EQUITYOPPORTUNITY

Friday, December 20, 2024

Live Miraculous Streak : A Joyous Hattrick as an Early X'mas Present ! {20th Dec '24}

 I had planned to sell only Hartalega, the 52nd scorer, on its 3rd ex-dividend day to secure 1,092 consecutive days in the record marathon, but a flight of fancy chance sell queue to exit wrongly-bought Kodama Chemical 児玉化学工業 in the Tokyo market was miraculously executed late in the afternoon as it soared mysteriously in a news vacuum, perhaps as a result of short sellers' frantic covering activity from sales made 4-5 days prior when it plunged 16% in 5 days! 



Great relief at having a lesson learnt without having to pay a price: Never buy purely on one chart pattern & a gut instinct!

The cherry on top of the icing was that the position was closed at the highest possible price of ¥440 as it hit the stop HIGH with about half-an-hour left to the close while the icing itself was the fact that the average traded price was over 6% cheaper at ¥413.934. Not bad for a company that, despite a bullish corporate proposal a few weeks back, has not paid a dividend since 1998 and has declined an unbelievable 96% from its all-time peak! Its recent low was also its lowest since 1968!



At the eleventh hour, I also decided to hive my Supermax holdings down to 20,813 shares as an insurance against something untoward happening during the pre-Christmas weekend, the disposal price a barely profitable $1.20 considering my $1.18886 average cost. Nonetheless, a quartet of rounds on winner #104 seals up a stock hat3rick to neatly conclude the 211st complete week in the precious, precious ongoing streak!!!

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