EQUITYOPPORTUNITY

Wednesday, January 08, 2025

Live Miraculous Streak : Glovemakers monopolise the first 5 trading days of '25 with Supermax as a 4-bagger ! {8th Jan '25}

   Instinctively, I sold more of the 2nd scalp of the year as it came perilously close to my breakeven of $1.19, but once again I was not bold enough to dump all 12,333 shares but kept hoping it might rebound to enable a higher average than the day before.

  It looked promising for an hour or two before predictably cracking $1.20 despite the large 1 million+ buy queues there and at $1.19 & after exiting just 1,578 shares in the morning, I hastily sold another 700 at $1.19 at the beginning of the 'noon session. If I had waited, my paper profit would have predictably vanished by 3pm but at least, I will now have almost $11,000 sitting in my brokerage balance to collect some morale-boosting interest, despite having whittled down some of the Supermax sales proceeds from 13 sales so far by spending thousands buying more reliable stocks in Japan to collect recent dividends, boosting my stake in Sports Toto to over 18,000 and buying Berjaya Auto for the 1st time ever. The broader market was also very bearish with the KL index down nearly 15 points or 0.9% and losers thumping gainers 827 to 285!


   Tokyo also predictably saw consolidation of recent gains, with Shiseido down nearly 2%, Tsutsumi easing 1%,Kyocera falling over 2%, YKT tumbling over 5% but carmakers Mazda up 0.8% & Subaru advancing by almost an identical margin. Meanwhile, both Kirin and Mabuchi fell almost 1% while Ono Pharma dropped nearly 2% & Komai Haltec eased a third of one percent.
    
     

     Happy also that fellow glove stock Hartalega followed suit & dumped 6% today after my last exit at one-tick-from-the-top $3.97 on the 2nd & is now just 3 ticks from my breakeven cost of nearly 3 years! Multiple dividends in the bag, now OUT you go!!!😊


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