In my opinion during my schooling years in early seventies pelikan writing materials were of superior quality. Back then it wasn't listed in BURSA. Before it was a profitable entity. However, recently it incurred loss. Perhaps, due to inferior costing n defective management. Writing materials r perishable but non edible items n. Have to be replenished once they r used up. As such, it is still a. viable business.
Pelikan may climb after it found support at 50-day MAV line. A trader may opt to purchase the shares if the stock stays above MYR0.615 today, with a close below MYR0.60 as a stop-loss. Price target is MYR0.71, if the MYR0.67 resistance is broken. A failure to stay above MYR0.615, however, could see the stock trading lower, and the downside risk will increase if the stop-loss is triggered.
4 years back, I bought pelikan at RM1.30, at that time I was also in strong feeling of confident in pelikan will go above RM5.... Except of feeling confident, actually I didn't know anything fact of Pelikan.... So the lesson is, don't talk feeling, should study more on its earning ability its bussiness....show the facts.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Micheal Teo
121 posts
Posted by Micheal Teo > 2013-11-07 21:03 | Report Abuse
In my opinion during my schooling years in early seventies pelikan writing materials were of superior quality. Back then it wasn't listed in BURSA. Before it was a profitable entity. However, recently it incurred loss. Perhaps, due to inferior costing n defective management. Writing materials r perishable but non edible items n. Have to be replenished once they r used up. As such, it is still a. viable business.