EQUITYOPPORTUNITY

Friday, October 18, 2024

Record Marathon :The Miracle Continues to the 3 Year Mark! [3 Jul till 31 Jul 2023]

 Naim Holdings, assiduously accumulated since January in both the margin & regular account to average down on the 5,300 shares bought from '15-'16 at close to $2, are hived on a LIFO basis to close out low-priced stock as it surged above 60c becoming the 76th scalp subsequent to #75 Texchem whose shares purchased at $1.034 were sold at $1.16 on Monday 3rd July. Naim continued to rise meteorically the next day, which happened to be Independence Day in the US & was hived further from 65.5c to as high as 80.5c and thus attain 720 days consecutively:



Naim continued to rocket for a 3rd straight day on the 5th & was thus the natural choice to be sold for its hat3rick round for close to 90c, before handing off to Pappajack for a 50% return on shares bought specifically to attend the shareholder meeting in June on the 6th. Globetronics became the 78th scalp on the 7th with a 7% return on shares averaged down to $1.312 in the previous year:




Naim was sold a 4th time on Monday 10th Jul as it began to be weighed down by profit-taking, before SBC Corp stepped in the next day as the shares came close to the tail end of a mysterious 70% advance in just 2 weeks, bouncing the baton back to Globetronics on the 12th:


Quality Concrete, the maiden scorer of '23, repeated on the 13th, with shares re-purchased just above $1 resold from $1.09-1.17. New #80 Berjaya Food, the local Starbucks franchisee, pushed the streak to a fresh high of 728 as its shares speculatively purchased in May as they plunged were hived for a 5% gain on the Friday the 14th before bouncing the run back to Globetronics for a hat3rick sale above $1.61 the following Monday. The baton then returned to Quality Concrete as it rocketed to as high as $1.74 two days after a rare limit-up with 100 sold AT that very peak price that coincided with a multi-year summit from years ago:



After the Awal Muharram market break on the 19th, CB Industrial Products became the 81st scorer with a hiving of a large portion of its shares bought for $1.07 early in January. M'sian Resources Corporation[MRCB], averaged down multiple times over a few years down to 38c, was partially sold at 39.5-40c for a marginal gain as #82 to close the week on 21st July:

Gadang, bought for just below 30c in April was mostly sold for 34c on Monday 24th Jul, the 83rd scalp bagging 733 days in a row, before Theta Edge, averaged down until May for 68c was hived from 71-72.5c as new #84 on the 25th. #70 Petron M'sia was scalped a 4th time on the 26th at the 2nd highest price of those rounds, its shares already having earned the year's only dividend, then passed the baton to UEM Sunrise for a 26% return in 2 years as the shares surged above 50c on huge volume on the 27th. Globetronics took back the baton for a quartet of rounds on the 28th to close out the week & then handed it back to #84 Theta Edge for a 2nd sale not far below 80c on 31st July for 738 days in a row & sealing up 3 full years !






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