Darren Chervitz has a stock play at the intersection of small caps, India and the Internet.
Chervitz is director of research and co-portfolio manager of the Jacob Internet Fund, rated four stars by Morningstar.
"It's a tricky time...[But] long-term, there are still a lot of opportunities," Chervitz told CNBC. However, he cautions investors to plan patiently before buying aggressively.
He recommended small-cap firm Rediff.com India.
"It's the leading independent Web portal in India," Chervitz said. "Google and Yahoo are there [in India] too," but Rediff enjoys local popularity.
And he sees "real long-term opportunity," as India's Internet market has only "grown mildly" compared to other rising market's like China's.
- For his 2nd stock pick, watch the interview (2 mins, 37 secs)
Disclosure information was not immediately available for Chervitz or for his firm.