yes yes yes! wonder if we will see 15% gap up tomorrow? hng33, care to comment? I sold 10k shares of Puncak at 2.865 and bought 16k shares of warrant at 1.87 today.

Ks55, wonder how many investors actually read through Puncak balance sheet before investing? Even analysts insisting on cash per share of 2.90 from disposal, omitting debt relief from sukuk conversion, additional cash raised from warrant conversion, and existing cash in hand, which together will add additional .70 per share cash to Puncak? Not to mention it has land over 280 acres in kuala selangor debt free?

Hng33, u r trading king here... agreeing with ckk2266, lihai lihai

But if ur rumor is a fact, we would see Puncak plunging already, so don't worry

Ks55, sorry,meant no harm, just a joke...

I shall never be held liable for the rumor though if can't be confirmed given that rumor is rumor

Was told deal completed, Puncak receives additional 1555.3 mil as compensation for the delay. Can anyone confirm? :-)

黎明前的黑暗? A low of 2.81 just now... also, 狼来了的故事现实版? Past 2 announcements see price rises by minimum 15%, now,barely move

damned, hng33, you are good!

any idea why the drop? correction? hng33 has again shown his sharp trading skills, wonder if he will be returning?

sudahkena, hopefully another one after deal completion is announced... and another one when a confirmed date and amount of special dividend is announced... and another one when quarter report shows profits despite asset disposal... and another one after showing an asset per share jumps post asset disposal...

managed to sell 13k shares at 2.88, but got greedy and added 16k shares of warrant at 1.89. Instead of reducing position, I have actually increased my exposure in Puncak, despite an increase in cash position.

Guess we May have to wait until Puncak able to show profit after asset disposal or a balance sheet showing cash per share of around 3.60 after disposal (before dividend)..

truth is, how can puncak reach its fair value if so many anal-ysts insisting on cash per share of only 2.90 after water restructuring and concern on its o&g business (midf even emphasizes 20 millions losses in 6 months)

money888, I have added some Puncak position by selling Puncak (for every Puncak share) and adding Puncak warrants (I buy 1.25 warrants) when Puncak is around 2.58 and its warrant at 1.58-1.59. Since hng33 has been right on his trade calls on almost 80%, thought if I were to dispose the additional 25%, I could preserve some cash. If it drops later I can add back those position. If it rise, I will just assume I realize the profit like hng33 said. Anyway, initially, I was with a friend discussing some matter and didn't have time to think over it. By the time I was free and overcoming the struggle on selling decision, its too late to fill my sell order despite my sell order (think enter around 4.30 p.m.).

jolie2, ?!?

confuse, I also want to know. My assumption is Puncak shall receive the money by the latest Oct 15. How else would Puncak hand over the asset?

hng33, thanks for the update. Just ignore those you found annoying. Many appreciate your thoughts, including myself. Even though I have yet to successfully follow your exit strategy, your entry strategy has helped me in my decision making and a failed attempt to sell yesterday at 2.87. Guess will wait till Oct 15 now

hng33, so many noises here, plus, including me, not many are aware of all stocks that you are following and trading. it would be easier to read your thoughts had you created a blog. Or, could you put your thoughts into a particularly space here on i3investors? Sometimes spot some good articles here in i3investor, but didn't really explore in details. Then, we can go and read accordingly.

hng33, yeah lah, get a blog of your trades, and share with us if you don't mind. ignore negative voices...

Would be great to read

Hng33, what have you been buying after selling Puncak? Thanks... btw, do you keep a blog of your trades n trading idea? I m one of your fans too

Ckk2276, No need already, its confirmed 15 by puncak. Earlier its can any day in between

follow hng33, queued at 2.87 but failed to fill. Taking too long to think and act...

congratulations! will take your advice into consideration...

Roger, what do you mean?

roger, think hng33 is making almost 100,000 on puncak this round, why do you have to haha him? haha me better, still making minor losses

hng33, if see puncak, what share to consider? any suggestions? thanks!

hng33, we think you are good lah, not unhappy

well, here on puncak site, hng33's sell call has been mostly right, buy call also pretty good...

o o... wonder if I should sell now too, think hng33 sell record has been almost 80% right

hng33, thought you said hang on? and you sold already at 2.88?

problem is many assume the deal is not yet sealed

coverage too little, anal-ysts revised target price too little (so far only CIMB)...

found one:

http://pocketimes.my/taxonomy/term/5

ckk2266, I also hope that would happen... wiwangwang's friend is right!

if I were not wrong, money is now with Air Selangor, should be within days Puncak will receive the money 流口水啊

ec1705, if I can't speak about what went wrong with PR, then, how's it different from BN? I want a better government, not a change in government. When it comes to election, I will vote for BN in an attempt to break the corruptions and racial-based regulations. That doesn't mean that I will have to support whatever PR want or believe in. In fact, a lot of promises made by PR don't make sense and will harm Malaysia. It's just that there is no better alternative right now!

If I were not wrong, DAP's Liew Chin Tong openly suggested Langat 2 is not necessary and it's one of the reason Khalid must go? How come Liew didn't come and oppose Langat 2 now?

hng33, don't get me wrong, just trying to learn from you who had been using technical analysis besides fundamental analysis to trade. Meant to switch back to BJCorp once my Puncak is sold, guess timing is extremely bad thanks to Azmin...

hng33, went to stockchart.com, seems like the resistance you mentioned is kind of fuzzy, with a region of which to be broken before a next up wave can be formed. Right?

hng33, based on what you said about resistance, that would means more road blocks ahead at 2.86 (Mar 02, 2015), 2.88 (Jan 23, 2015), 3.13 (Jan 05, 2015), and 3.74 (Nov 12, 2014), right? Or, are you referring to closing high? 2.81 (Jul 13, 2015), 3.05 (Jan 02, 2015) and 3.60 (Nov 12, 2014). Or, it can be either a closing high or a day high, a fuzzy region? Thanks.

Wiwangwang, thanks for the update...

Hng33, I c, thanks a lot.

hng33, does that mean resistance level is a price that buyer has to be able to keep absorbing in any sell down by sellers before seeing the next stage? If that's the case, any price level can be resistance level. Sorry, never study technical analysis and been having difficulty believing in it all the while.

0-7 days to go...

hng33, stronger momentum, does that mean it doesn't have to be big volume?

hng33, only 153,000 shares traded today at 2.82, how could this be resistance given volume? Or there will be more selling coming? Actually, after you told me about the resistance, I was expecting heavy volume this morning at 2.82...

hng33, your resistance level has no volume?!?

wiwangwang, hopefully announcement will be made tomorrow. thanks for the update!

the economy is actually not good, especially those exporting commodities. Singapore is on a downward trend for 22 weeks already, and the average downward trend is 44 weeks (according to Sinchew, probably from Bloomberg.) Palm oil is hovering around 2300 only because RM is very low, at around 4.30 (today at 4.25) and an expectation El-Nino will disrupt production. Crude oil and natural gas are not expecting a bright future, given that Saudi and Russia are eager to pump and export at all cost while Japan has restarted its nuclear power plant, reducing the demand for LNG. Other than that, from coal, copper, iron ore to wheat, corn, and soybean are all showing weak prices mainly due to over-production, thanks to earlier bullish of China GDP forecasted to grow at least 10% annually, which now is less than 7%.

hng33, congratulations, applause! Hope Puncak will reach at least 3.40 and I will have the chance to say big profit too... quick quick 3.40 then quick quick 3.80

sudahkena, ah, you are right... 0 - 8 days to go

hng33, hopefully epf start buying now, it should easily break your 3.20 resistance

think 3.80 is only possible if Rozali can get cheap plantation in Malaysia to be injected into Puncak. With his contact, probably he will be able to make it.

wiwangwang mentioned last week that deal except money transfer will possibly be done tomorrow. Hopefully announcement will be out tomorrow.

Singor is busy with grabbing water project, and the money is better than what he get from Puncak share?

about 2.95... guess I just made a stupid comment, given I am not a long term investor in Puncak, not much different from hng33, just that he is better at timing the market. OK time to say good night