EQUITYOPPORTUNITY

Friday, September 27, 2024

Record Marathon : Relentless Averaging in Oriental Begins to Pay Off! [1 Mar till 31 Mar 2022]

Tuesday 1 Mar sees the new month open with the sale of my last shares in Arab M'sian Bank for a sliver of profit for the 36th stock bagging 393 days consecutively. Teck Guan Perdana becomes the 37th winner the next day jointly with a 3rd round on #30 WTK before 8-year holding Oriental, the sole local agent for Japan's Honda debuts as #38 on Friday the 4th with the first of a whole series of partial sales, taking profit on a more than $21,000 investment accumulated over 8 years & which would go on to pay over $3,600 in dividends by year-end:



 DIGI.com is re-sold again above $4.06 on Monday 7th Mar after a recent re-entry around $3.80 thus continuing a 100% win record on the telco stock which I first wagered on at $5.25 & sold at $5.55 in '15 , before handing off the record run to United Malacca, recently purchased just above $5 & re-sold for a short-term gain on Tuesday the 8th, in tandem with a rare intra-day trade on tech stock Greatech, bagging #41 & #40 for the 398th consecutive day of gains: 

 Jeweler Poh Kong is sold a 2nd time on the 9th after popping as high as 99c the previous day as the Russian invasion of Ukraine escalated, handing the baton to new #42 & semiconductor maker Unisem which was sold after just 2 days for an 11% premium on the 10th while helping the marathon attain 400 consecutive days, the first time since 27 Aug 2018! Troubled contract manufacturer ATA IMS rewarded yet another speculative re-entry in the low 30s with a sale in the mid-30c range on Friday the 11th:




RHB was sold as #43  for a 45c gain over 13 months on Monday the 14th while the 15th produced an increasingly rarer double of CB Industrial Products & British American Tobacco to send the tally up to 45 on the 15th, jointly bagging 403 days in a row while KSL achieved the same extension with a re-sale of shares bought in the high 60c range for nearly 80c on the 16th. United Malacca finally exited the short-term position bought for the recent dividend with a final sale on the 17th for a roughly 8% gain, passing the baton back to telco DIGI.com on Friday the 18th:




Fraser & Neave(M) provided a small but exciting first time ever gain on Monday 21st Mar, the new 47th bagging 407 in a row when Japan's Teijin whose shares were punted on at the height of the Ukrainian war tensions, were sold for a 10% pop several days later on the 22nd, #48 attaining 408 in a row. This curious 'number matching' would go on for 8 market days in a row: Country Heights, #49 reaching successive day #409, Imaspro becoming #50 clinching 410 days in a row on the 24th, Cheetah nailing position #51 cementing 411 days on the 25th, Heveaboard [ #52 = 412 days on 28th Mar], KL Kepong[#53 = 413 days on 29th Mar] & finally Capital A, formerly AirAsia, the 54th winner securing 414 days in a row on the 30th! Only the duo of IJM & Rubberex broke the trend while lengthening the streak to 415 days as #55 & #56 respectively on the 31st:







 

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