from the menu to the left.
Website http://www.fronteergroup.com/splash.htm