Biosite (nasdaq: BSTE - news - people ), a San Diego medical test maker that has appeared repeatedly on the Forbes 200 Best Small Companies list, has been swallowed up by another medical diagnostics outfit.

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Individual stocks Spear currently has on his watch list: Central European Distributors (nasdaq: CEDC - news - people ), Biosite (nasdaq: BSTE - news - people ), Fossil (nasdaq: FOSL - news - people ) and Symantec (nasdaq: SYMC - news - people ).

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Generic drugmaker Able Labs (nasdaq: ABRX - news - people ) is also high on Oberweis' list of top buys, along with chemical and pharmaceutical firm Aceto (nasdaq: ACET - news - people ) as well as medical testing company Biosite (nasdaq: BSTE - news - people ).

FORBES: Best Letters Buy Into Small Caps