Incredible Streak : Jasa Kita is relied on for a Septet of Rounds As Markets Worldwide CRASH !!! {7th Apr '25}
Honestly one of the most sobering days in my 31-year-long odyssey in the stockmarkets, with panic selling to a degree reminiscent of 2008 in the wake of the Lehman shock. Markets are discounting the huge earnings revisions in the face of stunning new tariffs imposed by the US, while the degree of selldown is being exacerbated by widespread margin calls among the wealthy, the ordinary & the predatory hedge funds.
Surprising then that #6 Jasa Kita is sold one tick up from Friday's close to reach 1,163 days consecutively....itself a miracle!!! Also, seven hundred successive record highs since the previous longest run [ 2017-2018 ] was overhauled in 3Q 2022!
To console myself, I did a back-of-envelope calculation of the paper 'losses' avoided by my most recent Japanese stock sales and together, including Nomura, which finally erased the 'paper profit forgone' by tumbling today, amount to almost M$14,080, excluding commissions save for Econach & Nomura ! Not included in this figure is the first paring of Tobishima & also Mochida Pharma, Kodama [which rose 32% higher after a pause, but is now M$1,226 cheaper! ]& Ogura Clutch. Nothing much can be done in this kind of vicious circle of selling begetting more selling except to count one's blessings that one has such a long-enduring streak & has narrowly avoided major bloopers, for example, almost buying Toyota for ¥2,723 [currently ¥2,266.5], thus avoiding M$1,362.68 in losses, minus the recent dividend, amounting to just under M$100 ! Additionally, in HK, Johnson Electric is down by HK$1,590 from my exit point even though it vaulted up unexpectedly by nearly 27% subsequent to that sale!
I also consider myself very lucky for ultimately passing on many stocks that I had been eyeing for March dividends: Nidec ,ANA ,Shindengen ,Astellas ,Shin-Etsu ,Olympus ,Kikkoman ,Nichidai , Sakurajima , Daiun and many others.
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