The Record Marathon WIN streak : US Election tempers market ebullience ! [2 Nov till 30 Nov 2020]
The Presidential Election in the US made caution the watchword in markets from late-Oct till Nov 6th, but Pinehill Pacific rose further after the previous month's rousing & so opened accounts on the 2nd, followed on the 3rd by suddenly ramped ILB. IQ Group delivered a hat3rick of rounds on the 4th with Pinehill Pacific scoring its own hat3rick on the 5th. Heveaboard then closed the week as #132 with a profitable sale:
Much controversy arose over the results of the election over the weekend, when it appeared that Trump was poised to win a 2nd term only to be defeated narrowly by some murky delayed vote-counting, reinforcing to me if not others as well, that certain quarters will do anything fair or foul to gain power!
Demerged conglomerate Sime Darby opened accounts the following week as the 133rd winner of '20: shares bought in '18 & '19 were partially sold. It then handed the baton to Mieco Chipboard, a delightful & unexpected gift when shares I had forgotten I had bought in late '19 for 28c were sold for over 61c for 70 in a row! Golden Pharos contributed a 4th time on 11th Nov while the next day witnessed United U-Li pairing with MMAG warrants, speculatively bought weeks before, to secure 72 consecutive days which became 73 on 13th Nov thanks to MMAG shares themselves.
The most valuable entity on the bourse, Maybank then opened accounts the following Monday, 16 Nov, followed by a double-double in the next 2 days: S'pore's City Developments bought right at its low at Oct's end exited for a 21% gain while an escape from TN Logistics shares bought 2 years prior jointly secured the streak's continuation, followed on 18 Nov by a MyNews/Alcom duo. Thursday & Friday saw solo acts by Golden Pharos(x5) & Prestar Resources respectively:
During this week, I was increasingly excited about Shinnaigai, a micro-cap textile stock that I had purchased on the 10th at a multi-year low price beginning to soar 3 days after entry, past the ¥600, ¥700 & ¥800 barriers in rapid succession.
Unfortunately, plain vanilla greed prevented me from cashing out & it dropped almost as rapidly to the point where the paper profit vanished & it was eventually taken over by parent Shikibo via a share exchange: the latter's shares would eventually be sold to contribute successive day #657 many months later in 2023 after paying generous dividends!
In the meantime however, the streak was extended to 79 & 80 straight days by a 2nd round on United U-Li on Monday 23 Nov & the trio of PPHB/Golden Pharos/Censof respectively, with the last stock fortuitously recommended to paying clients just before it took off! A late October punt on SGX-listed Keppel Corp contributed on 25 Nov, followed by a 2nd round on #144 Censof on the 26th. An escape from Muda Holdings shares bought the prior year for shareholder door gifts paired with a sale of speculative purchase Hwa Tai to clinch 83 in a row on the 27th to close out that week. Closing out the month was a final exit from United U-Li of a nettlesome 2019 purchase that was technically a catching-the-falling-knife error!
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