Updated

PCAR Update

Low volume pump today, went up $1.80 on 400k volume. Last time it posted a similar chart pattern it double gapped down, and I had to add big to break even.

Gonna wait until Thu to see where this one goes.

Not chasing the market today.

Note

I might buy some at $81 if it drops that far. We'll see, but hat's my target from eyeballing this.

Note

Went down with small caps, but not rallying with them today because PCAR has very low short interest, hence no short squeeze. This is looking like a dead play.

Not worth shorting because it always fills down gaps.

Note

EARNINGS TUES AM

Not sure if I'm gonna play it or not, they'll more than likely beat estimates the question is guidance.

Note

Decided to play earnings, bought when it bounced off intraday support. Will add if it tanks this afternoon.

It usually gets a pump Fri and Mon before earnings.

Trade closed: stop reached

Hit my trailing stop. I'll look at this Monday

Trade active

Went long again today for earnings

Note

BTW, I'm convinced it's the Euros selling because the market rebounded when their markets closed. I warned everyone about the Euros selling off last week.

FDAX looks like it's gonna bounce Mon and maybe Tuesday, but still bearish on Europe and small caps.

hungry_hippo

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

hungry_hippo