EQUITYOPPORTUNITY

Tuesday, September 17, 2024

The Record Marathon WIN streak : October Challenges the Streak [2 Oct till 29 Oct 2021]

MESB & Hwa Tai opened accounts in October [ & closed the week] with 3 & 8 rounds respectively, the latter rewarding a re-entry in the low 70s a few days prior with a re-exit in the high 70s. They hat3ricked with #169 Sungei Bagan, bought back from $3.60 to $3.30 & re-sold profitably close to $3.60. The following Monday witnessed Sungei Bagan achieving a quartet of rounds with another sale close to $3.70 & this move extended to Tuesday 5th Oct: it was sold a 5th time above $3.80 & together with a hat3rick on #148 CWG, reached 293 days in a row: 




Sungei Bagan again featured 4 days consecutively on 6th Oct as it surged above $4 & was sold a 6th time together with a final exit, the 4th one, from #31 Theta Edge at over $1.40 thus closing an unfortunate chapter of a high & dry entry in Oct '09 which was fortunately averaged down to $1.3258 with a low entry 8 years later:

Eurospan, the 116th scalp of '21, scored a hat3rick round & a tripling of the original invested capital on Thursday 7th Oct & handed on to Euro Holdings, the 183rd win[equaling the previous year's record tally] to bag 296 days consecutively & close the week on Friday 8th Oct:


A speculative entry into oil & gas stocks Deleum 5 weeks prior close to 50c was closed in the mid-50c range to keep the marathon intact into Monday 11th Oct thus providing the 184th scalp which overtook 2020's record by a single stock. Old shares in ILB were sold for #185 while attaining 298 consecutive days while Pan M'sia Corp[PMCorp], averaged down from Apr till Aug furnished #186 & 299 days in a row. The big THREE HUNDRED day marathon mark was reached courtesy of a 4th round on #154 Emico after it was re-purchased in the mid-30c range earlier in the month & re-sold in the low-40c range on the 14th. Oriental Food, bought in the low-90c range as it sold off in August was disposed in tandem with a 2nd round on #186 PMCorp making it a "food stock double" on Friday the 15th: 




#102 of '20 & #120 of '21 Kamdar is pared again on Monday 18th Oct to clinch 302 days in a row. The Muslim Prophet's birthday holiday on the 19th gives way to new #188 Teck Guan Perdana on the 20th, a 2nd round on #78 MISC on the 21st & a hat3rick on #102 Solid Automotive on the 22nd:


Two re-entries reward the next Monday 25th Oct with a 4th round on #158 White Horse & a 5th round on #31 Theta Edge, with #44 Mentiga & new #189 Grand United[GUH] clinching the double-double on Tuesday 26th Oct. A 2-month holding in See Hup Consolidated brought up the 190th scalp corralling 308 days consecutively on the 27th, followed by a successful trend-following trade in new #191 Hong Leong Capital closed out on ex-dividend day, the 28th with a 35% capital gain: the first in this stock since early 2013. The month & week close out with another double in the form of tepid trades in new #192 IFCA MSC & a hat3rick on #44 Mentiga, ergo crystallizing 310 successive days of stock-trading gains:




 

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