EQUITYOPPORTUNITY

Sunday, September 08, 2024

The Record Marathon WIN streak : Post Lunar New Year! [1 Feb till 28 Feb 2021]

 S'pore's Straits Trading, which I recently repurchased for S$1.43 for the 8c dividend, kicked off the new month on Monday 1 Feb with a final exit at S$2.27-2.29, after a partial sale in the low S$2.20s on May 6, 2019, closing a S$1.985 long position in Apr '16. Pinehill Pacific took the baton on Tue 2 Feb with a further sale at a 79% gain to clinch forty scalps & 128 days consecutively. SJC then went limit-UP on Wednesday to partially exit[on hindsight prematurely] before passing on to a trio of Able Group, Kenanga & itself on Thursday 4 Feb. Then, on Friday, it was Mentiga's turn to go limit up & it was half sold close to that price, while continuously surging Eng Kah broke through the $2.50 barrier for the first time in almost a decade & was pared for a hat3rick round to reach 131 days in a row!

The market was still bubbly enough that the next Monday 8 Feb opened with another rare quintet of Teo Guan Lee, Kia Lim, Golden Pharos, a final exit of SJC, and a final prescient sale of Mentiga:
Tuesday 9 Feb saw the further sales of CGB[formerly CICB] & PolyGlass Fibre to clinch 133 consecutive days as the syndicates & retailers continued to rotate among penny stocks with small paid-up capital. Japan's biggest broker Nomura was continuing to attract my attention as a bullish tide of buying buoyed it above my cost of ¥596.9 inclusive of commissions:
Syndicates trained their attention on Ken Holdings on Wednesday, allowing my sale of the shares bought the previous day to hat3rick with long-held Fiamma & Ge-Shen. Grand Hoover then made an extended move of over 50% in 11 days & was sold on the CNY Eve half-day to attain the 135th successive day of trading gains as the 51st scalp of '21:
After the Lunar New Year, Grand Hoover's further surge past $1.60 was again sold into, as was Golden Pharos on Monday 15 Feb. A 4-month holding in TAS Offshore was unloaded together with a short-term speculative holding in Jiankun on the 16th. CEPCO, which was aggressively averaged down early in the year, delivered as it catapulted above $1 & almost touched $1.20 briefly in a most thrilling 138th consecutive +ve day! 
A quartet of two M'sian small-caps & two HK-listed mega caps made up a profitable foursome on 18th Feb: Complete Logistics, MMAG, Petrochina & China Mobile, proving that my system worked in foreign stockmarkets also!
The week ended with another flourishing hat3rick thanks to an escape from Cahya Mata S'wak shares purchased just before the Covid Crash, teamed with a short-term scalping of Green Packet &  a further selling into strength of Censof:
Hat3ricks or better became the rule rather than the exception the last week of Feb with Complete Logistics featuring Monday, Tuesday & Friday & only Thursday seeing a solo contribution from Alcom after a 2 1/2 year holding period. The former was joined by a short-term 1-month gamble on OCK Group & a 3-month bet on CJ Century Logistics paying off on the 22nd, switching partners to speculative Industronics  & Cheetah on the 23rd & finally partnering with Signature Int'l, Petronas Dagangan & Choo Bee on the 26th. Wednesday 24th Feb was the only other day that did not feature Complete & it saw Nikon Corp of Japan regrettably exit for only a 39% gain, Muhibbah Engineering pared at a lower price than in late '20 & CYL Corp shares sold into a sudden spurt!

0 Comments:

Post a Comment

<< Home