EQUITYOPPORTUNITY

Wednesday, October 16, 2024

Record Marathon : Merry May Mistimings [2 May till 31 May 2023]

Star Media successfully campaigns to prolong the record with a 3rd sale to ground in 678 days consecutively & confirm its 33-full-month duration returning from the May Day holiday. Menang, whose warrants exited the previous month, then steps into the breach on 3rd May as the 57th scalp with a final sale not too far from the $1 resistance which I wagered would not be breached:


The Vesak Day holiday fell on the 4th & paused the win streak, subsequent to which the last shares of SMRT exited for a 6th round completing a chain of gain 680 days long. On Monday the 8th, client recommendation & #9 FIBON finally exits before passing the baton to mall operator AEON for a successful short-term punt for #58 on the 9th. #11 MAXIS scores a quintet on the 10th as it exited just below $4.40 days after a bearish engulfing candlestick seemingly stamped an early top at $4.59 which on hindsight proved valid, with its shares almost 18% lower in Oct '24. Japan's Suruga Bank, bought during the Silicon Valley Bank collapse in March, exited for 18% higher with the dividend already earned. KLK then concluded the week with a marginal gain as new #60, shares bought in January & February for over $21 amounting to 133 shares partially leaving at $22.12 : 




Tokyo-quoted Aida Engineering, bought just below ¥800 the previous November, was two-thirds sold not too far from ¥900 after bagging the ¥30 March dividend at the half-May point. The next day, KLK was further sold piecemeal in the odd lot market for an average of $22.556 in a semi-frantic flurry of Whatsapp instructions less than 30 minutes before the market close to successfully bring the marathon to 687 days consecutively.  Berjaya Land then took on the role of winner #62 bagging 688 days in a row on the 17th before the 18th saw new #63 Binasat Communications rewarding a short-term bet just above 25c with a partial sale just under 30c & thence on to a LIFO sale of low-priced shares of  #29 Jaya Tiasa on Friday the 19th:



YTL Power then elongated the run with an[in hindsight] unfortunate partial exit on Monday 22nd May of shares held with increasingly thinning patience for just a sliver of profit. On the 23rd, a less unfortunate [but still early] parting from #40 F&N for a quartet on rounds, thence on to an exit from an entry into recently plunging shares of new #65 Bahvest Resources on the 24th. YSP South East Asia, whose sale had begun the previous December, saw its exit complete at a slightly higher price as new #66 on the 25th. The next 4 consecutive market days saw cringeworthy-in-hindsight sales of new #67 YTL Corp for 3 days in a row spanning the weekend from 26-30 May before an exit from fresh #68 US-listed Meta Platforms on the last day of the month for just $20 higher than the mistimed $240 entry in Feb '22:








In my lame defense for the mis-timings closing out the month, I was feeling desperate & was convinced that the capital 'stuck' in 13,633 shares of YTL accumulated since 2016 were sorely needed to be re-directed into new local and foreign targets!

0 Comments:

Post a Comment

<< Home