Novatel Wireless, Inc. (NVTL)

This small, under-the-radar company is poised to catapult itself into a leadership position in wireless communications. The new MiFi 2200 and 2352 Mobile Hotspots are the first of many new products that are garnering Novatel worldwide attention. MiFi sales are exceeding the company's and analysts' initial sales projections, as the company is aligning itself with a strong list of data carriers for MiFi service worldwide. My perception that Novatel has a top-notch engineering team is what first attracted my attention to this stock. Kudos to the management for transforming this company's product lineup within such a short period of time and also in meeting production and distribution requirements to launch the MiFi so successfully worldwide. An aggressive advertising campaign in the USA, largely funded by the carriers (Sprint and Verizon) has earned the MiFi a very early cult following of highly satisfied users who are amazed by the speed and flexibility offered by the MiFi. More carriers will be announced in the near future. It really is the wireless "product of the year". Technically and fundamentally, this stock is a strong buy, and it is about to exhibit a major breakout, as evidenced by very robust call option activity recently. The large short position in this stock adds excitement to the mix, as it appears that a lot of shorts have been caught off guard here (17% of the float was short last month). I do not find opportunities like this very often, but I doubt that I am off base here.