Wind's Blowing in the Right Direction for FLKI, it merits saying
it twice.
I don't know if you've been watching the articles and press on this
great company, but I have, and after last nights management call that
united over 200 members of the securities industry, I'm getting pretty
excited about it.
In early February, Falken Industries Ltd. (FLKI) shares were trading
under 20 cents. Today's trading level around 50 cents represents a
150% move in only a few months. Not bad, but that's not even the
exciting part.
What's got me thinking FLKI shares are starting to actually move
higher - rather than just getting bumped around by volatility - is the
rising support line we can trace back to February's low. Things got a
little squirrelly in late May, but other than that the support line
has been a strong guideline.
The next big milestone and potential roadblock is 85 cents. It's been
support as well as resistance several times over the last couple of
years, and I suspect it could be a sell trigger (or at least a
headwind).
This time though, there's something different... the company's got a
bullish biotech wind at its back, swine flu has highlighted the need
for FLKI technology and product conceptions, and a new professional
line is reputed to leave 3M and Dupont miles behind.
I think the smart way for interested investors to play it would be to
step into a small FLKI position, and then step in again when/if the 70
cents level is broken.
By the way, yesterday, FLKI posted an update regarding its double-
barreled H1N1 virus research. Good stuff.
Author Resource:-
John David is one of the nation’s most respected expert analyst on the Automobile After-Market Industry. He holds appointments as a covering analyst with some of the world’s largest players. He also conducts a private practice as a consultant in capital raises, mergers and acquisitions for small to medium size manufacturers in the consumer, professional and industrial chemical, wipe, wet wipe and car and vehicular care industries.
Concepts and Products adored by the citizens of Baytown, Texas
Falken Industries Ltd OTC : FLKI is a diversified industrial conglomerate that operates in Chemicals, Wet Wipe and Biodegradable Technology. Falken Industries Ltd is the concept behind more than 160 products distributed through a network of global platforms and the recipient of trade awards for innovations, biodegradability and environmental and health quality standards.
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