EQUITYOPPORTUNITY

Wednesday, April 02, 2025

Incredible Streak : A local Jeweler 💎 Sparkles 💍 With a Hattrick ! {2nd Apr '25}

  My prediction of a 78% probable drop in the local index due to the net 300+ point drop in the oldest US equity index over the two day nuisance local holiday was surprisingly proven wrong as the local index rallied +0.85% at the close, though losers handily crushed gainers with a 637-288 margin as recent winners KL Kepong and Nestlé M'sia, both dropped, the former by 1.4% and the latter by 2.2% while other less recent contributors to the enduring record, CIMB , Tenaga Nasional , Petronas Dagangan and CelcomDigi featured in the Top 20 Gainers' list.

  The abovementioned forecast caused me to dispose of just under half my remaining stake in Poh Kong💍, which, as the 13th scalp of '25, corralled the 1,119th & 1,155th links in the unbroken chain of gain dating back to 2020, at the $1.04 open, which proved to be the day's low. Another lot was sold at $1.06 a bit later to ameliorate the bad timing but the undervalued gold-related stock closed up nearly 4% at $1.07 on the tailwind of the yellow metal's stellar over-long-weekend jumped to fresh all-time highs. This intermittent contributor thus secures 116 decades in the ongoing miracle!

    




    The intention set in the morning for a synchronistic day ahead was somewhat fulfilled by the Japanese market going nowhere after several days of weakness after the widespread 28th Mar ex-dividend date as seller dominated action in Tokyo, sending many stocks to 52-week lows & others, like barely-missed-buying at ¥ 2,723 on 13th Mar bellweather stock Toyota tumbled into technical support zones from after last years Black Monday meltdown in August. After lunch, I also fortuitously picked up some money from the floor of a kopitiam that shaved 6% of my frugal food bill for the day! Every cent helps in this crumbly economic environment! Also, for many years now, picking up carelessly-abandoned money has portended windfalls in the stockmarkets !!!
 
   Hence, the combined score leapfrogs over 19th Dec's 1,197 points to become the 7th highest score thus far at 1,199, level with 20th Dec' 24 !!!

 

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