EQUITYOPPORTUNITY

Thursday, December 19, 2024

Live Miraculous Streak : Supermax Squeezes SHORTies for over a Fortnight ! {19th Dec '24}

 The day after the co. announces a bonus of 1 for 5 & free warrants to go along with it and despite the widely watched Dow Industrials index plunging 1,123.03 that night, Supermax remained steady as Ayer's Rock with only brief weakness at the open & between 3:30 & 4:00 pm as desperate short-sellers scrambled to buy back over 4 million shorted stock at an average cost of $1.183, losing an estimated $116,200 between them assuming they all covered back at the average transacted price. As prudence would dictate, I pared my 3-year-holdings [ 6,688 shares at the end of '21 increasing gradually at acquisition prices of $1.0547 down to as low as 66.46c & more between 81.27 & 99.8c, reaching 28,888 shares to maximise the 3 & 3.5c dividends paid last year before peaking at 30,648 just last week ] further to 23,813 shares with more sales at between $1.20 & $1.25, immediately committing half the sales proceeds to up my stake in lottery operator Berjaya Sports Toto to 18,098 shares at $1.47-1.48 to enhance my entitlement to the upcoming dividend.

 Ergo, 1,091 straight days in the stupendously unbelievable win streak!!!


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