EQUITYOPPORTUNITY

Thursday, September 12, 2024

The Record Marathon WIN streak : Shrinking Market Froth [1 Jun till 30 Jun 2021]

 A 1-day punt on bad news stock Sarawak Concrete Industries completed the 208th link in the scoring chain on Tue 1st Jun, followed by a 2nd helping from #53 TAS Offshore as it surged above 40c on the 2nd. Jasa Kita became the new #131 in a hat3rick together with a final escape from 6-year holding Greenyield & a speculative punt on the 3rd limit down open of 79.5c in troubled Serba Dinamik on Thursday 3rd Jun [SOLD in the high 80c range]. The trio handed the baton to #134 Eversafe Rubber on the last day of the week:




Jasa Kita popped the next Monday & was sold again after a 2-year wait, followed by another contribution from 2020's top scorer AHB on Tuesday 9th Jun securing 213 days consecutively:



#117 Olympia contributed again after a re-entry at 10-11c was partially resold at 12.5c & then 13-14c for the next 2 days with #84 WCT Holdings contributing a hat3rick with a re-sale of shares purchased at 46c for 54c on Friday 11 Jun:


Eden & MPHB Capital both popped on Monday 14th Jun after a months-long lull & contributed 2 rounds apiece while a 2nd punt on Serba Dinamik at lower prices perpetuated the streak on Tuesday 15th Jun. #121 B.I.G Industries held the fort on the next day with a successful re-entry-sale punt to reach 218 consecutive days. #116 EuroSpan, a furniture stock, then took over on Thursday 17th Jun as it tripled the capital invested at 40.5c the previous year, an improvement on the 1st round in May. It gave way to a duo of Cycle & Carriage Bintang & Jiankun, both delivering 2nd rounds, the latter speculatively yet again on Friday 18th Jun :




Ken & Kia Lim both delivered hat3ricks on Monday 21 Jun while Golden Pharos secured consecutive session 

 222 with a final exit as it popped over 50c briefly on Tuesday:


Globaltec delivered a 2nd round the next day followed by consecutive two-fers on Thursday 24th & Friday 25th June respectively: CI Holdings was sold at more than DOUBLE the 2019 cost with a hat3rick paring of MPHB Capital as it began to downtrend, followed by a 2nd paring of #108 Mercury Industries & new #137 Eksons to end the week:



A rare trio of  new #138 CSC Steel, #21 Paragon Union & #129 Pinehill Pacific featured on Monday 28 Jun with the market correcting early 2021's speculative upmoves, passing the marathon baton on to a THIRD speculative punt on insolvent #132 Serba Dinamik at less than half the prices of the 1st foray. The month ended with a sale of new #139 N2N Connect after 2 years to reach 228 days successively!



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