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!!!

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!!!


Wednesday, December 18, 2024

Live Miraculous Streak : Supermax Surges & Scores Again ! {18th Dec '24}

  A holding in the glove major that peaked out at 30,648 shares [vs 400 in 2016] is pared down to 29,448 at the 2nd highest price yesterday, securing 1,190 days in a row of trading income & vindicating my relentless though gradual averaging down on shares that have already earned $2,602.21 in total dividends since 2016 and, if held for the next two or more months, will garner another 5-6,000 in bonus shares & almost 1,800 in free warrants proposed to be issued just yesterday!


And what a marvelously magical day that was, with 4 Japanese stocks in the black on paper & another sizeable dividend from Maybulk credited to add to the over $11,500 paid from its treasury last year!

Tuesday, December 17, 2024

Live Miraculous Streak : The Day Belongs to Ogura Clutch ! {17th Dec '24}

 An aspiration to earn from the slightly expensive but potentially profitable Japanese micro-cap Ogura Clutch was finally fulfilled about 18 months after I began stalking it & 15 months after finally pulling the trigger at ¥3,230, chasing an intraday rise to a peak of ¥3,430. Today, I decided to push the SELL button partly from resignation in the face of a general Japanese market malaise since the Aug 5th meltdown & since my entry isn't exactly rock bottom, having missed a golden opportunity to enter at below ¥ 2,800 back in June '23.  As divine luck would have it, the order was executed at  ¥3,355, ¥10 above my original sell Q, for a small but satisfying ¥3,207 net gain on top of a ¥3,885 dividend paid in July!

      This brings to NINETEEN the number of Japanese winners in 2024 & 69 is the scorer tally from those islands  since my debut there 83 months prior!


Monday, December 16, 2024

Live Miraculous Streak : APM scores twice in '24, SIX years of the last 8, including the last 5 in a row ! {16th Dec '24}

Winner N°87 APM Automotive is hived to below a hundred shares on Monday, bagging 1,088 in a row for a 625th straight record!

It thus earns in '17,'20,'21,'22,'23 & '24 skipping only 2018 & 2019 in the last eight years.

Friday, December 13, 2024

Live Miraculous Streak : Sungei Bagan extends the Record Run a 17th time {13th Dec '24}


Total earnings for 2024 from this erstwhile 'value trap' surpass $3,000 and the total since my first involvement with it in 2013 sails past the $8,000 mark on a fluctuating capital-at-risk that never exceeded $20,000 at its peak & averaged at below $12,000 for most of that time! This sale leaves me with just 634 shares remaining in 2 different accounts.
 

Supermax SHORTies die on Friday the 13th!


   Short-sellers in glove stocks in general can't seem to catch a break, as they are bludgeoned for most of the last fortnight : if they didn't buy back their sold shares within a day at the very latest, they were likely forced to cover back with losses, especially since Dec the 6th! The short-covering desperation was very palpable especially after 4pm with a massive 121 buy transactions in a row that took out well over 2 million shares queuing to sell at $1.09, as well eventually as all of the 2.5 million at $1.10.

  Outstanding shorted shares shrank from several million to less than 100k as of yesterday, but doubtless there were many intra-day shorts who likely tried to capitalize on what they figured was a probable Friday drop that has been almost become customary for the local market overall for months now. 

   Fitting redemption for me, the owner of over 30,000 shares averaged down into the high $1.10 range, with the paper loss on that investment narrowing significantly in December!!!👍👍👍


                                 

 

Thursday, December 12, 2024

Live Miraculous Streak : 2024 Kickoff stock Sungei Bagan rides a 16th time {12th Dec '24}

    If one had told me that Sungei Bagan would score more than ten times in 2024 at the end of  last year after two years of disappointing & gradual decline, I would have suspected that that person had 'loose marbles' so to speak! 

   And yet, here it is with the trading year on the brink of closing out, the 3rd most prolific scorer with $2,853.21 in profits in the bag, double its earnings in 2021, scoring a sixteenth time on the 12th thanks to a corporate asset exchange exercise with sister Kuchai & a takeover bid by banking major OCBC for a key insurance asset in the form of storied Great Eastern, which is on the brink of going off public quotation for the first time in over six decades!