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hungry_hippo
Oct 20, 2023 8:59 PM

PCAR Oct 2018 

PACCAR Inc.NASDAQ

Description

The last time PCAR went down in October was 2018, which also happens to be when the Fed raised rates pre-COVID. It gapped down on earnings, despite good numbers.

Earnings transcript:
fool.com/earnings/call-transcripts/2018/10/23/paccar-inc-pcar-q3-2018-earnings-conference-call-t.aspx

So maybe PCAR isn't a good earnings play. I'm still gonna go with it but not add any more Monday.

One thing to note is that the market gapped down that day and candlesticks looks the same for CBOE:SPX and PCAR, so it could be that the market ignored earnings and just traded the stock like normal.

Good luck

Trade closed manually

I decided to bail for even money, not gonna mess with earnings with the market so weak
Comments
TORNADOF5
dam seems like i had to keep my sqqq , i hope we get some up move premarket to jump back in sqqq , was scared to hold weekends :{
could be ??
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