Good sign.....so far no aggressive selling. Only normal intermitten profit taking. Looking at the volume...I believe the operators are still staying on the sidelines with a wait-and-see attitude. It looks as if the PP shares have no detrimental effect on the current Presbhd share price.
Hopefully there will be some action in the afternoon session with the operators coming in full force.
As I said before...Lets all wait for the Grand Finalè.
I wish you all the best and good luck guys.
Cheers!

Its just awesome! Presbhd simply doesn't want to succumb to selling pressure.

Presbhd is very² strong indeed.....profit taking & PP disposal well absorbed

Presbhd is still strong.....we are about to reach the pinnacle....pls don't turn back and despair...

This is only a temporary hiccup......

Remember.....our plan is to stick until the end.....come what may!

They are still controlling the price....at the same time getting rid of weak holders.

Self Cleansing and automatically getting rid of weak holders. This is the only meaningful profit taking so far.

Another week to go...lets wait for the Grand Finalè.

@jennychin....
Looking at the fierce movements of Presbhd lately...I tend to agree with you.

Everybody is claiming to have an upper hand in the NIIS contract. That includes Heitech Padu....Dsonic....Myeg....Iris....etc.
The fact remains that if the GOM decides to give NIIS to other than Presbhd...then the GOM will be losing billions instead of saving. Apart from billions to cover the new contract....the GOM has to fork out an extra RM733 mil minimum to Presbhd without getting anything back in return. That is not a very wise thing to do. The only sensible thing to do is give NIIS contract to Presbhd and settle the dispute out of court. It would save the GOM a lot of money and time and that to me would be a win-win situation for all.
The ball in now in GOM's court and they have to act fast because time is running out.

Don't expect the road to glory is just like a walk in the park!

@cicakman.....
I agree with you.

@Handsome.....
I got info.....today a lot of forced selling.....especially towards the end.....but they supported the stock....even though the selling pressure was too great. If there was no support....it would have closed red today.
Never mind.....consider today as a profit taking day. Lets focus on what lies ahead. Deep down I'm still confident that it would limit up soon.

Back in Top 20 now

Back in action in the afternoon.....
They lured ppl to sell in the morning by hiring ppl like rocket....

YESSSSS

60c coming today guys

Hahaha.....reverse of what he said.....

Coming guys.....

@OngKawKaw.....
Teamrocket good one. After your comment always rocket one.
22/06/2020 12:50 PM

True......hahaha

@taofulou.....I thought nobody was following my postings before. Thank you for yr kind words....and thank you for taking the time to follow my previous postings.
I wish you every success and all the best!

Soon back in Top 10.
Just ignore all the empty cans.

Start engine NOW guys.....

Sharks are supporting the price NOW.

The sharks are still enjoying their breakfast.

Empty cans make the loudest noise!

Yes....will possibly break 60c today.

Pre market opening now at 55c - 55.5c.
Looks like good opening

Pre market opening at 54.5c -55.0c.

DJI & Nasdaq futures markets are not looking very good due to the increase in Covid19 pandemic cases in US. Lets hope Bursa will not be affected.

PRESBHD has become the darling stock at Bursa at the moment! Everyone is looking at it since it went to the number one spot on friday.
Hopefully today can still maintain the Numero Uno spot.

Good morning guys...
Brief market outlook for Presbhd today.....
Presbhd is poised to move up further North with the Moving Averages showing positive signs. The MACD and Momentum are also sending bullish signals. The RSI however is already in the overbought region. The Stochastics are still within comfortable zones and are still not encroaching into the overbought territory.
I believe Presbhd still has room to move forward.... with first R1 of 66c.
I wish you all the best.....and good luck.
Cheers!

@suffian....Loading up more tomorrow.. hopefully can double up by end of year.
21/06/2020 9:51 PM

No need to wait until year end. Wait just another week.

TSM instructed Home Ministry just to pay a token sum to Presbhd without even going through what was in the CA. Presbhd had already spent RM245 mil on the project....so it doesn't make sense just to agree and accept a token sum from the govmnt. I believe the court will make a right decision on 1st July. Ppl and institutions are speculating on that.....thats why the share price keeps on moving further north.

Yes Allan....I agree with you. Everyone will be very² happy. Especially those who own Presbhd shares.
They bought at 20c....suddenly become RM2.00. ;)))

Just few weeks ago nobody was looking at Presbhd. Apparently...nobody even bothered to take a second look. Suddenly it went to Top 20.....then Top 10....then Top 5....then last friday it was No. 1 for the 1st time in more than a year. Now....everyone is just wondering....what the heck is going on with this counter. Just recently...out of nowhere....Affin Hwang bought 24 mil shares of Presbhd. Ppl become more puzzled. Why on earth would Affin Hwang suddenly wanted to buy 5% Presbhd shares. Ppl keep on speculating. Is Presbhd getting back SKIN?? Are they getting another project with the same amount?? Are they going to get RM1 Bil compensation??......and so.... the plot thickens.

@Christiano....
I traced back the share prices traded on 17th June. Obviously they bought at various prices. I took the average.

GOM has to decide before court proceeding commences 1st July. They have to act fast. Reinstate project or pay minimun RM733 mil. Either way is acceptable and benificial to Presbhd.

@zerocool7199.....
Assuming skin really reinstated back to presb what is the share price would be??
20/06/2020 1:16 PM

Limit Up 3 times.

P.s l'll give my TA and the outlook for nx week tomorrow.

Good morning guys.....
Affin Hwang Multi-Asset Fund bought 24 mil shares through CIMB Commerce Trustee and becomes a substantial shareholder in Presbhd. They acquired the shares on 17th June with an average price of 48.5c.
Come to think of it....they are actually late comers. The question is...why didn't they come in early as we did? Why were they willing to enter...even at 48.5c? They must have known something BIG is coming.
The closing price on Friday was 54.5c....they bought huge amount at 48.5c. Do you honestly think they are going to be satisfied and liquidate everything at 60c?
I doubt it. I have a feeling they know something BIG is coming. Thats the reason why I went in again yesterday when it went down briefly at 49c-49.5c.....and I predicted that yesterday was the last day it was going to trade below 50c. True enough....it closed for the first time above 50c......at 54.5c. Why would I want to be scared if Affin Hwang was willing to buy at 48.5c? I believe they are looking at getting back at least 100% ROI.....ie 97c share value. I wouldn't be surprised if the share price exceeds RM1 in the weeks ahead.
I wish you all the best.....and God bless.
Cheers!

Empty cans make the loudest noise.

The sharks are luring ppl to throw at lower price to them.

Look at how the sharks are playing tug of war at the moment. Price should exceed 60c at closing.

Excellent closing at 57.5c......beating recent high of 57c.
2nd session should be very² interesting.

Presbhd at Top spot....
looks like very difficult for others to play catch up! ;)))

@cicakman....
We know our target....they don't.

This is Prebhd forum....pls don't try to promote other counters.

No distraction talking about other counters pls